Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Business Moves – East
Sep 10 2012 // USI, TD Insurance USI Insurance Services, a brokerage and financial service firm based in Briarcliff Manor, N.Y., has agreed to acquire TD Insurance Inc., a U.S. subsidiary of TD Bank, N.A. The terms of the deal were not...
Tapping the High Net Worth Market
Sep 10 2012 // How Agents and Carriers Can Find Gold in Personal Lines Independent agents and their companies have over the years been beaten in the personal lines market by direct response carriers and captive agents. But being down so...
N.Y. Gov. Nixes State Agency Mailing Bill
Sep 10 2012 // New York Gov. Andrew Cuomo vetoed a bill (S.6285-A/A.9034B) on Aug. 17 that would have banned state agencies from disseminating ads to the public for products that relate to the subject matter of the agency — such as...
Florida Streamlines Licensing for Agents, Adjusters
Sep 10 2012 // A new Florida law seeks to reduce the regulatory burden on agents and adjusters by consolidating some licenses and revamping the education classes they must take. Among the changes: insurance adjusters and agents operating...
Lawsuit Says Travel Agencies Conspired with Hotels
Sep 10 2012 // A California lawsuit claims online travel agencies like Travelocity conspired with hotels to fix room prices nationwide. The suit filed in San Francisco federal court claims the Hilton Hotels, Sheraton Hotels &...
New PURE Program Provides Extra Flooding Services for High-Value Homeowners
Sep 10 2012 // A new flood coverage suite from Privilege Underwriters Reciprocal Exchange, or PURE, is offering high-value homeowners an alternative flood insurance option. PURE Flood Solutions works as an extension of the National Flood...
Wisconsin’s Sentry Insurance Cuts Office Jobs, Home-Based Agents
Sep 9 2012 // Sentry Insurance, based in Stevens Point, Wis., says it’s cutting 27 office jobs in central Wisconsin and 144 home-based agents across 10 states as it restructures its strategy for selling personal line policies....
New Features Added to General Star Insurance Agents Program
Sep 7 2012 // General Star has made a number of enhancements to its insurance agents errors & omissions program. Distributed on an exclusive basis by program administrator All Risks, Ltd., the coverage continues to be written by...
New Marine Wholesale Brokerage Opens for Business in Florida
Sep 7 2012 // Florida has a new wholesale insurance broker specializing in marine industry risks. Founded by Steve Cunningham, Theresa Proios-Jewell and other associates with marine insurance experience, Legacy Underwriters is based out...
IBA West Members To Vote On Name Change
Sep 7 2012 // IBA West is entertaining a name change. The group, which represents several thousand brokers and agents and is comprised of 31 affiliated local associations, announced a special meeting slated for Oct. 12 to consider a...
California Brokers, Agents React to State Fund New Deal
Sep 5 2012 // Reaction to a decision by State Compensation Insurance Fund to restructure its broker distribution model has ranged from guardedly optimistic to visceral the day following the announcment. Under the new deal announced on...
Agents, Brokers to Deal with State Fund Wholesalers
Sep 5 2012 // California’s State Compensation Insurance Fund will now require most of the roughly 5,000 brokers and agents the entity deals with to go through one of two wholesalers. An estimated 3,500 agents and brokers will be...
Former N.Y. Insurance Agent Arrested for Allegedly Stealing $648K
Sep 5 2012 // New York authorities announced last week that a Long Island, N.Y., man has been arrested and charged with multiple felonies after allegedly stealing more than $648,000 in premiums from a client and spending the money on...
Additional Charges Filed Against Former Oklahoma Insurance Agent
Sep 5 2012 // A former insurance agent in Creek County has been charged with four additional felonies after an investigation by the Oklahoma Insurance Department (OID). Donna Parrick, of Depew, is charged with two counts of Exploitation...
California State Fund Restructures Broker Distribution
Sep 4 2012 // California’s State Compensation Insurance Fund has changed its broker distribution model, requiring most of the roughly 5,000 brokers and agents the entity deals with to go through one of two wholesalers. The change,...
AmWINS Buys Wisconsin School Insurance Broker, Smic
Sep 4 2012 // Insurance broker AmWINS Group Inc. has acquired Special Markets Insurance Consultants, Inc. Smic is headquartered in Stevens Point, Wisconsin with a sales office in Chicago, Illinois. Founded in 1985 by Nora Stransky, Smic...
Leavitt Group Agencies Combine, Re-brand
Aug 31 2012 // The Leavitt Group is combining the capabilities of six of their top California agencies along with their Las Vegas, Salt Lake, and Atlanta offices. These agencies will re-brand collectively as the Leavitt Group. The...
Lockton Enters Strategic Relationship with Ecuador Broker Security Re
Aug 31 2012 // Privately-owned global insurance broker Lockton announced that it “plans to strengthen its position in Latin America by entering into a joint venture with facultative reinsurance broker, Security Re, in...
All Risks, General Star Enhance Insurance Agents E&O Program
Aug 30 2012 // All Risks, Ltd. has enhanced its exclusive insurance agents errors & omissions program through General Star Management Co. Specialized coverage now features additional insolvency options, revised rates, no minimum...
Jones Annual Report Details Consumer Protection
Aug 28 2012 // The California Department of Insurance has issued California Insurance Commissioner Dave Jones’ annual report for 2011 that details CDI’s progress on its “ambitious consumer and business protection...
