Generational trends point to inherent differences and new business approaches
The market for small business insurance is evolving in many ways. With the number of small businesses on the rise, emerging risks and new products to cover those risks, and even shifting business models due to the pandemic, there are many opportunities for new small commercial sales.
Congressman John Garamendi (D-CA) has introduced the “Primary Regulators of Insurance Act” with Congressman Barry Loudermilk (R-GA). Congressman Garamendi served as California’s first-ever elected State Insurance Commissioner from 1991 to 1995, and again from 2003 to 2007. Congressman Loudermilk is a senior member of the House Committee on Financial Services. The “Primary Regulators of Insurance […]
Consider what you would do if you were driving down the road at 45 mph and lost visibility for six seconds-barreling forward, no breaking, no slowing down, no ability to see. This is essentially what happens 13 times a day for the average driver according to new data released by Nationwide1. “What kind of damage […]
Alexander Goldinsky staged a ham-fisted slip-and-fall on ice in a company cafeteria, then tried to wriggle out by seeking pre-trial intervention that could’ve led to the insurance fraud charges being dropped. No go, the New Jersey court ruled. Goldinsky was sentenced to two years of probation plus community service for insurance fraud. The Randolph man […]
Court sides with BIG “I” in Win for Agents and Brokers
Onerous and Confusing Regulation 187’s Controversial “Best Interest” Standard Called “Unconstitutionally Vague”
The New York Supreme Court handed a big win to the BIG “I” and to agents and brokers in the state as it reversed a 2019 ruling that the DFS was within its authority when it issued Regulation 187. Regulation 187, went into effect on August 1, 2019.
MSO, Inc. (The Mutual Service Office, Inc.), is pleased to announce the promotion of two longtime employees to Vice President: Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE and Laura “Pepper” Treuvey, AU. Both are licensed property casualty producers. In addition, Mary Beegle has been promoted to Senior Product Development Analyst. Ms. Treuvey joined MSO […]
Mr. Steve Menzies, Chairman, Applied Underwriters, announced that the Company has received definitive regulatory approval from the Financial Conduct Authority (FCA), the United Kingdom’s governing body for insurance, banking and investment transactions, for the completion of Applied’s acquisition of Concept Special Risks (CSR), effective April 12, 2021. The acquisition, announced in February, will enable the […]
Matthew (Matt) Hudnall has joined Preferred Mutual Insurance Company (“Preferred Mutual”) as Senior Vice President, Underwriting. Hudnall will be responsible for providing leadership and strategic vision to the underwriting function, to product development initiatives, as well as agency partnership development. Hudnall brings to Preferred Mutual over 20 years of underwriting service experience, and operational and […]
Largest-ever partnership adds California to IMA’s expanding footprint, continues rapid growth trajectory IMA Financial Group, a North American insurance brokerage firm specializing in risk management, insurance, wholesale brokerage and wealth management, announced that it will partner with California-based Bolton & Company to expand its brokerage services to California. The transaction is effective May 1, 2021. […]
A Beacon International Group, Ltd. Member
