Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Bank Insurance Brokerage Income Marks New Record; Up Amost 20%
Aug 8 2011 // Bank holding companies (BHC) set a new record, marking the highest quarterly results ever recorded for first-quarter insurance brokerage income. BHCs posted $3.98 billion in insurance brokerage income in the first quarter...
IBA San Diego Hosts Luncheon Discussion August 17th, 2011: “State of the Reinsurance Industry-How Changes Could Affect the Agent and Insured!”
Aug 8 2011 // San Diego, August 8, 2011 – The Insurance Brokers & Agents of San Diego in partnership with the Insurance Industry Charitable Foundation’s San Diego Steering Committee, will be hosting a lunch discussion on...
Minn. Supreme Court Rules Against Agent in Negligent Procurement Case
Aug 5 2011 // An insurance agent in Minnesota lost an appeal asking to the state Supreme Court to dismiss a case against him over “negligent procurement of insurance coverage.” Robert M. Swendra with the Robert M. Swendra...
Washington State Agent Pleads to Bilking Doctors
Aug 4 2011 // Brenda MacLaren-Beattie, a longtime insurance agent in Des Moines, Wash., has pleaded guilty to first-degree theft for selling fake insurance to oral surgeons in two states. An investigation by Insurance Commissioner Mike...
Massachusetts Agents Seek Ballot Measure to Ban Insurers’ Use of Credit Scores
Aug 4 2011 // Massachusetts independent insurance agents who oppose the use of credit scores, occupation and education level in auto insurance pricing by the insurance companies they represent are pushing to put a petition to ban such...
When Rating Agencies Judge the World – an Analysis
Aug 3 2011 // The man who holds in his hands the fate of U.S. credit, and with it potentially the global economy, favors small tie knots, sports a bushy mustache and smokes his fair share of cigarettes. Beyond that, he is a mystery,...
Insurance Journal Searches for the Best Agencies to Work For
Aug 2 2011 // Is your independent insurance agency or brokerage firm a great place to work? Insurance Journal is on the search again for the best independent insurance agencies in the United States to work for and we hope you will...
Two Big Southern California Agencies Merge
Aug 1 2011 // Two independent insurance brokers announced today they are joining forces to become one of the largest insurance brokerages in Los Angeles and Ventura counties. The August 1st agreement combines Northridge Insurance Agency...
SEC Seeks More Disclosure by AIG on Credit Ratings
Aug 1 2011 // The U.S. Securities and Exchange Commission has asked insurer American International Group (AIG) to provide more disclosure about how and why it assigns credit ratings to investments in its portfolio, according to letters...
Organic 100
Aug 1 2011 // It’s that time of year again, when the nation’s leading privately held independent insurance agencies are put in the spotlight. Welcome to Insurance Journal‘s exclusive Top 100 Independent...
Insurer Wants to Sign 100 Agents in 100 Days
Aug 1 2011 // A commercial lines insurer is on a mission to sign a number of independent agents – as many as 100 of them – within 100 days. From July 12 through October 12, South Carolina-based Accident Insurance Co. (AIC)...
Surplus Lines Law In Effect; Taxes Up in Air
Aug 1 2011 // The implementation deadline for the Non-admitted and Reinsurance Reform Act arrived on July 21. States have been scrambling over the past year to update their surplus lines laws to comply with NRRA requirements and to...
Declarations
Aug 1 2011 // 100 Agents “We’ve got a lot coming out in 2012.” —Jon Beckham, chief marketing officer at South Carolina-based Accident Insurance Co., who said the company is looking to add 100 agents in the 100 days...
Agency Satisfaction With Insurers Not Driven by Price, Compensation
Aug 1 2011 // Insurance agents tend to give a greater share of their business to insurers with whom they are highly satisfied, according to a J.D. Power and Associates Insurance Agency Satisfaction Study-Personal Lines. The study, based...
People
Aug 1 2011 // Tim Brady, chairman and former CEO of Brady, Chapman, Holland and Associates in Houston, was named the 2011 Drex Foreman Award winner at the Independent Insurance Agents of Texas 114th Annual Conference & Trade Show...
Agents Question GM Free Car Insurance Deal With MetLife Auto
Aug 1 2011 // Independent insurance agents are raising concerns over a General Motors promotion that offers car buyers in the Pacific Northwest a year of free liability and damage insurance from MetLife Auto & Home. Hoping to put...
Surplus Lines Law In Effect; Taxes Up in Air
Aug 1 2011 // The implementation deadline for the Non-admitted and Reinsurance Reform Act arrived on July 21. States have been scrambling over the past year to update their surplus lines laws to comply with NRRA requirements and to...
Denialism: It’s a Win-Win Situation
Aug 1 2011 // Within confines, people can succeed without accepting reality. The Western church succeeded in building itself into a hugely successful entity while denying the world was round for 1,000 or so years. Many banks and bankers...
People
Aug 1 2011 // Wholesale insurance broker AmWINS Group Inc. is expanding its operations with a new office location in Morehead City, North Carolina. Karen G. Toler, formerly of Burns & Wilcox, has joined AmWINS to lead this new...
Agents for Logging Industry Hang On in Downturn
Aug 1 2011 // The logging and forestry industry has suffered dramatically since 2006, with the amount of lumber being harvested dropping by half to 5 billion from 10 billion board feet since then. Underwriters in this class agree that...
