Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Lance Surety Bond Associates Bridges the Surety Gap for Insurance Agencies
Jul 19 2010 // July 19, 2010 – Lance Surety Bond Associates Inc., a Doylestown, PA-based surety bond agency able to write bonds in all 50 states, announced that they have launched a campaign to become the surety bond source for...
R-T Specialty Acquires Chartwell Independent Insurance Brokers
Jul 19 2010 // R-T Specialty LLC, the wholesale brokerage unit of Ryan Specialty Group LLC based in Chicago, has acquired Los Angeles-based Chartwell Independent Insurance Brokers LLC. Chartwell, founded in September 2004 by Ben Beazley,...
How to Make Agent-Wholesale Relationships Work
Jul 16 2010 // It’s no secret. Insurance is a relationship business. And the agent-wholesale broker relationship is no exception. The continued soft market hasn’t stifled relationships either. Wholesale brokers are still a...
Agents Applaud House Passage of Flood Insurance Program Extension
Jul 16 2010 // The U.S. House of Representatives has a measure extending the federal flood insurance program for five years. The bill, H.R. 5114, the “Flood Insurance Reform Priorities Act of 2010,” sponsored by Rep. Maxine...
Crop Insurers Reluctantly Agree to $600 Million a Year Subsidy Cut
Jul 15 2010 // All 16 private insurance companies that participate in a federal crop insurance program have signed off on the new federal reinsurance agreement that cuts the subsidies they get by $600 million a year for the next 10...
Marsh Launches New Global Rail Practice
Jul 15 2010 // Insurance broker Marsh has appointed three industry veterans to its new Global Rail practice. Jim Beardsley joins the unit as Global Leader. Joining him are Jim Wolfarth as senior vice president, Casualty, and John Raymond...
Insurance Brokers Plead Not Guilty to New Jersey Fraud
Jul 15 2010 // Three insurance brokers from Maryland have pleaded not guilty to charges that they bilked the city of Perth Amboy, N.J., out of more than $216,000 by collecting payments for a nonexistent wellness program for city...
National Interstate Expands Commercial Auto to 4 More States; Seeks Agents
Jul 14 2010 // National Interstate Insurance Co. is now making its commercial vehicle insurance product available in Alabama, Georgia, Tennessee and Virginia. The Richfield, Ohio company said it is actively seeking to increase its...
Keystone Adds Hall & Clark, Ison as Kentucky Partner Agencies
Jul 14 2010 // Keystone Insurers Group has added two more franchisees to its expanding list of Kentucky partner agencies. Hall & Clark Insurance Agency in Prestonsburg and Ison Insurance Agency of West Liberty join KIG’s 17...
Virginia Start-Up Hilb Group Acquires North Carolina, New York Agencies
Jul 14 2010 // The Hilb Group, a Virginia insurance brokerage launched in 2009 by the founder of what became one of the world’s largest brokerages along with his son, has added its first two partners as it begins building a...
Survey: Risk Managers More Concerned About Total Cost of Risk
Jul 14 2010 // Corporate risk and finance managers, faced with the lingering effects of a global financial crisis, dramatically downsized staffs and reduced budgets are becoming increasingly concerned about managing those expenditures as...
Portland Agencies Rogers, Fitzwalter & Powell and Elliott, Powell, Baden & Baker Join Forces
Jul 9 2010 // Long-time Portland, Ore.-based independent insurance agencies Rogers, Fitzwalter & Powell Inc. has relocated to join forces with Elliott, Powell, Baden & Baker Inc. EPB&B President Marc Baker, announced that...
Insurance Skills Center Names Koch Managing Director
Jul 8 2010 // Insurance Brokers and Agents of the West’s (IBA West) education division, Insurance Skills Center (ISC), has entered into an agreement with Cheryl L. Koch, president and CEO of Agency Management Resource Group, for...
Brokers in London Market Survey ‘More Positive’ about Lloyd’s
Jul 8 2010 // “Brokers are now significantly more positive about conducting business at Lloyd’s than two years ago,” according to a survey of the Lloyd’s market from part of the Gracechurch London Market Study...
Louisiana Agent Accused of Misappropriating Premium
Jul 8 2010 // A West Monroe, La., agent has been served by Department of Insurance Fraud Section Investigators with a cease and desist order, a summary suspension order and fine notice for alleged misappropriation and...
Latin Insurance Agent Groups Growing, Going Mainstream
Jul 7 2010 // A group of New York insurance agents has launched a new trade group for Latin insurance producers as well as brokers who serve the Hispanic community in the Northeast. LABA is not the first group geared toward insurance...
How P&C Agents Can Benefit from Upcoming Health Insurance Boom
Jul 7 2010 // For independent insurance agents, upcoming healthcare reform could be an opportunity to gain a bigger share of the health insurance and benefits market, provided they can properly advise their customers about their...
10 New York Students Among 58 InVEST Scholarship Winners
Jul 7 2010 // InVEST, the insurance industry’s career education program, has awarded $56,500 in scholarships to 58 college-bound students pursuing insurance-related degrees, including 10 students from New York. Patrick Moore,...
Farmers Introduces Institutional Business Owners Policy Through Texas Agents
Jul 7 2010 // Farmers Group of Cos. has introduced an institutional business owners policy (iBOP) for institutions across America, which will be offered by Farmers agents in Texas. iBOP is designed to serve a spectrum of religious...
Washington Agents Advised to Update Listing on OIC Web Site
Jul 7 2010 // Washington agents and brokers are being advised to update the licensing business address with the Office of the Insurance Commissioner. In October, the OIC will launch a new search feature on its Web site to help consumers...
