Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Evergreen Insurance Managers Acquires Certain Intercontinental Insurance Accounts
Feb 25 2010 // Evergreen Insurance Managers Inc. of Beaverton, Ore., announced the purchase of a Penn-America Insurance Co., Penn-Star Insurance Co., United National Insurance Co. book of business, and certain brokerage accounts from...
North Dakota Commissioner Revokes Insurance Agent’s License
Feb 25 2010 // North Dakota Insurance Commissioner Adam Hamm has revoked the license of a Stutsman County insurance agent. Hamm says Kyle Cuypers failed to disclose criminal convictions on his insurance producer license application last...
Insurance Agent to Run for Oklahoma Insurance Commissioner Post
Feb 25 2010 // A Tulsa, Okla.-area insurance agent says he plans to run for state insurance commissioner this fall. Republican John Doak said he plans to mount a statewide campaign for the job now held by Insurance Commissioner Kim...
Texas Agent Named ACSR of the Year
Feb 25 2010 // The Insurance Agents & Brokers of America (IIABA or the Big “I”) announced that Patricia Ann Daniel of Extraco Insurance in Waco, Texas, has been named Accredited Customer Service Representative (ACSR) of...
Big ‘I’ Agents Gain Access to Engineering Firms’ Insurance Program
Feb 24 2010 // The Independent Agents & Brokers of America Big “I” Markets program announced a partnership with the American Council of Engineering Companies (ACEC) to provide Big “I” members with exclusive...
New Jersey Insurance Agent Indicted for Stealing $300K in Premiums
Feb 24 2010 // The former CEO of a now-defunct insurance agency in New Jersey has been indicted for stealing over $300,000 in commercial insurance premiums. Richard Pisacane, former head of Bayonne-based Northern Financial Group, has...
Florida Property Insurance: Northern Capital Loses Rating; HomeWise Consolidates
Feb 24 2010 // One fast-growing Florida homeowner insurer has had its rating pulled by its rating agency and reportedly halted new business while another domestic carrier is consolidating its business into one company from two. Northern...
Aon Founder Ryan Launches Specialty Wholesale Insurance Group
Feb 23 2010 // The founder and retired chairman and CEO of the world’s largest insurance broker, Aon, has revealed the management team and a second subsidiary for his new global specialty insurance operation whose first company was...
Rating Agencies React to Fairfax Zenith Deal; See No Ratings Change
Feb 22 2010 // Neither Standard & Poor’s Ratings Services nor A.M. Best are currently expecting to change their ratings on Zenith National Insurance Corp or on Toronto-based Fairfax Financial Holdings, following the...
Connecticut Insurance Agent Faces Sentencing for Fraud
Feb 22 2010 // A Waterbury businessman faces sentencing for ripping off clients of more than $1.3 million, which he used to gamble at Connecticut’s casinos. Thomas Cipriano has pleaded guilty to mail fraud and money laundering. The...
California Regulator Considering Regs to Alleviate Underinsurance
Feb 22 2010 // The California Department of Insurance is considering proposing new regulations governing standards and training for estimating replacement value on homeowners’ insurance. Among the ideas that was floated at a recent...
Trusted Choice
Feb 21 2010 // Just when producers thought it was safe, mandatory compensation disclosure has reared its ugly head again. In a move that has its origins in the Spitzer days, New York regulators are mandating that insurance agents and...
People
Feb 21 2010 // The Independent Insurance Agents of Texas (IIAT) on Feb. 2 presented its 2010 Independent Leadership Award to Joe Straus III, speaker of the Texas House of Representatives. The Independent Leadership Award was presented...
Insurance Agents Fined for Not Having Written Security Plans
Feb 21 2010 // Recent headlines underscore the importance of agents having written security plans to protect the privacy of their clients’ personal information. In the first case, the Virginia Bureau of Insurance fined an agent...
How Program Partners Can Help You Sell Value
Feb 21 2010 // “Price is what you pay. Value is what you get.”—Warren Buffet Agents, brokers and underwriters should heed Mr. Buffet’s advice and consider how they’re doing business. I’ll bet if I asked...
M&A Activity at Decade Lows
Feb 21 2010 // Leading into 2009, agencies were at a crossroads; uncertain of whether to sell, buy, or implement new or improved organic growth strategies. The path was uncertain, but it was widely believed that market, economic and...
101 Things Young Agents Like MOST
Feb 21 2010 // The exclusive 2010 Insurance Journal Young Agents Survey asked independent agents 40 years old and younger: What do you like most about being an independent agent? Here’s what some of the 631 agents who responded had...
Dispelling the Myth That Wholesalers Add Cost
Feb 21 2010 // Your current retail broker is using a wholesaler and it’s adding to the cost of business. We can reduce your costs by eliminating the wholesaler.” How many times have retail agents and brokers said this when...
Young Agents Survey
Feb 21 2010 // Most enter the insurance business by accident but for young independent insurance agents, the decision to stick with insurance as a permanent career is a matter of choice. A healthy 84 percent of young insurance agents say...
Risks in a Bad Economy
Feb 21 2010 // Agents Take Note of New Errors and Omissions Exposures The current economic turmoil is wreaking havoc across the board. Businesses are downsizing or going out of business. Families are suffering from lost jobs and...
