Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Texas Agent and Former Windstorm Association Chair Dies at 81
Jan 29 2010 // Corpus Christi independent insurance agent and former Texas Windstorm Insurance Association chairman, Lloyd L. Grove Jr., passed away Jan. 24 at the age of 81. Throughout his 50-year career Grove was actively involved in...
Insurance Brokers and Agents of the West Names Officers, Award Winner
Jan 29 2010 // Insurance Brokers and Agents of the West (IBA West), awarded the Ramsden/Sullivan Memorial Award to Robert B. Suhr and slated its officers and directors for 2010 at its annual meeting. Suhr is a Santa Clara, Calif.,...
2010 Will Challenge Calif. Insurance Agents, But Bright Spots Ahead
Jan 29 2010 // In 2009, independent insurance agents and brokers faced a “perfect storm” with the economic downturn, premiums at a fraction of what they used to be, and unemployment and home foreclosure rates up. But 2010 may...
Icelandic Insurer Exista HF Raided by Anti-fraud Agents
Jan 28 2010 // Law enforcement agents from Britain and Iceland searched the premises of Icelandic insurer Exista HF on Tuesday in a probe related to the trading of shares in other companies. The company said Tuesday its offices in...
Kansas City Agent Convicted of Fraud Sentenced to 15 Years in Jail
Jan 28 2010 // The Kansas Insurance Department (KID) reported that a former Kansas City-area insurance agent has been convicted on federal charges of insurance and mortgage fraud, and handed a 15-year jail term. Investigators from the...
Hales Reports Brokerage M&As Down 40% in 2009; Expects Better 2010
Jan 28 2010 // A prolonged soft market coupled with the worst economic period since the Great Depression as well as uncertainty related to national health care reform, caused insurance brokerage buyers and sellers to struggle with how to...
U.S. Judge Dismisses Claims Against Moody’s, Standard & Poor’s
Jan 27 2010 // In a victory for ratings agencies, a U.S. judge Tuesday dismissed claims against Moody’s Corp. and McGraw-Hill’s Standard & Poor’s in litigation over nearly $100 billion of Lehman Brothers Holdings...
Insurance Agents 40-and-Younger: What Are YOU Thinking? Exclusive Young Agents Survey
Jan 27 2010 // Young property/casualty insurance agents and brokers across the U.S. are being called upon to answer some questions … and have some fun. Who are you? What do you really think about your career? About your industry?...
docSTAR Document Management Expands Insurance Software Line
Jan 26 2010 // Renewal marketing now delivered through streamlined submission packages. Schenectady, NY – January 26, 2010 – docSTAR, the leading provider of insurance document management software, has released a brand new...
Keystone Insurers Adds 4 More Kentucky Agencies
Jan 26 2010 // Limestone Insurance, Lexington Insurance Agency, Inc., Durrett Insurance and Insuramax have joined Keystone Insurers Group (KIG), bringing KIG’s number of agencies in Kentucky to six. Keystone is the nation’s...
Illinois Fines Insurance Agent, Agency $100K and Revokes Licenses
Jan 26 2010 // The Illinois Department of Insurance has revoked the licenses to sell insurance of Daniel Martin Deitz of Bloomingdale and his Schaumburg-based agency Danny Martin CLU and Associates (collectively “Martin”) and...
Georgia Insurance Broker’s Bookkeeper Charged With Stealing $1 MIllion
Jan 25 2010 // A 63-year-old former bookkeeper at a Dalton, Georgia insurance brokerage is facing federal charges she embezzled more than $1 million from her employer. Prosecutors say Carolyn Lynn Cherry of Chatsworth forged her...
Washington to Tackle Credit Scoring, Streamline Agent/Broker Licensing
Jan 24 2010 // Bills to ban the use of credit scoring, streamline the licensing of agents and brokers, and improve health care are all on Washington’s Office of the Insurance Commissioner’s (OIC) legislative agenda for 2010....
People
Jan 24 2010 // Todd Richardson has been promoted to regional vice president – State Auto Middle Markets Insurance (SAMMI) for the company’s Western region, which includes Utah, Colorado, Arizona, Oklahoma and Texas....
Will Gay Marriage Bring Marketing Opportunities for Agents?
Jan 24 2010 // The Market Is Huge, but Some Independents Say It’s Difficult In business, change brings opportunity. And when it comes to the rapid wave of states that have recently legalized gay marriage, some see a marketing...
New York Sees Promise in Own London-Like Market
Jan 24 2010 // But Skeptics Question Timing for Revival of U.S. Insurance Exchange A recently announced plan by New York’s governor to boost his state’s financial services industry by recreating the New York Insurance...
Insurers to Curb Agency Compensation in 2010, Ward Group Study Finds
Jan 24 2010 // Total property/casualty insurance agency compensation is expected to decrease slightly in 2010, largely due to contingent commission changes. Four out of 10 insurance companies plan to modify their agent compensation plans...
Why Carriers Invest in Education
Jan 24 2010 // Carriers Say Benefits in Producer Sales Education Well Worth the Investment For years, many insurance companies prided themselves on running successful producer training programs for the independent agents who represented...
Insurance Journal Founder, Publisher Enter Insurance Hall of Fame
Jan 24 2010 // The Insurance Media Association named Insurance Journal‘s Founder Mark Wells Sr., and Publisher Mark Wells Jr. as the 2009 inductees into the Insurance Media Hall-Of-Fame. Insurance Journal, considered the most-read...
How Small Group Partnerships Help Agencies to Grow Employee Benefits Revenue
Jan 24 2010 // Gibson Insurance Group, Bolton & Co. Tell Their Tales of Growth In today’s challenging economic environment, property/casualty brokers are struggling to thrive. Toss in management of increasingly complex employee...
