$600 Million All 16 private insurance companies that participate in a federal crop insurance program have signed off on the new federal reinsurance agreement that cuts the subsidies they get by $600 million per year for the next 10 years. …
One Texas Agency Has Figured Out How to Make It Work Is advertising on radio and television a cost-effective way to help expand an independent insurance agent’s book of business? It may not be for everybody, but Criss Sudduth says …
Stephen M. Franz was named senior vice president of Dallas-based managing general agency and wholesale broker Capstone Underwriters LLC. Franz has been with Capstone since 2004. Prior to Capstone, he held positions at all levels of the property/casualty insurance industry …
Corporate risk managers report a serious and growing disconnect between themselves and their insurance brokers and carriers. At a time when U.S. companies are enhancing internal risk management capabilities and elevating risk management to a strategic priority, many brokers and …
RSI International, Insurance Network Texas-based RSI International Inc. has acquired Insurance Network Corp. (INC), a managing general agency based in Dallas, Texas. Established in 1996, Insurance Network Corp. specializes in securing property/casualty coverage for Texas-based retail agents. Jim Chippendale and …
Sending a Clear Message “I want us to send a clear message to Washington, D.C., today — our people don’t want a BP check, our people don’t want an unemployment check, our people want this arbitrary moratorium to end so …
InsWeb, an online insurance comparison provider, recently released its 2010 Car Insurance Affordability Index — a list of the most and least affordable states in which to insure a vehicle. To develop the list, InsWeb ranked all 50 states and …
Prompted by the deadly explosion in April that killed 29 coal miners in West Virginia, a House of Representatives committee recently approved sweeping mine and workplace safety reforms. The 30-17 vote came over the objections of the mine industry despite …
The $20 billion fund set up to help compensate victims of giant BP’s Gulf of Mexico disaster does not prevent future lawsuits against the company that exceed that amount, according to the fund’s administrator. Kenneth Feinberg, who also oversaw the …
Markel, Aspen Holdings (FirstComp) Specialty insurer Markel Corp. has struck a deal worth at least $135 million to acquire Aspen Holdings, which sells workers’ compensation under the name FirstComp to small businesses in 31 states. Aspen, which is headquartered in …
