Latest Retail Headlines
All the headlines from our Retail Topic Page, ordered by recency.
Massachusetts Court Upholds $2M Award to Wal-Mart Pharmacist
Oct 6 2009 // The highest court in Massachusetts has upheld a $2 million jury award to a former pharmacist at Wal-Mart Stores Inc. who claimed she was fired by the retail chain after asking to be paid the same as her male...
Marsh Finds Europe’s Retailers Fear Working Capital, Supply Chain Risks
Aug 28 2009 // New research by Marsh has found that senior executives at Europe’s leading retail and consumer brands businesses will be concerned by risks such as cash flow, credit risk and trade credit over the next 18 months. An...
Louisiana Retailers Mutual Converts to Holding Company System
Aug 11 2009 // Louisiana Retailers Mutual Insurance Company, a workers’ compensation insurer, has received regulatory approvals from the Arkansas, Louisiana and Mississippi departments of insurance to convert to a mutual insurance...
M&A Activity Continues at a Snail’s Pace Compared to 2008
Aug 3 2009 // Insurance brokerage mergers and acquisitions in the second quarter of 2009 was nearly half of what is was during the second quarter of 2008. Just 39 transactions were announced from April through June compared to last year...
Willis Forms ‘Strategic Alliance’ with British Retail Consortium for Insurance
Jun 26 2009 // The British Retail Consortium (BRC), the leading trade organization for UK retailers, and Willis Limited, the UK arm of Willis Group Holdings, jointly announced the formation of a “strategic alliance that offers a...
Wal-Mart Pays $2M to Avoid Charges in New York Death Probe
May 11 2009 // Wal-Mart agreed Wednesday to pay nearly $2 million and improve safety at its 92 New York stores as part of a deal with prosecutors that avoids criminal charges in the trampling death of a temporary worker last year. Nassau...
Kin of Wal-Mart Stampede Victim to Sue New York County
Feb 24 2009 // Relatives of a worker trampled to death in a crush of post-Thanksgiving bargain-hunters at a New York Wal-Mart have filed court papers indicating they intend to sue Nassau County and its police department. A notice of...
Start-Up Stories: How New Agencies Are Competing
Feb 8 2009 // A Crop of Newly-Formed Agencies Is Defying the Hard Economy and Soft Market The independent insurance agency system is enjoying a resurgence. For years, the number of agencies in the country had been declining but that...
Fireman’s Fund Insures Payment Card Security Breach for Retail Stores
Jan 6 2009 // Fireman’s Fund Insurance Co. is introducing the first coverage for retailers that experience a breach of their payment card security system. According to the insurer, a single breach of a payment card security system...
Retail, Wholesale Insurance Brokers Working on Electronic Transactions
Dec 19 2008 // Retail insurance agents and wholesale brokers are working on a plan to streamline how they do business together including improving electronic applications, electronic interfaces between the parties, and general agent Web...
Idaho Man Sues Weapon Makers, Wal-Mart Over Injury
Oct 27 2008 // A Coeur d’Alene, Idaho, man who said his hand was permanently injured when his gun exploded is suing a rifle-making company, a bullet manufacturer and Wal-Mart. James Monette filed the lawsuit against rifle-maker...
Arkansas AG Subpoenas Gas Retailers for Ike-Related Price Spikes
Sep 18 2008 // Arkansas Attorney General Dustin McDaniel has begun issuing subpoenas over spikes in fuel prices at 52 gas stations around the state as Hurricane Ike approached the Texas coast. McDaniel said more than 1,450 people phoned...
Wholesaler Value is a Story That Needs to Be Told
Sep 1 2008 // Soft Market or Not, Stay Focused on Providing Superior Service, Value to Agents There is an old saying in the insurance industry that goes something like this: “Please, God, give me one more hard market and I...
California Appeals Court: Retailers Must Provide Disabled Access
Aug 6 2008 // The Court of Appeal of California has ruled that a retailer must remove architectural barriers that prohibit disabled individuals from accessing merchandise, or must adopt alternative methods for making its merchandise...
Reducing the Risk in Florida Surplus Lines
Aug 4 2008 // Build Relationships, Advises FSLA Board Member O’Leary Like trapeze artists performing without a net, surplus lines specialists operate without the backing of the state guaranty fund, which picks up the pieces for...
What Retail Agents Need to Know to Access Florida Surplus Lines
Aug 4 2008 // 10 +1 Questions of Advice for Agents Thinking of Sticking Their Toes into Florida’s Surplus Lines Waters Gary Pullen, executive director, and the staff of the Florida Surplus Line Service Office supplied answers to...
Match-making: What Retail Agents Want From Wholesalers and MGAs
May 5 2008 // Exclusive Insurance Journal survey: successful relationships depend on markets and service in soft or hard cycle Like the love-lorn users of match.com, independent agents hunting for business partners among surplus lines...
Contractors and Certificates of Liability Insurance
Apr 21 2008 // Your E&O claim waiting to happen Certificates — not again. Haven’t we heard enough about this topic? Apparently not. Certificates are issued for all sorts of insureds, but contracting risk is the most...
Workers’ Comp Dividend Earned by Petroleum Marketers and Convenience Store Group
Dec 21 2007 // Texas Mutual Insurance Company announced a $129,320 dividend to the Texas Petroleum Marketers and Convenience Store Association (TPCA) workers’ compensation purchasing group today. The group’s first dividend...
The CHANGING FACE of Surplus Lines Brokers
Sep 24 2007 // The surplus lines industry is never boring, never plain and certainly never black and white. Often dubbed as the innovator of new insurance products, the industry could even be considered colorful when it comes to the...
