Mercury Insurance, a multi-line insurance organization operating in 13 states, is offering a new commercial auto insurance product it says uses technology to enable its independent agents to more easily rate, qualify and issue new business.
Arthur J. Gallagher & Co. acquired Capital Bauer Insurance Agency, an Albany, N.Y.-based retail insurance broker allowing it to significantly expand its Upstate New York presence.
Attorneys general from 11 states and Washington, D.C., have filed court papers in the federal health reform law case, arguing that the individual mandate forcing all Americans to buy health insurance, starting in 2014, is constitutional.
The U.S. Securities and Exchange Commission accused an Illinois-based investment advisor with offering to sell fictitious securities on LinkedIn, the social networking site.
Arthur J. Gallagher & Co. acquired a Tallahassee, Fla.-based employee benefits communication and enrollment firm as it seeks to expand in the voluntary benefits market.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.