Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Final Call to Participate: Who’s Worth What in the Independent Agency System?
Feb 22 2008 // Insurance Journal is polling insurance agents and brokers nationwide in its quest to find out who’s worth what in the independent agency system. More than 1,600 agencies nationwide have already responded to Insurance...
Arthur J. Gallagher Acquires Houston-based Leicht General Agency
Feb 20 2008 // Ill.-based Arthur J. Gallagher & Co. announced that its subsidiary, Risk Placement Services Inc., acquired Leicht General Agency, headquartered in Houston. Terms of the transaction were not disclosed. Established in...
Rating Agencies React to AXA’s Acquisition of ING Seguros
Feb 19 2008 // A.M. Best Co. and Standard & Poor’s Ratings Services have taken slightly different views of France’s AXA Group’s agreement to purchase 100 percent of the share capital of the ING Group’s...
Chinese Regulators Cite Marsh as #1 International Broker
Feb 19 2008 // Marsh got a chance to deliver some good news, when the China Insurance Regulatory Commission (CIRC) ranked it number one out of China’s top 20 intermediaries based on annual invoiced revenue. The survey published in...
S.D. Court Rules Against Former Agent Who Held Insurance Executive Hostage
Feb 19 2008 // A federal appeals court has upheld a judge’s ruling against the Sioux Falls man who held an insurance executive hostage in 1991. Eric Castaneira, who served 10 years for kidnapping, filed a lawsuit against the...
Who’s Worth What in the Independent Agency System?
Feb 19 2008 // Insurance Journal is polling insurance agents and brokers nationwide in its annual quest to find out who’s worth what in the independent agency system. Nearly 1,000 agencies nationwide have already responded to...
Ind. to Send Agents Back to School for Flood Coverage Refresher
Feb 14 2008 // This winter’s flooding has prompted state insurance regulators to require a training course for agents selling flood coverage. Those already selling insurance will have to take a continuing-education course of at...
Connecticut Agents Get Online License Renewals
Feb 12 2008 // There’ll be no more ink and paper for Connecticut agents looking to renew or change their insurance licenses. That’s because the state’s insurance department said it has upgraded its computer systems to...
AIG Downplays $5B Write-Down; Rating Agencies, Wall Street Concerned
Feb 12 2008 // While American International Group Inc. sought to downplay its miscalculation of losses on a derivatives portfolio as not “material to the company,” Wall Street was abuzz with speculation over whether the...
Survey: Wealthy Americans Still Fret Over Financial Stability, Security Issues
Feb 12 2008 // High-net-worth Americans with investment assets in excess of $1 million believe having money brings overall peace of mind, yet these wealthy Americans still have a variety of financial and security concerns, according to...
N.D. Insurance Agent Pleads Guilty to Fraud and Theft
Feb 11 2008 // A Fargo, N.D. insurance agent has pleaded guilty to 38 felony charges as part of a plea agreement recommending that he serve a total of two years in prison. Sixty-one-year-old David Skjerven (SHUR’-ven) also would...
Arson Suspected at Tenn. Mosque, Federal Agents Investigate
Feb 11 2008 // A mosque in Columbia, Tenn., was destroyed by a fire last week that federal investigators say appears to have been caused by arson. Investigators also found drawings of swastikas and other graffiti at the Islamic Center of...
La. Bail Bond Agent Arrested
Feb 11 2008 // A Shreveport, La., bail bond agent has been arrested, issued a cease and desist order, a notice of revocation of his license and fine notice for misappropriation and unfair trade practices, the Louisiana Department of...
RPS Names Anderson Underwriter/Broker at Scottsdale Office
Feb 11 2008 // Risk Placement Services, Inc., a national excess and surplus lines wholesaler, announced that it has promoted T.C. Anderson, IV, to underwriter/broker at the company’s office in Scottsdale, Ariz. Since joining RPS in...
Wis. Senate Squeaks Through Bill to Ban Credit Scoring
Feb 10 2008 // With the 2008 legislative sessions now in full swing, many states are taking another look at the issue of insurers using credit scoring to underwrite or rate auto or homeowners insurance. Insurance trade groups are...
AIG Reaches $12.5M Settlment With States Over Bid-Rigging Allegations
Feb 10 2008 // American International Group, Inc. (AIG) has reached settlements with Florida, West Virginia, seven other states and the District of Columbia relating to their investigations into alleged bid-rigging and price-fixing and...
Teacher, Gypsy, Even an Insurance Agent Make Fraud Hall of Shame List
Feb 10 2008 // A glass-eating gypsy, a teacher who faked terminal cancer, and an insurance agent who killed homeless clients are among the top insurance swindlers of 2007. These convicted thieves were inducted into the Insurance Fraud...
AIG to Pay $12.5M in Settlement with States Over Bid-Rigging Allegations
Feb 10 2008 // American International Group Inc. (AIG) confirmed in late January that it reached settlements with nine states and the District of Columbia relating to their investigations into alleged bid-rigging and price-fixing, and...
People
Feb 10 2008 // Louisiana Workers’ Compensation Corporation hired Michael Page as director of safety and loss prevention. Page previously was director of loss prevention services for Workforce Safety and Insurance in North Dakota...
People
Feb 10 2008 // The Nonprofits Insurance Alliance Group in Santa Cruz, Calif., appointed Kim Aday to vice president finance/treasurer. Aday joined the group in 1997 in the position of accountant. In early 2001, she was promoted to...
