Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
People
Oct 27 2007 // Kyle Stevens was elected the new president and chief executive officer of Western Security Surplus Insurance Brokers, a wholesale broker and managing general agency with offices in California and Texas. Stevens has served...
Declaratory judgment actions decide obligations under insurance contracts
Oct 27 2007 // A declaratory judgment action is essentially a request — typically by the insurer but often by the insured — that a court examine the relevant insurance policy provisions and declare the rights and obligations...
People
Oct 27 2007 // The California State Compensation Insurance Fund’s Glendale Legal Unit B appointed Katherine Harvey-Edwards to attorney-in-charge. Harvey-Edwards brings 16 years of legal experience to her new post. She was hired as...
News Currents
Oct 27 2007 // ChoicePoint faces class action lawsuit it claims is baseless, association contemplates what action to take Two insurance producers have filed a class action lawsuit against ChoicePoint Inc., ChoicePoint Services Inc.,...
Small businesses should take cover under excess liability coverage
Oct 27 2007 // The insurance buying habits of the typical small commercial customer haven’t changed much in 15 to 20 years, yet the small business owner may be in more need of the added protection given by the purchase of a...
Catering to wealthy individuals
Oct 27 2007 // Most high net worth individuals already complete their personal insurance package with excess liability coverage, or the personal umbrella liability. Even so there could be opportunities missed in meeting the umbrella...
For small truckers, exceed the minimum
Oct 27 2007 // The past few years have not been easy for the U.S. trucking industry. Rising fuel prices, threats of terrorism, new regulations and the daily challenges of simply moving heavy freight from point A to point B, have combined...
News Currents
Oct 27 2007 // Conn. AG alleges reinsurance antitrust conspiracy drives-up prices A lawsuit against a major reinsurance broker for alleged antitrust activity in Connecticut is being used to raise broader questions about the largely...
Md.-Pa.-Del. Agents Group Highlights Delaware Merger, Elects Officers
Oct 26 2007 // The Insurance Agents & Brokers Service Group held its annual meeting Oct. 17, marking a year that included the inception of the Delaware Association of Insurance Agents & Brokers Inc. into its organization. The...
ACE Insurance Pays $4.5 Million to Settle Multi-state Bid-rigging Claims
Oct 26 2007 // ACE Group Holdings has agreed to pay $4.5 million to end a bid-rigging and price-fixing case, according to state officials. The monies will be divided among eight states and the District of Columbia. Florida’s Chief...
La. Agent Fined $14K, Told to Cease Business of Insurance
Oct 25 2007 // An Angie, La., insurance agent was issued a cease and desist order, summary suspension and served with a $14,000 civil fine notice recently for alleged misappropriation, document forgery and filing false public documents,...
OneBeacon Enters Indiana Small Business Market
Oct 24 2007 // Canton, Mass.-based One Beacon Insurance Group announced Tuesday that it will begin offering property-casualty products to small-business owners in Indiana through independent agent partners. OneBeacon’s local...
Fireman’s Fund Offering Wildfire Recovery Services to Agents
Oct 24 2007 // Novato, Calif.-based Fireman’s Fund Insurance Co. announced it is offering all Southern California customers — homeowners and commercial customers — and independent agents free wildfire recovery...
Mass. Insurance Chief Urges Agents to Seize Opportunity in Auto Deregulation
Oct 23 2007 // Exclusive Video: Commissioner Interview Mass. Commissioner Burnes: Effect of Managed Competition on Mass. Agents Some Massachusetts insurance agents are anxious about the state’s move to a deregulated auto insurance...
Brown & Brown Posts 14.8% Third-Quarter Increase
Oct 23 2007 // Brown & Brown Inc. announced its net income for the third quarter of 2007 of $46,216,000, or $0.33 per share, an increase of 14.8 percent from the $40,270,000, or $0.29 per share, reported for the quarter ended Sept....
Survey: MMG of Maine Named Best Ease of Doing Business Performer
Oct 23 2007 // More than 8,000 independent agents and brokers assessed the performance of over 220 property and casualty carriers in Deep Customer Connections Inc.’s (DCC) 5th annual Ease of Doing Business (EDB) survey. MMG...
Calif. Agents Alliance Offers Assistance to Industry Profesionals
Oct 23 2007 // Joe Jimenez, president of the Alliance of Insurance Agents and Brokers in California, has announced that the association is offering to assist anyone in the insurance industry who has been impacted by the numerous...
Secret Weapon for Selling Insurance
Oct 19 2007 // What is a secret weapon for selling insurance? Every insurance agent knows that the more leads they speak with, the more sales they will make. Generating insurance sales leads is not easy. But successful insurance agents...
Crump Denver Office Names Harris Senior Associate Broker
Oct 19 2007 // The Denver Office of Crump Insurance Services has named JoAnn Harris a senior associate broker in the Commercial Brokerage Department. She has several years of experience in the Wholesale excess and surplus market, where...
Higginbotham & Associates – Austin Adds Smith as Broker
Oct 18 2007 // Higginbotham & Associates hired property and casualty broker C. Adam Smith, who relocated from Springfield, Mo., as a commercial account executive at the agency’s Austin, Texas, office. With more than 12 years...
