Agents who use an organized, straightforward method when submitting program business to market will benefit by gaining faster response times from carriers and the potential to create new programs. Kenneth Robinette, of Bellingham Underwriters Inc., a commercial underwriting management firm …
Conning Inc. has apppointed Woody E. Bradford as CEO of Conning. The appointment takes effect Jan. 2, 2012. Bradford succeeds Salvatore Correnti, who will continue to serve in an advisory capacity as vice chairman and member of the board of …
Financial market volatility and a difficult operating environment continued to stifle mergers and acquisitions activity for the property/casualty insurance industry during the third quarter of 2011, according to a new report. During the third quarter of 2011, more deals were …
Some North Carolina residents who insure their residences through Allstate are finding themselves dropped by the company for refusing to bundle their home and auto coverage. Allstate Insurance Co. has informed 45,000 homeowners that it will non-renew their homeowner’s policy …
Universal Insurance Holdings Inc. recently announced that its wholly-owned subsidiary, American Platinum Property and Casualty Insurance Corp. has just issued its first Florida homeowners’ policies. American Platinum is offering homeowners multi-peril policies and inland marine insurance on homes valued in …
General contractors in Kentucky who purchase their workers’ compensation insurance through an industry-run risk pool are slated to see millions in policyholder dividends. The Kentucky Associated General Contractors Self-Insurance Fund announced they have been given the go ahead from the …
A Florida workers’ compensation insurer has reached a deal with a California company to underwrite its workers’ compensation policies through its Florida agency-owned captive program. Zurich Financial Services Group recently announced that through its wholly-owned subsidiary, Zurich American Insurance Co., …
Small business owners trust their independent insurance agents and commercial insurance carriers more than other financial services businesses, a new study reports. The study, commissioned by The Hanover Insurance Group Inc., found that trust is the single most important consideration …
The National Association of Insurance Commissioners (NAIC) posted its Quarterly Listing of Alien Insurers, available for reference and download. The listing, also mentioned in the Nonadmitted Insurance title of the Dodd-Frank Wall Street Reform and Consumer Protection Act, identifies nonadmitted …
Property/casualty insurance rates will continue to be flat to with some slight increases or decreases in most major and specialty lines of insurance. Some exceptions to that trend include catastrophe-exposed property programs and employee benefits, which are experiencing notable price …
