Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Hagerty Classic Car Insurance Now Available to Canadian Brokers
Jun 4 2012 // Hagerty Insurance Agency, the specialist provider of collector vehicle insurance, announced that as of April 24, 2012 its subsidiary, Hagerty Canada, LLC, will make similar coverage available to all brokers in Canada. The...
Florida Agent Association Tops 2,000 Members
Jun 4 2012 // The Florida Association of Insurance Agents, which represents thousands of independent agents statewide, has topped more than 2,000 agencies for the first time in its history. FAIA’s growth comes despite...
Allstate Ramps Up Agent Recruiting in Northeast
Jun 4 2012 // Allstate Insurance Company announced on May 15 that it is looking to appoint 140 new agency owners in Connecticut, Maine, New Hampshire, Pennsylvania, Rhode Island and Vermont. Allstate said the move is part of its...
Part Two: Is General Ledger Accounting Adequate for P/C Insurance Premium Transactions?
Jun 4 2012 // This is the second article in a two-part series on general ledger accounting. Part one can be viewed online. Only a few years ago, general ledger (GL) accounting was considered adequate by the industry consultants and...
Behind Bars: The Business of Insuring Correctional Facilities
Jun 4 2012 // Montana State Prison inmate files suit for $2.2 million in federal court after he injures a toe when his foot got caught in a grain auger at the prison dairy. A Howard County, Indiana, inmate files a lawsuit claiming the...
Business Moves – Midwest
Jun 4 2012 // SIAA, Thomas Insurance Group The Strategic Insurance Agency Alliance has signed its 4,000th member agency, the Thomas Insurance Group of Cape Girardeau, Mo. Recruited by master agency Valley Insurance Agency Alliance of...
N.H.-Based Northern United Agents Alliance Announces New Member Agency
Jun 1 2012 // The Northern United Agents Alliance (NUAA), an independent agency partnership based in New Hampshire, said Hunkins & Eaton Insurance Agency has joined the group as its newest member. Founded in 1880, Littleton,...
Missouri Issues Warning About Agent Barred from Insurance Business
Jun 1 2012 // The Missouri Department of Insurance says it has received reports that an agent previously barred from the insurance business has been selling policies illegally. The department revoked the insurance license of former...
Hurry, Don’t Miss Out: Submit Today for Top 100 Independent Agency Recognition
May 31 2012 // Once again, Insurance Journal is on the search for leading privately-held property casualty independent agencies and brokerages for its annual Top 100 Property/Casualty Independent Insurance Agencies report. Top Overall...
Judge Reduces Prison Sentence of Chicago Insurance Mogul
May 31 2012 // A federal judge has spared a former Chicago executive the necessity of serving the final few months of his prison sentence for stealing millions from his insurance brokerage. U.S. District Judge Ruben Castillo, citing...
Wells Fargo Looking to Buy Insurance Brokers: CEO
May 31 2012 // Wells Fargo & Co., which has been renewing its appetite for acquisitions lately, is interested in buying insurance sales businesses, its chief executive said on Thursday. “I love the insurance distribution...
Neace Lukens Acquires South Carolina Broker
May 31 2012 // Louisville, Kentucky-based Neace Lukens is continuing its expansion by acquiring the independent risk management and insurance broker, First Carolina Risk Management Advisors. The Charleston, S.C.-based First Carolina...
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...
