Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Challenges and Strategies for the 21st Century Independent Agency
Aug 4 2008 // The letter from the Palatine Insurance Co. to the independent insurance agency, written in the dawn of a new century began: “The insurance business is experiencing perilous and unprecedented challenges …”...
Contingent Commissions Legal, N.Y. Court Rules
Aug 4 2008 // In a twist to a scandal that has rocked the insurance industry in the past several years, a New York appeals court recently ruled that contingent commissions paid out by Boston-based Liberty Mutual Group Inc. are not...
Moving Beyond the Perception Trap
Aug 4 2008 // Key to Growth: Become Remarkable, Indispensable to Your Customers Scott Addis’ biggest pet peeve is the way consumers perceive insurance agents. After an unpleasant encounter with a stranger at a cocktail party who,...
The Spitzer Error
Aug 4 2008 // Liberty Mutual downplayed its recent victory when the New York Supreme Court declared that contingent commission agreements are not illegal. “Contingent commission agreements between brokers and insurers are not...
People
Aug 4 2008 // Colemont Insurance Brokers promoted Matt Carpenter to assistant vice president in the company’s Chicago office. Carpenter joined Colemont in 2002, specializing in brokering casualty lines. His expertise has since...
Reducing the Risk in Florida Surplus Lines
Aug 4 2008 // Build Relationships, Advises FSLA Board Member O’Leary Like trapeze artists performing without a net, surplus lines specialists operate without the backing of the state guaranty fund, which picks up the pieces for...
What Retail Agents Need to Know to Access Florida Surplus Lines
Aug 4 2008 // 10 +1 Questions of Advice for Agents Thinking of Sticking Their Toes into Florida’s Surplus Lines Waters Gary Pullen, executive director, and the staff of the Florida Surplus Line Service Office supplied answers to...
Alabama Insurance Agent Parker Wins Republican Runoff
Aug 4 2008 // Huntsville insurance agent Wayne Parker won the Republican nomination for an open U.S. House seat in Alabama. In the 5th District in north Alabama, Parker received 79 percent to 21 percent for Huntsville lawyer Cheryl...
Insurers, Agents Urge Coastal Wind Policy from Texas to Maine
Aug 4 2008 // Travelers, Nationwide Mutual and two leading national insurance producer organizations are supporting a plan they say will make private windstorm insurance more affordable and available in coastal areas. Federal...
Challenges and Strategies for the 21st Century Independent Agency
Aug 4 2008 // The letter from the Palatine Insurance Co. to the independent insurance agency, written in the dawn of a new century began: “The insurance business is experiencing perilous and unprecedented challenges …”...
People
Aug 4 2008 // Jacksonville, Florida-based insurer The Main Street America Group named Joe Meholic president of its Richmond, Virginia region. In his new role as regional president, Meholic will be accountable for the direction,...
The Spitzer Error
Aug 4 2008 // Liberty Mutual downplayed its recent victory when the New York Supreme Court declared that contingent commission agreements are not illegal. “Contingent commission agreements between brokers and insurers are not...
Insurance Agents, Travelers, Nationwide Urge Coastal Wind Policy
Aug 4 2008 // Travelers, Nationwide Mutual and two leading national insurance producer organizations are supporting a plan they say will make private windstorm insurance more affordable and available in coastal areas. Federal...
Study: Buyer Satisfaction Better When Local Agent Plays a Role
Aug 4 2008 // Buyers who purchase their auto insurance policies through local agents give higher average satisfaction scores compared with those who purchase policies from call center representatives or via Internet channels, a new...
People
Aug 4 2008 // Richard “Dick” Reynolds, former chairman and executive director of the Texas Workers’ Compensation Commission, was presented the Raymond Mauk Leadership Award at the Insurance Council of Texas’ 16th...
Challenges and Strategies for the 21st Century Independent Agency
Aug 4 2008 // The letter from the Palatine Insurance Co. to the independent insurance agency, written in the dawn of a new century began: “The insurance business is experiencing perilous and unprecedented challenges …”...
Insurance Agents, Travelers, Nationwide Urge Coastal Wind Policy
Aug 4 2008 // Travelers, Nationwide Mutual and two leading national insurance producer organizations are supporting a plan they say will make private windstorm insurance more affordable and available in coastal areas. Federal...
People
Aug 4 2008 // Aon Re Global named Jan-Oliver Thofern CEO and chairman of its German subsidiary, Aon Ruck. Thofern was previously a member of the company’s executive committee. He succeeds Holger Gaserow, who plans to retire at the...
Broker Liability
Aug 4 2008 // Is There a Duty to Advise About Adequacy of Coverage? Author’s note: This month’s column will examine the liability of a broker for an alleged failure to advise the insured about the adequacy of insurance...
What Agencies Can Expect Accessing Bank Capital in the Current Credit Crunch
Aug 4 2008 // How to Properly Position an Agency When Planning to Borrow From a Bank Every morning, stories of financial sector gloom and doom fill the airwaves. A slowing economy has affected the ability of individuals and businesses...
