Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Brokers experience no shortage in M&A activity in first quarter 2007
Apr 23 2007 // Stock Prices: Brokers’ stock prices have been mixed through the first quarter of 2007. Hub International Ltd. and USI Holdings Corp. have experienced stock price increases due to take-over premiums, as both companies...
Double Duty
Apr 23 2007 // Twenty-nine year old Peter Webb served his country in the U.S. Marines for eight years. Since then, Sergeant Webb has spent four years serving small businesses as an account manager and producer for an Oklahoma City...
News Currents
Apr 23 2007 // Banks’ total insurance revenue dipped The nation’s bank holding companies (BHCs) experienced a slight decline of 1.3 percent in their total insurance revenue from $44.1 billion in 2005 to $43.5 billion in 2006....
Maine Law Restricts Agents’ Cross-Selling of Insurance Products
Apr 20 2007 // Prompted by complaints from Maine consumers, the Legislature has enacted a law to prohibit insurance agents who schedule appointments to discuss Medicare from trying to interest people in other policies. Gov. John Baldacci...
Mass. Ruling Gives New Hope to Advocates of Auto Assigned Risk Plan
Apr 20 2007 // Whether Massachusetts will implement an assigned risk plan for its private passenger auto market was considered a dead issue when in January the incoming Patrick administration suspended rules to create one, but now the...
SWBC’s Dunham Nominated for Young Agent of the Year
Apr 19 2007 // Southwest Business Corporation (SWBC) announced that SWBC Insurance Services account executive, Erin Dunham, has been nominated for Young Agent of the Year by the Independent Insurance Agents of Texas. This list is...
Unlicensed Fla. Insurance Seller Snared in Undercover Operation
Apr 19 2007 // A South Florida man is facing charges of selling insurance without a license after he attempted to sell an annuity to an undercover Department of Financial Services’ investigator. Eric Brown, 37, of Highland Beach,...
N.D. Commissioner Says Agent Now Suspected of Taking $700,000
Apr 19 2007 // An insurance agent who killed herself in late March is now suspected of taking $700,000 in premium payments from a number of businesses, state officials say. They have yet to figure out why. Investigators also have not...
Calif. Office of Administrative Law Repeals DOI Agent/Broker “Precedential Decision”
Apr 19 2007 // The California Department of Insurance (CDI) has been handed a procedural setback in its effort to crack down on agents charging broker fees. This week, the California Office of Administrative Law (OAL) determined that...
Crump’s Denver Office Names Propst, Clements Brokers
Apr 17 2007 // The Denver office of Crump Insurance Services Inc. has named Chad Propst and Shannon Clements brokers. Propst has seven years of experience in professional, property and casuatly, as well as auto, cranes and aviation. He...
Utah Court: Agents Should Take Care When Making Verbal Promises
Apr 16 2007 // The Utah Supreme Court has found that a “party may recover under the doctrine of estoppel when an insurance agent makes material misrepresentations as to the policy provisions, the party reasonably relies on those...
R&M Issues UK Broker Report
Apr 16 2007 // Dublin-based Research and Markets announced the addition of Insurance Brokers etc. – Portfolio Analysis to their offering, which provides a detailed analysis of the 2000 leading UK brokerage firms. “The...
The Quickest Way Insurance Agents Can Increase Sales
Apr 11 2007 // The most important thing insurance agents have to realize is that direct mail campaigns, bus bench advertisement, newspaper ads, yellow pages ads, cold calling, and door knocking does not work. It’s a major reason...
Long Beach Broker-Agents to Pay Restitution for Bogus Insurance
Apr 11 2007 // Insurance broker-agent Carlos Macias, and former insurance broker-agent Yvette Diaz (aka Yvette Benitez) have been convicted and sentenced in connection with a scheme that involved stealing insurance premiums and issuing...
Cameron Insurance: A Satisfied e2Value Client
Apr 10 2007 // Almost five years ago, Cameron Insurance Companies, headquartered in Cameron, Missouri, began searching the marketplace for a cost estimator that offered a consistent approach to assessing the replacement cost of a home....
Banks’ Total Insurance Revenue Dipped; Brokerage Income Rose in ’06
Apr 10 2007 // The nation’s bank holding companies (BHCs) experienced a slight decline of 1.3 percent in their total insurance revenue from $44.1 billion in 2005 to $43.5 billion in 2006. Citigroup, Inc. (N.Y.), Wells Fargo &...
Klimek to Head Up Sales and Marketing for WSS in Calif., Texas
Apr 10 2007 // Richard L. Polizzi, president/CEO of Pasadena, Calif.-based Western Security Surplus Insurance Brokers Inc. (WSS) and Kyle Stevens, chief operating officer, in Dallas, Texas, announced personnel changes following their...
E.L.M. Insurance Brokers Forms DataFlow Insurance Systems
Apr 10 2007 // El Segundo, Cailf.-based E.L.M. Insurance Brokers Inc. has formed a new company, DataFlow Insurance Systems Inc. According to E.L.M. President and CEO Frederick J. Fisher, the new company will market DataFlow products and...
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...
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...
