Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
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...
Agents Welcome N.J. Ban on Business Auto Liability ‘Step-Downs’
Sep 11 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 insurance policies and frees agents from a having to...
Inspections Not Enough to Assure Safety of Imports, Bush Told
Sep 11 2007 // The flow of products imported into the U.S. each year is so vast that simply increasing inspections would not adequately improve safety. Instead, the government should do more to ensure products are safe before they reach...
Crump Adds Tuley as P/C Broker in Houston Office
Sep 10 2007 // Crump Insurance Services Inc. has added David Tuley as a property/casualty broker in its Houston office, the company announced. In addition to property and general liability risks, Tuley will work on excess and umbrella...
W. Va. Insurance Agent Sentenced on Fraud Charges
Sep 7 2007 // A Harrison County, W. Va.court sentenced an insurance agent earlier this week for forging insurance documents for customers and keeping the money they paid for their premiums. Frank Crowder Jr., 47, of Morgantown, W. Va.,...
N.Y. Agents Group Names Rubin, Weiner to Board
Sep 7 2007 // The Independent Insurance Agents & Brokers of New York, Inc. recently made new appointments to its board of directors. IIABNY approved Lane S. Rubin, managing member of Excel Coverage Group, LLC in Westbury, as...
11 N.J. Public Officials Caught in Feds’ Insurance Brokerage Bribery Net
Sep 6 2007 // Federal agents arrested and charged 11 New Jersey local public officials with taking bribes in exchange for giving public contracts to an insurance brokerage set up by investigators. The public corruption investigation —...
Industry Skeptical, While Treasury Opposes, Natural Disaster Pool
Sep 6 2007 // Federal legislation that encourages states to pool their catastrophe pool risks and then transfer them to the private market as been greeted with a lukewarm insurance industry reaction at best and outright opposition from...
Judge Throws Out All Federal Antitrust Charges Against Insurers, Brokers
Sep 6 2007 // Finding the charges lack any factual support, a federal judge has dismissed a big antitrust conspiracy case that was lodged against large commercial insurance brokers and insurers back in 2004 when bid rigging and account...
U.S. Risk Names Goss a Broker and Inland Marine Underwriter
Sep 5 2007 // Dallas-based U.S. Risk Insurance Group Inc. named Quinton Goss a broker and inland marine underwriter at U.S. Risk Brokers, the company’s wholesale excess and surplus lines insurance brokerage operations. He will be...
Ark. Agencies to Merge
Sep 5 2007 // BancorpSouth Insurance Services Inc., a subsidiary of Mississippi-based BancorpSouth Bank, announced it reached an agreement to acquire Insurance Network of Jonesboro, Ark., effective Sept. 1, 2007. Insurance Network will...
Zurich Unveils China Broker Initiative
Sep 4 2007 // Zurich Financial Services Group announced the implementation of “an innovative distribution strategy for the rapidly growing Chinese insurance market.” The giant Swiss insurer has renamed Best Harmonious...
Court to Hear Suit Challenging State’s Raid on Miss. Surplus Lines Fund
Sep 4 2007 // The 5th U.S. Circuit Court of Appeals in Jackson, Miss. will hear arguments Oct. 1 about whether the Mississippi Legislature unconstitutionally raided an insurance fund in 2004 to balance the state budget. The Mississippi...
An “unholy alliance”
Sep 3 2007 // As professional insurance agents, we might in a quirky way consider ourselves flattered that there are never-ending attempts to take our business away from us. If we weren’t so successful at what we do, we would be...
States, federal agencies try to keep up with wildfires
Sep 3 2007 // The National Interagency Fire Center has raised the national wildfire preparedness level to its highest degree to free up help from cooperating firefighting agencies at home and abroad in places such as Canada. Meanwhile,...
Relevant factors when marketing P/C products and services to Latinos
Sep 3 2007 // Factors influencing Latino consumer behavior As they relate to property/casualty insurance product and services Acculturation Age Gender Country of Origin Auto Insurance Ownership Yes Yes No No Home Insurance...
Broker stock prices vary big; 23 M&As posted in two-month period
Sep 3 2007 // Stock Prices: The range in stock prices for brokers has been dramatic. At one end of the spectrum, Marsh & McLennan (NYSE:MMC) is down 9 percent and at the other, Aon Corp. (NYSE:AOC) is up 14.2 percent year-to-date....
Latinos and property casualty insurance products
Sep 3 2007 // As the Latino population continues to grow, marketers are directing more efforts to reach this segment. Every company in the United States has asked itself the question: how do we attract Latino consumers? And many are now...
