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Broker Buzz

by Mark A. Hofmann
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Personal lines rates rise slightly

1:48 pm, Feb. 6

The composite rate for U.S. personal lines policies that were placed in January 2014 rose only 2%, according to an analysis released Wednesday by MarketScout.The Dallas-based electronic insurance exchange reported that rates for homes valued at less than $1 million, personal automobile and personal ...MORE

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AssuredPartners acquires aviation specialist

12:52 pm, Jan. 15

AssuredPartners Inc's Dawson Cos. platform, has completed the acquisition of Richmond, Va.-based InSight Aviation Insurance.InSight Aviation specializes in property and casualty insurance and risk management services for aviators and aviation businesses, from individual aircraft owners to ...MORE

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InsurPac raises more than $1 million

8:38 am, Jan. 8

The Independent Insurance Agents & Brokers of America's political action committee—InsurPac--raised a total of $1,007,668 during the 2013 calendar year, the producer group announced Tuesday.“Surpassing the one million dollar mark in one year is an important accomplishment for InsurPac, ...MORE

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Personal lines rates up 3% in December

11:50 am, Jan. 7

Personal lines property/casualty insurance rates rose an average of 3% in December 2013 over those of the same month a year earlier, Dallas-based electronic insurance exchange MarketScout reported late Monday.Houses valued at more than $1 million experienced the greatest increase at 5%, while those ...MORE

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A flurry of M&A activity ushers in 2014

Out with the old, in with the new. During the past few days, major brokerages have honored this ancient bit of New Year’s advice by emphasizing the new by with a series of acquisitions.Arthur J. Gallagher & Co., for example, has acquired Springfield, Mo.-based Jenkins and Associates, ...MORE

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Marsh & McLennan announces military veteran hiring program

Marsh & McLennan Cos. Inc. announced this week that it is committed to hiring 500 U.S. veterans over the next three years.The company said its Veterans Talent Initiative will focus on recruiting U.S. veterans and providing them with resources to help build successful civilian careers. “We are ...MORE

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Study: Agency profitability up

There has been an increase in agencies with specializations, expansion of technology investment and an increase in profitability across most of the study's six revenue groups, according to the Independent Insurance Agents & Brokers of America's 2013 Best Practices Study released Thursday.“The ...MORE

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Aon's McGill honored

Steve McGill, group president of Aon P.L.C., has been recognized with the BritishAmerican Business Innovation Award for 2013.p>Each year, BritishAmerican Business presents Transatlantic Business Awards to the leaders of two multinational companies for their leadership in transatlantic business. It ...MORE

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Rate of personal lines rate increases slows

Personal lines property/casualty insurance rates rose by an average 3% in October over those of October 2012, according to Dallas-based electronic insurance exchange MarketScout.That compares with a 4% raise in September, and show that personal lines underwriters are “beginning to relax ...MORE

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AssuredPartners, Gallagher announce acquisitions

AssuredPartners Inc., through its subsidiary AssuredPartners of New Jersey, has acquired Wilkes-Barre, Pa.-based Eastern Insurance Acquisition Agency, L.L.C. which does business as Eastern Insurance Group. The agency specializes in commercial insurance, personal insurance and life, health and ...MORE

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