Fourth Quarter Brings In Record M&A Activity Following a year of historically low merger and acquisition (M&A) activity in 2009, market, economic and political dynamics fueled the fourth most active year of M&A activity in the past 11 years, and …
Northeast State Have Uneven Success Attracting Captives States across the Northeast continue to look at captive insurance companies as a potential source of new business — and tax revenue — but the continued growth of captives is treating some states …
Pennsylvania Gov.-elect Tom Corbett said he will nominate lawyer Michael Consedine as the Keystone State’s next insurance commissioner. Consedine, 41, is a partner in the Harrisburg office of law firm Saul Ewing, where he serves vice chair of the firm’s …
Turnaround May Not Happen Until 2012 The loss of market share in the surplus lines sector of the property/casualty insurance industry will turn around when standard carriers begin to experience negative results from the non-standard business they’ve taken on in …
Mine Worries “We estimate that more than a million Pennsylvania homes sit atop abandoned mines, yet many homeowners are not insured against catastrophic property losses if these mines should collapse. That’s why Pennsylvania has made mine subsidence insurance more affordable.” …
5 Critical Areas to Review For many, 2010 was another tough year. A number of you are probably disappointed in how little you “accomplished” this past year. You may even feel that you have had a set back. Some of …
10,000 Estimated number of people killed over the last decade when they were ejected from vehicles during rollovers. The National Highway Traffic Safety Administration (NHTSA) is ordering car manufacturers to develop new approaches, such as larger side airbags, to limit …
A key trade group for insurers in New York State applauded a proposal by Gov. Andrew Cuomo to merge the state’s insurance regulatory arm into a single agency overseeing insurance, banking and consumer protection. The proposal for the so-called Department …
Why Cross-Selling Depends on the Initial Sale Everyone in insurance sales knows the value of cross-selling additional protection to existing insureds. This highly desirable action generates the easiest new commissions of all, while aiding an agency’s retention ratio. That’s because, …
Trade Groups Lash Out at Proposed FDNY Charges for Accident Response The insurance industry spoke out against what it is calling a hidden “crash tax” during a public hearing in New York City earlier this month. Under the proposal, the …
