A Boston, Mass.-based insurance brokerage and risk management firm acquired its second independent insurance agency this year as part of its growth strategy in the Boston area.
Chicago-based Old Republic International Corp. has announced its intent to acquire PMA Capital Corp. of Blue Bell, Pa., for $365 million, pending all approvals.
Travelers introduced the mobile version of its e-CARMA risk management information system (RMIS) application to help business insurance customers access vital information anywhere and at any time.
Markel Insurance was selected by Boys & Girls Clubs of America (BGCA) to operate as the exclusive carrier for a countrywide property-casualty insurance program to help the organization control costs and more readily obtain optimal coverage.
GG-One Software unveiled Fastrack, a comprehensive package of tools to track insurance certificates and contracts online, through a local area network or a stand-alone desktop.
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.