All the headlines from our Retail Topic Page, ordered by recency.
Aug 3 2009 // Insurance brokerage mergers and acquisitions in the second quarter of 2009 was nearly half of what is was during the second quarter of 2008. Just 39 transactions were announced from April through June compared to last year...
Jun 26 2009 // The British Retail Consortium (BRC), the leading trade organization for UK retailers, and Willis Limited, the UK arm of Willis Group Holdings, jointly announced the formation of a “strategic alliance that offers a...
May 11 2009 // Wal-Mart agreed Wednesday to pay nearly $2 million and improve safety at its 92 New York stores as part of a deal with prosecutors that avoids criminal charges in the trampling death of a temporary worker last year.Nassau...
Feb 24 2009 // Relatives of a worker trampled to death in a crush of post-Thanksgiving bargain-hunters at a New York Wal-Mart have filed court papers indicating they intend to sue Nassau County and its police department. A notice of...
Feb 8 2009 // The independent insurance agency system is enjoying a resurgence. For years, the number of agencies in the country had been declining but that trend, while not reversed, has been halted. The number in 2008 was 37,500...
Jan 6 2009 // Fireman’s Fund Insurance Co. is introducing the first coverage for retailers that experience a breach of their payment card security system.According to the insurer, a single breach of a payment card security system...
Dec 19 2008 // Retail insurance agents and wholesale brokers are working on a plan to streamline how they do business together including improving electronic applications, electronic interfaces between the parties, and general agent Web...
Oct 27 2008 // A Coeur d’Alene, Idaho, man who said his hand was permanently injured when his gun exploded is suing a rifle-making company, a bullet manufacturer and Wal-Mart. James Monette filed the lawsuit against rifle-maker...
Sep 18 2008 // Arkansas Attorney General Dustin McDaniel has begun issuing subpoenas over spikes in fuel prices at 52 gas stations around the state as Hurricane Ike approached the Texas coast.McDaniel said more than 1,450 people phoned...
Sep 1 2008 // There is an old saying in the insurance industry that goes something like this: “Please, God, give me one more hard market and I won’t let it slip away.”Of course, in today’s soft market, few of us...
Aug 6 2008 // The Court of Appeal of California has ruled that a retailer must remove architectural barriers that prohibit disabled individuals from accessing merchandise, or must adopt alternative methods for making its merchandise...
Aug 4 2008 // Like trapeze artists performing without a net, surplus lines specialists operate without the backing of the state guaranty fund, which picks up the pieces for insureds if their admitted insurer goes belly-up.But some think...
Aug 4 2008 // Gary Pullen, executive director, and the staff of the Florida Surplus Line Service Office supplied answers to 10 + 1 questions posed by Insurance Journal.1. Can a Florida licensed retail or producing agent also be licensed...
May 5 2008 // Like the love-lorn users of match.com, independent agents hunting for business partners among surplus lines wholesalers and managing general agents are thinking long-term, not short.They are looking for partners who will...
Apr 21 2008 // Certificates — not again. Haven’t we heard enough about this topic?Apparently not. Certificates are issued for all sorts of insureds, but contracting risk is the most dangerous of them all. Why does the contractor...
Dec 21 2007 // Texas Mutual Insurance Company announced a $129,320 dividend to the Texas Petroleum Marketers and Convenience Store Association (TPCA) workers’ compensation purchasing group today. The group’s first dividend...
Sep 24 2007 // The surplus lines industry is never boring, never plain and certainly never black and white. Often dubbed as the innovator of new insurance products, the industry could even be considered colorful when it comes to the...
Aug 23 2007 // Tests of two Chinese brands of dog treats sold at Wal-Mart stores found traces of melamine, a chemical agent that led to another massive pet food recall in March, a spokeswoman said Aug. 21.Wal-Mart quietly stopped selling...
Aug 22 2007 // Wal-Mart Stores Inc. quietly stopped selling two brands of dog treats in July, after customers voiced concerns that the Chinese products may have caused their pets to fall ill, but no recall has been announced, a company...
Jun 21 2007 // A former Wal-Mart pharmacist who claimed she was fired after asking to be paid the same as her male colleagues won a nearly $2 million award against the retail giant this week in Massachusetts.A Berkshire Superior Court...