Tag: business insurance

Capital and Risk, Insurance

Why Banks Are Divesting Insurance Brokerages

August 18, 2023

Via: Bank Director

Bank acquisitions of insurance brokerages have been on a steady decline for the better part of 15 years. In 2007, these transactions represented approximately 21.7% of total announced insurance brokerage merger and acquisition (M&A) transactions. By 2012, that percentage dropped […]

Capital and Risk, Insurance

Restaurants Facing New Challenges These Days: Getting More From Insurance Coverage

September 15, 2022

Via: Insurance Journal

If the past two years have taught us anything, it’s that anything can happen. There are dozens of unforeseen possibilities that could leave your business financially liable or could otherwise discourage guests from returning. And in the restaurant industry, that […]

Activity, Capital and Risk, Credit, Insurance

AM Best Upgrades Credit Ratings of Members of Concord Group Insurance Companies

December 14, 2020

Via: Insurance Journal

AM Best has upgraded the financial strength rating (FSR) to A+ (superior) from A (excellent) and the long-term issuer credit ratings (long-term ICR) to “aa-” from “a+” for the members of Concord Group Insurance Companies, which is led by Concord […]

Activity, Insurance

South Carolina Business Owners Assess Damage After Protests

June 1, 2020

Via: Insurance Journal

Some business owners in Charleston, South Carolina, swept up broken glass, boarded windows and took stock of ransacked shelves Sunday morning after protests erupted into violence in South Carolina. Broken glass littered sidewalks outside storefronts in downtown Charleston, where restaurants […]

Activity, Insurance

Erie Insurance introduces new coverage to protect small businesses against cloud computing risks

June 27, 2016

Via: PR Newswire

More and more small and mid-sized businesses are using cloud computing, with the percentage expected to more than double from 37 percent today to 80 percent within the next six years.* Cloud computing helps companies save money by enabling them […]