Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Brokerage Schwab Hit with Complaint Over Client Lawsuit Waivers
Feb 2 2012 // Wall Street’s own watchdog filed a complaint against Charles Schwab Corp. on Wednesday accusing the online brokerage of requiring customers to waive their rights to pursue class actions against the firm, a violation...
Builder Agent Network Expands Program for Texas Construction Industry
Feb 1 2012 // Builder Agent Network has launched a product for home building and contractor markets in Texas. The company, which functions as the managing general agency for Builders Insurance Group’s Texas products, will start...
Big “I” and Swiss Re Launch E&O Web Resource
Jan 31 2012 // The Independent Agents & Brokers of America (IIABA) Big “I” Professional Liability Program and Swiss Re Corporate Solutions have launched a new risk management website. The “E&O Happens”...
Top Ohio Insurance Fraud and Enforcement Cases for 2011
Jan 31 2012 // Ohio insurance regulators opened 233 insurance fraud cases last year, handled 1,678 agent misconduct cases, took administrative action against 240 individuals and entities and referred 72 individuals for prosecution, the...
Agency Compensation Expected to Rise in 2012: Ward Group
Jan 30 2012 // Contingent commission payouts to insurance agencies are estimated to be 12 percent higher in 2012 than 2011, a new study says. The study by the Ward Group also found that carriers are continuing to increase their volume...
Find Out Who’s Worth What in the Independent Agency System
Jan 27 2012 // Time is running out to find out who’s worth what in the independent agency system! Insurance Journal is once again polling insurance agents and brokers nationwide in its annual Agency Salary Survey. Survey results...
Insurance Marketing New Basics: Go Mobile
Jan 27 2012 // Be careful if you ask Michael Jans, president of Bend, Ore.-based Agency Revolution, about marketing. He may throw the Yellow Pages at you. Jans isn’t a temperamental thug, he’s just passionate about talking...
Tennessee’s Appalachian Underwriters Adds Three Brokers
Jan 27 2012 // Appalachian Underwriters has added three brokers to its property and professional practice group. Shane Holden has 20 years of insurance and risk management experience at the retail level. Most recently, he worked for...
Kaufman Financial Acquires London’s Chesterfield Group, Texas MGA
Jan 27 2012 // The H.W. Kaufman Financial Group, parent company of wholesale broker and underwriting manager Burns & Wilcox, has purchased Chesterfield Group Ltd., a London-based insurance broker and underwriting organization with...
Insurance Exchanges: The World Small to Rule the Big
Jan 26 2012 // A pair of industry experts espoused the benefits of insurance exchanges and small agencies today and in the future during the recent Insurance Industry Roundtable run by the WIAA Education & Research Foundation in...
U.K.-based Broker BMS Group Opens New York Office
Jan 26 2012 // The U.K.-based broker BMS Group said it has opened an office in New York City. BMS Group CEO Carl Beardmore The firm said the Park Avenue office in Manhattan will be the base of Group CEO Carl Beardmore, who will now be...
How Insurance Distribution Is Changing
Jan 26 2012 // Insurance distribution is changing and agents and brokers—retailers and wholesalers—have to define the value they offer and what type of relationships they will have with carriers and customers in the years ahead,...
U.S. Wholesale Broker AmWINS Completes Acquisition of London’s THB
Jan 26 2012 // U.S. insurance wholesaler AmWINS Group, Inc. has completed its previously announced acquisition of THB Group plc of London. THB, an independent insurance and reinsurance broker and risk management business, serves clients...
California Legislator: Feds Will Step Up Involvement in Insurance Industry
Jan 25 2012 // “Listen to me now, understand me later.” State Sen. Juan Vargas, D-San Diego, gave a well-received Arnold Schwarzenegger impression, chest heaving and heavy on the former California governor’s thick...
Former North Dakota Insurance Agent Sent to Prison
Jan 25 2012 // A former Fargo insurance agent has been sentenced to three years in prison and five years on supervised probation for stealing hundreds of thousands of dollars from three women. Fifty-seven-year-old Jeffrey Neppl was...
Networked in California Joins LexisNexis Exchange
Jan 24 2012 // Grass Valley, Calif.-based Networked Insurance Agents has signed on with LexisNexis Risk Solutions Insurance Exchange, a significant step for LexisNexis into the West, the collaborative insurance placement platform...
Agents Creating At-Home Insurance Jobs for Disabled Veterans
Jan 23 2012 // For insurance agents Gary Trippe and Jim Pender, the idea for DVIC, or Disabled Veterans Insurance Careers, which aims to provide disabled veterans with employment in insurance, evolved in part from their own personal...
Web Exchange
Jan 23 2012 // IJ Video Highlights As the Market Turns, What Is Broker’s Role? Powered by InsuranceJournal.tv The soft market is turning, perhaps not dramatically but it is turning, says Jerry Sullivan, chairman, The Sullivan...
People
Jan 23 2012 // Woodbury, N.Y.-based Sterling & Sterling appointed Leslie Nylund as president of the insurance brokerage. Nylund will be responsible for the firm’s operations, including sales, employee benefits, client services...
Western Insurance Agents Roundtable: In Uncertain Economy, Change Is Certain
Jan 23 2012 // The economy, the promised-land of a hard insurance market and the need to master technologies dominated discussion at the first annual Insurance Industry Roundtable in Irvine, Calif. The daylong event was attended by 23...
