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Broker Buzz

by Mark A. Hofmann
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Personal lines rates up 3% in November

10:17 am, Dec. 8

Personal lines insurance rates rose an average of 3% in November, according to Dallas-based electronic insurance exchange MarketScout.In an analysis released Friday, MarketScout found that rates for homes with a value under $1 million rose 4%, while those with values greater than $1 million ...MORE


Personal lines rates up in October: MarketScout

Personal lines rates continued to rise during October, rising an average 3%, according to a survey released last week by Dallas-based electronic insurance exchange MarketScout.Rates for homeowners coverage on houses valued at less than $1 million increased 4%, while rates for more expensive houses ...MORE


Agent group scores 93% congressional victory rate

The Independent Insurance Agents & Brokers of America's political action committee, InsurPac, distributed more than $1.8 million in the 2014 campaign cycle, which resulted in a 93% congressional victory rate, the Alexandria, Virginia-based producer group announced shortly after Tuesday's midterm ...MORE


Reagan Consulting producer hiring study finds problems

1:16 pm, Oct. 21

Independent insurance agents and brokers posted a 56% success rate in producer hiring in the past five years, although the hiring performance of the top and bottom firms varied widely, found a new study from Atlanta-based Reagan Consulting. Reagan Consulting's Producer Recruiting & Development ...MORE


Greg Case makes Harvard Business Review list of top CEOs

9:29 am, Oct. 16

Aon P.L.C. President and CEO Gregory Case has been named one of the 100 best-performing CEOs in the world by the Harvard Business Review.Mr. Case, who ranked 69th on the list, has been at Aon's helm since 2005. According to the publication, “the knock on most business leaders is that they ...MORE


Personal lines rates up yet again

Even as the rates for commercial property/casualty lines had decelerated, rates for personal lines continued their upswing in September, according to a recently released analysis by Dallas-based electronic insurance exchange MarketScout.MarketScout found that homeowners insurance rates for houses ...MORE


Gallagher acquires New York broker

Arthur J. Gallagher & Co. has acquired New York-based Hagedorn & Co.Terms of the transaction were not disclosed.Founded in 1869, Hagedorn is a retail insurance broker providing property/casualty, risk management, group benefits and personal lines insurance products and services for commercial and ...MORE


Gallagher expands in Connecticut

Arthur J. Gallagher & Co. has acquired Everett James, Inc. located in Ridgefield, Connecticut, Itasca, Illinois-based Gallagher announced this week. Terms of the transaction were not disclosed.Everett James offers employee benefits consulting and brokerage services primarily for large and middle- ...MORE


Personal lines rates rise, but only slightly

1:29 pm, Sep. 5

A slowly of rate increases seen in the commercial lines insurance sector is beginning to show up in personal lines as well.A report issued Friday by Dallas-based electronic insurance exchange MarketScout found that U.S. personal lines insurance rates rose an average of only 2% in August. For homes ...MORE


NFP acquires two New England brokerages

National Financial Partners Corp. has expanded its business in New England with a pair of brokerage acquisitions.NFP closed the acquisition of Poulos Insurance Inc.,which has 19 offices in Massachusetts, New Hampshire and Vermont on Aug. 4. Four days later, NFP closed the acquisition of Boston- ...MORE


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