Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Mass. AG Opposes 7.7% Workers’ Comp Rate Hike
Feb 24 2014 // At a recent public hearing, Massachusetts Attorney General Martha Coakley’s office expressed its opposition to the workers’ compensation average rate increase proposal and argued that the rate should be lowered...
Brokers Missing Out on Big Opportunities in Trade Credit Insurance Market
Feb 21 2014 // Agents and brokers who are not selling trade credit insurance – also known as receivables insurance – are missing huge opportunities but also opening themselves up to errors and omission (E&O) exposures, according...
Insurance Journal Co-Sponsors Agency Research Project
Feb 21 2014 // Channel Harvest Research, in partnership with Insurance Journal, has launched a new study of the independent agency system, probing agents’ attitudes toward insurance carrier relationships and, in particular, the...
Southern California’s IIABA-LA Gets New Officers, Directors
Feb 20 2014 // The Independent Insurance Agents & Brokers Association of Los Angeles recently installed new officers and directors for 2014. The new IIABA-LA lineup for officers: Ryan Wunderlich, Hub International Insurance –...
The Main Street America Group Expands Main Line BOP Policy to South Dakota
Feb 20 2014 // The Main Street America Group has introduced its commercial product line, featuring its flagship Main Line Business Owners Policy (Main Line BOP), to independent agents who represent the super-regional property/casualty...
Texas Likely to Become an ‘NCCI State’ for Workers’ Comp; Question Is – When?
Feb 20 2014 // Texas will be privatizing many functions in its workers’ compensation system if a staff petition to adopt the National Council on Compensation Insurance (NCCI) Basic Manual, with Texas exceptions, and the national...
Allstate Seeking to Expand Agency Count in Texas
Feb 19 2014 // Allstate Insurance Co. is launching a recruitment campaign to appoint 120 new agency owners in Texas this year. Allstate agency owners are also actively searching for qualified candidates to fill more than 800 sales...
Arrowhead General Insurance Agency, Inc. Appoints Bill Farran as President of its Professional Liability Division
Feb 19 2014 // San Diego, Calif. (02/19/2014) – ARROWHEAD General Insurance Agency, Inc., one of the largest program administrators in the country, has appointed Bill Farran as president of the Professional Liability Division. Farran...
Heffernan Insurance Brokers Hires Group Benefits Advisor in New York
Feb 18 2014 // Heffernan Insurance Brokers recently hired Brody Fontaine to join its New York office as group benefits advisor. Fontaine will focus on building the benefits practice for Heffernan, focusing on mid-size employers. Fontaine...
Study Looks at Options to Depopulate Texas Coastal Wind Insurer
Feb 13 2014 // Loss exposure for Texas’ wind and hail insurer of last resort along the coast increased by around 319 percent between 2005 and 2012 – from $23.26 billion to $74.17 billion, and its policy count grew by...
Johnson Joins PCG Agencies in Minnesota
Feb 13 2014 // Craig Johnson has joined St. Paul, Minn.-based PCG Agencies Inc. as a personal risk manager and insurance producer. Johnson has an extensive sales background. Founded in 1982, PCG Agencies is a personal property/casualty...
OECD Says Tax Evasion Plan Needs to Include Brokers’, Insurers’ Accounts
Feb 13 2014 // Accounts at brokers and insurers need to be included along with banks in a plan designed to share data among governments to crack down on tax evasion, the Organization for Economic Cooperation and Development said. The 42...
Burns & Wilcox Brokerage Adds Gross as Managing Director in Dallas
Feb 12 2014 // Burns & Wilcox Brokerage has hired David Gross as managing director in its North Dallas office. Gross, who most recently served as vice president and senior broker-casualty for CRC, will report to Burns & Wilcox...
Leavitt Group Agencies Combine In Utah, Nevada
Feb 12 2014 // The Leavitt Group has merged five of its agencies in southern Utah and Nevada. The merger includes Dixie Leavitt Agency, Hunt-Leavitt Insurance Agency, Leavitt Group Benefits Services of Southern Utah, Bringhurst-Leavitt...
Florida Trooper Case Raises Driver Data Privacy Issues
Feb 12 2014 // Florida Highway Patrol Trooper Donna Jane Watts was on routine patrol early one morning when a Miami police car whizzed past at speeds that would eventually top 120 mph. Even with her blue lights flashing and siren...
Mass. AG Office Says 7.7% Workers’ Comp Rate Hike Unnecessary
Feb 11 2014 // At a recent public hearing, Massachusetts Attorney General Martha Coakley’s office expressed its opposition to the workers’ compensation average rate increase proposal and argued that the rate should be lowered...
Independent Agencies Post Performance Highs: Reagan
Feb 11 2014 // Independent insurance agents and brokers posted new highs in revenue growth and profitability in the fourth quarter of 2013, according to a survey of large and mid-sized agencies by Reagan Consulting. The consulting firm...
Worldwide Broker Network Celebrates 25th Anniversary
Feb 10 2014 // The Worldwide Broker Network, the network of independent property/casualty brokers and employee benefits consultants, has begun a year-long celebration of its 25th anniversary. More than 90 executives from 27 different...
Disclosing Broker Fees to Ensure Full Compliance
Feb 10 2014 // An area of intensive scrutiny by the California Department of Insurance surrounds the charging and disclosing of broker fees. The department regularly receives a high volume of customer complaints concerning the failure to...
E&O Insights: How Well Do You Know Your Own E&O Policy?
Feb 10 2014 // As many agents know, there are various standards to which they will be held in the event of litigation. There are also standards to which customers will be held. One of those standards involves a duty the customer has to...
