Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
New California Licensing Laws Take Effect
Jan 11 2009 // The California Department of Insurance is reminding producers of new licensing laws that took effect Jan. 1, 2009, as a result of the passage of Assembly Bill 2044. Several changes resulted from the bill, including many...
Eye on Insurance Industry Regulation
Jan 11 2009 // In Financial Turmoil, Agents and the Industry Must Work Together It has been said that “a rising tide lifts all boats.” That also raises the question, what happens to the boat when the tide goes down? The...
Private, Independent and Free
Jan 11 2009 // Ohio-based The Hylant Group Has 12 Locations But Only One Philosophy — Give Customers and Staff What They Need to Succeed Top 100 Agency Profile RANKING: No. 7 Agency Name: The Hylant Group Headquarters: Toledo,...
Construction Insurance Brokers Say Building Backlog is Saving Commercial Sector… For Now
Jan 11 2009 // But Challenges Could Lie Ahead in 2009 Even With Government Stimulus Package Commercial construction insurance brokers from the northeast to the west coast, from Texas all the way to North Carolina, say the market and...
Schroeder Heads New Minnesota Surplus Lines Insurance Association
Jan 9 2009 // Nicholas Schroeder is the first executive director of the new Surplus Lines Association of Minnesota (SLAM), a non-profit organization of brokers of insurance that is placed with companies that are not licensed in...
Marsh Settles Insurance Bid-Rigging Charges with 9 States for $7 Million
Jan 6 2009 // Nine states have reached a $7 million settlement with New York-based insurance broker Marsh, Inc., Marsh & McLennan Companies, Inc., resolving a four-year investigation into Marsh’s role in a nationwide bid...
Arkansas Agent Sought for Alleged Investment Scam
Jan 5 2009 // An Arkansas insurance agent accused of bilking retiree investors out of tens of thousands of dollars and converting the money to his own use is being sought by the Arkansas Securities Department. Terry Mitchell of...
2008: Top Stories of the Year
Jan 5 2009 // 2008 can be described as a year like no other in the property/casualty insurance world. This year we saw the near death of the world’s largest and most successful insurance company, AIG. The soft market continued to...
After Stormy 2008, P/C Industry Facing Uncertainty in New Year
Jan 5 2009 // Ask agents and executives in the insurance industry about the new year and they’ll say they expect that the market will harden, at least slightly. In fact, 73 percent of agents predict prices will firm, according to...
Oklahoma Electronic Insurance Verification System Not Reliable Yet
Dec 29 2008 // A new electronic system to verify automobile insurance in Oklahoma is operational, but not yet reliable. A law passed in 2006 takes effect Jan. 1, 2009, allowing law enforcement agencies and tag agents to check for...
Worldwide Facilities Hires Brokers in Seattle, Phoenix and Los Angeles
Dec 29 2008 // Los Angeles-based Worldwide Facilities Inc., has hired new brokers in its Property & Casualty and Financial Services departments. Joe Smith has joined the company as a directors and officers broker in the Seattle...
Bollinger Acquires BK International Insurance Brokers
Dec 29 2008 // Short Hills, New Jersey-based insurance agency Bollinger Inc. has acquired BK International Insurance Brokers of Greenwich, Connecticut. The acquisition is the second this month and the fourth this quarter for Bollinger,...
North Carolina Insurance Agent Arrested on Embezzlement Charges
Dec 23 2008 // North Carolina Insurance Commissioner Jim Long reports that Kenneth Rick Morrow of Marion, a licensed insurance agent, was arrested last week and charged with nine counts of embezzlement, nine counts of obtaining property...
Massachusetts Agents Want Regulator to Rein in Progressive
Dec 23 2008 // A trade group for Massachusetts insurance agents has asked the state’s top regulator to force Progressive Insurance to take down its Web site, which agents say routinely gives inaccurate quotes — particularly...
Former Mississippi Commissioner Featured at Texas Agents Event
Dec 23 2008 // The nation’s longest serving insurance commissioner, former Mississippi Insurance Commissioner George Dale, will share his unique post-Katrina insights on the regulatory challenges in the aftermath of large-scale...
ISG Promotes Johannsen to Branch Vice President
Dec 23 2008 // Clancy Marie Johannsen has been promoted to branch vice president of the El Segundo, Calif., office of Insurance Specialty Group, LLC ‘s Professional Liability Group. Frederick J. Fisher, executive vice president and...
Mergers Slow as New Agencies Pop Up
Dec 21 2008 // Report: Number of Agencies Unchanged Since 2006 A new study by an industry trade group has found that the decade-long contraction in the number of insurance agencies has ceased during the past two years — a move...
Other Agency/Brokerage Transactions in 2008
Dec 21 2008 // Transactions involving agencies and brokerages other than the Brown & Brown, Arthur J. Gallagher and Hub International (see below) deals in the months announced or completed: January California: R.E. Chaix &...
Gallagher Stocks Up; M&A Activity Steady
Dec 21 2008 // Stock Prices: Arthur J. Gallagher’s stock price remarkably continues to hold strong as many stocks are experiencing historical declines. Gallagher is up 6.5 percent for the year. M&A Activity: Brokerage activity...
2008 Quotes to Remember… and Forget
Dec 21 2008 // “You always find out who’s been swimming naked when the tide goes out. We found out that Wall Street has been kind of a nudist beach.” —Warren Buffett on the credit crisis “As a strong supporter...
