PropertyCasualty360
State of Prosperity
PropertyCasualty360
With almost full employment and a billion-dollar budget surplus, few states or their citizens may be feeling much sympathy for North Dakota. But the extraordinary growth does have its drawbacks, both for the state in general and its insurance providers ...

Silk City Tap Room sues Northampton insurance broker over death
GazetteNET
The bar's insurance carrier, Great American Insurance Company and Liberty Surplus Insurance, denied coverage for the claims. The Jan. 13 suit claims that Webber and Grinnell failed to provide advice about what coverage would be sufficient. ...

E&S Insurance Execs Have Heads Shaved for Good Cause
Insurance Journal
Instead it was all for a good cause as part of an effort organized by North Carolina-based wholesale insurance broker AmWINS Group Inc., setting a record for fundraising for the St. Baldrick's Foundation to fight childhood cancers. ...
Eight Insurance Industry Executives Shave Their Heads as Part of AmWINS Record ...MarketWatch (press release)
OFF BEAT: Group of insurance industry executives shave heads for St. Baldrick'sBusiness Insurance

all 11 news articles »

Schubmehl Joins Swett & Crawford Chicago as Property Broker
Insurance Journal
She also previously served as assistant vice president of underwriting for Mid Continent Casualty Insurance in Tulsa, Okla., and as a production underwriting manager for Deep South Surplus of Tennessee, a managing general agency. ...

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Silk City Tap Room sues its insurance broker in death of John Connell of Florence
MassLive.com
The bar is also has a liquor liability policy with Liberty Surplus Insurance Company, but Liberty denies responsibility, saying that the matter should be covered under Silk City's general policy, according to the suit. The suit claims that Webber and ...

Crump P&C Joins ProspX's Growing Network of Carriers and Brokers
MarketWatch (press release)
... as an exciting way to educate wholesale brokers as well as retail producers on their specialty and surplus lines products." ProspX streamlines communication between insurance agents, brokers, and carriers for the ultimate benefit of the client. ...

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XL Group hires vice president to manage new product line
Insurance Business Review
XL Group's insurance segment has hired Michael Gramm as the vice president to manage the new Excess & Surplus (E&S) product line that includes Excess Auto in a move to address the brokers and clients' risk needs. Gramm will be based in Chicago and will ...
XL Adds Excess Auto to E&S Insurance OfferingClaimsJournal.com

all 5 news articles »

Nebraska Bows Out of NIMA
PropertyCasualty360
In its decision to withdraw from NIMA,Nebraskacites conflicts between the period offered to surplus lines brokers and insureds that place nonadmitted insurance business to report such business under NIMA and the state's laws. As a result, all quarterly ...

Nebraska withdraws from Nonadmitted Insurance Multi-State Agreement
Business Insurance
“While the proposed plan of operation for the clearinghouse allowed for the collection and allocation of nonadmitted insurance premium taxes, the time frame offered to surplus lines brokers and insureds independently procuring nonadmitted insurance to ...
Nebraska Regulator: State Is Withdrawing From NIMA Due to Filing Schedule ConflictInsurance News Net (press release)

all 3 news articles »

Western Insurance Agents Roundtable Discussion Highlights
Insurance Journal
Technology facilitates what agents and brokers do but it doesn't replace them. Participants came from a cross section of the industry – large and small insurance carriers, wholesale and surplus lines firms, small, medium and large independent agencies, ...

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P&I proposing rate and deductible increases for the 2012 renewal Hellenic ...
Balkans.com Business News
A benign claims year in 2010/11 (paid claims were down by over 11 percent against 2009/10, said Willis) combined with stable income levels, produced an overall market underwriting surplus of three percent. While appearing relatively modest, ...

Hindu Business Line
With cost control, 'we are confident of making profits in 2011'
Hindu Business Line
... to contribute a majority share to our overall sales pie. At the same time, however, we are focusing on scaling up our other distribution models such as retail, direct, online, and broker channels. Mr Paresh Parasnis , ED & COO , HDFC Life Insurance.

December 23rd Price Advances: ISRG, RE, MA, GOOG, CF
Rapid News Network
The Company underwrites reinsurance both through brokers and directly with ceding companies. It underwrites insurance principally through general agent relationships, brokers and surplus lines brokers. In January 2011, it acquired the business and ...

December 23rd Stocks On The Move: SQNS, YZC, RE, SYUT, IPSU
Rapid News Network
The Company underwrites reinsurance both through brokers and directly with ceding companies. It underwrites insurance principally through general agent relationships, brokers and surplus lines brokers. In January 2011, it acquired the business and ...

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Jeff Costley Joins Agencyport Software as Senior Sales Director
MarketWatch (press release)
Costley brings more than 20 years of enterprise software sales to the insurance industry. Costley will primarily focus on the Excess and Surplus (E&S) market where he is well-regarded as a thought leader and a member of industry associations like AAMGA ...

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OneBeacon Professional Insurance Expands Lawyers' Professional Liability Coverage
Sacramento Bee
OneBeacon's underwriting companies offer a range of specialty insurance products sold through independent agencies, regional and national brokers, wholesalers and managing general agencies. The company's businesses include OneBeacon Professional ...

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Arthur J. Gallagher & Company Acquires Transwestern General Agency [Travel ...
Insurance News Net (press release)
Transwestern General Agency (TGA) is a managing general agent and wholesale insurance broker, which provides excess and surplus, property/casualty, professional business liability and other specialty insurance products and services to their independent ...

PURE Offers Customized Property-Casualty Insurance Coverage for Owners of High ...
Sacramento Bee
SSAs enable members to participate in the continued success of their insurance company, while actually enhancing the claims-paying ability of PURE through tax-advantaged surplus growth. In 2010, PURE allocated $1000000 of surplus growth to Subscriber ...

and more »

Agent/Broker Acquisition Activity Revs Up as End of Year Nears
PropertyCasualty360
Founded in 1945, Transwestern General is a managing general agent and wholesale-insurance broker that provides excess and surplus, property and casualty, professional business liability and other specialty-insurance products and services to agents and ...

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Arthur J. Gallagher Acquires Transwestern in Utah
Insurance Journal
Founded in 1945, Transwestern is a managing general agent and wholesale insurance broker providing excess and surplus, property/casualty, professional business liability and other specialty insurance products and services to their independent insurance ...
Gallagher Acquires Agency in Utah With Transportation SpecialtyInsurance News Net (press release)
Arthur J. Gallagher & Co. Acquires Transwestern General Agency, Inc.PR Newswire (press release)

all 22 news articles »