National Section

P/C Retail, Wholesale Agency M&A Activity Brisk in 2015

When agency consultants at Reagan Consulting hosted more than 150 industry leaders at a workshop on agent/broker mergers and acquisitions (M&A) recently, the mood was upbeat, since brokers are enjoying their best combination of growth and profitability in nearly a …

10 Things to Know About Garage & Repair

For service-type operations under a garage liability policy, the standard market generally writes this business under a general liability policy, which includes personal injury and advertising liability, fire legal liability and med pay. In order to match up reasonably with …

A Look Back and Ahead with Nationwide Ventures’ Michael Miller

Michael Miller, the longtime president and chief operating officer of Scottsdale Insurance Co., has stepped into a new executive role with corporate parent Nationwide where he’ll manage and spearhead strategic investments for the insurance giant. Miller, now the new president …

Making New Habits

As January comes to a close many have already broken their annual New Year’s resolution promise. But the key to setting resolutions that stick is to turn those resolutions into habits, says Josh Klapow, Ph.D., a clinical psychologist at the …

The Changing Surplus Lines Landscape

The changing excess and surplus insurance landscape was an oft discussed topic at a recent California meeting, with experts describing the challenges and opportunities going forward. “The business that we have and the risk we see is going to be …

Deal Activity Still Booming

Deal count for the third quarter of 2015 continued its record breaking pace with 89 announced transactions. Although it was the slowest quarter in 2015 (107 in 1st quarter and 99 in 2nd quarter), it was the most active third …

Outlook for U.S. Commercial P/C Insurance Still Negative

Rating agency A.M. Best said it is maintaining its negative outlook on the commercial lines segment of the U.S. property/casualty industry, despite relatively solid aggregate results over the past several years. The negative outlook indicates A.M. Best’s expectation of more …

Swiss Re Corporate Solutions, IHC Risk Swiss Re Corporate Solutions has agreed to buy IHC Risk Solutions and its direct employer stop loss (ESL) business from Independence Holding Co. for $152.5 million in cash. The transaction includes IHC Risk Solutions’ …

Second ‘Hottest’ Year on Record in U.S. Included 10 Major Weather Events in 2015

Last year was the second hottest on record in the contiguous United States, and included 10 major weather and climate events, such as droughts and storms, that each led to over $1 billion in damages, the National Oceanic and Atmospheric …

5 Trends Driving Change in Insurance Distribution

The property and casualty (P/C) industry is in a great position for further growth in the upcoming year. Robust economic recovery along with the entry of new products and services have enhanced the industry’s outlook. This is our second annual …

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