Agency Management

Chicago-based insurance broker Hub International Ltd. said it has acquired Meier Insurance Agency of Bothell, Wash. Transaction terms were not released.

Allstate regional offices in seven states over the past three months have announced they are seeking 295 agents to open new offices, a tally of recent announcements shows.

Rates in the transportation insurance segment continued to level off through the 2009 first quarter, even as the number of new entrants increased, according to a new survey.

Cuts to the Terrorism Risk Insurance Act proposed by the Obama administration would do serious harm to the availability of terrorism insurance, a report from insurance broker Aon said.

Despite continued increases in health insurance costs, few employers are considering getting rid of the programs, viewing them as an important employee benefit, a survey from the Council of Insurance Agents & Brokers found.

A hard insurance market may not be on the horizon any time soon, according to wholesale line executives, but no signs of pessimism were evident among attendees of this year's meeting of the American Association of Managing General Agents.