United States News

Concern over China’s Protectionism at 10 Year High Says U.S. Chamber

Concern among U.S. companies that China is backtracking on opening its economy are at a 10-year high, the head of the U.S. Chamber of Commerce said on Monday. Chamber President and Chief Executive Thomas Donohue said companies from the United …

Former PM to Head Ireland’s International Financial Services Center

Former Taoiseach (Prime Minister) and European Union Ambassador to the United States, John Bruton, has agreed to accept a newly created position as the Chairman of the International Financial Services Center (IFSC Ireland). The association’s bulletin described the new role …

Insurance Veterans Open McManus Agency in Medina, Ohio

Longtime insurance industry professionals Ryan and Roger McManus recently announced the opening of the McManus Agency in Medina, Ohio. President Ryan McManus and Director of Operations Roger McManus, are both experienced veterans of the property/casualty insurance industry. Ryan McManus began …

CCIR Commends EU for Opposing US Reinsurance Proposals

The Coalition for Competitive Insurance Rates (CCIR) has issued a bulletin commending the European Union for “speaking out against a controversial tax proposal on affiliated reinsurance included in President Obama’s FY2011 budget proposal. In a series of letters sent to …

Insurance Safety Group: Keep Low-Speed Vehicles Off Public Roads

As more states are allowing souped-up golf carts and other low-speed vehicles on public roads, safety researchers for the insurance industry say they should apply the brakes to this trend even though the carts may be eco-friendly. Crash tests by …

American Express, BOLT Insurance Create Small Business Service

American Express OPEN, the small business division of the financial services company, in conjunction with BOLT Insurance Agency has created InsuranceEdge, which was designed to help small business owners research, review, compare and purchase commercial insurance for their business needs. …

Allied World, American Professional Agency Launch Psychiatrists Program

Allied World Assurance Co. Holdings, Ltd’s specialty liability group and New York-based program administrator American Professional Agency have secured the endorsement of the American Psychiatric Association (APA) to offer a professional and business liability product to the APA’s 38,000 member …

Senate Republicans Balk at Raising Oil Companies’ Spill Liability

President Barack Obama said Tuesday he was disappointed that a measure to lift limits on oil firm liability for spills had stalled in the U.S. Senate, and blasted Republicans he said had stopped it. “I am disappointed that an effort …

The Agency Salary Blues: How to Keep Employees Happy

While slugglish agency salary growth has employees singing the blues, some agency management consultants believe employee satisfaction can be kept up even in tough times. One way agency owners can keep their employees happy in today’s challenging climate is by …

Ratings: Evergreen RRG, Farmers Mutual Branch County, Mid-Continent, Ophthalmic Mutual

A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of’ B+’ (Good) and issuer credit rating (ICR) of “bbb-” of Vermont-based Evergreen USA, Risk Retention Group, Inc. Best also affirmed the …