Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Mass. Agents’ Auto Insurance Ballot Question Advances
Sep 9 2011 // Nearly all of the proposed questions for Massachusetts’ 2012 state ballot have been given preliminary approval. Attorney General Martha Coakley certified Wednesday 23 of the 31 initiative petitions filed with her...
UK Managing General Agents Launch Official Representative Association
Sep 9 2011 // The Managing General Agents’ Association (MGAA), a non-profit making organization founded to represent UK Managing General Agents, was officially launched on the 1st of September with an initial 40 Full Members...
Insurance Noodle to Offer ACE D&O, E&O Coverage Through Online Hub
Sep 6 2011 // Insurance Noodle, part of Willis North America, a unit of Willis Group Holdings, has added has added the management and professional liability products of ACE Commercial Risk Services to the offerings of its online quoting...
People
Sep 5 2011 // David J. Bresnahan has been named president of Lexington Insurance Co., the surplus lines unit of Chartis Insurance. He is succeeding Peter Eastwood, who is moving into his new role as president and chief executive officer...
Minn. Supreme Court: No Dismissal in Negligence Case Against Agent
Sep 5 2011 // The Minnesota Supreme Court has refused to dismiss a lawsuit against an insurance agent over “negligent procurement of insurance coverage.” Robert M. Swendra of the Robert M. Swendra Agency Inc. representing...
People
Sep 5 2011 // David J. Bresnahan has been named president of Lexington Insurance Co., the surplus lines unit of Chartis Insurance. He is succeeding Peter Eastwood, who is moving into his new role as president and chief executive officer...
Stability in the Affluent Market Shows Promise for Brokers, Insurers
Sep 5 2011 // The high net worth insurance market remains a stable market for agents and the insurers specializing in this exclusive class. “From a market opportunity perspective we are seeing a market that continues to be fairly...
Essentials: Be Careful What You Say When Issuing a Binder
Sep 5 2011 // Insurance binders are contracts of temporary insurance pending the issuance of a formal policy or proper rejection of the application by the insurer. The binder serves only as a temporary or interim policy until a formal...
Discover INSURICA
Sep 5 2011 // Seeking Unexplored Routes to Riches, a Rising Oklahoma Agency Network Finds Its New Corporate Identity, While Doubling Its Size Top 100 Agency Profile Rank: No. 15 Agency Name: INSURICA Insurance Management Network Main...
Unitrin CEO Southwell Sees Growth, Value in New Kemper Name
Sep 5 2011 // Unitrin Inc. is counting on added success as it takes on a new name — the well-known and legendary Kemper name — for the future of the company. Powered by InsuranceJournal.tv Effective Aug. 25, Unitrin Inc. officially...
Ohio Says Kentucky Agent Used Fake Names, Revokes License
Sep 2 2011 // Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor has revoked the resident insurance agent license of Sheri Lyn Sharp, of Burlington, Ky., for violations of Ohio insurance law. Sharp wrote...
IIABNY, CIBGNY File Appeal of Producer Compensation Disclosure Regulation
Sep 2 2011 // The Independent Insurance Agents & Brokers of New York and the Council of Insurance Brokers of Greater New York have filed a formal appeal of a trial court ruling that upheld a controversial state regulation. Attorneys...
Insurance Veteran Opens New Wholesale Operation in Dallas
Sep 1 2011 // LevelFirst is a new diversified wholesale broker and managing general agency based in Dallas, Texas, that serves retail agents in the Southwest and across the country. President and CEO of LevelFirst, Robin Stough,...
Earthquake, Hurricane Keep Maryland Insurance Agents Busy
Sep 1 2011 // First came the earthquake; then the hurricane. Now comes the bill. And with any luck, you have a decent insurance policy that will cover the cost of most, if not all, of the damages sustained in one or both natural...
Marsh Acquires Brokerage Business of Africa’s Alexander Forbes
Aug 31 2011 // Global insurance broker Marsh said it will acquire the brokerage business of African insurance firm Alexander Forbes. This business comprises Alexander Forbes Risk Services (AFRS) and certain local and correspondent...
Maine’s Northeast Bancorp Sells Its Insurance Group to 2 Local Agencies
Aug 31 2011 // Lewiston, Maine-based Northeast Bank Insurance Group has been acquired by local agencies in two separate transactions effective Sept. 1. The Varney Agency, of Bangor, Maine, will purchase the assets of nine Northeast Bank...
Man Sentenced to Life in Louisiana for Death of Insurance Agent
Aug 31 2011 // Calling the crime a “despicable act,” a Louisiana judge has sentenced a 22-year-old man to life in prison in the killing of a Georgia insurance agent during an armed robbery at the Waffle House. The Advocate...
North Dakota Insurance Agent Pleads Guilty to Wire Fraud
Aug 29 2011 // A former insurance agent in North Dakota on Aug. 24 pled guilty to wire fraud, according to the U.S. Attorney’s Office for North Dakota. U.S. Attorney Timothy Q. Purdon announced that on Alan R. Henning, 58, of...
Momentous Insurance Brokerage Partners With Archer Weiss
Aug 29 2011 // Van Nuys, Calif.-based Momentous Insurance Brokerage entered into a partnership to become an exclusive partner of business and personal lines insurance for Archer Weiss, a provider of individual and group health insurance...
Insurance Industry Mobilizes for Hurricane Irene Claims
Aug 26 2011 // In addition to advising their policyholders on what to do to protect against Hurricane Irene, property/casualty insurers and brokers are themselves taking precautions—and positioning their claims teams for the...
