There has been much discussion regarding the increasing frequency and intensity of storms around the world. While both underwriters and insurance buyers are concerned with exposure to potential catastrophic losses from these storms, the focus has been on property damage …
It’s rare to read an industry magazine or attend an industry conference without the topic of mergers and acquisitions coming up. The issues addressed typically include the cost of acquisitions, tax implications, systems matters, when a consultant is needed and …
The insurance industry is on the cusp of a talent crisis as its workforce continues to “gray.” According to the Bureau of Labor Statistics, nearly 50 percent of the industry’s workforce is above the age of 45. Throughout the next …
Like many of my peers, I grew up in family-owned independent insurance agency and sort of inherited the insurance bug. Unlike most of my peers, our family’s agency is minority-owned and I’m younger than 40. The majority of independent insurance …
Hiring that first good producer may be the most difficult single step/achievement an independent agent undertakes. It is so difficult, at least 60 percent of agencies, based on size surveys, never hire a single successful producer. Hiring just one quality …
Consumer Recoveries “We are constantly working to streamline regulations, cut red tape and expand the banking and insurance markets, but when our licensees violate our laws and regulations, we take action and hold them accountable.” —N.J. Department of Banking and …
Arthur J. Gallagher Arthur J. Gallagher & Co. has acquired Spataro Insurance Agency Inc. of Burnt Hills, N.Y. Founded in 1932, Spataro Insurance Agency is a retail insurance broker providing property/casualty, risk management and personal lines insurance products and services …
California Commissioner Dave Jones made his initial recommendations to the California Public Utilities Commission in late March, days after the California Department of Insurance’s investigatory hearing relating to insurance issues and transportation network companies. CPUC oversees TNCs in California. App-based …
California state Sen. Ted Lieu, D-Torrance, has called for a state investigation into possibly unsafe working conditions at Los Angeles International Airport. Lieu’s call comes following the death three weeks ago of a 51-year-old baggage employee Cesar Augusto Valenzuela with …
Five California harbors are preparing for future tsunamis under a new state project that arms them with maps that identify potential problem areas. Officials with the California Geological Survey said the participating harbors include San Diego, Los Angeles/Long Beach, Ventura, …
