Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
People
Sep 24 2007 // The National Association of Professional Surplus Lines Offices selected officers and directors for the trade association’s 2007-2008 term. The new officers are: President – Mary Ellen Rozzell,...
News Currents
Sep 24 2007 // Judge throws out all federal antitrust charges against insurers, brokers No evidence found to support charges of a global conspiracy among commercial brokers and insurers Finding the charges lack any factual support, a...
Thriving in today’s challenging insurance environment
Sep 24 2007 // The insurance industry has witnessed a reduction in the number of markets, agents and brokers, and overall industry personnel in the past 10 years. Meanwhile, many markets continue to soften, competition has increased with...
11 N.J. public officials caught in FBI insurance sting
Sep 24 2007 // Federal agents arrested and charged 11 New Jersey local public officials with taking bribes in exchange for giving public contracts to a fake insurance brokerage set up by investigators. The investigation netted five...
Surplus Lines Rules Clarified for Calif. Retail Agents
Sep 24 2007 // California retail agent-brokers not transacting insurance on behalf of surplus line broker organizations are not required to follow a new law affecting surplus lines brokers, the California Department of Insurance...
N.J. bans business auto ‘step-downs’
Sep 24 2007 // New Jersey insurance agents praised Gov. Jon Corzine for signing into law a bill that bans so-called step-down provisions in businesses’ motor vehicle liability policies and frees agents from a having to advise...
What’s ahead for Liberty Mutual, Ohio Casualty independent agents?
Sep 24 2007 // For agents, the Liberty Mutual Agency Markets acquisition of Ohio Casualty promises to be a matter of addition, not subtraction. For the most part, Ohio Casualty’s 3,400 agents will join with and not replace or be...
N.J. Agents Create Web Site to Attract College Students’ Resumes
Sep 21 2007 // The New Jersey Young Insurance Professionals and the Professional Insurance Agents of New Jersey Inc., are calling for college students to submit their resumes to Project Y (http://www.projectynj.org), the...
Olin Joins Specialty Broker Ames & Gough as National Marketing Director
Sep 20 2007 // Ames & Gough, a specialty insurance broker focused on serving architects, engineers, contractors, and law firms, has named Meike Olin as its first national marketing director. In addition to overseeing the publication...
House Approves Terrorism Insurance Backstop Extension
Sep 20 2007 // The House of Representative approved by a vote 312-110 H.R. 2761, the Terrorism Risk Insurance Revision and Extension Act of 2007 (TRIREA), legislation that extends and revises the federal terrorism insurance backstop for...
Guaranteed Cost Workers Compensation Program for Security Guard & Investigation Agencies
Sep 20 2007 // Now Available from The Mechanic Group September 20, 2007 – Guaranteed Cost Workers Compensation Program for Security Guard and Investigative Agencies is now available from The Mechanic Group. The Mechanic Group will...
Industry Confident in Terror Reinsurance Renewal Despite White House Veto Threat
Sep 20 2007 // Insurance industry lobbyists are confident there is enough backing in Congress for renewal of the federal terrorism reinsurance program and enough support to override a threatened presidential veto if necessary. The...
Ohio Casualty Honored by PIA with National Company Award of Excellence
Sep 19 2007 // Ohio Casualty Group, now operating as Ohio Casualty, a regional company within Liberty Mutual Agency Markets, was honored recently with the 2007 National Company Award of Excellence by the National Association of...
Drohan Joins Colemont Brokers in Hartford
Sep 19 2007 // Colemont Insurance Brokers has added Bob Drohan to the company’s Hartford office as assistant vice president and financial services broker. Drohan has 30 years of experience in the insurance industry. Most recently,...
Fla. Insurance Agent Arrested for Allegedly Victimizing Dozens
Sep 19 2007 // Florida Chief Financial Officer Alex Sink announced the arrest of a former insurance agent who allegedly pocketed tens of thousands of dollars in premiums and left dozens of homeowners in Pasco, Hernando and Hillsborough...
S.D. Agent Pleads Guilty to Fraud
Sep 17 2007 // Sioux Falls. S.D. insurance agent Paul Wentzlaff is accused of stealing from two elderly clients and has pleaded guilty to embezzlement and fraud. He could face up to 20 years in prison. Don Srstka, a special assistant...
N.Y. Agent Sentenced to House Arrest Premium Diversion
Sep 14 2007 // The owner of a Tonawanda, New York insurance agency was sentenced on Aug. 29 to two years probation with six months home confinement for diverting $132,000 in customers’ insurance premiums to prop up his failing...
Honolulu Agent’s License Suspended for Misrepresentation, Fraud
Sep 14 2007 // Hawaii Chief Deputy Insurance Commissioner Gordon Ito has filed for the immediate suspension and a notice to revoke the producer license of Mark K. Teruya for misrepresentation, deceptive acts and fraud. Teruya is...
Ala. Agencies Cooperating to Boost Trooper Patrols on Deadly Roads
Sep 13 2007 // The Alabama Department of Transportation and the Alabama Department of Public Safety are cooperating to boost state trooper patrols on roads where there have been a high number of deadly crashes during the past few years,...
GMAC Insurance, Independent Agents Donate $33,500 to Charities
Sep 12 2007 // GMAC Insurance announced today that it will donate a total of $33,500 to 19 charities across the U.S. The contributions will be awarded as prizes in the GMAC Insurance Agency Community Challenge, a program designed to help...
