Agents & Brokers News

K&K Offers Program for Firefighter Accidental Death and Disability

K&K Insurance Group Inc., a subsidiary of Aon plc, has a new program offering accidental death and disability (AD&D) coverage for firefighters. The program provides a variety of options including: Policies written for the entire state or on a per …

CorPro, AIG Offer Management Liability Products for Small, Mid-Sized Firms

CorPro Underwriting Managers will now offer directors and officers, employment practices, fiduciary and crime insurance coverage to small and mid-sized enterprises through its partnership with subsidiaries of American International Group Inc. This partnership provides a single point of entry exclusively …

XL Group Unveils Enhanced Yacht Insurance

XL Group has launched enhancements to its yacht insurance program, providing increased coverage for Search & Rescue, stolen boat reward, ship’s cash and continued coverage for crew, which the company unveiled at the 55th Annual Fort Lauderdale International Boat Show. …

Commercial Rates Continue on Slow Slide; Personal Lines Rates Moderate: Survey

The composite rate for U.S. commercial insurance was plus 1 percent in October 2014 while the composite rate for U.S. personal lines was plus 3 percent for the month, according to MarketScout’s monthly analysis of market conditions. “As expected, the …

Big Data: It Isn’t Just for Carriers

This is the era of big data and while it’s no surprise that insurance carriers are big players, the fact is that agents and brokers of all sizes also have a growing stake in big data. While the insurance industry …

Aon Hewitt’s CIO Named on Computerworld Premier 100 IT Leaders’ List

Aon plc, the provider of risk management and human resource consulting and outsourcing, announced that Matthew Heckler, chief information officer for Aon Hewitt, was named to IDG’s Computerworld Premier 100 IT Leaders’ list for 2015. The list spotlights 100 leaders from both the technology and business …

Aon Benfield Buys Safe Brokers to Enhance Presence in Greece, Cyprus

Aon Benfield, the reinsurance intermediary and capital adviser of Aon plc, has acquired Safe Brokers to strengthen its investment in the Greek and Cypriot markets. Safe Brokers is an independent reinsurance broker with facultative and treaty premium of approximately EUR15 …

Lockton, Burns & Wilcox Brokerage Offer Income Protection without Physical Loss

Lockton Cos. and wholesale broker Burns & Wilcox Brokerage have joined the Ebola-sensitive insurance protection movement with a product that protects companies from income losses and increased costs incurred without actual physical damages. The companies have launched the Protection Against …

The Hartford Offers Safety Rewards, Discounts for Commercial Auto

The Hartford is offering small and midsize businesses the opportunity to receive commercial auto insurance premium discounts and rewards for safety. The company has also expanded its quoting system for agents and brokers to include small commercial auto coverage. The …

Burand’s Agency E&O Blog: Tip #64

Confirmation That Suit Papers Have Been Received by the Carrier. While not an every day occurrence, most agencies receive suit papers from various parties several times a year and these papers must be forwarded to the applicable insurance company immediately. This …