There were 110 announced mergers and acquisitions of insurance agencies in the U.S. and Canada in the first four months of 2014, the strongest showing of any comparable period for at least seven years, OPTIS Partners’ new survey reveals. “While it’s still early, 2014 could surpass the record set in 2012 if the rest of […]
M&A A’ GO•GO M&A Scoreboard, Q1’14 By Adam Cancryn and Jan Haider Kiani The underwriter space logged a total of $4.4 billion in M&A transactions in the first three months of 2014, by far the highest first-quarter total in four years. The deals ranged across all sectors and specialties; private equity firms swooped in for […]
PIANY – NJ 75th Just Ahead Sad news. Ken Pollack wrote to advise of the passing of Joseph Costa, a lifelong insurance professional who became a leading volunteer in the IIABNY and its several affiliated chapters. Joe was President of Queens and Kings County Association in 1979 – 1980, a member and President of the […]
EXTRA! EXTRA! Read it Here First! Certain information about the insurance business in New York is being exclusively presented here for the very first time! This information is not otherwise publicly available and was mined from the Department of Financial Services through the magic of the Freedom of Information Law (FOIL), with the help of […]
Outrage: DMV’s Internet I-PIRP Program Fails By William Bonds, President, Empire Safety Council It is outrageous that the Department of Motor Vehicles is considering renewing the Internet-Point/Insurance Reduction Program (I-PIRP) based on fraudulent and flawed studies coupled with failed User/Identity Validation measures. The impact of these fraudulent research studies diminish the credibility of the Department […]
Agents and CSRs Must Remind People of the Value We Offer Them The relationship between the independent agent and the insured is one of, if not the most, important things we offer our clients. We work or live right down the road; we have a familiar face; and we work with our clients always on […]
IIABNY Taps Suffolk County Insurance Agent to be Chair of the Board Riverhead, N.Y.—Insurance agent James D. Sutton, CPCU, AAI, CIC led the list of officers elected by members of the Independent Insurance Agents & Brokers of New York, Inc. New York’s oldest insurance producer trade association installed Sutton as chair of the board at […]
PIA’s Launches Company Performance Surveys GLENMONT, N.Y.—The Professional Insurance Agents of Connecticut, New Hampshire, New Jersey and New York State launched their Company Performance Surveys on Monday, May 5, 2014. Each survey, available through June 30, 2014, gauges insurance producers’ views of the companies they represent in their respective states. Independent agents will rate the […]
Extending TRIA Ensures Workers’ Comp Availability WASHINGTON, DC – The Coalition to Insure Against Terrorism (CIAT), which represents business consumers of terrorism risk insurance across a broad range of industries welcomed the findings of a new RAND Corporation study that confirmed the Terrorism Risk Insurance Act (TRIA) is critical to ensuring the availability of workers’ […]
Independent Insurance Agents & Brokers of New York Present Awards Riverhead, N.Y.— The Independent Insurance Agents & Brokers of New York recognized excellent performance by insurers, a local trade group, volunteers and associates during its May convention. Acting for the final time in his capacity as IIABNY chair of the board, Andrew Kaufman presented the […]
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