Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Allstate Revises Agent Compensation Plan
Jan 9 2012 // Allstate’s captive agents have been spared part of a planned cut in their commissions as the insurer has revised its compensation strategy. The Illinois-based insurer confirmed that it would cut its base commission...
N.J. Court Rules in Favor of Allstate in Agency Franchise Lawsuits
Jan 7 2012 // Allstate announced on Friday that the Superior Court of New Jersey has entered judgment in favor of Allstate New Jersey Insurance Company, a wholly owned subsidiary of Allstate Insurance Company, and dismissed all claims...
N.J.-based Bollinger Acquires Argent Professional Insurance Agency
Jan 6 2012 // Short Hills, N.J.-based insurance broker Bollinger acquired Argent Professional Insurance Agency in Warren, N.J. Bollinger said the acquisition would help bolster its professional liability insurance brokerage...
North Dakota Insurance Agent Sent to Jail
Jan 6 2012 // A Grand Forks, N.D., insurance agent who stole thousands of dollars from clients and forged checks in her fiance’s name has been ordered to spend eight months in jail and pay back more than...
Momentous Insurance Brokerage Launches Equine Specialty Practice
Jan 6 2012 // Momentous Insurance Brokerage has formed an equine specialty practice to provide insurance coverage for horse-related businesses and private horse owners. The equine practice launched at the start of the year and will...
West Virginia to Study Ways to Reduce $50M in Deer Collisions
Jan 6 2012 // Every year in West Virginia, motorists and insurance companies pay more than $50 million to fix damage caused when vehicles collide with deer. State wildlife and highway officials hope to reduce that total by finding out...
Oklahoma Commissioner Disappointed in Denial of MLR Waiver Request
Jan 5 2012 // Oklahoma’s top insurance regulator believes the medical insurance market is headed for “disruption” as a result of the medical loss ratio component of federal health insurance reform After...
Insurance Veterans’ Forecasts for 2012
Jan 5 2012 // Now that the year 2011 is behind us, let’s take a look at what might be ahead. Insurance Journal spoke with leading industry professionals and asked them what they are expecting this year. If their forecasts are any...
Western Insurance Agents Roundtable Discussion Highlights
Jan 5 2012 // Rancho Cordova, Calif.-based WIAA Education & Research Foundation, a nonprofit corporation focused on advancing knowledge of insurance industry professionals, hosted a recent roundtable discussion on the industry and...
Western Insurance Agents Roundtable: In Uncertain Economy, Change Is Certain
Jan 5 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...
Marsh Completes Acquisition of Alexander Forbes’ Brokerage Business
Jan 5 2012 // Marsh, a wholly-owned subsidiary of Marsh & McLennan Companies announced that it has completed its previously agreed acquisition of the brokerage business of South Africa’s Alexander Forbes. Marsh said the...
N.Y.-based Sterling & Sterling Appoints Insurance Brokerage President
Jan 4 2012 // Woodbury, N.Y.-based Sterling & Sterling appointed industry veteran Leslie Nylund as president of the insurance brokerage. Nylund will be responsible for the firm’s operations, including sales, employee...
Arthur J. Gallagher Acquires Capital Bauer Insurance in Albany, N.Y.
Jan 4 2012 // Itasca, Ill.-headquartered insurance brokerage giant Arthur J. Gallagher & Co. acquired Capital Bauer Insurance Agency in Albany, N.Y. The companies did not disclose terms of the transaction. Founded in 1957, Capital...
Insurance Industry Charitable Foundation Harnesses New Technology to Reach Independent Agents
Jan 4 2012 // Walnut Creek, CA, 12/08/11 – The Insurance Industry Charitable Foundation (IICF) will make use of the new technologies available through the Virtual Insurance Marketplace to bring the organization’s...
How Mississippi Insurance Agent Came to Own Prized LSU Pigskin
Jan 3 2012 // Larry Benefield didn’t attend Louisiana State University. He has been to only one football game there in his life, a matchup against Kentucky in the 1980s or 1990s. But the Gulfport, Mississippi resident owns one of...
‘Flood House’ Gives Close-Up of Water Damage
Jan 3 2012 // Diane Hopp says she doesn’t have a green thumb, so if her neighbors were around, they might be surprised to see her spraying a garden hose — particularly in December inside the living room of a newly renovated...
JLT Subsidiary Acquires Irish Broker FBD Insurance
Dec 30 2011 // JLT Insurance Brokers (Ireland) Ltd, a wholly owned subsidiary of the Jardine Lloyd Thompson Group plc, has acquired FBD Insurance Brokers Ltd, which is based in Ireland, from FBD Holdings plc. The bulletin also noted that...
How One Independent Agent Tried to Off the GEICO Gecko
Dec 29 2011 // Editor’s Note: This article is from Insurance Journal’s annual Satire Issue, originally published on Aug. 15, 2011. The article is fictional and is meant to be humorous. Enjoy! Obsession is more than some...
Allstate Revises Agent Compensation Plan
Dec 27 2011 // Allstate’s captive agents have been spared part of a planned cut in their commissions as the insurer has revised its compensation strategy. The Illinois-based insurer confirmed that it would cut its base commission...
Privacy Claims Against Iowa Insurance Agent Over Hidden Cameras Proceed
Dec 27 2011 // A video camera hidden in a workplace bathroom doesn’t have to produce any images for someone to believe their privacy was violated, the Iowa Supreme Court ruled last Friday. The court’s decision allows two...
