Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Massachusetts Revises Workers’ Comp Paperwork Snafu
Nov 14 2010 // Bowing to pressure from insurers and agent groups, Massachusetts safety regulators have eased new workers’ comp paperwork requirements for some out-of-state contractors. At issue is a form used by inspectors to...
North Dakota Agent Pleads Guilty, Loses License, Now on Probation
Nov 14 2010 // A North Dakota insurance agent has pleaded guilty to conning a Grand Forks real estate company into paying more than $64,000 for nonexistent home policies. David Glessner of Grand Forks reached a plea agreement with...
Reporting Firms Face Risks as U.S. Cracks Down on Medicare, Medicaid Costs
Nov 14 2010 // New Insurance Products Cover Risks Created by New Laws and Regulations The federal government’s crackdown on fraud and errors in Medicare and Medicaid is raising liability issues for firms that specialize in managing...
3 Ways to Boost P/C Agency Revenues with Life Insurance Sales
Nov 14 2010 // When I was a regional advisor for a multiline insurance company we were always looking for ways to help agents build more profitable agencies. The most successful agents invariably had a system to promote life insurance...
People
Nov 14 2010 // The National Association of Insurance Commissioners (NAIC) elected Louisiana Insurance Commissioner James J. Donelon as Secretary-Treasurer for 2011. Donelon is presently serving on the Executive Committee of the NAIC and...
Insurance Agent Elected to Arkansas Lieutenant Governor Post
Nov 14 2010 // Republican Mark Darr, an insurance agent, will be Arkansas’ next lieutenant governor, having beaten Democrat Shane Broadway on Nov. 2. Darr, from Rogers, clinched the victory in a close race in his first attempt at...
California Approves Amendments to Privacy Regulations
Nov 14 2010 // In what’s being called “a major victory for insurance agents and brokers,” the California Office of Administrative Law has approved Department of Insurance plans to repeal certain portions of its privacy...
Agency Saved From the Storm by Cloud Technology
Nov 14 2010 // In the midst of a disaster, our customers count on us to get our jobs done … No excuses!” That promise by County Wide Insurance, an agency in Dexter, Mo., was severely tested on Jan. 27, 2009, when an ice storm...
Lloyd’s New Director of North America, McGovern, Navigates Turbulent Waters
Nov 14 2010 // Addressing Changes in EU and U.S. Regulations; North American Lloyd’s Reorganization Sean McGovern, Lloyd’s general counsel and, since February 2010, the director of Lloyd’s North America, may still have...
Why Cash Flow Outweighs Profits in a Tough Economy
Nov 14 2010 // Simple Steps to Improve Agency Cash Flow Cash flow today is probably more critical to small businesses than anytime in 20 or maybe even 40 years. This is especially true for agencies. I have seen many articles written...
Big ‘I’ Gives $1.7M to Shape New Congress
Nov 14 2010 // The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) said that its political action committee, InsurPac, distributed more than $1.7 million in the 2010 campaign cycle resulting in a...
M&A Activity Heats Up
Nov 14 2010 // The Race to the Finish Line Merger and acquisition (M&A) activity between July and September was robust making the third quarter the most active with 61 deals versus 36 last year. Deal volume for the first nine months...
Personal Lines Leaders
Nov 14 2010 // About the Personal Lines Leaders: The 2010 Personal Lines Leaders in this special feature are taken from Insurance Journal’s Top 100 Property/Casualty Independent Agencies as reported in August. This list utilizes...
Use Digital Marketing to Attract Smart Young Producers
Nov 14 2010 // Young Hires Serve as Both Teachers and Student In one way, today’s high unemployment rate is helpful in the agency business. It assists when it comes to recruiting new, youthful producers. There are tons of young,...
People
Nov 14 2010 // Connecticut-based managing general agency Business Risk Partners has named Mark Bradway as director of broker relations. He has worked in specialty liability for over a decade. He began his career at wholesale broker Swett...
Sullivan Brokers Names Smith President
Nov 12 2010 // Thomas E. Smith has joined Sullivan Brokers Wholesale Insurance Services as president. Most recently, Smith was Great American Insurance Company Division President of Great American Custom Insurance Services. Sullivan...
BrokersLink Appoints Casanueva to Board of Directors
Nov 12 2010 // BrokersLink, a major independent insurance broker alliance whose members manage premium volumes in excess of $10 billion, has appointed Juan Ignacio Casanueva, Chairman of the Casanueva Perez Group in Mexico, to its board...
Aon Warns Re/insurers of Heightened Rating Agency Scrutiny in Asia
Nov 11 2010 // Aon Benfield announced that it is “advising re/insurers that rating agencies are likely to increase their scrutiny of catastrophe risk in Asia and that many companies will have to make substantial investments to...
Late Filings of Surplus Lines Policies Draw Fines in Texas
Nov 10 2010 // If enforcement actions taken by the Texas Department of Insurance this year in response to late filing of surplus lines insurance policies with the state stamping office were meant to capture the attention of managing...
Thom Smith Joins Sullivan Brokers as President
Nov 9 2010 // Los Angeles, CA – 9 November 2010 – Thomas E. Smith has joined Sullivan Brokers Wholesale Insurance Services as President effective November 8, 2010. Most recently, Smith was Great American Insurance Company...
