Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Is General Ledger Accounting Adequate for P/C Insurance Premium Transactions?
May 7 2012 // In current practice, insurance premium accounting is based on general ledger (GL) accounting. It is used by all agency management software applications including AMS and Applied Systems just to name a few. Developed more...
Replacement Costs Battle on the Road to Somewhere
May 7 2012 // Steve Young was somewhat upbeat when he was asked what he thought about the outcome of a long-brewing legal battle between three insurance associations and the California Department of Insurance. That upbeat attitude is...
Sales Agents, Good Talent Always Priorities in the Midwest
May 7 2012 // As in every other business sector, during the past few years organizations within the property/casualty insurance industry have sought to maximize efficiencies and take full advantage of the talent in their existing...
Southeast Agency, Carrier Plans Brighten Jobs Picture
May 7 2012 // Those interested in new or better positions in insurance might want to grab their suntan lotion and head to the Southeast. They might also want to brush up on their Spanish. The unemployment rate remains higher in key...
Southeast Agencies, Carriers Now Hiring
May 7 2012 // Here is some of the positive insurance employment news for the Southeast: Allstate In February, Allstate Insurance announced it was looking to appoint 124 new agency owners in Alabama, Georgia, North Carolina and South...
In East Region, Insurance Sector Hiring Is ‘Slightly Elevated’ in 2012
May 7 2012 // The insurance employment market in the East and Northeast regions — as in most other parts of the country — can be summed up the following way: hiring is “slightly elevated” compared to last year, but there...
C.M. Meiers Legal Battle Goes On, Allegations Heat Up
May 3 2012 // With a quote from former president Ronald Reagan, an emergency motion from a sex toy business and increasingly acerbic accusations, the legal battle between the new and old owners of bankrupt agency C.M. Meiers continues...
Montana Couple Seeking Damages From Broker For Fed Raids
May 2 2012 // A Helena couple that rented a greenhouse to a medical marijuana operation have sued their insurance broker after their insurance company denied a $75,000 damage claim filed following a federal raid of the operation. The...
Survey: Agencies Seek Carrier Help to Expand into New Niches
May 2 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...
Nationwide Mutual Completes Harleysville Merger
May 1 2012 // Nationwide Mutual Insurance Co. said that the company completed its previously announced $834 million merger deal with Harleysville Mutual Insurance Co. The deal was first announced in September 2011. Nationwide Mutual...
The McGowan Cos. Purchases Md.-Based Allied Insurance Brokers
Apr 30 2012 // The McGowan Companies (McGowan), based in Fairview Park, Ohio, purchased the assets of Allied Insurance Brokers Inc. (Allied). Allied, which is headquartered in Marriottsville, Md., will begin operating under the...
Former N.Y. Agents Sentenced to Jail for Swindling Elderly Clients
Apr 30 2012 // New York regulators said two former insurance agents who pled guilty to swindling $400,000 from elderly clients by fraudulently changing beneficiary information on annuity contracts have been sentenced to jail time and...
Big ‘I’ Chairman Donohoe Extols Association’s Value in Fast-Changing Times
Apr 27 2012 // Speaking at the Independent Insurance Agents and Brokers of America (IIABA) conference, IIABA Chairman Mike Donohoe said the association is an indispensable partner and guide for independent agents in a rapidly changing...
Iowa’s Fulwider Honored with Big ‘I’ Woodworth Memorial Award
Apr 27 2012 // The Independent Insurance Agents & Brokers (the Big “I”) has awarded an Iowa agency owner, Bob Fulwider, with the Woodworth Memorial Award, the highest honor the association bestows on one of its...
ThinkRisk and OneBeacon Announce [in]FUSE – Insurance Agents & Brokers Professional Liability Protection
Apr 27 2012 // Chicago, IL, 04/27/12 – ThinkRisk Underwriting Agency, LLC and OneBeacon Professional Insurance join forces to announce the launch of a new Professional Liability Policy for Insurance Agents & Brokers. The...
1,000 Independent Agents Lobbying Lawmakers in Washington
Apr 26 2012 // More than 1,000 independent agents from around the country will be visiting Capitol Hill offices in Washington, D.C., today to lobby members of the House, Senate and their staffs. Called “The Big ‘I’ Day...
Court Sides with Mississippi Insurance Agent in Restaurant Case
Apr 26 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...
Swiss Re Team Favored to Acquire Groupama’s Brokerage Unit – Sources
Apr 25 2012 // Swiss Re and its private equity partners Apax and PAI are in pole position to acquire Groupama’s GAN Eurocourtage [brokerage] unit for about €600 million ($793.2 million), people familiar with the situation...
Brainard to Manage East Coast Brokerage for Beecher Carlson
Apr 25 2012 // Atlanta-based specialty insurance broker Beecher Carlson has promoted Sharon Brainard to senior managing director. Brainard will now manage the East Coast operations for the National Casualty Brokerage Practice, operating...
Broker Gets 30 Years For Stealing From Elderly
Apr 24 2012 // A 49-year-old insurance broker who stole large amounts of money from elderly clients has been sentenced to 30 years in prison and must pay more than $1.4 million in restitution. The Denver Post reported Mendenhall was...
