News

The Commercial Insurance Agency of the Year Award program, run for the past eight years exclusively by National Underwriter, is being expanded and managed in partnership for the first time.

Insurers are now able to file a single report to multiple state insurance departments through ISO and the National Insurance Crime Bureau, it was announced.

Soft market rates for the commercial property and casualty insurance sector show little evidence they will change in the near future, according to the Council of Insurance Agents & Brokers.

Sydney, Australia-based QBE Insurance Group Limited announced that it has agreed to acquire NAU Country Insurance Company, a crop insurer, for $565 million, highlighting a diversification goal as an impetus for the deal.

Declaring that the company has learned its lesson from the economic crisis, The Hartford's chief executive officer outlined a new strategy for growth while putting enterprise risk management front and center.

AmWINS Group Inc. has acquired Colemont Insurance Brokers in Dallas, in a move that might make it the nation's largest wholesale brokerage, one consultant suggested. Financial terms of the transaction were not released.