Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Agent to Head P/C Office at La. Insurance Department
Jan 15 2008 // Louisiana Commissioner of Insurance Jim Donelon appointed Edward O’Brien to serve as the deputy commissioner of the Louisiana Department of Insurance Office of Property & Casualty, the department announced....
Brokers’ Commissions at Issue in New York
Jan 15 2008 // For now, at least, New York insurance brokers are not legally required to disclose to clients the commissions they earn on policies they place, according to a new legal opinion released by the state’s insurance...
Lloyd’s Broker Miller Forms New Facultative Reinsurance Team
Jan 14 2008 // Miller Insurance Services Limited, an independent specialist insurance and reinsurance broker operating in the international markets and at Lloyd’s, announced that Richard Court has joined the Company, and will...
Fitch to Hold Teleconference on Insurance Brokers Tuesday
Jan 14 2008 // Fitch Ratings will hold a will hold a teleconference to discuss the outlook for the Insurance brokerage industry, on Tuesday, Jan. 15. Fitch said it would specifically discuss the “prospects for publicly traded...
Genstar Capital, Execs Create National Brokerage for Hispanic Consumers
Jan 14 2008 // San Francisco-based Genstar Capital LLC, a middle market private equity firm, has partnered with insurance industry executives and Westline Corp. to establish Confie Seguros, a platform company formed to facilitate the...
People
Jan 13 2008 // Giant insurance broker Marsh announced changes to its global organizational structure as well as several senior management appointments. Marsh said its global insurance broking business will be consolidated into two...
Getting Out and About
Jan 13 2008 // The insurance industry traditionally is bullish on education, networking and sharing professional experiences with colleagues and business partners. After all, the industry is largely made up of “people” people...
Travelers Settles With States Over brokers’ Contingent Commissions
Jan 13 2008 // The Travelers Cos. Inc. will pay $6 million to settle investigations in nine states and the District of Columbia over how it paid brokers. The St. Paul-based company said it had reached agreements with attorneys general in...
Deregulation Pushing Banks Into Insurance Industry
Jan 13 2008 // As the financial services industry has evolved since deregulation, there has been a rise in “bancassurance: the joint effort of banks and insurers to provide insurance services to the bank’s customer...
Maintaining Profitability in a Changing Market
Jan 13 2008 // What will it take to get ahead in 2008? Managing insurance cycles to maintain profitability is a tricky proposition. Higher premiums produced by hard markets provide more income, but it may be difficult to find coverage...
Continuing Education Methods Serve a Positive Purpose
Jan 13 2008 // Continuing education (CE) is a fact of life for all agents and brokers. Because states require CE credits, it translates into the reality of a continuous, and often repetitive, obligation — a career-long commitment of...
Travelers Settles With States Over Brokers’ Contingent Commissions
Jan 13 2008 // The Travelers Cos. Inc. will pay $6 million to settle investigations in nine states and the District of Columbia regarding how it paid brokers. The St. Paul-based company said it had reached agreements with attorneys...
Aiming to Improve Alaska
Jan 13 2008 // A small state like Alaska sometimes has trouble convincing the property/casualty insurance industry of creating opportunities in its state. So Alaska Director of Insurance Linda Hall relies on her experiences as a former...
Contractors’ Insurance: The Hard Sell for the Soft Market
Jan 13 2008 // Selling Long-term Relationships over Short-term Savings For contractor Paige Smith of Neuse Tile Service Inc. in Youngsville, N.C., the increase in cold calls she is receiving from insurance agents is a sure sign of the...
Well-financed Buyers Lead Today’s Agency Value Trends
Jan 13 2008 // Fair market value can be defined as the price that a willing buyer and a willing seller agree on for the price of a business. Naturally, there is a lot of room for negotiation based on the circumstances. However, fair...
Momentum Strong for Broker M&As in October, November
Jan 13 2008 // Stock Prices: Aon Corp. (NYSE:AOC) continued to outperform the sector, up a remarkable 43.1 percent year-to-date. The company reported third quarter 2007 results at the end of October. Net income increased 92 percent to...
Household Employee Exposure an Opportunity to Go Beyond Typical Sale
Jan 13 2008 // Homeowners may be at risk when employing housekeepers, maids, cooks, babysitters and other domestic employees We want to trust those whom we hire to work in our homes. Who prepare our meals. Clean our treasured...
La. Says Bail Bond Agent Filed False Documents
Jan 11 2008 // The Louisiana Department of Insurance issued a cease and desist order and suspended the license of a Frierson, La., bail bond agent accused of filing false public documents. The department says Brokenberry did not disclose...
Main Street America Gives Agents Electronic Bond Issuance
Jan 10 2008 // The Main Street America Group has introduced Main Street Station for Bonds, a state-of-the-art surety bonds ordering and processing system. With this proprietary bonds issuance system, Main Street America says its...
Clark Joins Western Security Surplus Insurance Brokers in Dallas
Jan 10 2008 // Jason Clark has joined the Dallas office of Western Security Surplus Insurance Brokers Inc. (WSS) as an associate broker, the company announced. Reporting to WSS President and CEO Kyle Stevens, Clark will be responsible...
