Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Great American Unveils Commercial Surety Online Underwriting System
Aug 5 2010 // The Bond Division of Great American Insurance Group, headquartered in Cincinnati, Ohio, announced the launch of mySurety, a commercial surety online underwriting and bond issuance system, a Web-based platform for agents to...
Conn. AG Barred from Releasing Agents’ Commission Data
Aug 3 2010 // The Connecticut Supreme Court said state Attorney General Richard Blumenthal cannot publicize confidential business documents obtained under subpoena in an antitrust probe, prompting him to say he might try to have the...
New Jersey Agent Pleads Guilty to $300K in Thefts
Aug 3 2010 // A New Jersey insurance broker has pleaded guilty to stealing more than $300,000 in premium payments from his clients, according to the state’s attorney general. Under a plea agreement with prosecutors, the state will...
Heffernan Insurance Focusing on Latin Markets
Aug 2 2010 // Walnut Creek, Calif.-based Heffernan Insurance Brokers has created a team of brokers focused on the Latin marketplace. Leticia Treviño, a commercial lines manager and vice president in Heffernan’s Walnut Creek...
Unleash the Power of Your Computer
Aug 2 2010 // How to Gain More Hours a Day Computers should bring efficiency and save a lot of time. But they can actually waste time if you don’t use them properly. Most agencies have an agency management system and a rating...
People
Aug 2 2010 // Thomas Allan has joined Boston-based Richards Robinson Sheppard Insurance as vice president. Allan specializes in construction accounts and has over 35 years of experience in the industry. Prior to joining Richards...
Upside of the Downside: P/C Brokers Serve Distressed Property Market
Aug 2 2010 // The vacant and distressed property segment has been a beacon of light for insurers and brokers as the economy has forced the closure of businesses and halted construction projects, resulting in a number of vacant buildings...
People
Aug 2 2010 // MarketScout Wholesale (MSW) has expanded operations opening a new location in Tampa, Florida. Greg Lyons joined MSW to lead Florida operations as a senior broker. Prior to joining MSW, Lyons was a property broker with...
Risk Managers Not Satisfied With U.S. Insurance Providers’ Service
Aug 2 2010 // Corporate risk managers report a serious and growing disconnect between themselves and their insurance brokers and carriers. At a time when U.S. companies are enhancing internal risk management capabilities and elevating...
How Program Partners Can Help Agents Sell Value
Aug 2 2010 // There is a quote from Warren Buffet that I want to put on my wall and send to all my colleagues: “Price is what you pay. Value is what you get.” Agents, brokers and underwriters should heed Mr. Buffet’s...
Risk Managers Not Satisfied With U.S. Insurance Providers’ Service
Aug 2 2010 // Corporate risk managers report a serious and growing disconnect between themselves and their insurance brokers and carriers. At a time when U.S. companies are enhancing internal risk management capabilities and elevating...
Top 100 2010 Privately-Held Independent Agencies
Aug 2 2010 // About This Report: The economy and soft insurance market continued to hammer some of the nation’s leading independent insurance agencies in 2009. Property/casualty premiums written fell for 37 percent of the...
Aon Will Begin Accepting Contingent Commissions Again
Aug 2 2010 // Giant insurance broker, Aon Corp., said it will resume taking contingent commissions from insurers where they are permitted – reversing its policy on the controversial compensation just six months after a legal...
8 Traits Top 100 Agencies Have in Common
Aug 2 2010 // Being One of the Largest Privately-Held Agencies Means Having Higher Overhead Costs Over the course of the past decade, our firm, C. R. Ekern & Co. has worked closely with over 25 percent of the Insurance Journal Top...
Illinois Insurance Agency, Agents Face Steep Fines; Licenses Revoked
Jul 30 2010 // The Illinois Department of Insurance revoked the insurance producer licenses of a Lake Bluff-based insurance agency and three insurance agents, including two from Antioch and one from Chicago, for the improper marketing...
Aon’s Q2 Results Boosted by Acquisitions, Brokerage Business
Jul 30 2010 // Aon reported net income of $153 million in the second quarter 2010, compared to $149 million for the prior year quarter. Net income from continuing operations increased 22 percent to $179 million, compared to $147 million...
Agent Gets 3 Years for Pocketing Premiums in New Jersey
Jul 29 2010 // A former Pennsylvania insurance agent has been sentenced to three years in prison for his role in scheme to steal hundreds of thousands of dollars in premiums, according to the New Jersey attorney general’s...
Smith Named Missouri Insurance Agents’ Person of the Year
Jul 29 2010 // Dennis Smith of Columbia, Mo., has been honored as the Missouri Association of Insurance Agents’ Insurance Person of the Year. The award was given at MAIA’s annual Leadership Conference on July 22. Smith...
Agency Employee Charged with Stealing $22K from New York Agency
Jul 28 2010 // The owner of a Woodside, New York insurance brokerage has been arrested for allegedly stealing $22,300 in commissions from an insurance agency that fired her. New York fraud investigators said Gohar Parunakyan, 40, of...
Whitney Joins Fremont’s Advisory Council, Technology Committee
Jul 28 2010 // Michigan-based Fremont Insurance Co. has appointed Ashley Whitney of Harbor/Brenn Agencies in Petoskey, Mich., to the company’s Agent’s Advisory Council. Whitney has also been asked to serve on the recently...
