Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Consultant Burand Launches Agency E&O Blog on InsuranceJournal.com
May 30 2012 // Insurance agency consultant Chris Burand is launching a new blog on insurance agency errors and omissions (E&O) issues on InsuranceJournal.com In Burand’s Agency E&O Blog, the consultant will share E&O...
Indiana Insurance Agent Earns Associate Degree at 87
May 28 2012 // Jerry Cole II takes great pride in his career as a businessman, during which he’s sold millions of dollars in insurance policies. But there was one more thing he always wanted. Feeling as nervous as a 20-something,...
11 States Adopt Plan to Distribute Surplus Lines Premium Taxes
May 25 2012 // States participating in the Non-admitted Insurance Multi-state Agreement, or NIMA, have adopted a premium allocation method for distributing surplus lines premium taxes on casualty insurance. The adopted method aims to...
Facebook Market Makers’ Claims Against Nasdaq Likely to Top $100 Million
May 25 2012 // Claims by four of Wall Street’s main market makers against Nasdaq over Facebook’s botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with...
Luttrell Elected President of Combined Agents of America
May 24 2012 // Combined Agents of America LLC (CAA), based in Austin, Texas, has a newly elected 2012-13 Management Committee. The new committe includes: President Roger Luttrell, president of Benton-Luttrell-Brown in Van Alstyne, Texas;...
General Ledger Accounting for P/C Agencies
May 23 2012 // In current practice insurance premium accounting is based on general ledger (GL) accounting. It is used by all agency management software applications: AMS, Applied Systems, etc., just to name a few. Developed more than...
How High-Tech Use by Young Agents Is Changing the Way the Insurance Industry Operates
May 23 2012 // San Diego, CA, 05/23/12 – Tech-savvy young independent insurance agents are changing how the property/casualty insurance industry operates, a new survey reveals. Jason D. Cass, owner of the JDC Insurance Group based...
Utah Insurance Agent Barred from Business in North Dakota
May 22 2012 // A Utah insurance agent has been ordered to stop doing business in North Dakota. State Insurance Commissioner Adam Hamm says Bart Winterton of Vernal, Utah, operated as an insurance producer without being licensed in North...
How Are Insurance Agencies’ Customers Doing?
May 21 2012 // Construction is the No. 1 target market of independent insurance agencies. Before the recession, construction often constituted 20 percent to 40 percent of medium to large agencies’ books of business. Independent...
Court Sides with Mississippi Insurance Agent in Restaurant Case
May 21 2012 // The Mississippi Court of Appeals has upheld a ruling that the owners of a Bay St. Louis restaurant cannot collect more than $300,000 they claimed to be owed by a local insurance agent after their business washed away in...
E&O Insights: Why Workers’ Compensation Leads in E&O Claims
May 21 2012 // Every year, errors and omissions (E&O) claims arising out of the placement of workers’ compensation account for approximately 10 percent of all claims. Many of those workers’ comp claims are well in excess...
8 Things Independent Agents Can Learn from Sam Walton
May 21 2012 // Wal-Mart and independent agencies seemingly have little in common. Not so. There are many helpful ideas to cull from Mr. Walton’s amazing odyssey from one store to the largest retailer in the world — as revealed in...
Insurance Customers Say It’s a Relationship, Not a Commodity
May 21 2012 // There’s a small green reptile that seems to have become ubiquitous in all of our lives. It is constantly popping up on our television screens and speaking to us on the radio. Amazing as it may seem, a cartoon...
Survey: Agencies Seek Carrier Help to Expand Into New Niches
May 21 2012 // The challenges of today’s economy appear to be driving some independent agents into new niche insurance markets and product lines. Almost 60 percent of independent agents say they have begun to or plan to expand into...
Business Moves – Midwest
May 21 2012 // Neace Lukens, Matrix Benefits Neace Lukens has completed its acquisition of Matrix Benefits and Consulting Group, a Ft. Wayne, Ind.-based consulting firm. Matrix employees will report to the Neace Lukens Indianapolis...
North Dakota Agent Accused of Creating Fake Policy Applications
May 18 2012 // North Dakota Insurance Commissioner Adam Hamm announced he has served a cease and desist order against Tim Everett, a Grand Forks area insurance agent who is alleged to have created fictitious insurance policy applications...
Northern United Agents Alliance in N.H. Expands, Adding 2 New Agencies
May 18 2012 // The Northern United Agents Alliance (NUAA), an independent agency partnership based in New Hampshire, added two new agency members. The new members are: Maloney Associates Insurance in Hanover, N.H., and Bernier Insurance...
China Broker CNinsure Announces Changes to Board of Directors
May 18 2012 // CNinsure Inc. an independent insurance intermediary company operating in China, announced that the board of directors of the Company has appointed Yunxiang Tang as an independent director of the Board and Yongwei Ma has...
Denver Agencies Holding Major Disaster Drill
May 17 2012 // Nearly a dozen helicopters will fill the Colorado air as Denver-area emergency crews practice for a mass disaster. The exercise Wednesday is a major test of the National Disaster Medical System. It will involve more than...
How Young Insurance Agents Are Changing the Industry
May 17 2012 // There’s a change happening — a big change. And some say young independent insurance agents are the catalyst for that change. They may even be leading a revolution, of sorts, says one young agent leader. Jason D....
