United States News

Motor Vehicle Crash Injuries Costing $99 Billion a Year, or $500 per Driver

In a one-year period, the cost of medical care and productivity losses associated with injuries from motor vehicle crashes exceeded $99 billion – with the cost of direct medical care accounting for $17 billion. A new study by the Centers …

Wholesale Trading Co-Op Launches to Serve Large Brokers

Edgewood Partners Insurance Center (EPIC) and one of its co-founders John Hahn and industry investor Jeff Cappel, announced the formation of Wholesale Trading Co-Op Insurance Services LLC (WTC), a boutique wholesale brokerage firm that will serve approximately 30 large, privately …

Slowing Urban Sprawl, Adding Forested Land Curb Flooding: Study

Controlling urban growth and increasing forested land are the most effective ways to decrease future water runoff and flooding, according to a Purdue University study. Bryan Pijanowski, an associate professor of forestry and natural resources, used a model to simulate …

K&K Insurance Adds New Regional Sales Staff Across U.S.

Indiana-based K&K Insurance has added a regional sales force to develop new agent relationships while supporting existing K&K relationships with more than 6,000 agents and brokers across the United States. The new sales representatives include: James Algeo serves the Northeast …

Travelers Wins $262M Asbestos Reinsurance Judgment

Travelers Insurance has won a $262 million judgment against a group of reinsurers that refused to pay a portion of a nearly $1 billion settlement in asbestos claims the insurer paid in 2002. The award by a New York Supreme …

M&A Wrap Up: Year-over-Year, M&A Activity Sustains a Moderate Pace

Insurance brokerage deals in the second quarter of 2010 barely bested the number of deals during the second quarter of 2009 bringing year-over-year activity slightly ahead of last. Forty-six transactions were announced from April through June compared to 43 transactions …

CORRECTED Financial Figures: Best Affirms Sunderland Marine Ratings

Ed Note: The original version of A.M. Best’s ratings report, which appeared on the IJ web site on August 17, contained an error in the financial figures, wrongly listing a £700,000 loss as £700 million. The article below is the …

All Risks Launches Mental Health Program Through Rockhill Insurance

All Risks Launches Mental Health Program Through Rockhill Insurance All Risks, Ltd. announced the introduction of an exclusive insurance program designed to meet the evolving challenges of the mental health industry with Rockhill Insurance Company. The Mental Health Program specifically …

All Risks Ltd. Launches Home Health Product Through Rockhill Insurance

All Risks, Ltd. has introduced an exclusive insurance program designed to meet the evolving challenges of the hospice and home health industry with Rockhill Insurance Company. The Home Health Program specifically targets medical home care of the elderly, home health …

Bibby, Brilling & Associates Joins CAA as Member Agency

Combined Agents of America LLC (CAA) has added a new member agency, Bibby, Brilling & Associates LLP, in Dallas. Based in Dallas, Bibby, Brilling & Associates (BBA) is a full service insurance agency that began in 2000 when two agencies …