National Section

Independent Insurance Agents Find Some Pundits, Politicians in Washington Agree

News flash: a conservative and a liberal in Washington agree — on quite a few matters, in fact. Before an audience of independent insurance agents, commentators Tucker Carlson, a conservative, and Paul Begala, a liberal, agreed that the coming midterm …

Competition Softens Rate Hikes for Architects, Engineers in 2014: Survey

Although most insurers providing professional liability insurance for architects and engineers sought to raise rates last year, the size of the increases generally failed to meet their expectations. Nevertheless, nearly all leading insurers offering this specialty coverage saw premium growth …

How to Reach the Next Generation of Insurance Talent

The insurance industry is on the cusp of a talent crisis as its workforce continues to “gray.” According to the Bureau of Labor Statistics, nearly 50 percent of the industry’s workforce is above the age of 45. Throughout the next …

What Young Agents ‘Like’ Most

Insurance may not be at the top of the list for college graduates when it comes to career choices, but the young professionals that do take a stab at it have some good things to say. This special issue of …

Business Moves

Arthur J. Gallagher Arthur J. Gallagher & Co. has acquired Spataro Insurance Agency Inc. of Burnt Hills, N.Y. Founded in 1932, Spataro Insurance Agency is a retail insurance broker providing property/casualty, risk management and personal lines insurance products and services …

P/C Reinsurance Market Softer Due to Alternative Capital: Execs

A new survey from Towers Watson confirms that more than half (55 percent) of property/casualty insurance chief financial officers believe the property reinsurance market is softer than the primary market, while about one-third (34 percent) deem the same is true …

Declarations

Consumer Recoveries “We are constantly working to streamline regulations, cut red tape and expand the banking and insurance markets, but when our licensees violate our laws and regulations, we take action and hold them accountable.” —N.J. Department of Banking and …

Healthcare Reform Brings Expansion to Drug & Alcohol Treatment Industry

January 1 marked the beginning of an expansion of healthcare coverage for drug and alcohol addiction treatment under the Affordable Care Act (ACA). This expansion is leading to a growth in the rehabilitation facilities market but what that growth looks …

Hiring That First Good Producer

Hiring that first good producer may be the most difficult single step/achievement an independent agent undertakes. It is so difficult, at least 60 percent of agencies, based on size surveys, never hire a single successful producer. Hiring just one quality …

Top 5 Riskiest States for Employee Lawsuits: Hiscox

Four states – California, Illinois, Alabama and Mississippi – along with the District of Columbia, are the top five riskiest places in the country for employee lawsuits. Businesses in these states and jurisdictions face a substantially higher risk of being …

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