Insurance News Archive


Page 81 of 81 pages ‹ First  < 79 80 81

Agent Survey Reveals Challenges to Growth

04.06.2012

The largest hurdle to the organic growth of independent insurance agencies is identifying the strategies and processes that create it, according to a recent survey of more than 200 insurance professionals conducted by The WorkComp Advisory Group. Open between Jan. 6 and Jan. 23, 2012, the on-line survey examined the activities, technologies and methods agencies use to develop and nurture new business.

According to The WorkComp Advisory Group Co-Founder Susan Toussaint, results of “Assessing Strategies for Pipeline Development and Management...
04.06.2012

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SUNZ Insurance Expands Into Oklahoma

03.30.2012

SUNZ Insurance has received a Certificate of Authority to begin offering workers' compensation in Oklahoma. SUNZ Insurance provides workers' compensation in over a dozen states, tailored specifically for professional employer organizations, staffing companies and large employers in various industries.

SUNZ President Scott Robertson said, "Many of our existing and prospective clients serve employers with operations and employees in this region of the United States. Our authority to write business in Oklahoma greatly strengthens our ability to serve...
03.30.2012

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K2 Insurance Services Expands to Texas, California

03.30.2012

San Diego-based managing general agency K2 Insurance Services LLC (K2) has acquired a majority stake in Midwestern Insurance Alliance, Inc., an MGA based in Louisville, Ky. that underwrites workers’ compensation coverage with a focus on the transportation industry.

The investment is the first for K2, formed in 2011 to invest in other MGAs and build a national insurance program business franchise.

With the added capital support, Midwestern will expand its territory to 17 states, including Texas...
03.30.2012

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Ace Introduces New Captive Reinsurance Alternative

03.30.2012

ACE Risk Management, part of ACE USA, the U.S.-based retail operations of the ACE Group, has introduced a Multiple-Insured Captive Reinsurance Alternative initiative. The new program is designed to provide primary casualty insurance to multiple risk management buyers seeking to implement a single captive reinsurer to retain risk.

“ACE has created a tailored underwriting approach to meet the specific needs of multiple-insured captives,” said Matt Merna, Division President of ACE Risk Management. &ldquo...
03.30.2012

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Chartis Expands Business Relationship With All Risks

03.30.2012

Chartis’ programs division is expanding its relationship with program administrator All Risks, Ltd. to include a comprehensive program for the temporary staffing industry. The program provides general liability, professional liability, employment practices liability and other coverages specifically tailored to this industry.

All Risks, Ltd., an independent wholesale brokerage firm, specializes in providing comprehensive insurance solutions to a broad range of groups and industries. Information on the program is available from All Risks Senior Underwriter Irene Fee...
03.30.2012

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A.M. Best Downgrades School Boards Insurance of Penn.

03.30.2012

A.M. Best Co. has downgraded the financial strength rating to B+ (Good) from A- (Excellent) and issuer credit rating to "bbb-" from "a-" of School Boards Insurance Company of Pennsylvania, Inc. (SBIC) (Mechanicsburg, PA). The outlook for both ratings has been revised to stable from negative.

The rating actions reflect several consecutive years of variability in SBIC's underwriting performance, which has resulted in large net losses in recent years. The deterioration in the company's...
03.30.2012

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Lightyear Buys Paradigm Acquisition

03.30.2012

Lightyear Capital, a New York-based private equity firm focused on financial services investing, has announced that an affiliated investment fund has acquired Paradigm Acquisition Corp., a nationwide provider of outsourced catastrophic workers' compensation case management services for insurance companies and self-insured employers. Terms of the transaction were not disclosed.

Founded in 1991 and headquartered in Walnut Creek, Calif., Paradigm has more than 400 employees and case managers and has created a highly differentiated business model which is designed to...
03.30.2012

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Global Options and Companion P&C Forge Agreement

03.30.2012

GlobalOptions has entered into a formal agreement to serve as the Special Investigations Unit (SIU) provider to Companion Property and Casualty Insurance Co. and its wholly owned subsidiaries, Companion Commercial Insurance Co., Companion Specialty Insurance Co., AmFed Casualty Insurance Co. and AmFed National Insurance Co.

Headquartered in Columbia, S.C., Companion Property & Casualty offers workers’ compensation insurance, a variety of commercial package policies, commercial auto insurance, commercial property and commercial liability policies, third party administration...
03.30.2012

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Pam Sadler Joins Accident Insurance Co. in Tennessee

03.30.2012

Pam Sadler, AAI, ARM, CPIA, has joined Accident Insurance Co. (AIC) as business development representative for the state of Tennessee.

“What makes Pam a unique member of AIC’s growing team is that she brings an exceptional amount of industry expertise, capability and knowledge to the table,” said AIC chief marketing office, Jon Beckham. He added, “For a young company like ours, her years of experience in the field are sure to be...
03.30.2012

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Meadowbrook Insurance Group Releases 4Q Results

03.30.2012

Meadowbrook Insurance Group, Inc. expects to record a pre-tax expense of $7.7 million in the fourth quarter of 2011 to strengthen loss reserves, according to a company release. This adjustment to overall reserves is less than 0.09 percent of the Company's $879 million of net loss reserves and the after-tax impact of this re-estimate is $5.0 million, or $0.10 per diluted share. The company expects to report positive fourth quarter net operating income and full year 2011 net operating income of $0.77 per diluted share to $0.79...
03.30.2012

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Tougher U.S. Commercial Insurance Market Conditions Expected in 2012: Marsh

03.30.2012

U.S. commercial insurance rates are expected to climb across many lines of business in 2012, continuing a trend that began in the second half of 2011, according to a comprehensive report published in late January by Marsh.

Substantial catastrophe losses and reduced investment returns prompted many U.S. insurers to seek rate increases in 2011, most notably in the property market, Marsh said in its report, Navigating the Risk and Insurance Landscape: U.S. Insurance Market Report 2012. Property insurance...
03.30.2012

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Texas Approves 13 Companies to Self-Insure for Workers’ Compensation Claims

03.30.2012

The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) approved 13 renewals of the Certificates of Authority for companies to self-insure their workers’ compensation claims for a one-year period under the TDI-DWC Self-Insurance Program.

These companies collectively employ approximately 26,500 employees in Texas.
Under Texas law, certain large, private companies can self-insure for workers’ compensation claims, while retaining the protection of the Texas Workers’ Compensation Act for the company and for its employees. To...
03.30.2012

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David Brown Heads Up ACE Risk Management Transportation Sector

03.30.2012

ACE Risk Management has named David Brown to lead its national transportation industry segment, which will deliver customized primary casualty offerings to address the specialized needs of this key industry class. ACE Risk Management, ACE's U.S.-based retail primary casualty division, provides workers' compensation, auto liability and general liability products and services customized for large fleet transportation companies including truckers, bus operators, waste haulers, rental car companies, and manufacturers and distributors.

As vice president, underwriting ...
03.30.2012

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National Poll: Nearly Half of Small Businesses Believe America’s Best Days Are Behind It

03.30.2012

Nearly half (46 percent) of small businesses believe America’s best days are behind it, according to a Small Business Opinion Poll conducted by ORC International and commissioned by workers’ compensation specialist EMPLOYERS. Similarly, small businesses share negative feelings about Washington D.C., with 82 percent agreeing the federal government should get out of their way and 72 percent agreeing federal taxation, regulation and legislation make it harder for small businesses to hire more employees.    Though many small...
03.30.2012

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