Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
California Agents Win Case Against State Farm
Nov 6 2009 // State Farm Fire and Casualty Company is going to have to pay the defense costs of the two former agents the insurance company fired, and then sued, according to a court decision handed down last week. The well-known...
U.S. RE in Alliance with Argentine Broker
Nov 5 2009 // Tal P. Piccione, Chairman and CEO of international reinsurance brokerage firm U.S. RE Corp., announced that it “has formed a strategic, exclusive, and reciprocal alliance with San Segur, a prominent insurance and...
North Carolina Agent Pleads Guilty to Embezzlement
Nov 4 2009 // North Carolina officials said that Jennifer Hughes Puckett, a former insurance agent from Rockingham, appeared this week in Carthage at the Moore County District Court and pleaded guilty to 16 counts of embezzlement by an...
Vertafore Releases Version 4.0 of AMS360 Agency Management System
Nov 3 2009 // Insurance industry software provider Vertafore has released version 4.0 of its AMS360 management system with advancements that promise to simplify marketing and sales tasks for the more than 2,800 agencies currently using...
BB&T Insurance Acquires Florida’s Oswald Trippe Agency
Nov 3 2009 // Raleigh, North Carolina-based BB&T Insurance Services, the nation’s seventh largest insurance broker, said it has expanded its southwest Florida operation with the acquisition of Oswald Trippe and Co. Inc. of...
Agents Program Extends to Oregon
Nov 3 2009 // The Smart Choice Agents Program, which currently serves 3,000 independent agencies in more than 30 states, announces the expansion of the program into Oregon. Kurt Van Sickle has been named the state’s...
Connecticut Insurance Agent Admits Stealing Clients’ Money
Nov 2 2009 // Federal prosecutors say a Waterbury businessman has admitted to ripping off more than $1.3 million from clients that authorities say was used to gamble at Connecticut’s casinos. The U.S. Attorney’s office said...
California Arrests Bogus Auto Insurance Agent
Nov 2 2009 // A woman who faked being an automobile insurance agent, Leandra Delgadillo, 32, of Canyon Country has been arrested and booked into jail at the San Fernando Police Department on felony charges of fraud and grand theft. She...
People
Nov 1 2009 // Eagan Insurance Agency, based in Metairie, La., has added six insurance professionals to its staff. Joining the family business are Andrew Eagan and David Strassel, both members of the fifth generation of the Eagan family...
People
Nov 1 2009 // David Daniel was inaugurated as the chairman of the Independent Insurance Agents & Brokers of America (the Big “I”) at the recent Big “I” Leadership Conference in New Orleans, La. He will lead...
It’s Time to Review Essential Procedures for Managing E&O
Nov 1 2009 // Systems, Checklists, Guidelines, Manuals Among Tools Useful in Reducing Agency Errors I have been an insurance broker since 1974. However, my principal occupation is attorney, practicing in insurance law. I have had many...
Oregon Charges Agent Who Dumped Insurance Customer Records in Trash
Nov 1 2009 // The Oregon Department of Consumer and Business Services has issued a cease-and-desist order against insurance agent Robert Warren Spruill for violating the Oregon Consumer Identity Theft Protection Act and the Oregon...
Agents’ E&O Marked By Stability, Satisfaction
Nov 1 2009 // As Agency Revenues Fell, At Least E&O Previums Didn’t Rise Independent insurance agents have had plenty to fret about the past year, including falling revenues. Thus stability in the market and pricing for their...
Plug the Agents’ E&O Gap: Protection from Carrier Insolvency
Nov 1 2009 // Any producer, agent or broker can be exposed to the insolvency of one of their markets. Carriers providing insurance agents’ errors and omissions insurance (E&O) have developed a variety of responses to the...
Towers Perrin Names Levene Retail Insurance Brokerage Leader
Oct 30 2009 // Global professional services firm Towers Perrin has named Steve Levene practice leader for its retail insurance brokerage business. Levene’s responsibilities will include strategic risk management programs for...
Aon’s Q3 Net up Slightly at $120 Million; Other Results Mixed
Oct 30 2009 // Aon Corp. reported results for the third quarter ended September 30, 2009, which show net income attributable to Aon stockholders was up slightly at $120 million or $0.41 per share, compared to $117 million or $0.40 per...
Alaska Agent Re-Elected to Independent Agents Group
Oct 29 2009 // M.J. Hall and Company of Alaska Inc.’s Suzy Baird has been re-elected as Associate Director of the Alaska Independent Insurance Agents & Brokers Inc.. Baird was also awarded the AAMGA award for outstanding...
How Software-As-Service Helps Agents Do More With Less
Oct 28 2009 // Today, it’s all about doing more with less. But how do insurance agencies increase productivity while decreasing expenses? For many agencies, technology solutions are critical. If the focus in the first half of the...
House Panel Advances Bill on Credit Rating Agency Liability
Oct 28 2009 // Credit rating agencies would be more tightly regulated and more exposed to lawsuits under legislation approved Wednesday by the U.S. House Financial Services Committee. In another procedural step forward for the Obama...
Gallagher Buys Hawaii Agency
Oct 27 2009 // Arthur J. Gallagher & Co. has acquired Triad Insurance Agency, Inc., in Honolulu, Hawaii from The Bank of Hawaii. Terms of the transaction were not disclosed. Originally founded in 1967, Triad Insurance Agency, Inc....
