Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Last Call for Participation: Insurance Agents’ E&O Survey
Oct 20 2009 // It’s time again for Insurance Journal to find out what’s been going on with Insurance Agents’ Errors & Omissions Insurance. IJ’s annual survey solicits the experiences and opinions of...
Hartford Steam Boiler Enables Quicker Quotes from Agencies
Oct 20 2009 // The Hartford Steam Boiler Inspection and Insurance Co. says it’s the first carrier to enable independent agents and brokers to quote monoline equipment breakdown policies directly from their Vertafore agency...
Combined Agents of America Adds New Texas, Oklahoma Members
Oct 20 2009 // Combined Agents of America LLC (CAA), based in Austin, Texas, has expanded with the addition of two new members, First Texas Insurance Services LC of Arlington, Texas, and Lake Insurance Agency Inc. of Laverne, Okla. CAA...
Q&A with Ironshore’s Kelley: Why He Left AIG and His Plans for Ironshore
Oct 19 2009 // In December, 2008, Kevin Kelley left Lexington Insurance Co., the largest excess and surplus lines insurance company, after more than 30 years during which he helped the company become one of parent American International...
People
Oct 19 2009 // The Independent Insurance Agents and Brokers of New Jersey (IIABNJ) has elected new leadership. Terry M. Ryan of Hanson & Ryan in Totowa will serve as the new chairman of the association. Ronald Gansfuss of Gansfuss...
Declarations
Oct 19 2009 // Bigger, Hungrier “Large brokers enjoy certain advantages of scope and scale. At least in theory, their costs are lower, and they are able to provide a broader array of services. But small brokers are the engines of...
How to Cure 8 Common ‘Small’ Insurance Agency Ailments
Oct 19 2009 // Being Small Has Its Advantages But It’s No Excuse for Being Unprofessional Ask most people what they like about working with small insurance firms and they’ll answer “their personal approach” or...
Allstate Agents Petition IRS for Review of Independent Contractor Status
Oct 19 2009 // The National Association of Professional Allstate Agents (NAPAA) has published and is distributing a petition to the Internal Revenue Service, written by an unidentified Allstate agent, questioning whether Allstate has...
People
Oct 19 2009 // Michael “Mike” R. Donohoe of Mankato, Minn., was installed as vice chairman of the Independent Insurance Agents & Brokers of America at the association’s recent Leadership Conference in New Orleans,...
People
Oct 19 2009 // Unisource Program Administrators (UPA), a workers’ compensation wholesaler headquartered in Oklahoma City, has expanded services to all 50 states. In addition, the company named Barbara Drollinger, a 20-year...
How to Cure 8 Common ‘Small’ Insurance Agency Ailments
Oct 19 2009 // Being Small Has Its Advantages But It’s No Excuse for Being Unprofessional Ask most people what they like about working with small insurance firms and they’ll answer “their personal approach” or...
Allstate Agents Challenge IRS Over Independent Contractor Status
Oct 19 2009 // The National Association of Professional Allstate Agents (NAPAA) has petitioned the Internal Revenue Service, questioning whether Allstate has lived up to the promise it made in 2000 to make its agents true independent...
Declarations
Oct 19 2009 // Mud Flows After Fires “After the smoke has cleared from any wildfire, there is still the potential for catastrophic damage and losses to homes and neighborhoods when winter storms come. Most homeowners policies do...
Recession Slows But Doesn’t Halt Brokerage Consolidation: Advisen
Oct 19 2009 // Size still matters, reminds a new report on the insurance brokerage market by Advisen Ltd. As a result, the frenetic pace of consolidation in the brokerage sector will be only temporarily slowed by the global economic...
Insurance Brokerage M&A Took a 3rd Quarter Vacation
Oct 19 2009 // Deal making wasn’t at the top of the list of summer activities this season, but deal vacation was. Third quarter merger and acquisition (M&A) activity continued declining to just 30 announced transactions between...
Agencies’ Overall Growth Down But Personal Lines Up
Oct 19 2009 // The bad news is that overall organic growth for independent insurance agencies is down. The good news is that there continues to be growth in two areas: personal lines and group product sales. The Independent Insurance...
New York Insurance Agents Fined For Accepting Kickbacks
Oct 16 2009 // New York regulators have fined 43 insurance agents and brokers a total of $42,650 for accepting kickbacks, or failing to supervise staff who accepted kickbacks, to steer customers to certain auto glass repair shops, the...
Agents’ E&O: What Do YOU Know? Participate In Insurance Journal Survey Now
Oct 15 2009 // It’s time again for Insurance Journal to find out what’s been going on with Insurance Agents’ Errors & Omissions Insurance. IJ’s annual survey solicits the experiences and opinions of...
California Agent Sentenced to 13 Years in Theft Case
Oct 14 2009 // A Sacramento insurance agent has pled no contest in a case in which it was alleged she took money from clients to invest in real estate loans, but never did. The authorities have said that Maria Elna Flora, 59, who pled to...
Risk Managers Call for Insurance Broker Compensation Disclosure
Oct 14 2009 // In a report released today, The Risk and Insurance Management Society Inc. (RIMS) is calling for complete disclosure of revenue streams from placing insurance products. The push for transparency outlined in the report is...
