Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Main Street Insurance Agents Facing ‘Trojan Horses,’ Says Agent Leader
May 5 2008 // Main Street insurance agents are facing an onslaught with a number of “Trojan Horses” suddenly appearing, all designed to help their competitors win over market share. That is the assessment of the...
La. Suspends License, Fines Agent Accused of Pocketing Premiums
May 5 2008 // Jennifer Mason Hudspeth, a Lacombe, La., area insurance agent facing charges that she misappropriated insurance premiums has been served with a cease and desist order, summary suspension and a $5,000 fine notice for...
Mutuals and Stocks Behave Differently in Insurance Cycles
May 5 2008 // Difference is tied to how mutual insurers build market share, Conning researcher says When it comes to managing through a soft cycle, mutual companies behave in a way that is different than their stock-owned brethren,...
People
May 5 2008 // Patrick G. Ryan, founder and executive chairman Aon Corp., said he intends to retire Aug. 1, 2008. Ryan said the firm’s transition to a new management team under CEO Greg Case is complete. Ryan founded Aon, which has...
Match-making: What Retail Agents Want From Wholesalers and MGAs
May 5 2008 // Exclusive Insurance Journal survey: successful relationships depend on markets and service in soft or hard cycle Like the love-lorn users of match.com, independent agents hunting for business partners among surplus lines...
Industry Progressing With Real Time Technology and Downloads
May 5 2008 // Independent agents and carriers see gains — in some cases doubling — in real time transactions Just one year into the making, supporters of the Real Time/Download Campaign (www.getrealtime.org), a campaign to improve...
People
May 5 2008 // Charlotte, N.C.-based wholesale insurance broker AmWINS Group, Inc. has named James Drinkwater president of its AmWINS Brokerage division. Drinkwater will be responsible for the day-to-day management of the division. Prior...
People
May 5 2008 // Grange Mutual Casualty Co. announced that Randy Montelone will retire at year end after 29 years of service with the company. Tom Welch, current president of Grange Life Insurance Co., a Grange subsidiary, assumes the role...
How to Successfully Market yourself as a Car Insurance Agent
May 2 2008 // Becoming a successful car insurance agent has a lot to do with the marketing plan that you have in place. If this is something that you take seriously, you will find that your business is growing at a higher pace than ever...
Arthur J. Gallagher Acquires N.J. Employee Benefit Broker RSI
May 2 2008 // Insurance broker Arthur J. Gallagher & Co. reports it has acquired RSI of Mount Laurel, New Jersey. Terms of the transaction were not disclosed. Founded in 1980, RSI offers employee benefit consulting and brokerage...
ISG’s Pacific Wholesale to Acquire E.L.M. Insurance Brokers
May 2 2008 // Insurance Specialty Group LLC, parent of Atlanta, Ga.-based Pacific Wholesale Insurance Brokers (Pacific Wholesale) entered into definitive agreements to acquire and merge with El Segundo, Calif.-based E.L.M. Insurance...
Insurance Brokerages rely on Live Transfer Insurance Leads
Apr 30 2008 // QuotesAuction.com has found that more and more insurance brokerages are purchasing live transfer leads in bulk. North Hollywood, CA – April 30, 2008 — Insurance brokerages earn money by taking a large number of...
New York Agents’ Group Gets New Lobbyist
Apr 30 2008 // Jill R. Muratori has joined Albany-based Barrett Associates as its new vice president and counsel, and will serve as a lobbyist for the Independent Insurance Agents and Brokers of New York. It will be familiar ground for...
Florida-based Old Dominion Insurance Earns Top Spot in Agent Survey
Apr 29 2008 // In a Florida Association of Insurance Agents commissioned survey, independent insurance agents ranked Old Dominion Insurance Co. as the top property-casualty carrier in the state. Jacksonville-based Old Dominion scored...
SIG Insurance Professionals Promotes Duncan to Executive VP
Apr 29 2008 // Dallas-based SIG Insurance Professionals named Jennifer Duncan executive vice president of the organization. SIG Insurance Professionals consists of Southern Insurance Group, Sovereign Insurance Group Inc. and SIG...
Agent Charged for Defrauding Businesses $2.5 Million-Plus
Apr 24 2008 // An insurance agent was arrested in California for defrauding 18 business owners by stealing more than $2.5 million in money they had paid him to take out insurance policies for their businesses, the California Department...
BB&T Insurance Services To Acquire Union Bank of California Brokerage
Apr 24 2008 // Raleigh, N.C.-based BB&T Insurance Services has reached an agreement with Union Bank of California North America to purchase its San Diego-based insurance subsidiary, UnionBanc Insurance Services Inc. The acquisition...
North Carolina Insurance Agent Charged with Embezzlement
Apr 24 2008 // North Carolina officials arrested a Newport, N.C. woman and charged her with one count of embezzlement by an insurance agent, according to Insurance Commissioner Jim Long. Heather Dawn Cagle, 34, who worked as an agent for...
The Gibraltar Group Opens Central Texas Office, Adds New Broker
Apr 24 2008 // The Gibraltar Group will open an office in Goldthwaite, Texas, on May 5 to serve businesses in Central Texas, the company reported. Warren Blesh, who has more than 25 years of commercial insurance experience, will lead...
Report: 2008 Insurance Agency-Broker Value Forecast
Apr 24 2008 // Marsh, Berry & Company Inc. has released an overview of the state of the insurance distribution system for 2008 and beyond. This research report documents historical and projected insurance agency/broker value, merger...
