Seeman Holtz Property & Casualty, Redel Insurance, Allstar Assurance Boca Raton, Florida-based Seeman Holtz Property & Casualty Inc. has acquired Redel Insurance Agency Inc., headquartered in Ballwin, Missouri. Redel Insurance Agency has been operating in Missouri for three-quarters of a …
“Cool. Sexy. Rewarding. Fascinating. Flexible. Better than ESPN.” That’s not some googley-eyed entrepreneurial hotshots talking about the latest insurtech. That’s young brokers talking about the wholesale insurance business. While college students rarely start out expecting to enter wholesale, proactive and …
Commercial auto insurance hasn’t produced an industrywide combined ratio below 105 in the United States since 2010, according to a Guy Carpenter analysis, which says the line’s poor performance is a key factor in overall property/casualty underwriting results. “It is …
Independent insurance agents and brokers can celebrate a four-year growth trend, according to Reagan Consulting. In its third-quarter Organic Growth and Profitability (OGP) study, the agency consultant says that the sector’s organic growth rate in the third quarter was 6.1 …
Hurricane Florence is estimated to have caused almost $17 billion in damage in North Carolina, according to a statement from Governor Roy Cooper’s office. An Oct. 31 updated damage estimate from the North Carolina Office of State Budget and Management …
North Carolina’s insurance commissioner said he’s handing over to the federal government a contribution that’s the subject of a citizen’s complaint alleging improper campaign giving by a leading state donor who also faces scrutiny from federal investigators. Insurance Commissioner Mike …
Georgia’s insured losses from Hurricane Michael have climbed to more than $696 million, with insurers reporting approximately 68,000 claims filed as of the end of October, according to a press release from Insurance Commissioner Ralph Hudgens. The estimate is based …
S.S. Nesbitt, a Southeastern insurance agency and division of EBSCO Industries Inc., has appointed Senior Vice President L. Dickerson (Dick) Fountain as market executive in Huntsville, Ala. Over the past year, S.S. Nesbitt’s Huntsville office has aggressively expanded both its …
Workers’ compensation rates in Tennessee will decrease by nearly 20 percent next year, marking the sixth consecutive year of decreases, according to a statement from the Tennessee Department of Commerce and Insurance. TDCI Commissioner Julie Mix McPeak approved a 19 …
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, appointed Moroni Rodrigues chief financial officer for the Southwest Region. Rodrigues will oversee the finance, treasury and accounting operations of MMA Southwest, which has offices throughout Texas …
