News

Markel Insurance Company has announced the acquisition of Agri-Risk Services Inc., an equine retail specialty agency in Overland Park, Kan. Financial terms were not disclosed.

Economic cycles and underwriting cycles historically have little connection with one another, an industry expert said at a gathering of surplus lines insurers and brokers here.

National Underwriter named the three winners today in the publication's eighth annual "Commercial Insurance Agency of the Year" award program.

Fitch Ratings said the outlook for the U.S. title insurance industry remains negative, following deterioration in market fundamentals and material reductions in capital.

Efforts to create a regional meeting format for captive insurance companies is seeing results with Arizona and Utah agreeing to form the Western Region Captive Insurance Conference (WRCIC) for 2010.

Federal Reserve Chairman Ben Bernanke declared that the recession is "very likely over," but the pace of recovery will be uneven across states and industries, according to a leading insurance industry economist.