Guns and Insurance
We are going to have both. Millions of gun owners will keep their firearms, and the level of death and injuries is unbearable. The tension will continue until a means to deal with these facts is forged, and you can …
Business Moves
Tower Group, Canopius Tower Group Inc. closed its merger with Canopius Holdings Bermuda Ltd. Tower becomes an indirect, wholly-owned subsidiary of Canopius Bermuda, which will change its name effective at the closing to Tower Group International Ltd. (Tower Ltd.). The …
Commercial Rates Continued Up in March, Even for Large Accounts: MarketScout
Commercial insurance rates were up about 5 percent in March, according to the latest barometer from MarketScout and the National Alliance for Insurance Education and Research. Manufacturing continues to post the largest rate increases compared to prior-year results, followed by …
Armed and Growing
Guns are big business. Just ask some insurance brokers. According to a report on InsuranceJournal.com, proposals to change state and federal gun laws is having an unintended effect on the gun insurance market – unprecedented growth. Experts in this segment …
Rates Should Rise Moderately for Most Commercial Lines
Commercial insurance buyers in all product lines should see rates rise moderately through the remainder of 2013, although commercial property rates for non-catastrophe exposed risks and some specialty lines may see slight reductions, according to global broker Willis in its …
W.R. Berkley Corp. Divests, Connecticut Bank Acquires InsurBanc
InsurBanc, a federal savings bank founded by the Independent Insurance Agents & Brokers of America and W.R. Berkley Corp. a dozen years ago, has joined Connecticut Community Bank N.A., based in Westport, Conn. In the merger deal, the Farmington, Conn.-based …
7 Ways for Independent Agents to Recover Lost Policies
Independent agents have a nearly endless supply of suspects to solicit. They encompass almost every consumer and business in the state(s) in which you’re licensed. Of course, some make better prospects than others, and the more you know about them, …
19 States Approve ISO’s Telematics-Based Auto Rating Tool
ISO has filed its first vehicle telematics-based rating rule with insurance regulators in 33 states and received approvals in 19 states. The GeoMetric rating rule for use by insurers writing personal and commercial automobiles uses information collected via telematics to …
The New Insurance Realities of the Live Event Industry
The increasing frequency of live event structural failures and tragic incidents mandates that insurance agents now, more than ever, be knowledgeable about changes in insurance regulations and venue contractual requirements with vendors. We are beginning to see these changes affect …
Mayhem Rules Insurance Journal’s Mascot March Madness
The scrappy underdog from South & Western General Agency of Texas gave it a good run, but in the end, the powerhouse Allstate Mayhem mascot took home the trophy in the 2013 Insurance Mascot March Madness Tournament conducted online by …