Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Lockton Acquires Equity Stake in South Korean Broker IMI
Jan 21 2010 // Lockton announced that it has obtained a “significant equity holding in South Korean insurance broker IMI, with options to purchase an increased shareholding.” IMI has also been renamed Lockton Companies...
Former Insurance Co. Employee Sentenced for Stealing from Carrier, Agents
Jan 21 2010 // Mark Camacho, 41, of Cedar Hill, Texas, a former employee of Americo Life Insurance Co., was sentenced in federal court for stealing more than $900,000 from the carrier and its agents’ commission accounts. Chief U.S....
Agents’ Disciplinary-Action Bill Signed into Law in New Jersey
Jan 19 2010 // Insurance agents will be required to notify the state if they have been disciplined by any non-governmental regulatory agency under a new law signed yesterday. The new law requires insurance producers licensed in New...
The Hanover Insurance: Focused on Niches, Says More Acquisitions Likely
Jan 14 2010 // 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 insurer in the next several years. Having just entered into a renewal...
Four Agents Plead Guilty to Insurance Fraud in New Jersey
Jan 14 2010 // Four former insurance agents have pleaded guilty for their role in a scheme to steal hundreds of thousands of dollars in premiums, New Jersey’s attorney general said. They are Thomas Hurd, of Bensalem, Pa., William...
Colemont Promotes Plourde to Broker
Jan 13 2010 // Colemont Insurance Brokers has promoted Tara Plourde to broker in the company’s Hartford, Connecticut office. She joined Colemont in 2008. Prior to Colemont, she was a commercial lines underwriter at a standard lines...
Florida Agents, Consumer Group Sound Alarm Over ‘Perilous’ Property Market
Jan 13 2010 // Insurance agents, a former insurance commissioner and a consumer advocate have sounded an alarm about the property insurance marketplace in Florida, a market that has seen four insurers get into financial trouble in the...
Keystone Insurers Group Adds 2 Agencies in Kentucky to Network
Jan 12 2010 // C.M. Moore Insurance of Bowling Green and Al Torstrick Insurance of Lexington will be the first franchises in Kentucky for Keystone Insurers Group (KIG), the nation’s sixth largest privately-held property/casualty...
Insurance Agents Fined for Not Having Written Security Plans
Jan 10 2010 // Recent headlines underscore the importance of agents having written security plans to protect the privacy of their clients’ personal information. Not only could a breach of clients’ personal information...
10 Ways to Make Insurance Agencies More Successful … Now
Jan 10 2010 // Insurance Agency Marketing Requires Careful Planning and Constant Implementation A revolution is underway that is having dramatic effects on insurance agencies, and the entire world. In the simplest terms, no one wants to...
People
Jan 10 2010 // Global insurance broker and risk advisor Marsh appointed Philip Gawthorpe as Multinational Client Service Practice leader for the Midwest Zone. Gawthorpe, who has more than 30 years of insurance industry experience, will...
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 overly ambitious...
From Zero to 200 in 5
Jan 10 2010 // The Rise of Kansas City-based Ascension Insurance Len Kline and his business partners, the private equity firms Parthenon Capital and Century Capital Management, had an ambitious goal when they created Kansas City,...
10 Ideas for Making Insurance Agencies More Successful … Now
Jan 10 2010 // If you’re waiting for a hard market, you’ll be out of business. The revolution is underway. In the simplest terms, no one wants to do anything they don’t want to do. If this sounds overly innocent, it...
West Virginia Court Sides with Insurer on Antitrust Claim by Cancelled Agent
Jan 10 2010 // An insurance company has won a victory over one of its former West Virginia agents who claimed the insurer violated state antitrust law when it cancelled his contracts to sell its life and property/casualty products. The...
People
Jan 10 2010 // The Insurance Council of Texas (ICT) elected Craig Sparks chairman of its board of directors. Sparks has been president of the Union Standard Insurance Company in Irving since 2000. Sparks’ insurance career began the...
From Zero to 200 in 5
Jan 10 2010 // The Rise of Kansas City-based Ascension Insurance Len Kline and his business partners, the private equity firms Parthenon Capital and Century Capital Management, had an ambitious goal when they created Kansas City,...
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...
