National Section

Declarations

Big Step Forward “This will be a big step forward in the city’s overall resiliency efforts as we prepare to deal with the future of extreme weather.” —New York City Mayor Bill de Blasio on the Federal Emergency Management Agency’s …

What Agencies Need to Know About Recruiting the Next Generation

Recruiting the next generation of talent is not a new challenge but a difficult one. At the recent NetVu15 conference in Indianapolis, a workshop titled “Generation XYZ in the Workplace” drew a large crowd, many of whom were agency principals …

Does Age and Gender Matter?

The number of female young agents responding to the Young Agents Survey grew in 2015 – 46.7 percent were female while 53.3 percent were male. In the 2014, only 39.5 percent were female. While the gender gap appears to be …

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. One Day Event Insurance Market Detail: ACT Insurance Program offers one-day event insurance for vendors attending craft fairs, art festivals, farmers …

Future Competition

Young agents, while generally happy with their career choice, temper their optimism with doses of reality about what lies ahead in terms of competition. Who can blame them? This issue of Insurance Journal features exclusive results from the 2015 Young …

Declarations

Climate Prep “You’re getting storms that you’ve never seen before; you’re getting winds that you’ve never seen before. We’ve got to be adapting.” —U.S. Interior Secretary Sally Jewell on adapting to changing weather patterns. During her keynote speech at the …

New Insurance Players: Disruptors or Duds?

Those with long careers in the insurance industry have seen newer entrants founder on the shoals of our business. Many well-intentioned outsiders don’t understand the innate complexities of the insurance ecosystem — complexities such as the long tail of liability …

AIG Buys Controlling Interest in Program Manager NSM Group

American International Group Inc. has agreed to acquire a controlling stake in NSM Insurance Group, a managing general agent and insurance program administrator, from ABRY Partners and NSM management. Terms of the deal were not disclosed. NSM Insurance Group administers …

Business Moves

Brown & Brown, Spain Agency Brown & Brown Inc. announced that its subsidiary Brown & Brown of New York Inc. has acquired certain assets of Spain Agency Inc., an independent agency based in Mahopac, N.Y. Terms of the transaction were …

P/C Insurance M&As: Deal Value Up, More to Come

Merger and acquisition activity in the property/casualty industry is increasing in deal value and will likely expand from reinsurers to primary carriers, according to two new industry reports. Deloitte said that the average deal size in the sector grew more …

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