Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
How Agencies Can Access Capital in the Current Credit Crunch
Aug 26 2008 // Every morning, stories of financial sector gloom and doom fill the airwaves. A slowing economy has affected the ability of individuals and businesses to pay their bills. The term “credit crunch” has become a...
Aon to Acquire Broker Benfield for $1.75 Billion
Aug 22 2008 // Chicago-based Aon Corporation and UK-based broker Benfield Group Limited announced that their respective boards of directors have reached agreement for Aon to acquire Benfield for £3.50 ($6.55) per share in cash and...
Combined Group Offers Agent Direct Express Service for Travelers Select Agents
Aug 21 2008 // The Combined Group now offers a fully automated service for Travelers Select commercial insurance lines. Combined’s Agent Direct Express™ and Quantum’s Real Time Express™ service offerings now...
North Carolina Young Agents to Dedicate Habitat for Humanity House
Aug 21 2008 // The Independent Insurance Agents of North Carolina’s Young Agents announced the dedication of a Habitat for Humanity house. The Young Agents partnered with Habitat for Humanity of Wake County to build a house in...
New York Agents Want Export List Expanded
Aug 21 2008 // Agents say that the search of the admitted market ends up being just a time-waster for them and their clients. They already know which risks their insurers will accept and not accept. Insurance agents and brokers from...
New Jersey Court Limits Broker Duty of Care
Aug 21 2008 // Agents in New Jersey are praising a recent court decision that limits an agent’s duty of care when a client misrepresents himself. The ruling stems from a suit brought by Harbor Commuter Services, a ferry operator in...
Editor’s Note: The Debate Continues
Aug 21 2008 // If there are to be rules, let them apply to everyone equally. Agents, brokers and carriers across the nation are following the debate over whether contingent commissions should be permitted and how much compensation...
People
Aug 21 2008 // Ruby Chan has joined the Needham, Mass.-based Provider Insurance Co. as director of Internet marketing. Chan has worked for Hewlett Packard and was one of the founding members of the Alta Vista search engine. She moved on...
Jessica M. Frankovich
Aug 21 2008 // Indiana Insurance, a Liberty Mutual Agency Markets regional company, appointed Jessica M. Frankovich as Inland Marine underwriting manager. Frankovich will be based in Indiana Insurance’s Illinois regional office and...
Obtaining Optimal Catastrophe Coverage
Aug 21 2008 // The complexity of the cat insurance market can make it difficult to keep pace with the coverage options. In the midst of hurricane season, insurance agents and brokers are reminded of the need for forward-thinking...
Regional Brokerages Not Immune To Slump
Aug 21 2008 // For regional brokers, a saving grace has been diversification. Large regional insurance brokers won’t be immune from the cyclical downturn hitting many sectors of the insurance industry. Although geographic and...
Japan: Risk and Rewards
Aug 21 2008 // In Japan, agencies write 93 percent of P/C insurance. The Japanese property and casualty insurance market is ripe for opportunities, but there also are significant risks in the country, according to Keiji Fukasawa of...
Cindy Downs
Aug 21 2008 // Dallas-based wholesale insurance broker and managing general agent Towerstone Inc. has added four new members to its team. Cindy Downs was added as a senior underwriter in the firm’s MGA unit. Downs formerly was a...
Moving Beyond the Perception Trap
Aug 21 2008 // ‘Never walk out of a meeting with out introducing RIOS. Get to insurance later.’ Scott Addis, ‘Purple Cow Leadership Workshop.’ Photo: Brian Ruark, IIAT. Scott Addis presents his ‘Purple...
Obtaining Optimal Catastrophe Coverage
Aug 21 2008 // The complexity of the cat insurance market can make it difficult to keep pace with the coverage options. In the midst of hurricane season, insurance agents and brokers are reminded of the need for forward-thinking...
Regional Brokerages Not Immune to Slump, Execs Say
Aug 21 2008 // Large regional insurance brokers won’t be immune from the cyclical downturn hitting many sectors of the insurance industry. Although geographic and product-line diversification will offer some protection and a few...
Entrepreneurs at Heart
Aug 21 2008 // People think and act differently when they’re owners. They take more ability to shape the outcome of the company. Privately-owned companies can be more nimble in the marketplace, and this is very important...
Responding to an Insurance Department Request for Assistance
Aug 21 2008 // providing [the Department of Insurance] a well-crafted response. Receiving a letter from the California Department of Insurance concerning a customer’s complaint is truly an unsettling experience for many agents. The...
Regional Brokerages Not Immune To Slump, Execs Say
Aug 21 2008 // Large, regional brokers won’t be immune from the cyclical downturn hitting many sectors of the insurance industry. Although geographic and product-line diversification will offer some protection from the insurance...
Moving Beyond the Perception Trap
Aug 21 2008 // Scott Addis’ biggest pet peeve is the way consumers perceive insurance agents. After an unpleasant encounter with a stranger at a cocktail party, who upon learning that Addis was an insurance broker rather than a...
