Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
FREQUENTLY ASKED QUESTIONS ABOUT TEXAS’ FINANCIAL RESPONSIBILITY VERIFICATION PROGRAM
May 21 2007 // Is personal information of insureds protected? Yes, data from insurance companies is encrypted before it is sent to the vendor, and anytime the vendor sends information electronically it, too, is encrypted. “We put a...
Where have all the underwriters gone?
May 21 2007 // The commercial insurance industry is not what it was 20 years ago. Clients present deeper risks and greater needs for cost control, and large brokerage houses and carriers are being challenged to respond. But the challenge...
Agents young and old can benefit from bridging the age gap
May 21 2007 // When many young agents first start working in the insurance industry, they believe success is about making money. While they may focus on developing strategies to reach out to clients, they often do so with the goal to...
Declarations
May 21 2007 // Every opportunity “Independent agents continue to hold their own in terms of market share despite unprecedented advertising campaigns from direct writers. The independent agent distribution model is viable, flexible...
Status quo on Capitol Hill may be best
May 21 2007 // IIABA’s leader Bob Rusbuldt hopes Congress does nothing, except on TRIA Insurance Journal’s Andrew Simpson, at the IIABA’s National Legislative Conference and Convention in Washington, D.C., in April,...
‘Big 3’ brokers still feeling effects of Spitzer attack, Standard & Poor’s says
May 21 2007 // The October 2004 attack by then New York Attorney General, now Governor, Eliot Spitzer against bid rigging and contingent commissions generated significant losses, both in income and competitiveness, for the world’s...
What it takes for an agent to be truly independent
May 21 2007 // Given today’s business environment, is it possible for independent agents to truly be “independent?” When we talk about an independent agent, we simply think of a producer who has access to many different...
Big 3 brokers still feeling Spitzer effect
May 21 2007 // The attack that began in October 2002 by then New York Attorney General, now Governor, Eliot Spitzer against bid rigging and contingent commissions generated significant losses, both in income and competitiveness, for the...
Are you truly independent?
May 21 2007 // Given today’s business environment, is it possible for independent agents to truly be “independent?” When we talk about an independent agent, we simply think of a producer who has access to many different...
News Currents
May 21 2007 // Miss. producers go the extra mile for their community Meridian agents find time for defending their community’s economy, culture and architecture While many independent agents make it a point to become involved in...
Agents young and old can benefit from bridging the age gap
May 21 2007 // When many young agents first start working in the insurance industry, they believe success is about making money. While they may focus on developing strategies to reach out to clients, they often do so with the goal to...
Declarations
May 21 2007 // Declarations Furious pace “Despite the well-known vulnerability to hurricanes and rapidly escalating property values, coastal development in vulnerable areas continues at a furious pace. Adding billions of dollars in...
May 21 2007 // People Patricia Smith has joined InsurBanc, a financial services provider for independent insurance agencies, as vice president of sales and business development. Smith will focus on the needs of independent agencies and...
News Currents
May 21 2007 // Agents advised: fundamental shift in compensation coming Contingent commissions for agents and brokers should be watched by regulators but these profit-sharing arrangements do not necessarily have to be eliminated,...
Claims against insurance agents and brokers: Timing is everything
May 21 2007 // In the aftermath of Hurricanes Katrina and Rita, many insurance agents and brokers in Louisiana and Mississippi and, to some extent, in Texas have found themselves being sued for allegedly failing to advise their customers...
People
May 21 2007 // Liberty Northwest, a member of Liberty Mutual Group based in Portland, Ore., appointed Larry W. Becker president and chief operating officer. Becker most recently was executive vice president, sales and marketing for...
Agents young and old can benefit from bridging the age gap
May 21 2007 // When many young insurance agents first start working in the insurance industry, they believe success is about making money. While they may focus on developing strategies to reach out to clients, they often do so with the...
Where have all the underwriters gone?
May 21 2007 // The commercial insurance industry is not what it was 20 years ago. Clients present deeper risks and greater needs for cost control, and large brokerage houses and carriers are being challenged to respond. But the challenge...
‘Big 3’ brokers still feeling effects of Spitzer attack, Standard & Poor’s says
May 21 2007 // The October 2004 attack by then New York Attorney General, now Governor, Eliot Spitzer against bid rigging and contingent commissions generated significant losses, both in income and competitiveness, for the world’s...
Reduce client services to better compete
May 21 2007 // Customer loyalty, in insurance and elsewhere, is an oxymoron. Buyers shift allegiances faster than a [reader: fill in your own metaphor]. Still, even in these increasingly cutthroat times, most property/casualty agencies...
