Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
The Game Changer: What the LexisNexis Insurance Exchange Means for the Industry, Technology Partners
Jul 4 2011 // Technology providers to the insurance industry have good things to say about a new system that allows property/casualty agents, brokers and carriers to collaborate on commercial lines accounts. The new system, the...
People
Jul 4 2011 // Anthony A. Ambrose has been promoted to vice president and senior broker at New York-based wholesale broker Russell Bond. Ambrose joined Russell Bond in 1994 and is currently responsible for financial institutions, medical...
Certificates of Insurance Legislation Signed by Texas Governor
Jul 4 2011 // Texas Gov. Rick Perryhas signed into law a measure backed by agents that requires regulatory approval of property and casualty certificate of insurance forms provided to insureds as proof of insurance...
New York City Fixes Contractor Insurance Rule
Jul 4 2011 // Insurance agents welcomed a decision that will make it easier for contractors to meet New York City’s insurance requirements. The New York City Department of Buildings has promised to modify its general liability...
Surplus Lines Sea Change: Calif.’s AB 315
Jul 4 2011 // California is expected to pass surplus lines regulations before July 21, 2011. On that date, the Nonadmitted and Reinsurance Reform Act of 2010 (NRRA) becomes effective, and only the “insured’s home...
Calif. Homeowners Underinsurance Face Challenges
Jul 4 2011 // A series of new California homeowners regulations aimed at enhancing the standards and training for estimating the replacement value on homeowners’ insurance took effect on June 27. Meanwhile, two insurance trade...
Why Agencies Should Use Management Systems to Drive Value, Increase Profits
Jul 4 2011 // More than 25 years ago, not long after I started out in my dad’s agency, I found my way to my first agency automation user group meeting. I went because, fresh out of college, my dad agreed that I probably knew more...
Commercial Auto Claims on the Rise – Will Rates Come Next?
Jul 4 2011 // An increase in claims from cargo theft and freight physical damage is expected to lead to higher insurance rates in the commercial auto class, a welcome development for some insurers after years of prices going...
Web Exchange
Jul 4 2011 // IJ Video Highlights Consolidation Nation Later this year the New York State Department of Insurance will complete its merger with the state’s banking department to become the New York State Department of Financial...
Are You a Sales Builder or a Business Builder?
Jul 4 2011 // Are you a great producer running an agency on the side or are you an executive running an agency where one responsibility is making sales? There has always been too much truth to the old adage that doctors are the worst...
From Accidental Agent to Insurance Goddess
Jul 4 2011 // Like many insurance agents, Carrie Reynolds never meant to be one. But 15 years after she became, in her own words, an “accidental agent,” Reynolds is now a principal in Alan Galvez Insurance, an agency started...
Lloyd’s Sees Opportunities in Emerging Markets
Jul 1 2011 // As levels of international trade and the importance of emerging economies increase, Lloyd’s has been very active in its efforts to open up access to overseas markets. However, in an article on its web site it called...
Insurance Agents Cheer State Commissioners’ Vote on Medical Loss Ratio
Jul 1 2011 // In a move being applauded by insurance agents, 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...
From Accidental Agent to Insurance Goddess
Jun 29 2011 // Like many insurance agents, Carrie Reynolds never meant to be one. But 15 years after she became, in her own words, an “accidental agent,” Reynolds is now a principal in Alan Galvez Insurance, an agency started...
Swett & Crawford Names McIntosh Workers’ Comp Broker
Jun 29 2011 // Tony McIntosh has joined Swett & Crawford as a California senior workers’ compensation broker. A seasoned worker’s compensation production specialist, McIntosh comes to Swett with 25 years of specialty...
New York’s Schirick Brokerage Merges with Bollinger
Jun 29 2011 // Schirick & Associates Insurance Brokers Inc. of Monticello, New York, which specializes in insuring camps, sports and recreation associations and other non-profit organizations, has merged with Bollinger Inc. Ed...
Top Buyers Remain Interested in Acquiring Agencies: Consultant
Jun 29 2011 // There will be a strong ongoing interest in acquisitions of independent agent and brokers through 2012, according to the channel’s most prolific buyers of agencies whose views are highlighted in a new report. Reagan...
Jury Weighs First U.S. Foreign Bribery Sting Case
Jun 29 2011 // Jurors have seen grenade launchers, M4 rifles and secretly recorded videos of military suppliers working on a deal to funnel money to an official of an African nation they wanted to buy their weapons. Now, after a six-week...
Former Ohio Insurance Agent Sentenced for $12,000 Theft
Jun 28 2011 // Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor announced that former insurance agent Alexis Prokup, of Perrysburg, Ohio, has been sentenced after pleading guilty to theft. Department of Insurance...
Broker Lockton Opens Memphis Office
Jun 28 2011 // Global insurance broker Lockton has opened a Memphis risk management and employee benefits operation. Joe Lammel, a long time insurance brokerage executive, will lead the office as executive vice president. Lammel spent...
