Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
People
Jun 4 2007 // Emeryville, Calif.-based Commodore Insurance Services Inc. appointed Mark Cravens president. Cravens was recently with Wellington Underwriting, which was acquired by Catlin, where he led development of catastrophe modeling...
News Currents
Jun 4 2007 // Survey: 75% of consumers satisfied with insurance agents; personalized service Three-quarters of consumers are very satisfied with the service provided by their insurance agents and remain committed to working with them in...
Gallagher leader says carriers’ and brokers’ service to risk managers today ‘stinks’
Jun 4 2007 // When it comes to the service carriers and brokers provide to today’s risk managers, the quality of that service “stinks,” according to J. Patrick Gallagher Jr., chairman, president and CEO of broker...
Wis. Wausau Survey Reveals Trends in Lines of Commercial Insurance
May 30 2007 // Spurrred by advice from their agent or broker, commercial insurance buyers show increasing interest in buying more than one line of coverage from a carrier, according to a new survey commissioned by Wis.-based Wausau...
Risk Managers Take Strong Stand Against Contingent Commissions
May 30 2007 // The largest association of commercial insurance buyers has stepped-up its opposition to the acceptance of contingent compensation by any agent or broker, calling such compensation “an inherent conflict of...
3 Agencies Earn Target Markets Best Practice Designation
May 30 2007 // The Target Markets Program Administrators Association (TMPAA) awarded three member agencies its Best Practice Designation at ithe association’s recent midyear meeting in Atlanta. Agencies receiving the Best Practice...
Texas Alerts Agents About Investigation Into Nontraditional Product
May 30 2007 // The Texas Department of Insurance issued an alert to agents and consumers concerning a nontraditional insurance product offering it is investigating. The bulletin advised Texas insurance agents to exercise caution with...
Law Enforcement to be First Users of Texas’ Financial Responsibility System
May 29 2007 // A statewide system to verify that drivers in Texas have insured their vehicles to the extent required by law is in the process of being developed and is expected to go online in early 2008, according to one individual...
S&P Assigns ‘B’ Ratings to Hub Int’l.
May 29 2007 // Standard & Poor’s Ratings Services has assigned its “B” counterparty credit rating to Hub International Ltd. with a stable outlook. S&P also assigned its “B” senior secured debt...
FERMA Calls EC Broker Commission Rules ‘Not Entirely Satisfactory’
May 29 2007 // The Federation of European Risk Management Associations notified the European Commission that the level of transparency of broker commissions is still “not entirely satisfactory.” FERMA first proposed changes...
Swiss Re, Big ‘I’ Ink 5-Year Pact On E&O Coverage
May 29 2007 // The Independent Insurance Agents and Brokers Association of America and Swiss Re’s Commercial Insurance have signed an agreement for Swiss Re to be the endorsed errors and omissions carrier of the Big I for five more...
Greenberg Growing C.V. Starr at Home and Abroad
May 29 2007 // Exclusive Video Interview Greenberg Interview, Take 4: Growing C.V. Starr Chairman Maurice “Hank” Greenberg is busy growing his current insurance organization, privately-held C.V. Starr & Co. and all of...
PIA of Oregon/Idaho Names New Board, Award Winners
May 25 2007 // The Professional Insurance Agents of Oregon/Idaho announced its new officers and presented a number of awards at its 40th Annual Convention and Trade Show in Sunriver, Ore. Pete Lackner, owner of Rose City Associates, was...
Here is a Method That is Helping Insurance Agents Succeed in Selling Insurance
May 25 2007 // Insurance agents that succeed in the insurance industry spend at least two hours a day prospecting on the phone. These insurance agents don’t cold call or prospect their relatives, they get insurance leads. Behind...
Sens. Sununu, Johnson Reintroduce Optional Federal Charter Legislation
May 25 2007 // United States Senators John Sununu, R-NH, and Tim Johnson, D-SD, reintroduced “The National Insurance Act of 2007,” legislation that aims to modernize insurance industry regulation by providing an optional...
IIAT 110th Annual Conference Set for June 3 – 5 in San Antonio
May 25 2007 // The Independent Insurance Agents of Texas (IIAT) announced its 110th Conference & Trade Show June 3-5 in San Antonio. Nearly 200 exhibitors are registered for the three-day trade show to be held at the San Antonio...
Let Ground Zero Rebuilding Begin: Spitzer Brokers Settlement with 7 Insurers
May 23 2007 // New York Governor Eliot Spitzer and Insurance Superintendent Eric R. Dinallo announced that they have negotiated a $2 billion settlement between Silverstein Properties and seven insurance companies covering all outstanding...
getGuard™ Insurance Seeks Agents for New Program for Businesses Hit By Identity Fraud
May 23 2007 // Almost every business – from retail to healthcare to professional services – handles personal information such as credit card numbers, social security numbers, and healthcare records. Many businesses think they...
HRH to Acquire Denver Broker Urman
May 23 2007 // Large insurance broker Hilb Rogal & Hobbs Co., based in Richmond, Va., has agreed to acquire the stock of The Urman Co., a Denver-based retail employee benefits and property and casualty brokerage. Terms of the...
Survey: 75% of Consumers Satisfied with Insurance Agents; Prefer Personalized Service
May 22 2007 // Three-quarters of consumers are very satisfied with the service provided by their insurance agents and remain committed to working with them in the future, according to a new survey of 1,000 American consumers commissioned...
