Arthur J. Gallagher & Co. is pleased to announce that 15 of its retail property/casualty insurance brokers have been recognized as Power Brokers(TM) by Risk & Insurance magazine in a special issue published on February 20, 2009. Honorees were selected primarily based upon the creative and innovative accomplishments they achieved with one or more clients [...]

ProspX, Inc., the leader in on-demand collaboration and automation solutions for the commercial insurance industry, announced that it has teamed with Assurex Global, which represents $28 billion in annual premium volume, to deliver Assurex Global XpertConnect™. Assurex Global is using the ProspX platform to connect brokers, agencies and carriers in over 80 countries around the [...]

Abacus Insurance Brokers, Inc., a Los Angeles-based program manager that distributes specialty insurance products online through, has enhanced its portfolio of production programs to include stunt coverage. This is the first time stunt coverage has been offered online by any program manager or insurance carrier.
The stunt option provides coverage for such stunts as fight scenes, [...]

Electric Insurance Company, a national provider of auto, homeowners, condominium, and renters insurance, announced today that it has appointed Southwest Insurance Brokers, a full service personal lines insurance agency, as an independent agent for the marketing of its personal lines insurance products to the greater Phoenix, Arizona market. The agency was licensed to distribute these [...]

Size matters, according to a new report on the insurance brokerage market by Advisen Ltd. As a result, the frenetic pace of consolidation in the brokerage sector will be only temporarily slowed by the global economic recession.
“Large brokers enjoy certain advantages of scope and scale,” said John Molka III, the author of the report. “At [...]

ICW Group Insurance Companies, which partners with 3,800 agents and brokers across the United States, is now offering workers’ compensation insurance in the state of Illinois.
The super-regional carrier’s industry-leading claims services and forward-thinking risk management has helped thousands of companies create a safe and productive work environment, while lowering the costs associated with workers’ compensation [...]

Drivers under 21 are frequently horrified by the huge premiums quoted by insurance companies when they buy their first car. A 17 year old male driver will pay up to nine times more than a 25 year old to insure a similar car, in the same post code area; and fourteen times more than a [...]

Despite the downturn in the economy, the multibillion dollar global insurance brokerage business held steady, for the most part, in terms of brokerage revenues in 2008. Best’s Review’s annual Top Global Insurance Broker ranking reports Aon Corp. as the No. 1 global broker with $6.2 billion in brokerage revenues. No. 2 is Marsh Inc. with [...]

OneBeacon Insurance Group announced the formation of its newest specialty business – OneBeacon Energy Group, which targets upstream and midstream mid-market energy risks, as well as alternative and renewable energy sources.
Initial coverage offerings include monoline property, monoline general liability, and general liability combined with auto liability. These are available to the exploration and production, [...]

2009 IASA Educational Conference & Business Show –
News Facts
* Oracle Insurance today introduced Oracle® Revenue Management and Billing for Insurance, providing insurers the robust billing capabilities necessary to deliver streamlined, convenient billing, payment and collections processes, and improve service to customers and distribution channels.
* Oracle’s new solution [...]