Just over one year ago, a deadly EF5 tornado ripped through Moore, Okla., making it the third most violent storm in less than 15 years to pummel the small city, which was struck by an EF5 tornado in 1999, and …
Richard Gergasko, CEO of workers’ compensation insurer, Texas Mutual Insurance Co., describes himself as an insurance geek. Trained as an actuary, he’s been involved in the insurance business for 30 years. With Texas Mutual since February 2013, Gergasko previously worked …
Bill Martin has been elected president of the Combined Agents of America LLC (CAA) for 2014 – 2015. Other members of CAA’s management committee include new Treasurer Pete Bibby, new Second Vice President Mack Purifoy and re-elected Secretary Robert Porter. …
Climate change is in the here and now, according to a massive new report. The White House’s National Climate Assessment report is part of President Barack Obama’s effort to prepare the nation for the impacts of a changing climate now …
Sandy Recovery Program Scams “Our Statewide Sandy Fraud Working Group is pursuing aggressive criminal and civil actions against those who allegedly sought illegal profits in the wake of this national disaster.” —New Jersey’s Acting Attorney General John J. Hoffman on …
U.S. multinational businesses are increasingly seeking opportunities in new regions of the world, expanding outside of the United States and continental Europe into sub-Saharan Africa, Asia and Latin America. As their operations outside of the United States grow, however, multinationals …
Direct premium written (DPW) for property/casualty insurance companies continues to increase. At year-end 2012, more than $523 billion of DPW was reported, which was an all-time high for the industry. For 2013, total DPW for all P/C insurers aggregately increased …
The U.S. homeowners insurance industry benefited from lower catastrophe activity in 2013 and became profitable for the first time since 2007, according to an analysis by SNL Financial. According to SNL, all of the top 20 homeowners insurers in its …
Brown & Brown, Wright Insurance Brown & Brown Inc. has completed its acquisition of specialty and flood insurance company The Wright Insurance Group LLC. In January, Florida-based national insurance broker Brown & Brown said it would acquire TWIG for $602.5 …
Most independent insurance agents stick with their top personal lines and commercial lines companies for years, although they are less-than-satisfied in a number of carrier-performance areas. This is among the many findings in a new national survey of agents conducted …
