HCC Specialty Houston-based HCC Insurance Holdings Inc. is combining its Professional Indemnity Agency (PIA), HCC Public Risk and HCC Specialty Underwriters units under a newly created underwriting division, HCC Specialty. HCC Specialty will be led by Bill Hubbard as CEO. …
J. Michael “Mike” Miley of Indiana-based Gibson Insurance Group was installed as chairman of the Independent Insurance Agents & Brokers of America (the Big “I”). Miley began his insurance career in 1973 and joined Gibson Insurance Group in 1983. He …
Voters in the state of Washington have rejected a measure to inject private insurer competition into the state’s workers’ compensation system. The insurance industry hoped to open up the state’s workers’ compensation insurance system to the private market and eliminate …
With the first of 77 million baby boomers nearing retirement age in 2011, assisted living facilities and nursing home facilities will play a more important role than ever before. About three million Americans will require long term and post-acute care …
$75 Million The federal oil spill liability cap that BP has now said in court documents that it will waive. BP urged other defendants in the case, including Transocean Holdings LLC and Anadarko Petroleum Corp. to also waive the liability …
North Carolina’s medical costs per workers’ compensation claim were among the highest in a study of 15 states, according to a new report. The study by the Cambridge, Mass.-based Workers Compensation Research Institute (WCRI) said that several factors led to …
Aon, Hewitt Associates Aon Corp. said it will cut 1,500 to 1,800 jobs over the next three years after acquiring Hewitt Associates. Aon expects to save $355 million per year, including $280 million per year by eliminating jobs. The cuts …
Agents, Brokers Will Have Even Bigger Part in State Fund’s Distribution Strategy In the ever controversial topic of workers’ compensation insurance in California, State Compensation Insurance Fund President and CEO Tom Rowe seemingly offers a bit of Zen. Rowe, who …
Insurance Agency Marketing Requires Careful Planning and Constant Implementation A revolution is underway that is having dramatic effects on insurance agencies, and the entire world. In the simplest terms, no one wants to do anything they don’t want to do. …
$300,000 Amount members of the Independent Insurance Agents and Brokers of Washington have put toward the campaign to pass Washington voter initiative I-1082. The initiative would open up the state workers’ compensation insurance system to the private market. Currently, the …
