Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Agents’ E&O: What Do YOU Know? Take Insurance Journal’s Survey Now
Oct 7 2010 // It’s time again for Insurance Journal to find out what’s been going on with Insurance Agents’ Errors & Omissions Insurance. IJ’s annual survey solicits the experiences and opinions of...
The Future for Independent Insurance Agencies
Oct 6 2010 // I believe the future of independent insurance agencies is at a tipping point. A number of forces are pushing agencies toward the precipice of major change. A few of those forces include: legislation, case law, the Web,...
A Wealth of Risks: Serving High Income Clientele
Oct 5 2010 // For insurance agents, there is a lesson to be learned from Hulk Hogan — particularly about the pitfalls of selling coverage to wealthy clients. The well-known, ex-professional wrestler turned reality TV star is suing...
Out-of-State Agents Blast Massachusetts Paperwork Requirement
Oct 4 2010 // A trade group for agents in several Northeast states are urging Massachusetts regulators to rethink new paperwork requirements for out-of-state businesses’ workers’ comp coverage. Massachusetts Division of...
Idaho Insurance Agent Sentenced in Fraud Case
Oct 4 2010 // An Idaho judge has ordered an insurance agent from Rathdrum to spend 20 days in jail and pay more than $4,200 in restitution for insurance fraud. Former Mutual of Omaha agent Wesley Bruce Thompson pleaded guilty to the...
Texas Agency’s iPhone App Lets Customers Reach Agent on Their Terms
Oct 4 2010 // Who says insurance agents aren’t cool? A Texas-based independent insurance agency has proven they know what’s up with a new iPhone application that gives their customers access to important account information...
Michigan Officials Seek to Force Broker to Remit $1.3 Million Owed to Insurers
Oct 4 2010 // Michigan insurance officials have gone to court to force a Troy insurance broker to remit $1.3 million in premiums he owes to multiple insurance companies. The Office of Financial and Insurance Regulation petitioned the...
Some Rezoned Flood Insurance Policyholders Get Price Break
Oct 4 2010 // The nation’s flood insurance program is extending the availability of lower cost policies for some property owners who have been recently remapped into higher-priced areas. Since 2008, many homes and businesses in...
Florida Concerned Medical Ratio Rule Will Marginalize Agents
Oct 4 2010 // The Florida Office of Insurance Regulation (OIR) recently conducted a public hearing with the Florida Health Insurance Advisory Board (FHIAB) to review the impact of the federal Medical Loss Ratio (MLR) requirements. The...
People
Oct 4 2010 // The Hartford has appointed Lisa Morgan as senior vice president of its Middle Market commercial insurance business. Morgan will lead The Hartford’s $2 billion middle market commercial insurance unit that serves...
People
Oct 4 2010 // Watkins Insurance Group, one of the largest full-service, locally owned independent insurance agencies in central Texas, added agent Andy Webb to its sales team. Webb began his career in the insurance industry in March...
Eligibility for Preferred Risk Flood Insurance Pricing to Be Extended
Oct 4 2010 // Since 2008, many homes and businesses in the United States have been re-zoned on Federal Emergency Management Administration flood hazard maps from low-to-moderate flood risk areas into higher risk areas, and vice versa....
California Modifies Privacy Regulations, Makes Insurance Shopping Easier
Oct 4 2010 // In what’s being called “a major victory for insurance agents and brokers,” the California Department of Insurance has notified the California Office of Administrative Law of its intention to repeal...
People
Oct 4 2010 // Salt Lake City-based The Buckner Co. named Mark A. Oligschlaeger executive vice president/chief operations officer. He joins the insurance firm after having spent the past 12 years working for Leucadia National Corp.,...
Agents to Calif. State Fund: Please Pay Commissions
Oct 4 2010 // Insurance agents and brokers want the California State Compensation Insurance Fund to change its broker of service policy and instead recognize broker of record (BOR) letters. While the policy not to recognize BOR letters...
Eligibility for Preferred Risk Flood Insurance Pricing to Be Extended
Oct 4 2010 // Since 2008, many homes and businesses in the United States have been re-zoned on Federal Emergency Management Administration flood hazard maps from low to moderate flood risk areas into higher risk areas, and vice versa....
For Award Winning CSR, Going ‘Above and Beyond’ is Part of the Job
Oct 4 2010 // What does it take to deliver outstanding customer service? Kimberly J. Muesse, a senior account manager with the Lockton Companies in Houston, should know. She’s won a string of awards during her 25-plus years in the...
Clock is Ticking on Surplus Lines Tax Reform
Oct 4 2010 // With Less Than a Year to Go, Can States Agree on Tax Sharing Plan? The insurance industry called the passage of the Wall Street Reform & Consumer Protection Act on July 21, 2010, a “big win” thanks to...
A Wonderful Life
Oct 4 2010 // McQueary Henry Bowles Troy Soars High With Faith, Texas Values and the Ultimate Angel Investor If a creative insurance cinematographer were to capture the story of McQueary Henry Bowles Troy LLP, it might appear to be a...
What’s In the NRRA?
Oct 4 2010 // Reporting, Payment, and Allocation of Premium Taxes: Only the home state of insured may require premium tax payment. States may enter into a compact or other procedures to allocate among the states taxes paid to home...
