Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
East Meets West
Jan 10 2010 // The Hanover Group Expands Out West, Enters Agreement With OneBeacon The Hanover Insurance Group Inc.’s CEO Frederick H. Eppinger expects the western United States to be a key growth driver for the super-regional...
Resolution Time
Jan 10 2010 // Happy New Year. It’s time to rewind, re-evaluate how you did in 2009, and make resolutions for 2010. I’m not big on making resolutions I know I won’t keep — like sticking to an exercise regime (when...
Trends for 2010
Jan 10 2010 // Soft Market, Economy, Taxes and the Producer Dilemma on the Frontlines for Agents To be proactive, one needs to understand and exploit current and future trends. Most trends can be predicated by understanding recurring...
Pennsylvania Insurance Agents Accused of Stealing $1M
Jan 8 2010 // Two Pennsylvania insurance agents accused of stealing more than $1 million that was supposed to pay for workers’ compensation and liability insurance for six Berks County public school districts, have been arrested...
Panel Restores Louisiana Agent’s License; Says No Evidence for Suspension
Jan 8 2010 // A Shreveport, La.-area insurance agent’s license was reinstated after an administrative law panel found no evidence that it should have been suspended by the Louisiana Department of Insurance. The department...
TriSystems Readies New ‘Cost-Effective’ Platform for Lloyd’s Brokers
Jan 8 2010 // Jeff Ward, a director of London Market reform technology specialists TriSystems, and his colleagues have been busy lately. They’ve been working on the latest version of an electronic communications service for...
Insurers to Curb Agency Compensation in 2010, Consultant Study Finds
Jan 7 2010 // Total property/casualty insurance agency compensation is expected to decrease slightly in 2010, largely due to contingent commission changes, according to a new compensation study. Four out of 10 insurance companies plan...
Insurance Journal Launches Academy of Insurance
Jan 6 2010 // San Diego – (January 6, 2010) – After months of planning and preparation, Insurance Journal has launched its latest product for the property/casualty insurance industry: The Academy of Insurance. Led by...
Willis Commercial Network Expands into Northern Ireland
Jan 6 2010 // Willis Group Holdings announced that it is expanding its highly successful UK Willis Commercial Network (WCN) business model into Northern Ireland with the addition of three new independent brokers: McCausland Light &...
CNA Chief Motamed: What’s Ahead for CNA, Economy, Industry
Jan 6 2010 // After 30 years at Chubb Corp, Thomas Motamed joined Chicago-based commercial lines insurer CNA Financial in January 2009 as chairman and CEO. In this edited interview with Insurance Journal’s Andrew Simpson, Motamed...
Paula Cobbett Joins Sullivan Brokers
Jan 5 2010 // Los Angeles, CA, January 5, 2010 – Sullivan Brokers Wholesale Insurance Solutions, Inc. is pleased to announce that on Monday, January 4, 2010, Paula Cobbett, CPCU, ARM joined the firm in the Northern California...
Washington To Tackle Credit Scoring, Streamline Agent/Broker Licensing
Jan 5 2010 // Bills to improve health care, protect consumers, ban the use of credit scoring , streamline the licensing of agents and brokers, and broadening the definition of what’s considered “emergency care” are all...
Cap on Fines Against Insurance Agents Rises in North Dakota
Jan 4 2010 // Possible insurance department fines against insurance agents who violate North Dakota laws governing their conduct are increasing from a maximum of $1,000 to $10,000 per incident. Insurance Commissioner Adam Hamm said the...
Has to Get Better
Dec 31 2009 // It’s no secret. 2009 was a tough year. Just as tough as 2008; maybe even more so. The economy continued to tank. More businesses shut their doors. Revenues dropped for just about every business. Independent insurance...
U.S. Risk Opens New Reinsurance Broker Goss Re
Dec 31 2009 // U.S. Risk Insurance Group Inc., based in Dallas, Texas, has expanded into the specialty reinsurance brokerage marketplace. Goss Reinsurance Brokers Inc. will operate as a specialty reinsurance broker for medium to small...
North Dakota Insurance Agent’s License Revoked
Dec 31 2009 // North Dakota Insurance Commissioner Adam Hamm has revoked the insurance license of Patricia Howard, a Dunn Center, N.D., insurance agent who the insurance department says engaged in deceitful and dishonest practices...
Motorists Insurance Creates Agent and Policyholder Services Division
Dec 30 2009 // Columbus, Ohio-based Motorists Insurance Group has created a new division to focus resources on agent-facing technology, agency interface priorities and develop call center best practices for all companies in the group. In...
Captives Fuel Growth and Income for Agency Owners
Dec 30 2009 // In times like these, where the insurance industry is now in its fifth year of a soft market, the use of an agency captive insurance company can spark both revenue and profits to improve an agency’s overall financial...
Rocky 2009 Leaves P/C Agents Hoping for a Better 2010
Dec 29 2009 // Once again, agents and brokers are wishing for a harder insurance market in the New Year. But while most agents hope for firmer insurance pricing in 2010, just slightly more than a quarter (26.9 percent) predict a harder...
Aon Realigns Global Brokerage Services to Enhance Client Access
Dec 28 2009 // Global insurance broker Aon Corp. is taking what it says is its most significant step ever in realigning its brokerage operations to meet its retail clients’ needs for access to insurance markets, risk transfer...
