Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Un-commoditizing Insurance
Jul 21 2011 // What makes you better or different than your competition? Ask every agent that question and you’ll get the same answer. I’m not kidding. Don’t believe it? I’ve worked with hundreds of agencies &...
Ready or Not, New Surplus Lines Law Is Here
Jul 21 2011 // The implementation deadline for the Nonadmitted and Reinsurance Reform Act has arrived. States have been scrambling over the past year to update surplus lines laws that will conform with NRRA requirements, while agents and...
Insurance Broker Lockton Welcomes Associate Into Producer Role
Jul 20 2011 // Lockton Companies LLC a Kansas City-based firm specializing in insurance, risk management and employee benefits, has added Brett Lane to its team of producers. Lane previously was an account executive for health and...
Aon Appoints Head Broker for Construction, Power, Infrastructure in Singapore
Jul 20 2011 // Aon Risk Solutions, the global risk management business of Aon Corp., has appointed Nicki Tilney as head broker of construction, power and infrastructure for Aon’s Global Broking Center (GBC) in Singapore, one of...
California Surplus Lines Bill Signed Into Law
Jul 20 2011 // California passed legislation this week that will allow the state to implement provisions in a new federal surplus lines insurance law. The federal Nonadmitted and Reinsurance Reform Act of 2010 (NRRA), which becomes...
Florida Returns $12 Million to Policyholders
Jul 20 2011 // Some Florida insurance policyholders stand to recover more than $12 million in refunds thanks to state insurance investigators looking into complaints about unpaid claims and questionable sales. The Division of Agents and...
Combined Agents of America Named State Auto’s Fastest Growing Agency
Jul 19 2011 // Austin, Texas-based Combined Agents of America LLC (CAA) has been identified as the fastest growing agency in terms of sales growth and profitability with insurance partner State Auto Insurance Co. CAA is State...
Win Ratio
Jul 18 2011 // A task force of state insurance regulators has recommended that states support legislation to protect agent and broker commissions from the expense cap imposed on health insurers by the new federal healthcare law’s...
People
Jul 18 2011 // Insurance broker Lockton Companies is expanding its business in Florida with the addition of Ed Rivas. Prior to joining Lockton, Rivas spent 11 years as the director of Human Resources and Safety for Arch Aluminum and...
Is It Time to Rename Your Agency?
Jul 18 2011 // Name Your Agency After What It Does Instead of Who Owns It What is in a name? If you ask Shakespeare’s Juliet, she’ll tell you “That which we call a rose by any other name would smell as sweet.”...
Americans at Lloyd’s
Jul 18 2011 // A group of 30 brokers from across the United States and Canada visited Lloyd’s recently as part of an annually organized broker program. The brokers went to London for five days to learn about the Corporation of...
Agents Speak Out on Social Media
Jul 18 2011 // An Insurance Journal poll on agents’ use of social media conducted in January and February showed that 62 percent of respondents’ agencies had some involvement in social media. Granted, there were only 13...
New Jersey Agent Pleads Guilty to Stealing $1.9M
Jul 18 2011 // A former New Jersey insurance agent has pleaded guilty to defrauding nine clients out of more than $1.9 million, state prosecutors said. Daniel J. Trolaro, 35, of Oakland, was working for Prudential Insurance Co. of...
Agency Satisfaction With Insurers Not Driven by Price, Compensation
Jul 18 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...
Licensing and Other Changes for New York and Connecticut Agents
Jul 18 2011 // Changes in agent-licensing procedures mean New Yorkers can now print and renew their licenses online and Connecticut agents will now only be able to file licensing documentation electronically. In New York, agents, brokers...
Agents Speak Out on Social Media
Jul 18 2011 // An Insurance Journal poll on agents’ use of social media conducted in January and February showed that 62 percent of respondents’ agencies had some involvement in social media. Granted, there were only 13...
Agents for Logging Industry Hang On in Downturn
Jul 18 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 since then. Underwriters in this class agree that it has been...
London’s Calling
Jul 18 2011 // Lloyd’s America President Hank Watkins Campaigns for Broader Appeal Hank Watkins, president of Lloyd’s America Inc., smiles like he has a big secret he wants to spill. The history of Lloyd’s of London is...
Floods and Flood Insurance
Jul 18 2011 // While South Central states suffer from drought, the Midwest is paddling upstream against too much water and the flooding has once again put the spotlight on the National Flood Insurance Program with all its faults and...
Creating a Real Value Proposition
Jul 18 2011 // The Myth of Value Added Services These are very interesting times for agents and brokers. It has not been since World War II that our industry has been in these depths – a shrinking premium base. This coupled with a...
