National Section

My New Markets

My New Markets is brought to you by Insurance Journal’s sister website: www.mynewmarkets.com Need a Market? Find it. FAST. International Health Insurance Market Detail: Clements Worldwide offers international health insurance with flexible medical benefits and borderless coverage to ex-pats and …

Business Moves

Marsh & McLennan Agency, MHBT Marsh & McLennan Agency LLC (MMA), a subsidiary of Marsh LLC, has acquired Dallas-based MHBT Inc., one of the nation’s largest independent insurance brokers. Terms of the transaction were not disclosed. With roots dating back …

Medical Malpractice Payouts Continue to Climb in U.S.

For the second consecutive year, medical malpractice payouts in 2014 increased over four percent from the previous year. After declining from 2003 through 2012, malpractice payouts started to rise in 2013 and continued to rise at a steady pace in …

Declarations

Uncharted Territory “Losing the qualification to self-bond and turning to the corporate surety market is uncharted territory.”  —Robert Duke, chief counsel for the Surety & Fidelity Association of America, said it’s difficult for cash-strapped Wyoming mining companies to acquire surety …

For P/C Insurers, 2014 Was Better Than Average Year

Analysts who predicted the U.S. property/casualty industry would have a tough time topping its 2013 results in 2014 were largely correct, as there was some slippage. However, while property/casualty insurers were not as profitable as they were in 2013, they …

E&O Insights: When Should You Offer an Umbrella?

If one were to ask an agency how many of its personal and commercial accounts have an umbrella, most agencies should be able to determine that number without much difficulty. After all, many agency management systems have the ability to …

Stop Selling Like It’s 1985

There is a video on YouTube by Jim Muehlhausen of CEO Focus called “Stop Selling Like It is 1985.” It has some great points about the changes that have occurred in the sales process due to the Internet. The example …

P/C Carriers Responding to Commercial Drone Interest

Property/casualty insurers have responded positively to the soaring interest in and use of commercial drones, even as global regulators struggle to keep up with the nascent industry, Marsh said in a report. Some insurers are being so proactive they have …

Top 5 Issues in Business Interruption Insurance

The high costs related to business interruption should provide an impetus for companies to prep for their clients in advance, according to industry experts. During a recent webinar hosted by global broker Marsh, insurance experts detailed the top five issues …

The Risk of Data Breach in Agencies Today

Data breaches pose a serious threat to agents even though incidents involving large companies such as Target and Sony produce all the headlines. All agencies are vulnerable to breaches, no matter what their size, location or specialties. Yet there are …

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