Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
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)...
People
Jun 20 2011 // Bolton & Co. based in Pasadena, Calif., named Brett Schulz assistant vice president in the Property & Casualty division. Schulz brings more than 12 years of professional experience working with businesses to...
Calif. Agents Group Seeks Auto Insurance Persistency Discount
Jun 20 2011 // The American Agents Alliance announced it has submitted for title and summary an automobile insurance discount initiative that would allow consumers to receive a discount for having continuous automobile insurance,...
Brokers See No Change in Sight for Apartment Market
Jun 20 2011 // Rates Remain Competitive Despite Fewer Carriers, More Catastrophe Losses For apartment owners, the insurance market remains as competitive as it gets. Despite the sometimes heavy exposures that encompass the habitational...
Schreter Joins Bolton & Co.
Jun 17 2011 // Pasadena, Calif.-based insurance broker Bolton & Co., has named Jonathan Schreter assistant vice president in the Property & Casualty Division. Schreter began his insurance career with Hoffman and Brown in 2004...
Surplus Lines Sea Change: Calif.’s AB 315
Jun 17 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...
West Virginia Reports State Agencies’ Workers’ Compensation Data
Jun 17 2011 // State figures show the West Virginia Department of Military Affairs and Public Safety had the worst workers’ compensation record among state agencies over the past five years. The department had $10.8 million in...
SEC Says Brokerage Fund Should Compensate Stanford Victims
Jun 16 2011 // In a major victory for victims of Allen Stanford’s alleged Ponzi scheme, U.S. regulators have concluded that they should be compensated by a brokerage industry-backed fund. The decision announced Wednesday by the...
SEC Proposes Tighter Rules for Securities Brokers
Jun 15 2011 // U.S securities brokers would be more closely scrutinized by accountants and be subject to stricter rules for how they handle their customers’ assets under a plan proposed by federal regulators Wednesday. The proposal...
Texas Agents to Lend Helping Hand to Houston’s KIPP PEACE Campus
Jun 14 2011 // The Independent Insurance Agents of Texas (IIAT) and its Trusted Choice agencies, insurance representatives and other insurance professionals from across the state will gather in Houston, June 22-24, for IIAT’s 114th...
Rio Grande Valley Insurance Broker Sentenced to Prison
Jun 13 2011 // A 47-year-old Harlingen 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...
SIAA Adds 33 Members in May; 4 Are South Central Agencies
Jun 13 2011 // New Hampshire-based Strategic Insurance Agency Alliance (SIAA) announced it signed 33 new members in May. Of these, 24 are liberated “captive agents” new to the independent agency system – bringing new...
New York Health Insurance Exchange Bill Preserves Agents’ Role
Jun 10 2011 // New York agents are cheering a new Senate bill that guarantees a role for producers in the state’s health insurance exchange. A bill introduced yesterday by Sens. James L. Seward (R-Milford) and Kemp Hannon (R-Garden...
Last Chance: Submit Today to be a Top 100 Independent Agency
Jun 10 2011 // Don’t miss your chance to participate in the 2011 Top 100 Property/Casualty Independent Insurance Agencies report. The extended deadline is now Friday, June 17! Insurance Journal’s Top 100 identifies the...
Ohio Insurance Agent’s License Revoked
Jun 10 2011 // Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor revoked the resident insurance agent license of Jeffrey Hum, of Toledo, Ohio, for violations of Ohio insurance law. A department review revealed...
