Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
China’s CNinsure Expands into Jiangxi Province
Jul 18 2008 // CNinsure Inc. (NASDAQ:CISG), an independent insurance agency and brokerage company operating in China, announced the signing of a set of definitive agreements with several individual entrepreneurial agents to jointly...
Buchanan Joins AmWINS Brokerage in New York
Jul 18 2008 // Gary Buchanan has joined AmWINS Brokerage of New York of vice president. With over 25 years of experience in the insurance industry, Buchanan will focus mainly on financial risk placements, including directors and...
Lockton’s James Sees Bigger Role for Brokers as Risk Climate Worsens
Jul 17 2008 // The current global risk environment is a time to “analyze operations and take the tough decisions necessary to ensure survival in any downturn,” Julian James, a senior executive with global insurance broker...
Hickey, Gervang Join Wells Fargo International Insurance Group
Jul 17 2008 // Wells Fargo Insurance Services, Inc. has made two executive appointments in its international risk management and insurance services group. Patrick Hickey has joined as managing director and national practice leader for...
New York Hearings Pit Agents Against Compensation-Reformers
Jul 17 2008 // A top executive for a key insurance broker urged New York regulators to quash the practice of insurance agents taking contingent commissions, despite calls from agents that the practice would hurt their businesses, and do...
Allied Insurance Brokers Launches New Scaffolding Program
Jul 16 2008 // Pittsburgh, Pa.-based Allied Insurance Brokers Inc. introduced a new scaffolding program available nationwide to retail agents and brokers. The program offers general liability coverage with an A.M. Best “A+”...
North Dakota Lawmakers Want Review of Agency Spending
Jul 16 2008 // North Dakota legislators say the spending policies of state agencies should get a fresh look to make sure other administrators don’t find themselves facing criminal charges and prison time. Sandy Blunt, the former...
Insurance Agents, Travelers, Nationwide Urge Coastal Wind Policy
Jul 16 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...
2 Kentucky Highway Safety Agencies to Merge
Jul 16 2008 // Kentucky Gov. Steve Beshear announced a reorganization within the Justice Cabinet that will make Kentucky Vehicle Enforcement a division of Kentucky State Police. The two agencies share responsibility for highway...
Lexington Launches Truck Broker Liability Coverage
Jul 15 2008 // Lexington Insurance Company, a unit of AIG Commercial Insurance, introduced Lexington Truck Broker Liability Insurance, a primary liability insurance policy that addresses liability risks of truck brokers, who bring...
Study: Buyer Satisfaction Better When Local Agent Plays a Role
Jul 15 2008 // A new industry study says that buyers who purchase their auto insurance policies through local agents give significantly higher average satisfaction scores compared with those who purchase policies from call center...
Regional Brokerages Not Immune To Slump, Execs Say
Jul 14 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 from the...
HLA Becomes Wells Fargo Global Broker Network; Basso Named CEO
Jul 14 2008 // Wells Fargo Insurance Services, a subsidiary of Wells Fargo & Co., said it has become the exclusive manager of the HLA Global Network, now known as the Wells Fargo Global Broker Network. The Network has 10,000...
Credit Rating Agencies Fending Off Lawsuits from Subprime Meltdown
Jul 14 2008 // Battered by critics who blame them for helping to foment the U.S. subprime mortgage meltdown, credit raters are now trying to fend off lawsuits — including fraud claims brought by their own shareholders. Many...
Wausau Survey: Employers Stay Level Headed Despite Recession Worries
Jul 11 2008 // Although a U.S. economic recession would not be good news overall for employers, most don’t believe a recession would drive up workers’ compensation claims, according to a new survey of financial executives by...
New York To Webcast Agent-Compensation Hearing on Monday
Jul 11 2008 // The New York State Insurance Department and attorney general’s office will hold the first of three scheduled public hearings on insurance agents’ compensation arrangements on Monday in Buffalo. The meetings,...
Virginia Insurance Agents Create Employment Services Firm
Jul 10 2008 // The Independent Insurance Agents of Virginia (the Big “I”) has created an employment services firm – Agent’s Choice Staffing Services, Inc. – which is designed to specifically serve the...
Crump Insurance Services Hires Eastman as Associate Broker
Jul 10 2008 // Tara Eastman has joined Crump Insurance Services Inc.’s Dallas office as associate broker on Matthew Sheehan’s professional liability team. In this position Eastman will manage professional liability and...
Strengths and Weaknesses, Part 2: What Agents Think of Regional, National P/C Insurers
Jul 10 2008 // Regional carriers come out on top in agency compensation and claims services, while nationals outscore regionals on loss control and technology. That’s according to an Insurance Journal weeklong survey in June on...
Philadelphia Insurance Broad Form Has Adoption Agencies Covered
Jul 10 2008 // Philadelphia Insurance Companies has a new insurance product for adoption agencies with what it says is one of the broadest coverage forms in the market. PHLY’s new adoption agencies’ product offers...
