Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Broker Citadel Opens Florida Office; Names Webb Southeast Director
Jun 24 2011 // Utah-based Citadel Insurance Services, a specialty program broker, has expanded its operations by opening a new regional office in Tampa, Florida. Citadel also announced the appointment of Gary N. Webb as director of its...
Analysts Debate Outlook for Reinsurance Stocks
Jun 23 2011 // With reinsurance stocks trading below book value, equity analysts basically agree on the factors affecting these stocks but differ on their outlook on the sector. Property/casualty insurance analysts Meyer Shields, analyst...
New York City Fixes Contractor Insurance Rule After Agents Sound Alarm
Jun 23 2011 // New York insurance agents are welcoming a decision by a New York City government agency that they say will make it easier for contractors to meet the city’s insurance requirements. The New York City Department of...
Florida Agents’ Leader Grady Cites Progress, Disappointments on Reform
Jun 23 2011 // For those in the industry, Florida’s recent legislative session was a long march as they tried to navigate through a process that initially promised much in the form of a new governor and strong pro-business...
Insurance Educators Take Advantage of New Media
Jun 23 2011 // As Web sites and social media companies like Facebook and LinkedIn have proven, new media is nothing if not great in building a community. That’s why long-time insurance educators Laurie Infantino, Ray Infantino, Tom...
Wash. Regulator Fines Insurers, Agents $750,000
Jun 22 2011 // Washington Insurance Commissioner Mike Kreidler has fined insurance companies, agents and brokers more than $750,000 in 2011. Violations included charging unapproved rates and submitting false documents. From January...
The Truth About The Competition
Jun 21 2011 // Say what you will about the competition- Just don’t say anything bad. The cardinal rule about not bad mouthing the competition is both virtuous, and professional. Knocking the competition usually backfires, and...
4 Things Agents Should Do to Avoid E&O Claims
Jun 21 2011 // After handling insurance coverage claims for years, a distinct pattern has emerged: sometimes the insurance agent gets “caught in the middle” of a dispute between the policy holder and the insured. Often,...
Mobile Food Vendor Market Explodes as Insurance Market Evolves
Jun 21 2011 // In just about every metropolitan area nationwide hungry customers can appease their appetites by visiting the neighborhood taco truck. The traditional taco truck sells more than just tacos these days – a lot more....
C.M. Meiers’s Rothman Recieves Community Service Award
Jun 20 2011 // Insurance Brokers and Agents of the West (IBA West) has presented the Anthony J. DiBuduo Award to Eric Rothman of C.M. Meiers Co. of Woodland Hills, Calif. Rothman received the award for his record of exemplary service to...
Digital Insurance Acquires Agencies in Illinois and Arizona
Jun 20 2011 // Digital Insurance Inc., an employee benefits agency specializing in insurance for small businesses and mid-sized companies, has acquired Employee Benefits by Design in Chicago and Strategic Benefits Consultants (SBC) in...
Advocates Say Mass. Temp Agencies Need Oversight
Jun 20 2011 // Blue collar workers hired through temporary staffing agencies often aren’t paid fairly and have difficulties filing workers’ compensation, according to a new study by the University of Massachusetts at...
Expert Assesses Cyberinsurance Market: Demand, Prevention, Recovery
Jun 20 2011 // Demand for cyberinsurance was rising even before the most recent highly-publicized parade of breaches at major corporations and organizations. After the news of the first major Sony hack but before the subsequent reports...
Life After Disaster: How Agents Can Help Contractors Plan Ahead to Handle a Crisis
Jun 20 2011 // With floods and tornadoes creating havoc throughout the Midwest this spring, and Japan’s earthquake and tsunami still fresh in our memories, no one has to be convinced that natural disasters have the power to destroy...
People
Jun 20 2011 // Iowa-based United Fire & Casualty Co. announced new executive appointments and the election of four new directors for full terms on its 12-member board. Denver Regional Office Underwriting Manager Jolene Grow was...
Agents Warn of Insurance Complications for New York City Contractors
Jun 20 2011 // Insurance agents are warning contractors in New York City that they may not be able to obtain increased coverage requirements called for by city regulations set to go into effect this month. Many of those new coverages are...
For Construction Projects, Delays and Financing Risks More Common as Economy and Industry Continue to Struggle
Jun 20 2011 // While brokers on construction projects have historically focused primarily on owners and contractors, economic uncertainty has created a new focus area – financing entities. In addition to the usual construction...
Rio Grande Valley Insurance Broker Sentenced to Prison
Jun 20 2011 // A 47-year-old Harlingen, Texas, man was sentenced to more than three years in federal prison for a scheme to defraud a Rio Grande Valley hospital of more than $3.8 million by selling it nonexistent and altered insurance...
Calif. State Fund Seeks to Offer Workers’ Comp in Other States
Jun 20 2011 // California State Compensation Insurance Fund is pursuing legislation to allow it to offer coverage to California employers who have out-of-state employees. Currently, California-based businesses insured with State Fund...
New York Health Insurance Exchange Bill Preserves Agents’ Role
Jun 20 2011 // New York agents are cheering a new State Senate bill that that would guarantee a role for agents and brokers in the state’s health insurance exchange. A bill introduced this month by Sens. James L. Seward (R-Milford)...
