National Section

MyNewMarkets

Physical Damage Insurance Market Detail: International Transportation & Marine Agency (www.itmagency.com) offers physical damage insurance, often referred to as a collision coverage policy pays to fix or replace damaged vehicles. International Transportaiont & Marine Agency specializes in writing commercial automobile …

Cyber Market Hampered by Insurability Challenges: Report

While insurance against cyber risk represents a tremendous new business for the insurance industry, numerous problems with the insurability currently impede the development of the market, according to a new report published by the Geneva Association. The report, titled “Ten …

What Drives Satisfaction in Large Commercial Insurance Market?: J.D. Power

The profitability of an insurance company and the quality of advice given by an insured’s insurance broker make the most difference in customer satisfaction for commercial insurance, a new study revealed. According to the J.D. Power 2016 Large Commercial Insurance …

A Survivor’s Story: City of Hope and Marshall Cotta

More than 10,000 children in the United States under the age of 15 were diagnosed with cancer in 2016. And the rate of childhood cancer has been rising slightly for several decades, according to the American Cancer Society. It’s an …

D&O Prices Down, Auto Up in Q3; Other Commercial Lines Stable

Price decreases accelerated for directors and officers insurance in the 2016 third quarter, a period during which commercial insurance prices generally remained flat once again overall. The latest Willis Towers Watson’s Commercial Lines Insurance Pricing Survey showed prices charged on …

Operation Healing Forces Unique Charity Created by Insurance Executive Markel

Gary Markel was at home one evening watching a television show on volunteers helping wounded veterans scuba dive in St. Thomas in the U.S. Virgin Islands. Some had missing limbs, and others had severe disabilities. They and the volunteers persevered …

Why a Unique Perpetuation Model Still Stands Strong

In the insurance agency system, it’s no secret that right now many agencies are merging or being acquired, increasingly by private equity firms. For some, this is a blessing because they have not been able to keep up with technology, …

The Corporate Citizenship Mandate

In the midst of today’s growing war for talent and increasingly competitive labor market, corporate citizenship programs should no longer be viewed simply as a “feel good” activity. Rather, this “win-win-win” opportunity — providing benefits for the charity, employer and …

Declarations

Clear Pot Thinking “The governor has been clear about the importance of the marijuana industry to Oregon’s economy.” — Jeff Rhoades, marijuana policy adviser for Gov. Kate Brown, said a move by the state to ease testing requirements keeps Oregonians …

Business Moves

Access Holdco Management, IAT Insurance Group Access Holdco Management has purchased the Massachusetts non-standard auto insurance book of business of Occidental Fire & Casualty Company of North Carolina from Occidental’s parent, IAT Insurance Group (IAT). Access Holdco Management is an …

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