Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Swett & Crawford CEO says softening market doesn’t leave out E&S market as an option
May 21 2007 // Whether the market is “soft” or “softening” doesn’t make a difference. There’s still a place for the excess and surplus lines broker in the mix, says Neal Abernathy, CEO of Swett and...
Agent leader renews vow to defend incentive pay
May 21 2007 // The leader of the Independent Insurance Agents and Brokers of America has promised agents his group will vigorously defend incentive pay and contingent commissions that have come in for criticism by some attorneys...
News Currents
May 21 2007 // Willis rejects insurers’ alternatives for contingent commissions After a review of the supplemental compensation plans recently proposed in the marketplace by certain carriers, Willis Group Holdings reported that it...
People
May 21 2007 // McQueary Henry Bowles Troy named Senior Vice President Brad Van Stavern to lead the new property/casualty practice in its Austin office. Van Stavern brings experience in the health care industry, where he held positions...
The rest of the story: directors and officers coverage for independents
May 21 2007 // The historic out-of-pocket payments made in recent years by independent directors of publicly traded firms are enough to instill fear in board members everywhere, not to mention their insurance brokers. But is the fear...
Agents Using ‘Real Time’ Really Save Time, IVANS Survey Says
May 21 2007 // Agents using industry-standard real-time solutions offered by their carriers claim time savings of more than 50 percent when processing transactions such as quoting, billing and claim inquiries, loss runs, and policy...
D.C. Places Risk Retention Group, Cabina-America, Under Restrictions
May 21 2007 // Risk retention group Cabina-America, whch was licensed in April 2006, has been placed under restrictive order by Commissioner Thomas E. Hampton of the District of Columbia Department of Insurance, Securities and Banking...
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...
Agent leader renews vow to defend incentive pay
May 21 2007 // The leader of the Independent Insurance Agents and Brokers of America has promised agents his group will vigorously defend incentive pay and contingent commissions that have come in for criticism by some attorneys...
Bank of America Considers Selling its Insurance Brokerage Division
May 18 2007 // Bank of America Corp. said it is exploring the possibilities of selling its insurance brokerage business, Banc of America Corporate Insurance Agency LLC. The bank did not say why it wants to sell the unit or what price it...
LeadsClearance.com Allows Insurance Agents to Preview Insurance Leads Before Buying
May 18 2007 // In the age of the internet insurance consumers are going online to shop for insurance. LeadsClearance.com connects insurance agents with motivated consumers. Unlike other insurance lead providers, LeadsClearance.com allows...
Okla. Commissioner Testifies Before U.S. Senate
May 18 2007 // Oklahoma Insurance Commissioner Kim Holland told members of a U.S. Senate committee recently that federal law is impeding the ability of insurance commissioners to protect the elderly who buy Medicare managed care...
La. Bail Bond Agent Accused of Taking Premiums
May 18 2007 // The Louisiana Department of Insurance announced that a Baton Rouge-area bail bond agent has been arrested and issued a cease and desist order and summary suspension of his insurance license for allegedly misappropriating...
Citizens Fields Questions from Fla. Homeowners, Agents at Forum
May 17 2007 // Irma Kelly is frustrated over the cost of her Citizens Property Insurance coverage, so she came to a policyholder’s forum to give the state-run insurer’s chairman an earful. Kelly, a resident of a Broward...
Iowa Hawkeye-Security Expands Automated Inland Marine Offerings
May 16 2007 // West Des Moines, Iowa-based Hawkeye-Security Insurance, a member of Liberty Mutual Group, announced it is now offering Inland Marine coverage through new upgrades to Commercial IQ, the company’s Web-based application...
Bank of America Eyes Sale of Commercial Insurance Brokerage Unit
May 16 2007 // Bank of America said it has retained Banc of America Securities LLC to act as its financial advisor to explore strategic alternatives for its commercial insurance brokerage business, Banc of America Corporate Insurance...
Ind. PIA Announce 2007 Award Winners
May 16 2007 // The Professional Insurance Agents of Indiana Inc. (PIA) announced its annual awards on May 10th at the 2007 PIA of Indiana Annual Convention. Each year, PIA of Indiana honors two individuals and one company for exemplary...
Former Florida GOP Chairman, Insurance Agent Dies at 84
May 16 2007 // William M. Taylor, a former chairman of the Florida Republican Party, has died. He was 84. Taylor, an insurance agent for 50 years, grew up in Thomasville, Ga., The Florida Times-Union reported. He moved to Jacksonville as...
How Insurance Agents Can Benefit from the Boom for Insurance Products
May 16 2007 // With the boom in the insurance sector, market for insurance products has started to grow. Americans witnessed the most devastating events in the recent past. The 9/11 terrorist attacks or hurricane Katrina are examples of...
USI Holdings Closes on Acquisition of Florida Broker Goldin
May 16 2007 // USI Holdings Corp. today announced the acquisition of Miami, Fla.-based benefits broker, Steven E. Goldin Insurance, Inc. Goldin provides benefits products and services to mid-sized businesses throughout Southeast Florida....
