Brown & Brown, Beecher Carlson Brown & Brown Inc. completed the acquisition of Beecher Carlson Holdings Inc. from Austin Ventures, FSPM and a group of individual employee and non-employee equityholders for $336.5 million in cash. Beecher Carlson had total annual …
Profit-focused executives from strong firms who understand the business of underwriting are welcome to enter the excess and surplus lines segment – and that includes Berkshire Hathaway’s Ajit Jain, says E&S veteran William R. Berkley. Berkley, whose specialty insurance organization …
For an industry that depends on lots of data to develop products and price them according to risk, the insurance industry finds covering new and emerging risks to be no easy task. Carriers try to address new risks, particularly those …
A small bipartisan group of U.S. senators has introduced legislation to restore the wall separating traditional banking activity from riskier financial services. The bill, called the 21st Century Glass-Steagall Act, shows some lawmakers are frustrated that megabanks have continued to …
Except for Egypt, political risk insurance has been growing Tourism, manufacturing and resources companies surveying an unpredictable world are increasingly having to consider insurance against political risks, and the insurance industry is gearing up to provide more cover. The small …
Running a successful independent agency is a multi-faceted job. It’s a difficult balancing act that demands creating a constant flow of new business, while keeping insureds, employees and carriers reasonably happy. To accomplish this, principals can’t focus solely on production …
There is a wide array of state, federal, and international laws requiring individuals and entities that gather, use and secure “personal” or “protected” information to report, and/or “notice,” when this type of information is accessed or acquired without authorization. The …
The Most Successful Users Know Their Markets The value of social media as a tool for marketing and selling property/casualty insurance may be a matter of debate but one thing is for certain: While the nature of social media may …
Louisiana Workers’ Compensation Corp. (LWCC) promoted Angie Risley to manager of financial reporting and Shelly Vige to premium audit manager. Risley has been with LWCC since 2003 when she was hired as a senior accountant. She has also held the …
Gov. Mary Fallin told a chamber of commerce gathering in northeastern Oklahoma that a special legislative session is possible to address lawsuit reform and other issues. The Tulsa World reported that Fallin said during the speech on July 12 to …
