Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Commercial Insurance Rates, Except Auto and Flood, Still Falling: CIAB
Oct 29 2015 // Commercial property/casualty insurance prices continued to decline moderately — an average of 3.1 percent— during the third quarter, according to a survey by The Council of Insurance Agents & Brokers. The CIAB...
Texas Insurance Agent, Another Man Sentenced for Ponzi Scheme
Oct 28 2015 // Two North Texas men, one of whom is a licensed insurance agent, have been sentenced to five-year prison terms and must repay nearly $2.4 million solicited in a Ponzi scheme, according to U.S. Attorney John Parker of the...
California DMV Agreement Changes How Motor Vehicle Records Are Handled
Oct 28 2015 // California agents and brokers are being notified of a new change to how they can handle motor vehicle records. An agreement between representatives from the insurance industry and the California Department of Motor...
Sen. Warren Criticizes Legal ‘Kickbacks’ to Annuity Sales Agents
Oct 28 2015 // U.S. Senator Elizabeth Warren said 13 major U.S. life insurers had admitted to using incentives such as expensive vacations and gifts, which could encourage agents “to put their own interests ahead of their...
Hiscox USA Names Wong as National Broker Manager, Bailey as Southwest Executive
Oct 26 2015 // Specialty insurer Hiscox has appointed Rick Wong as National Broker Relations manager and David Bailey as Southwest regional executive for Hiscox USA. Wong previously served as regional manager for Hiscox USA. In his new...
Reinsurance Broker TigerRisk Hires Ex-AIG, Hanover Exec. Bensinger as Adviser
Oct 26 2015 // TigerRisk Partners has hired insurance-industry veteran Steven Bensinger, who oversaw American International Group Inc.’s finances during the early part of the global credit crisis, to advise clients. Bensinger,...
Big ‘I’ Adds Webb to Capitol Hill Team
Oct 22 2015 // Jennifer Webb has joined the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) Capitol Hill team as federal government affairs counsel. Webb joins the association’s bipartisan...
XS Brokers Announces 5 New Hires in Massachusetts
Oct 20 2015 // XS Brokers, a wholesale brokerage based in Quincy, Massachusetts, announced the following five new hires. Sean McVicker joined XS as broker. McVicker comes from AmTrust E&S where he was casualty broker placing general...
Farmers Insurance Agrees to Settle Missouri No-Call Lawsuit
Oct 20 2015 // California-based Farmers Insurance has agreed to pay Missouri $575,000 to settle a lawsuit claiming its agents violated state telemarketing laws. Attorney General Chris Koster said that is the largest amount ever paid to...
E&O Insights: How Well Are You Managing Your Agency’s Commercial Lines Accounts?
Oct 19 2015 // Ask errors and omissions (E&O) carriers about their results when dealing with commercial lines shops and most, if not all, would comment that heavy commercial lines agencies definitely generate their share of E&O...
Just My Analytical Opinion
Oct 19 2015 // How risky is that driver with that car? What are the odds a house will flood while a house one street over will not? How do all these variables come into play when setting a rate? What price will allow an insurance company...
Industry Chasing Mobile Consumers with Ads, Apps, Self-Service Options
Oct 19 2015 // Carriers are spending big on advertising, and agencies are working to become increasingly more sophisticated and reach out to more and more people. In the world of insurance, that’s just doing business as usual. But...
October Storm Devastates South Carolina, Insurance Industry Responds
Oct 19 2015 // The claims filing and damage recovery process is underway in South Carolina after the mega-storm that hit the state Oct. 1 through Oct. 5 brought extensive damage statewide with some areas receiving more than two feet of...
BrokersLink Partners with 10 New Members, Launches New Product Strategy
Oct 16 2015 // Brokerslink, a global independent brokering company, has signed 10 new members and launched a customized products strategy at its 2015 global conference in New York. These new brokers and specialist resources members bring...
Michigan Agent Named Big ‘I’ Young Agent of the Year
Oct 16 2015 // The National Young Agents Committee (YAC) of the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) presented the Outstanding Young Agent of the Year award to Lisa Lemanski of the...
Peretti Joins XL Catlin as Head of Broker, Client Management in Americas
Oct 16 2015 // Robert Peretti will join XL Catlin’s Insurance operation as senior vice president, head of Broker and Client Management in the Americas. In his new role, Peretti leads a team of regional executives and customer...
Texas All Risk General Agency Receives Special Recognition for Advancements in Technology from Nautilus Insurance Group
Oct 16 2015 // Dallas, TX, October 14 2015- Nautilus President Tom Kuzma presented the award at the company’s 30th Anniversary celebration in Whistler, British Columbia on September 29th. The carrier’s top MGA partners were...
Vanderbilt Properties Insurance Brokerage Hires Correll as VP in New York
Oct 15 2015 // Vanderbilt Properties Insurance Brokerage, a New York City-based national program administrator and brokerage for the real estate industry, hired Kim Correll as vice president of New Business Development. In her new role,...
North Carolina Agent Charged with 13 Counts of Embezzlement
Oct 15 2015 // North Carolina Insurance Commissioner Wayne Goodwin announced the arrest of David Maylon Pickett, Grifton, N.C.; he is charged with 13 counts of embezzlement by an insurance agent in Craven, Harnett, Lenoir, Pitt and Wayne...
Dean Named President of Houston Independent Agents Group
Oct 14 2015 // Kyle Dean, president and CEO of Dean & Draper Insurance Agency LP in Houston, has been elected to serve as president of the Independent Insurance Agents of Houston (IIAH) for a term beginning Sept. 1, 2015, through...
