Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Guy Carp’s Vice Chairman Explains Multiple Tasks of a Modern Reinsurance Broker
Sep 24 2014 // Following a presentation from Guy Carpenter, moderated by the CEO Alex Moczarski, we caught up with the company’s Vice Chairman David Priebe, who explained just what’s involved in operating one of the...
In NYC, Pedestrian-Cyclist Crash Deaths as Rare as Lawsuits
Sep 23 2014 // Jill Tarlov’s death from a collision with a cyclist in Central Park last week was a New York City rarity, as are lawsuits after bikers ram pedestrians. From 1996 to 2005, 11 pedestrians across New York City died...
Duperreault, Reardon and Deutsch Lead Hamilton Re into the ‘Data Analytics’ Future
Sep 22 2014 // If you’re going to successfully operate a relatively new reinsurance company in these troubled times, you better know what you’re doing. Fortunately Bermuda-based Hamilton Re would seem to pass muster. Firstly,...
Willis North America Beefs Up Cyber Risk Practice with 6 Appointments
Sep 22 2014 // Willis North America has reinforced its cyber risk management and insurance services with several appointments to its FINEX Cyber/E&O Practice. The following individuals will focus on Willis’ national and...
Contractors and the CGL Policy’s ‘Your Product’ and ‘Your Work’ Exclusions
Sep 22 2014 // Dear Contractors: The wall you just built may not be covered by your insurance the way you think it is. This is because although the commercial general liability (CGL) policy may cover bodily injury or property damage to...
E&O Insights: How Well Do You Know Your Workers’ Compensation Risk?
Sep 22 2014 // The workers’ compensation class of business results in upwards of 10 percent of all errors and omissions (E&O) claims every year. While this may not seem like a lot, it is a class agents must be sensitive to for...
Insuring Products of the Mind
Sep 22 2014 // The rapid growth in patent infringement litigation in 2013 – almost 6,500 cases, or an increase of 25 percent over 2012, according to PricewaterhouseCoopers – might appear to be a strong motivator for at-risk...
Agent Steals More Than $100K From California Businesses
Sep 22 2014 // Isidro Santillan, 53, of Pacoima, Calif., has been arrested and charged with 13 counts of grand theft and three counts of commercial burglary. Santillan is alleged to have stolen more than $100,000 by selling insurance...
The Problem with Domestic Excess and Surplus Lines Insurers
Sep 22 2014 // It has been more than five years since states, beginning with Illinois, began to enact laws permitting the formation and licensing of domestic excess and surplus lines insurers. To date, these initiatives have gotten very...
Customer Experience Makes Bigger Impact Than Policy, Claims
Sep 22 2014 // Many agents understand in principle that “customer experience” is the sum total of an agency’s interactions with prospects and policyholders. In practice, however, customer service often ends up focusing...
CGSC’s Esser on Managing Wholesale Expansion and Growth
Sep 17 2014 // Cooper Gay Swett & Crawford’s CEO, Toby Esser, has had a busy year since we last spoke with him at the Reinsurance Rendezvous in Monte Carlo, but the company he heads (CSGC) is moving forward to realize cost...
The Problem with Domestic Excess & Surplus Lines Insurers
Sep 16 2014 // It has been more than five years since states, beginning with Illinois, began to enact laws permitting the formation and licensing of domestic excess and surplus lines insurers. To date, these initiatives have gotten very...
Burns & Wilcox Brokerage Opens Atlanta Office, Hires 3 Brokers
Sep 10 2014 // Burns & Wilcox Brokerage has opened an office in Atlanta and hired three specialty property brokers for the new location. The new hires are Barry Whitton, managing director; Brent Lazenby, broker; and Thad Crane,...
Rhode Island’s Starkweather & Shepley Announces Promotions
Sep 10 2014 // Starkweather & Shepley Insurance Brokerage Inc. in East Providence, Rhode Island, recently announced the following promotions. David B. Soforenko has been promoted to sales manager of Starkweather & Shepley...
Former Oklahoma Insurance Agent Sentenced for Selling Sans License
Sep 9 2014 // A former Oklahoma insurance agent has received a five-year suspended sentence and a $2,500 fine for selling insurance without a license. Preston Chadwick Henson, 44, was convicted of the felony after entering a no contest...
Agent Steals More Than $100K From California Businesses
Sep 8 2014 // Isidro Santillan, 53, of Pacoima, Calif., has been arrested and charged with 13 counts of grand theft and three counts of commercial burglary. Santillan allegedly stole more than $100,000 by selling insurance policies and...
Report from California Agency Looks at Millennials, Baby Boomers
Sep 8 2014 // Millennials are driving a greater need for a more flexible auto insurance market, while Baby Boomers are proving new opportunities for independent agents, according to a study from a general agency headquartered in San...
High on Marijuana Insurance
Sep 8 2014 // Specialty brokers looking to get insurers hooked on emerging industry The legal marijuana industry in the United States is experiencing tremendous growth. Legal cannabis markets in the United States are expected to grow...
Why Independent Agents Should Take Advantage of a Higher Standard of Care
Sep 8 2014 // I’ve had many independent agents (IAs) vent, fume, exclaim, yell, scream, curse and express total exasperation at losing an account because a captive or direct writer undercut the price while promising speculative...
Insurance Experts: Does It Really Take One to Know One?
Sep 8 2014 // When an insurance agent is sued for professional negligence, a question arises as to whether the breach of the agent’s duty of care requires the testimony of another insurance agent or broker who testifies that the...
