Latest Retail Headlines
All the headlines from our Retail Topic Page, ordered by recency.
Not your father’s wholesaler
Nov 19 2006 // Much is said about retail agents having to change with the times and stand out from the crowd to survive. But what about wholesalers? Wholesale brokers are also trying to differentiate themselves, hoping retail agents will...
Wal-Mart Expands $4 Generic Drugs to 11 More States
Nov 17 2006 // Wal-Mart Stores Inc. is expanding its $4 generic prescription program to 11 additional states and adding 17 more prescriptions to the program. The world’s largest retailer added 502 stores to those offering the...
Argonaut Group Launches Retail Furniture Store Program
Nov 16 2006 // San Antonio, Texas-base Argonaut Group’s Select Markets segment launched a new program for the retail furniture store marketplace. Highlights of the Retail Furniture Store Insurance Program include property coverage...
JLT Completes Sale of U.S. Retail Business to Alliant
Oct 19 2006 // The London-based broker Jardine Lloyd Thompson Group confirmed that the sale of its US based retail P/C Insurance and Employee Benefits businesses to Alliant Insurance Services, Inc. was completed after the close of...
Fed Survey Finds Easing of Credit Underwriting Standards
Oct 18 2006 // The Office of the Comptroller of the Currency’s annual Survey of Credit Underwriting Practices reports that competitive pressures have led to a third consecutive year of eased commercial and retail credit...
Alliant Buys U.S. Retail Business of Jardine Lloyd Thompson
Sep 8 2006 // Jardine Lloyd Thompson Group plc (JLT) said it has sold its U,S. based property and casualty insurance and employee benefits businesses to California-based Alliant Insurance Services, Inc. “The sale of the retail...
Surplus lines designation curriculum updated; good fit for retailers as well
Sep 4 2006 // After 10 years on the circuit, the surplus lines industry’s first designation has received a facelift. Beginning in January 2007, the Associate in Surplus Lines Insurance designation (ASLI) will be earned by passing...
Maryland Seeks Answers for Uninsured After Wal-Mart Law Nixed
Aug 6 2006 // With Maryland’s groundbreaking Wal-Mart health care bill declared invalid by a federal judge, state officials are re-examining their options for providing medical care to many of the almost 800,000 people who have no...
Wal-Mart Type Banks Put on Hold
Jul 30 2006 // Federal bank regulators have halted for six months any new approvals of the sort of industrial banks that Wal-Mart, Home Depot and 12 other companies are seeking to own. The Federal Deposit Insurance Corp. imposed the...
Judge Overturns Wal-Mart Health Care Spending Law
Jul 20 2006 // A first-of-its-kind state law that would have required Wal-Mart to spend more on employee health care in Maryland is invalid under federal law, a judge ruled Wednesday. The state law would have required non-governmental...
Fed Official Raises Concerns Over Wal-Mart Entry into Banking
Jul 14 2006 // A Federal Reserve official raised concerns this week about nonfinancial companies such as Wal-Mart and Home Depot establishing banks. Legislation to block such arrangements has been moving forward in the House. The two...
Effort to Block Wal-Mart, Berkshire Hathaway Banks Gaining Support
Jul 6 2006 // With Wal-Mart and Home Depot among a record number of companies awaiting federal approval to open banks, legislation to block this special kind of bank is gaining momentum, a senior House lawmaker said. Thirteen companies,...
Berkshire Hathaway, Wal-Mart Among 14 Firms Lining Up to Start Banks
Jul 5 2006 // Thirteen companies, a record number, have joined controversy-stirring Wal-Mart Stores Inc. in the pipeline for approval from federal regulators to establish a special kind of bank, agency records show. The companies, which...
Wal-Mart to court: nix Maryland’s employee health benefit law
Jul 3 2006 // Wal-Mart and other retailers challenged Maryland’s new law requiring Wal-Mart to spend more on employee health care, arguing before a Baltimore judge recently that only the federal government may dictate health...
Wal-Mart to court: nix Maryland’s employee health benefit law
Jul 3 2006 // Wal-Mart and other retailers challenged Maryland’s new law requiring Wal-Mart to spend more on employee health care, arguing before a Baltimore judge recently that only the federal government may dictate health...
Wal-Mart Argues Against Maryland Law Ditctating Benefits
Jun 25 2006 // Wal-Mart and other retailers challenged Maryland’s new law requiring Wal-Mart to spend more on employee health care, arguing before a Baltimore judge last week that only the federal government may dictate health...
Oil Well Discovered at Construction Site for Convenience Store in Okla.
Jun 9 2006 // Construction crews building a convenience store in south Tulsa, Okla., have discovered an abandoned oil well while digging a hole for gas storage tanks. The strange discovery was made recently when the crews broke open the...
Louisiana Retailers Mutual Upgraded by A.M. Best
May 26 2006 // Louisiana Retailers Mutual Insurance Company, a workers’ compensation insurance provider, announced it has been upgraded to an “A-” (Excellent) rating by A.M. Best Company. The company said the rating...
Retailers challenge benefit mandates in Md., N.Y.
Feb 20 2006 // A group of retailers has filed suits challenging laws in Maryland and New York that were enacted to pressure employers to spend a minimum amount on their employees’ health benefits. The Retail Industry Leaders...
N.H. House Kills Wal-Mart Bill
Feb 16 2006 // The New Hampshire House soundly rejected a bill Wednesday that would make the state’s largest employers spend 8 percent of their payroll on health insurance. The House voted 212-128 to kill the proposal aimed at...
