Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Contractors and Certificates of Liability Insurance
Apr 21 2008 // Your E&O claim waiting to happen Certificates — not again. Haven’t we heard enough about this topic? Apparently not. Certificates are issued for all sorts of insureds, but contracting risk is the most...
Court Throws Out Nevada’s Insurance Agent Countersignature Law
Apr 21 2008 // The U.S. 9th Circuit Court of Appeals has invalidated Nevada’s insurance producer countersignature law, in what could be the final nail in the coffin for these requirements on nonresident producers. U.S. District...
Insurers Keen on NCAA’s Basket-full of Opportunities
Apr 21 2008 // The Hartford and XL Insurance pursue insurance industry’s love affair with sports-related, 360-degree marketing Quite a few insurers’ names have been bounced and bandied about like basketballs on TV lately, and...
Federal Charter: A Future ‘Insurance Subprime’ Debacle?
Apr 21 2008 // The banking and securities industry is facing worldwide subprime mortgage-related losses, which knowledgeable sources – including the International Monetary Fund — now suggest could top $1 trillion, according to...
People
Apr 21 2008 // Novato, Calif.-based Fireman’s Fund Insurance Co. named Michael LaRocco president and CEO. He will report to Chuck Kavitsky, president and CEO of Allianz of America, parent of Fireman’s Fund, and will also...
Declarations
Apr 21 2008 // P/C Consolidation “The logic of consolidation within the property and casualty industry, particularly in North America, may be gaining favor as the economy slows and as rates soften. However, our research suggests...
State v. Federal Fight Heats Up
Apr 21 2008 // In the face of growing economic turmoil, the Bush administration is calling for an overhaul of the system regulating the nation’s financial services industries — including insurance. The reform proposal announced...
Agents’ Workload Goes Up as Economy, Compensation Move Down
Apr 21 2008 // Soft market, economic downturn, consumer advocacy translate into more work for agencies Insurance Journal‘s Editor-in-Chief Andrea Wells was at the Big “I” Legislative Conference in Washington, D.C.,...
Public Brokers’ Stocks Trading Down While M&As Fall in February, March
Apr 21 2008 // Stock Prices: Brokerage stocks have started 2008 in a downward spiral. Year-to-date the sector is trading down 13 percent. M&A Activity: With 29 acquisitions announced in February and March, the year-to-date total is...
White Papers and Blueprints: Agents Chart Their Own Regulatory Future
Apr 21 2008 // Independent agents hold onto market share, prepare for post-November election politics Insurance Journal‘s Editor-in-Chief Andrea Wells interviewed Robert Rusbuldt, CEO and president of the Independent Insurance...
Top 100 Property Casualty Independent Agencies
Apr 21 2008 // About This Report: The soft market had its effect on this year’s Top 100. But despite challenging soft market conditions, 15 of the privately-owned agencies and brokerages on Insurance Journal‘s Top 100...
What’s An Agent to Do When a Potential D&O Claim Arises?
Apr 18 2008 // A situation that could lead to a directors and officers liability claim arises. What’s an agent or broker to do? According to Susanne Murray of the New York office of insurance broker HRH, an expert in D&O...
Drinkwater Succeeds Smith as President of AmWINS Brokerage
Apr 18 2008 // National wholesale insurance broker AmWINS Group, Inc. announced that James Drinkwater has been named president of its AmWINS Brokerage division effective immediately. In this role, Drinkwater will be responsible for the...
Final Call: Agent Survey on Wholesale Market
Apr 17 2008 // Why do retail agents and brokers choose a particular wholesale broker or managing general agency to work with over another? What’s more important to a retailer — service or price? Insurance Journal invites...
American E&S Insurance Brokers Adds Fabricant as Broker
Apr 16 2008 // Steven Fabricant, a 16-year industry veteran, will join American E&S Insurance Brokers‘ San Francisco branch. Most recently with AmWINS in San Francisco, Fabricant’s book of business has included all types...
Fraud Investigation Leads Connecticut to Revoke Agent’s License
Apr 16 2008 // The Connecticut Insurance Department has revoked the license of a Middlesex County insurance agent who it says forged clients’ signatures and held thousands of dollars in payments in his own bank account. Those...
Agent Group Supports Resolution Opposing Optional Federal Charter
Apr 16 2008 // The Professional INsurance Agents Association of Ohio (PIA) recently testified before the Ohio House Insurance Committee in support of a resolution for Ohio to formally oppose any “new layers of needless federal...
Total Bank Insurance Revenue Up Slightly in 2007
Apr 15 2008 // The nation’s bank holding companies experienced a slight increase of 0.5 percent in their total insurance revenue from $43.5 billion in 2006 to $43.7 billion in 2007. Citigroup Inc. (N.Y.), Wells Fargo & Co....
OneBeacon Agents Can Access Hagerty Collector Car, Boat Coverages
Apr 11 2008 // OneBeacon Insurance Group and Hagerty Insurance Agency and Hagerty Classic Marine Insurance Agency, collector car and classic boat insurance agencies, are now collaboratively providing property and casualty insurance...
Agent Survey: Views on Wholesale Market
Apr 11 2008 // Why do retail agents and brokers choose a particular wholesale broker or managing general agency to work with over another? What’s more important to a retailer — service or price? Insurance Journal invites...
