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Member Insurance Agency names new CEO

BY Brae Canlen

Member Insurance Agency, a supplier of insurance policies to independent hardware stories, LBM dealers, garden centers, co-ops and other retail organizations, has named Scott Reynolds as its new CEO and president. 

Until recently, Reynolds was president of United National Group, a specialty insurance company. Prior to United National, Reynolds served as president of the Specialty Underwriting Division of AmWINS Group Inc., overseeing its program business from 2006 to 2008. Altogether, Reynolds has 25 years of experience in the insurance industry. 

John Fix, owner of Cornell’s True Value and chairman of the board of directors of Member Insurance Agency, said: “We look forward to Scott’s leadership as we continue the Member Insurance tradition of providing excellent service to independent hardware and home center business owners.” 

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D.Johansen says:
Apr-01-2012 05:13 pm

It is interesting that
It is interesting that similarly the Insurance Center of New England, an independent agency headquartered in Massachusetts, promoted William Trudeau to the position of president and CEO. Dean Florian, who has been serving as the firm’s prepaid cell phones president, has assumed the role of chairman of the board of directors. Interesting article.

P.Banik says:
Mar-12-2012 09:33 am

We do need insurance covers
We do need insurance covers for many reasons. But while getting one you must go for a reputed insurance company. Mostly we focus on life insurance, health insurance and home insurance. But there are other ares which need to be insured too. Such as for cars you need Car Insurance.

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Worthington buys BernzOmatic

BY HBSDEALER Staff

Worthington Industries, Inc, announced its acquisition of BernzOmatic, a manufacturer and marketer of hand-held torches, solder, and related items, from Irwin Industrial Tool Company. Specifically, the acquisition was made by the Pressure Cylinders segment of Worthington Industries. BernzOmatic manufactures from locations in Medina, N.Y., and Winston-Salem, N.C.

The purchase is expected to benefit Worthington by expanding the company’s range of products, as well as contributing to the already established hand-held torch cylinder business of Worthington Cylinders. Additionally, the purchase of BernzOmatic will offer Worthington access to international markets and to the plumbing wholesale channel. Worthington Industries also expects to benefit from BernzOmatic’s strong brand recognition.

John McConnell, chairman and CEO of Worthington Industries, said, "This acquisition accelerates our growth in the hand torch business with an established retail brand and gives us access to additional international distribution channels.” 

“We can now offer customers the benefit and opportunity to purchase Worthington’s hand torch cylinder and the BernzOmatic hand torch and accessories from the same manufacturer,” said Harry Goussetis, president of Worthington Cylinders. “In addition to its strong brand, BernzOmatic has a history of product innovation. We anticipate enhancing that legacy with our manufacturing capabilities and expertise to grow existing and new product categories.”

— Allison Har-Zvi

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AHMA Survey says: Eliminate red tape

BY Allison Har-Zvi

As part of its June Industry Confidence Index, the American Hardware Manufacturers Association posed two additional “hot topic” survey questions to its members, regarding members’ opinions of the passage of the proposed Jobs and Energy Permitting Act and of free trade agreements with Colombia, Panama, and South Korea.

The first question asked: “H.R. 2021, The Jobs and Energy Permitting Act, proposes to eliminate red tape, bureaucratic delays and prolonged litigation to obtain permits currently common under the Clean Air Act. Specifically, it would allow for the increased development of domestic energy off the coast of Alaska. Do you support passage of this act?” The response from AHMA members was largely positive, with 84% in favor, 16% unsure and 0% against the act. 

Members also responded affirmatively to the second question: “Governmental action on free trade agreements with Colombia, Panama and South Korea has been postponed at least until July, and perhaps until after the August recess. Are you in favor of enactment of these agreements?” To this question, 52% answered “Yes,” 44% “Not Sure” and 4% “No.”

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