Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
McAuley Woods Midwest Team Shifts to Maximum
Nov 9 2010 // Maximum Independent Brokerage LLC, a Chicago-based excess and surplus lines wholesale brokerage, announced it is hiring the entire team of McAuley Woods Midwest office effective immediately. Adrian Smith, along with his...
Marsh Signs Exclusive Agreement with Iraqi Broker
Nov 9 2010 // Marsh announced that it has signed a mutually exclusive agreement with Anglo Arab Insurance Brokers (AAIB), “the only international broker to be licensed and registered to operate in Iraq with offices across the...
Two North Dakota Insurance Agents Lose Licenses
Nov 9 2010 // North Dakota Insurance Commissioner Adam Hamm has revoked the licenses of two insurance agents. Hamm has barred a Fargo insurance agent Janet Lulay from doing insurance work in the state. He says Lulay accepted a check...
Calif. State Fund Revises Broker of Record Policy
Nov 9 2010 // California’s State Compensation Insurance Fund announced it has revised its broker of record policy, as well as filed for a 5.2 percent overall rate increase for 2011. The rate filing also includes changes that it...
North Dakota Insurance Agent Accused of Theft
Nov 8 2010 // Bond has been set at $17,500 for a Minot, N.D., insurance agent facing a felony theft charge. State Insurance Commissioner Adam Hamm says 57-year-old Alan Henning allegedly stole more than $800,000 by obtaining...
U.S. Risk Names Wafer an Associate Broker in Houston
Nov 8 2010 // Managing general agency and surplus lines wholesaler, U.S. Risk Insurance Group Inc., has named Elizabeth Wafer an associate broker working with Ann Meyer, senior broker, in the Houston, Texas, office. Wafer brings with...
California Approves Amendments to Privacy Regulations
Nov 8 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...
Why Now Is a Good Time for Agency Network Growth
Nov 5 2010 // They go by many names — networks, alliances, franchises, clusters and aggregators — but all have similar goals. Aggregator groups have been around the insurance industry for more than three decades but in the past few...
North Dakota Agent Pleads Guilty to Insurance Fraud
Nov 5 2010 // An insurance agent has pleaded guilty to conning a Grand Forks real estate company into paying more than $64,000 for nonexistent home policies. Forty-four-year-old David Glessner of Grand Forks reached a plea agreement...
Massachusetts Revises Workers’ Comp Paperwork Snafu
Nov 5 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...
Big ‘I’ Insurance Agents Gave $1.7 Million to Shape New Congress
Nov 3 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...
Calif. State Fund: Getting Better Day by Day
Nov 3 2010 // In the ever controversial topic of workers’ compensation insurance in California, State Compensation Insurance Fund President and CEO Tom Rowe seemingly offers a bit of Zen. Rowe, who took the helm of the company in...
Liberty Mutual Introduces Monoline Equipment Breakdown Product
Nov 2 2010 // Liberty Mutual expands its equipment breakdown (EB) offering with the launch of PowerPro Select, an expansive monoline product for companies that prefer separate EB coverage. With the addition of PowerPro Select, Liberty...
What Agents Can Do
Nov 1 2010 // Several steps agents can take to reduce their general E&O exposure: Sally: “By far, the most common claim is simply an allegation of failure to place coverage. The most reliable way to prevent these is written...
E&O for Agents – A Necessity Even if Mistakes Don’t Happen
Nov 1 2010 // Errors and omissions insurance is available, and necessary, not just because mistakes happen. A customer’s perception can be that the reason a loss was not covered, valid or not, was the result of an agent’s...
Michigan Alleges $50 Million Fraud Involving 41 Agents
Nov 1 2010 // Michigan insurance officials say they have identified 41 out of a possible 76 American Benefit Concepts (ABC) insurance agents responsible for selling fraudulent investment products in several multi-million dollar...
Reducing E&O Exposures: What Agents Need to Know
Nov 1 2010 // Data Breach, Privacy Claims and Certificates of Insurance Costly Exposures for Agents Insurance agents who fail to keep up with ever-changing legislation, regulations, policies and forms are opening themselves up to costly...
People
Nov 1 2010 // Liberty Northwest, a Liberty Mutual Agency Markets regional company, appointed Danny R. Schamma to vice president, finance. He will direct the business planning process, oversee financial reporting and analysis, and...
What Agents Can Do
Nov 1 2010 // Several steps agents can take to reduce their general E&O exposure: Sally: “By far, the most common claim is simply an allegation of failure to place coverage. The most reliable way to prevent these is written...
Agency Saved From the Storm by Cloud Technology
Nov 1 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...
