Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
UK MGAs Gather to Support New Managing General Agents’ Association
Nov 24 2010 // The UK’s insurance industry has spawned numerous professional and trade associations over the years, but, oddly enough, one of the most important sectors, the managing general agents, or MGA’s, who underwrite...
IIAH Young Agents Begins 2nd Annual Be An Angel Drive
Nov 24 2010 // The IIAH Young Agents of Houston kicked off their second Annual Be An Angel Drive with a silent auction that was held at the IIAH 2010-2011 Officer Installation Dinner in September. By the end of the night, the Young...
California Delays Licensing Implementation Six Months
Nov 24 2010 // The California Department of Insurance is delaying for six months the implementation of a new licensing requirement for fire and casualty licensees that want to sell health insurance. AB 2782 would have required existing...
Sierra Specialty Names Silberstein Broker in Hawaii
Nov 23 2010 // Sierra Specialty of Clovis, Calif., has added Jean Silberstein as a broker to expand the company’s presence in Hawaii. Silberstein moved to Hawaii in 1978 and worked in the insurance wholesale business before...
Black Friday, Cyber Monday: Holiday Shopping Rush Brings Risks
Nov 23 2010 // Americans’ spending hits a fever pitch during the holidays and two days in particular – “Black Friday” and “Cyber Monday” – leave retailers and consumers vulnerable to different...
Trustees for LexisNexis Insurance Exchange Named
Nov 22 2010 // The insurance technology platform that promises to streamline transactions between insurance agents/brokers and their carriers now has a formal advisory board to guide data privacy, pricing and other policies. The new...
New York Agents Lose Court Battle over Compensation Disclosure
Nov 22 2010 // New York agents failed to make their case that insurance regulators cannot require agents and brokers to disclose their commissions, a Supreme Court judge has ruled. That just-released decision by Supreme Court Justice...
Health Insurance Brokers May Ask Congress to Protect Commissions
Nov 22 2010 // As insurance brokers feared, the Obama Administration has not exempted broker commissions from the formula for the medical loss ratio that health insurers must adhere to beginning in 2011. Brokers say they may ask Congress...
Hong Kong Broker Houlder Insurance Joins Assurex Global
Nov 18 2010 // Assurex Global, the international network of independent insurance brokers, has added Houlder Insurance Brokers Far East Limited of Hong Kong to its exclusive list of Partners, bringing total membership in the network to...
Hulk Hogan Adds Ex-Wife as Defendant in Insurance Broker Suit
Nov 18 2010 // Celebrity wrestler Hulk Hogan’s attorneys have added his ex-wife as a defendant to a lawsuit against his insurance broker for allegedly failing to adequately protect his fortune. The lawsuit claims Wells Fargo...
Calif. Agent Association Wants to Phase-In New License Requirements
Nov 18 2010 // Insurance Brokers and Agents of the West (IBA West) is working to persuade the California Department of Insurance to phase-in implementation of provisions of a new law (AB 2782) that will require property/casualty...
How an E&O Claim Could Affect Agency Employee’s Career
Nov 18 2010 // Today’s soft insurance market, reduced commissions and a tough economy for agency owners and their clients might be adding to agency errors and omissions (E&O) exposures. But agency owners are not the only ones...
Rockwood Reduces Premiums for Its Life Agent E&O Product
Nov 17 2010 // Rockwood Reduces Premiums for Its Life Agent E&O Product Rockwood Programs, Inc. has implemented premium reductions of about 20 percent for its life agent’s errors and omissions (E&O). More significant...
Reinsurance Broker UIB Asia to Use AIR Catastrophe Models
Nov 17 2010 // Boston-based AIR Worldwide announced that UIB Asia Reinsurance Brokers Pte Ltd, a subsidiary of UIB International/UIB Holdings UK Ltd, has licensed AIR’s catastrophe risk management systems. “UIB is an...
Tennessee Insurance Department Easily Passes State Audit
Nov 17 2010 // A government audit of the Tennessee Department of Commerce and Insurance (TDCI) has found that the agency has managed to reduce costs and operate efficiently during the economic downturn. In fact, the state...
The Hanover Adds Specialized Classes to Healthcare Portfolio
Nov 16 2010 // The Hanover Insurance Group, Inc. has introduced specialized capabilities for three areas of the healthcare industry: durable medical equipment, diagnostic services and homecare services. The new capabilities will protect...
Broker Wins Appeal Against CRC Insurance Services
Nov 15 2010 // The California Court of Appeal, Second Appellate District, has reversed a lower court’s $4.2 million judgment against former CRC Insurance Services broker Constance Callan. According to court documents in Constance...
Willis Appoints Two New Regional Managers to UK Broker Network
Nov 15 2010 // Willis Group Holdings has appointed two new Regional Managing Directors for Willis Networks, the global insurance broker’s alliance with local, independent brokers in the UK. Mike Rush will be responsible for Willis...
North Carolina Agent Accused of Filing False House Fire Claim
Nov 15 2010 // Frances Moore, of Moravian Falls,. N.C., an insurance agent and owner and operator of Fran Moore Allstate Agency, has been charged with 14 counts of insurance fraud, according to officials. Insurance Commissioner Wayne...
Regulators Tell New York Agents How to Reveal Their Commissions
Nov 14 2010 // New York regulators have finalized guidelines for how agents and brokers are to reveal to clients their commissions, but at least one trade group says any changes to the rules thus far have been...
