Latest Agencies Headlines

Flood Damage Not Limited to ‘Flood Zones’

Jun 18 2008 // “I don’t need flood insurance; I’m not in a ‘flood zone.'” Or, “I don’t need flood insurance because my mortgage company said I don’t need it.” These statements are...

Florida Association of Insurance Agents Names New Board Members

Jun 18 2008 // The Florida Association of Insurance Agents named three new board members at its annual conference held June 13-15. Each will serve on the board for a term of three years. Robert S. Ludwig, AIC, vice president of...

NIP Promotes Barry, Mortilla

Jun 18 2008 // Woodbridge, New Jersey-based wholesale brokerage NIP Group has named Jerry Barry president of its specialty brokerage division, and promoted Dean Mortilla to vice president. Barry moves to the division after serving as...

Muesse Named ACSR of the Year by Texas Independent Agents Group

Jun 18 2008 // Kimberly Muesse, a senior account manager with the Lockton Companies in Katy, Texas, won the Independent Insurance Agents of Texas Accredited Customer Service Representative of the Year award at the trade...

Bank Insurance Brokerage 1Q Earnings Hit Second-Highest Level Ever

Jun 17 2008 // Quarterly earnings from bank insurance brokerage hit their second-highest level in first quarter 2008. Bank insurance brokerage earnings in the first three months of 2008 were $1.078 billion, up 8.6 percent from $993.3...

California Senate Considers Agent-Broker Bill, Consumer Group Challenges Legislation

Jun 17 2008 // Three pieces of legislation will be heard in the Senate Banking, Finance and Insurance committee on Wednesday, June 17, 2008. Assemblyman Jared Huffman’s AB 2800 would allow insurance companies to require drivers to...

Marsh promoted to Broker at M. J. Hall and Co. Inc.

Jun 17 2008 // Sarah Marsh has been promoted to broker/underwriter at M.J. Hall and Co. Inc. Marsh has been the marketing representative for M.J. Hall for the past two years. She will focus on property and casualty business for the...

Morriss Wins Texas Independent Agents’ Drex Foreman Award

Jun 17 2008 // Texarkana life-long independent insurance agent Don Morriss, was named winner of the highest award given by the Independent Insurance Agents of Texas (IIAT) at the 111th Annual Conference & Trade Show. Morriss is...

States Allow Aon Brokers to Phase-Out Contingents

Jun 16 2008 // Insurance broker Aon Corp. reported that the five government agencies to its 2005 settlement have agreed to an amendment that will permit companies it acquires to continue to accept contingent commissions on existing...

People

Jun 16 2008 // Thomas F. Motamed has stepped down as vice chairman and chief operating officer for The Chubb Corp. to become chairman and chief executive officer of CNA Financial Corp., a position he will assume as of June 8,...

Insurance Agency Joins Missouri Auto Dealer

Jun 16 2008 // First-Time Partnership Offers Agents in Small or Medium Agencies Wider Choices of Companies to Represent When buying a new or used car, cost is always an issue and car insurance shopping is always a stressful task. Just as...

Why Regional Insurers Rate

Jun 16 2008 // Regional and Specialty Carriers Are Critically Important Carriers in the Marketplace This year, 2008 marks the second year that Demotech, Inc., as Insurance Journal‘s Official Research Partner, has published our...

Alabama Insurance Agent in Runoff for Congressional Seat

Jun 16 2008 // Huntsville, Ala. insurance executive Wayne Parker and Huntsville attorney Cheryl Baswell Guthrie will be in a runoff for the Republican nomination for the 5th Congressional District seat. Parker nearly won without a runoff...

Jun 16 2008 // People Dallas-based Colemont Insurance Brokers promoted Su Young to vice president in Colemont’s Texas office. Young joined Colemont in 2001 as part of the Texas financial services team and is located in Houston. She...

Why Regional Insurers Rate

Jun 16 2008 // Regional and Specialty Carriers Are Critically Important Carriers in the Marketplace This year, 2008 marks the second year that Demotech, Inc., as Insurance Journal‘s Official Research Partner, has published our...

People

Jun 16 2008 // Golden Eagle Insurance, a Liberty Mutual Agency Markets regional company, appointed Pete McPartland president and CEO. McPartland comes from General Casualty in Sun Prairie, Wis., where he led insurance operations for QBE...

States Allow Firms Purchased by Aon to Phase-Out Contingent Commissions

Jun 16 2008 // Insurance broker Aon Corp. reported that the five government agencies to its 2005 regulatory settlement agreement agreed to an amendment that will permit companies it acquires to continue to accept contingent commissions...

Premium Financing Compensation Disclosures: Are You in Compliance?

Jun 16 2008 // Failing to Disclose Could Lead to Lawsuits Many insurance brokers and agents who perform services for premium finance companies may unwittingly violate certain disclosure requirements under the California Insurance Code...

Why Regional Insurers Rate

Jun 16 2008 // Regional and Specialty Carriers Are Critically Important Carriers in the Marketplace This year, 2008, marks the second year in a row that Demotech Inc., as Insurance Journal‘s official research partner, published our...

Building Commercial Construction Business in a Soft Market

Jun 16 2008 // Soft Market Emphasizes Need for Education, Communication It was the best of times, it was the worst of times.” Charles Dickens probably was not referring to the insurance industry’s soft market, when he wrote...