Mystic Capital Advisors is a mergers and acquisitions group. Donoghue was at Target Markets 2004 to talk about agency value and the process of mergers and acquisitions. According to Donoghue, activity has picked up the last few years. However, due to market softening, expectations on the seller’s side have reached an all-time high. He advises any prospective buyer to dive into the risks of a purhase, and to avoid a deal when the risks are too high. Most aborted deals, he acknowledges, are due to sellers not being forthcoming about their business from the outset.
One of today’s biggest insurance trends is green insurance as businesses look at ways to become more sustainable and cut costs. According to underwriters, the regulatory environment for green is changing dramatically as well. For example, the Securities and Exchange Commission (SEC) is requiring publicly traded businesses now disclose their climate risks and what they’re [...]
Listen to agency owner Claudia McClain explain why even in today’s social media world success involves more than just putting up a Facebook Fan Page. Claudia explains how her agency has continued to grow and prosper even in this difficult economic time. Her secret – an agency culture built around strong customer service and a [...]
Commercial roofing, already complicated, is getting more so as new types and materials are being introduced. Kenneth R. Gilvary, a senior engineer with Dallas-based Haag Engineering, specializes in assessing roof losses for insurers. Gilvary says claims professionals need to keep up with how green technology, including vegetative rooftops, and new building standards are changing the [...]
Based in San Diego, Jack in the Box Inc. was founded in 1951 and is the first major fast-food chain that started as a drive-thru. Today, it has approximately 43,000 employees with more than 2,200 quick-serve restaurants in 18 states. In this episode, Jack in the Box deputy general counsel of 12 years, [...]
The Internet makes it easier to get into business but it also makes it easier to steal others’ ideas. The Web is also expanding the notion of what materials, images and designs need to be protected. Intellectual property attorney David Branfman advises agents on questions to ask clients about intellectual property exposures and warns about [...]
Moving companies face a number of exposures in their daily operations, including workers compensation, cargo, fleet and general liability. Priority Moving in San Diego, Calif. is no exception. A Wheaton Van Lines agent, Priority Moving has created a series of internal procedures, reinforced by a strong employee screening process and training program. Analytics software [...]
Florida Private Sector Summit on Property Insurance sponsored by Demotech and Insurance Journal
Just one year into the making, the Real Time/Download Campaign (http://www.getrealtime.org), a campaign to improve the efficiency of communications between independent agents and carriers, is making progress but there’s more work to be done, supporters say.
C.V. Starr & Co. Chairman Maurice “Hank” Greenberg has been on the world insurance stage for