Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
6 Steps For Agents to Take Before Soft Market Hardens
May 11 2009 // Most insurance professionals detest a soft market due to the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the change...
North Carolina Agent Charged With Workers’ Compensation Fraud
May 8 2009 // A North Carolina insurance agent has been arrested, charged with twice failing to remit insurance premiums to the insurance company. North Carolina Commissioner Wayne Goodwin reported the arrest of Sherri Efrid, of...
New Insurance Brokerage Being Launched in Chicago
May 8 2009 // River North Insurance Services, a newly formed insurance brokerage with offices at 400 N. State St. in Chicago, announced it will be offering both business and personal lines of insurance. It also specializes in providing...
Louisiana Insurance Agent Accused of Pocketing Premiums
May 7 2009 // A Houma, La., area insurance agent has been served with a cease and desist order, notice of license revocation and $5,000 fine for alleged misappropriation of premiums, the Louisiana Department of Insurance announced. Al...
New Orleans Area Agent Accused of Filing Fraudulent Claim
May 6 2009 // A New Orleans area insurance agent has been served with a civil fine notice and license suspension for allegedly filing a fraudulent stolen vehicle claim with his insurer, the Louisiana Department of Insurance...
Marsh Posts Q1 Profit As Lower Costs Offset Revenue Drop
May 6 2009 // Marsh & McLennan Cos Inc., the second-largest global insurance broker, posted a first-quarter profit on Wednesday, reversing a year-earlier loss, as lower costs helped offset a decline in revenue. Chief Executive...
Redondo Beach Fire Department Receives $9600 Grant
May 5 2009 // Lockton Insurance Brokers LLC and Fireman’s Fund Insurance Co. recently awarded a $9,563 grant to the Redondo Beach, Calif., Fire Department for the purchase of software, which is critical for planning, prevention...
West Virginia’s City National Bank Acquires 2 Insurance Agencies
May 5 2009 // Charleston, West Virginia-based City National Bank and its insurance division, CityInsurance Professionals, reported they have acquired two local insurance agencies: the Patton Insurance Agency in Nitro and the Dickens...
Florida Insurance Broker Can’t Take It Any Longer
May 5 2009 // Well, I’m sorry but I just cannot take it any longer. To quote our very own Insurance Commissioner: “I must also finally break down and respond to some of the more recent articles. Errors in fact and rhetorical...
Agents and Brokers: Deadline to Submit for IJ’s Top 100, June 1
May 5 2009 // Insurance Journal is on the search for the nation’s leading privately-held property casualty independent agencies and brokerages for its annual Top 100 Property/Casualty Independent Insurance Agencies report. Now,...
What Agents Want
May 4 2009 // Money is the lifeblood of any business. But when it comes to running insurance agencies, money isn’t the main thing that principals look for when they do business with a certain carrier. Claims handling, it turns...
Agents Can Help Fight Insurance Fraud
May 4 2009 // Employee Background Checks Essential Insurance agents can play a big role in helping states to fight insurance fraud. In fact, because they are on the front lines of insurance transactions, agents might see and hear things...
How to Improve Productivity in a New Economy
May 4 2009 // Agencies Must Stop Money Wasting Financial Leaks The economy is in the tank and so is the stock market. Thousands are unemployed and many people do not know where to turn. No one is setting up charities for insurance...
‘Red Flags’ to Watch For When Choosing an MGA Partner in a Bad — and Good — Economy or Market
May 4 2009 // In today’s tough economy and prolonged soft market, some insurance firms are likely to get into financial trouble. Smaller wholesalers and managing general agencies (MGA) may be at risk. Their ability to stay afloat...
Agents, Rate Your Regional Carriers in a New Insurance Journal Sponsored Survey
May 4 2009 // Channel Harvest Research and Insurance Journal have announced a major new study in the independent agency system that will probe agents’ attitudes toward carrier relationships and the insurance companies they...
50 Reasons Why Retail Agents Choose Managing General Agency Partners
May 4 2009 // As a large broker, this is decided based on relationships, successes, volumes, commissions levels, service. In other words we are dictated by volume. Service, service, service, markets, price, service. Personal...
Social Networking in an Insurance World
May 4 2009 // Web 2.0 Tools Enhance the Face-to-Face Interactions in the Industry Insurance firms that have used the tools of Web 2.0 appear to be won over for good, and have little to say that is negative. McAuley, Woods &...
Florida’s Soto Honored with Top Insurance Agent Award
May 4 2009 // The Independent Insurance Agents & Brokers (the Big “I”) has awarded Alex Soto with the Woodworth Memorial Award, the highest honor the association bestows on one of its members. The Woodworth Memorial...
New York-Based Insurance Broker BWD Group Expands to Florida
May 4 2009 // With the addition of Saul Landesberg as regional vice president, BWD Group LLC opened a Florida office of its insurance and risk management brokerage operation. Landesberg, a long time resident of the Tampa area, will...
As Credit Scores Fall, Criticism of Insurers’ Credit Scoring Rises
May 4 2009 // Consumer Advocates Focus on How Insurers Treat Insureds in Difficult Economic, Credit Climate With consumers’ credit scores dropping as lenders tighten credit terms, insurance consumer advocates are stepping up their...
