Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Top 10 myths of D&O liability insurance
Apr 9 2007 // In today’s soft directors and officers market, the importance of a long term approach can often be lost in the process of securing coverage. However, history has proven in the past 15-plus years that the D&O...
Handle customer data with care — it’s the law
Apr 9 2007 // Insurance agents and brokers constantly deal with customers’ personal information. Yet many in the industry may not be aware of the legal requirements for handling or storing this information. How should agents and...
People
Apr 9 2007 // Marsh Inc. appointed chief operating officers for three of its core business sectors. The executives are: Patricia Hagemann, who has been named chief operating officer of the Americas; David Lessing, chief operating...
Riding out soft and hard market cycles with quality relationships
Apr 9 2007 // Analyzing the economic rhymes and reasons of soft and hard market cycles in the insurance industry would make for a challenging university-level business course. Theories abound on why and when these cycles occur, but no...
Two charged in bicoastal restaurant insurance brokerage scam
Apr 9 2007 // A Canadian man has been extradited to the United States to face trial on charges that he swindled $7 million from the victims of a fraudulent commercial insurance policy scheme, Acting New York Insurance Superintendent...
Bipartisan flood insurance ‘modernization’ bill boosts borrowing, maximum limits
Apr 9 2007 // News Currents U.S. Reps. Judy Biggert, R-Ill., and Barney Frank, D-Mass., introduced bipartisan legislation to revamp the National Flood Insurance Program that boosts the program’s borrowing authority to $21.5...
Top 20 Banks in Insurance Brokerage Fee Income (2006/Nationally)
Apr 9 2007 // Rank 2006 Insurance Brokerage Fee Bank Income Name City, State Web site 1 $973.0 million Citibank N.A. Las Vegas, Nev. www.citibank.com 2 $799.4 million Branch Banking and Trust Co. Winston-Salem, N.C. www.bbt.com 3 $190.1...
‘Free agents’ and other 2007 management trends
Apr 9 2007 // What are the trends agency management owners should pay attention to? Here is a list of the key issues that many firms are struggling with today and a few suggestions on how to handle these trends. 1. “Free...
Agents Group Updates Technology Site with Real-Time Features, Vendors, More
Apr 6 2007 // To help members explore and implement the myriad benefits of technology into their businesses, the Professional Insurance Agents of New York State, New Jersey, Connecticut and New Hampshire unveiled an updated PIA...
Broker Integro Forms International Unit Based in London
Apr 5 2007 // Integro Ltd., a New York-based insurance brokerage and risk management firm, is forming an international insurance and reinsurance business unit based in London. The new group will offer worldwide insurance and reinsurance...
Delaware Agent Groups Closer to Merger; Members to Vote April 18
Apr 5 2007 // The boards of directors for the Insurance Agents & Brokers of Delaware (IA&B of DE) and the Independent Insurance Agents of Delaware, Inc. (IIAD) have unanimously voted to approve the plan for merger of their...
Maryland Assembly OKs Measure to Shield Agents from Notice Liability
Apr 4 2007 // Maryland insurance agents are applauding the General Assembly for relieving them of liability in the delivery of notices about flood and homeowners insurance. The Senate and House of Delegates unanimously passed companion...
Ohio Casualty Sponsors Agent Branding Program, The Partnership
Apr 3 2007 // Ohio Casualty Group® today has announced its sponsorship of two key projects of the National Association of Professional Insurance Agents (PIA). The company is an official sponsor of the PIA Branding Program, Local Agents...
Penn Valley, Calif., Agent Sentenced for Fraud and Petty Theft
Apr 3 2007 // James Sepeda, 33, a former insurance agent from Penn Valley, Calif., has been convicted of one felony count of insurance fraud and three misdemeanor counts of petty theft, according to the California Department of...
Agents’ Group Honors N.Y.’s Franzese
Apr 2 2007 // Robert Franzese has been named the 2007 PIA National Professional Agent of the Year by the National Association of Professional Insurance Agents. Franzese is chief executive officer of Capital Bauer Insurance Agency, Inc....
Wis. Moore Recipient of National Young Insurance Professional Award
Apr 2 2007 // Michael J. Moore has been named the 2007 PIA National Young Insurance Professional of the Year. The award was presented March 31, 2007 by the National Association of Professional Insurance Agents (PIA). Moore is executive...
Safeco Consolidates Nonprofit Social Service Product Line with NIF Group
Apr 2 2007 // Seattle-based Safeco said its insurance product line for nonprofit social service agencies will now be available to all independent agents through NIF Group Inc. “NIF Group has successfully represented Safeco’s...
St. Pete Agent Chosen to Serve on Fla.’s Citizens Board of Governors
Mar 30 2007 // Carol Everhart, vice president for BB&T-Iler Wall & Shonter Insurance in St. Petersburg, Fla., has been chosen to serve on the Citizens Property Insurance Corp. board of governors. Nominated by Senate President...
Judge Rules Spitzer Suit May Continue; Liberty Mutual Not Giving Up Fight
Mar 30 2007 // Liberty Mutual has vowed to continue its court fight against charges begun by former New York Attorney General Eliot Spitzer that it engaged in anti-competitive bid-rigging and broker compensation practices after a judge...
Former La. Insurance Agent Arrested on Fraud Charges
Mar 29 2007 // The Louisiana State Police Insurance Fraud and Auto Theft Unit announced the arrest of a former Iberia Parish insurance agent on charges of Insurance Fraud and Forgery. Troopers believe David Sampy, 43, of Sugarhill Drive...
