Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Wholesalers as Partners When Navigating Market Changes
Jul 20 2009 // We are all painfully aware of the impact of the deep recession our country has been mired in for the past year, and it appears that recovery will take some time. The tightening of credit and decline in consumer confidence...
How Independent Agents View Super-Regional Carriers
Jul 20 2009 // Survey Says Carrier Size Matters But So Does Price, Underwriting and Service When it comes to selecting a carrier partner, size matters. But when it comes to ending a carrier relationship, price, underwriting flexibility...
Insurance Broker Willis Targeted in Second Suit Over Stanford Bank
Jul 20 2009 // A Venezuelan investor has sued global insurance broker Willis Group Holdings Ltd over the collapse of the Stanford banking empire, saying he relied on assurances from Willis that Stanford was sound. The lawsuit, filed as a...
Survey: Carrier Size Matters But So Do Price, Underwriting and Service
Jul 20 2009 // When it comes to selecting a carrier partner, size matters. But when it comes to ending a carrier relationship, price, underwriting flexibility and service matter the most. That’s according to the survey —...
New York Eases Compensation Disclosure Mandate for Producers
Jul 20 2009 // Agents Still Say Cumbersome Changes Will Create Problems The New York State Insurance Department this month released a new draft of a rule governing when and how insurance producers must disclose their compensation and...
People
Jul 20 2009 // Colemont Insurance Brokers has named John Cleary as vice president and casualty broker. Cleary will be physically located in New Jersey, but he will be working as part of the Hartford, Connecticut office. He brings over 25...
People
Jul 20 2009 // Wholesaler Colemont Insurance Brokers reports that Bob Black has been promoted to vice president in the company’s Atlanta office. Black joined Colemont in 2004 as an associate broker responsible for marketing all...
Love of Language Leads Enterprising Agent into Successful Niche Market
Jul 20 2009 // At first glance, Kathryn Soderberg would seem an unlikely candidate for an insurance agent whose expertise in marketing to Hispanic customers lands her gigs on radio talk shows and leading Hispanic market training sessions...
Growth Beneath the Radar
Jul 20 2009 // Don’t be fooled by the news headlines: Not all of the insurance industry is in retreat mode. In fact, in some pockets, agencies, brokers and carriers are continuing to pursue downright aggressive growth strategies....
Japanese Agents Tour U.S. Agencies to Learn Best Practices
Jul 20 2009 // Most of Japan’s 300,000 Agencies Are Small, But They Are Dreaming Big ‘I’-Like The owners and producers of Japan’s estimated 300,000 insurance agencies can only dream of the success and freedom that...
Weston Elected President of Georgia Agents
Jul 20 2009 // Will Weston, vice president and principal of Blanchard & Calhoun Insurance Agency in Augusta, was elected president of the Independent Insurance Agents of Georgia, Inc. (IIAG) during the association’s recent...
Early, Dryden Join UK Broker Miller’s Facultative Re Unit
Jul 20 2009 // UK specialist insurance and reinsurance broker Miller Insurance Services Limited announced that Nick Early and Tony Dryden have joined its Facultative Reinsurance business unit. Both men join Miller from Benfield Early has...
Professional Program Insurance Brokerage Enhances Massage Program
Jul 20 2009 // Professional Program Insurance Brokerage of Novato, Calif., has enhanced its massage program by offering an option to write the professional and general liability on an occurrence form. Sexual abuse coverage can be written...
Down But Not Out
Jul 20 2009 // The State of the Insurance M&A Marketplace During most of the past three years, the mergers and acquisitions (M&A) market for insurance agencies and brokerages has been marked by strong deal volume and soaring...
Willis Increases Equity Stake to 49% in Malaysian Business
Jul 16 2009 // In a move, which it described as designed to “strengthen its standing as one of the leading global brokers in Asia,” Willis Group Holdings announced that it has “increased its shareholding in its...
Agents Gain Access to New Markets
Jul 16 2009 // SAN DIEGO – (July 16, 2009) – Gaining access to the E&S coverages and programs of new Markets is critical for the success of every agent and broker competing today. And the MyNewMarkets.com Exchange offers...
Giant Pension Calpers Sues Moody’s, S&P, Fitch Over Securities Ratings
Jul 16 2009 // Calpers, the biggest U.S. public pension fund, has sued the three largest credit rating agencies for giving perfect grades to securities that later suffered huge subprime mortgage losses. The California Public...
SEC, Congress Eye Increasing Liability of Credit Ratings Agencies
Jul 16 2009 // U.S. securities regulators are looking at ways to rely less on credit ratings and prevent issuers from shopping for their ratings, Securities and Exchange Commission Chairman Mary Schapiro told lawmakers Tuesday. Schapiro...
Louisiana Agent Accused of Misappropriating Premiums
Jul 15 2009 // A Baker, La., insurance agent has been served with a cease and desist order, notice of license revocation and $1,500 fine notice for alleged misappropriation of premiums. Patikii Je Gibbs (a.k.a. Patikii Gibbs Powell), 55,...
Associated Agencies Promotes Herz
Jul 14 2009 // Rolling Meadows, Ill.-based Associated Agencies Inc. has promoted Joshua B. Herz, of Chicago to senior vice president. As Associated Agencies’ senior vice president, Herz will continue to maintain his client base,...
