Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
CII Launches Broker Academy
Feb 16 2007 // The U.K.’s Chartered Insurance Institute (CII) has launched a A new learning facility, the “Broker Academy,” under the direction of its Faculty of Insurance Broking.” David Slade, Chairman of the...
InsurBanc Introduces Equipment Leasing Program
Feb 16 2007 // InsurBanc, a federally charted savings bank serving independent insurance agents, brokers and their clients, is rolling out its Agents’ Express Leasing program, a new equipment leasing plan for agencies and their...
Former N.Y. Supt. Mills: State Regulation Has Holes to be Filled
Feb 15 2007 // Looking back on his two-year tenure, former New York Superintendent of Insurance Howard Mills says state regulation could stand some improvement. According to the former Empire State insurance chief, the state regulatory...
WKF&C Adds Insurance Agents’ Professional Liability Coverage
Feb 15 2007 // WKF&C Agency, Inc. has expanded its professional liability facility to include coverage for insurance agents and brokers. The nationwide managing general agency for excess and surplus lines said the coverage, written...
Ill. Insight Insurance Asks Agents to Join Campaign to Prevent Malaria
Feb 15 2007 // Geneva, Ill.-based Insight Insurance Services, Inc. is taking a shot at saving lives through the “Nothing But Nets campaign,” a global grassroots initiative designed to prevent malaria across Africa with the...
Surplus Lines and Reinsurance Reform Legislation Reintroduced in Congress
Feb 15 2007 // Federal legislation that would establish national standards for state regulation of the surplus lines and reinsurance markets made its second appearance into Congress today. Rep. Ginny Brown-Waite, R-Fla., and Rep. Dennis...
Agents Urge Mass. to Scrap Assigned Risk Plan
Feb 15 2007 // Massachusetts insurance agents today urged the administration of Gov. Deval Patrick to halt the implementation of a proposed auto insurance assigned risk plan begun by his predecessor, Mitt Romney. Implementation of the...
Senate, House Get Bipartisan Bills to Repeal Insurance Antitrust Immunity
Feb 15 2007 // Senator Patrick Leahy (D-Vt.), chairman of the Judiciary Committee, joined with Senate Democratic and Republican leaders this week to introduce a bipartisan bill that would strip the insurance industry of its limited...
Arch Capital Reports $239 Million Q4 Net; $692.6 Million Full Year
Feb 14 2007 // The Bermuda-based Arch Capital Group Ltd. has reported net income available to common shareholders for the 2006 fourth quarter of $239.3 million, or $3.12 per share, compared to $100.9 million, or $1.34 per share, for the...
For Better or Worse…Travelers Launches Wedding Insurance
Feb 14 2007 // More than 3,000 weddings take place every day in the U.S., with the average cost now reaching $27,000 each. Recognizing that the “big day” comes with a mighty financial commitment, Travelers announced today the...
HUB International to Acquire La.’s Hibernia Insurance Agency
Feb 14 2007 // Chicago-based HUB International Limited announced it has agreed to acquire substantially all of the assets of Louisiana-based insurance brokerage, Hibernia Insurance Agency L.L.C. Hibernia Insurance, an $18 million revenue...
Agents Prepare for Legislative Summit in Washington
Feb 13 2007 // Members of the National Association of Professional Insurance Agents will convene on Capitol Hill in Washington, D.C. on March 28 and 29, 2007 for their 25th annual Federal Legislative Summit. The 2007 PIA Federal...
New Wholesale Broker, Camford National, Opens in N.J.
Feb 13 2007 // Lebanon, N.J.-based Camford National Insurance Brokers LLC, has opened as a specialty lines wholesale insurance brokerage serving property/casualty agents and brokers both nationally and internationally. Camford National...
International Insurance Brokers Sues Team Bank, Mystic Capital
Feb 13 2007 // International Insurance Brokers Ltd., headquartered in Tulsa, Okla., announced it has filed suit in the United States District Court for the Northern District of Oklahoma against TeamBank N.A., Team Financial Inc. and...
Broker Bollinger in Buying Mood: Acquires 2 N.J. Agencies
Feb 13 2007 // Bollinger, Inc., one of the country’s largest insurance brokers, has acquired two New Jersey insurance agencies. The agencies are The Peter Duffy Agency, in Green Village, and Patchett, Grode & Topp, in...
Flood Insurance: FEMA resources offer better ways to serve clients
Feb 12 2007 // As we are well aware, flooding caused by hurricanes and tropical storms can wreak havoc along the Eastern Seaboard and Gulf Coast from June through November. What many fail to realize, however, is that flood risk is not...
Why a regional carrier might be an agent’s best friend
Feb 12 2007 // The old saying “all politics is local” is born of the realization that the things that most directly affect us are local issues. In that respect, one could say that insurance is a local business. Risk...
Court reverses $20 million jury award to ex-State Farm agents
Feb 12 2007 // The Missouri Court of Appeals recently threw out a $20 million jury award to five former State Farm Insurance agents who claimed they were improperly terminated for criticizing the company’s treatment of...
Commercial clients ‘swallow a bitter pill’ when it comes to cat coverage
Feb 12 2007 // When it comes to property catastrophe insurance coverage, many commercial clients are being forced to swallow a bitter pill in the form of steep prices, new limits on policies, higher deductibles and a shortage in the...
Why a regional carrier might be an agent’s best friend
Feb 12 2007 // The old saying “all politics is local” is born of the realization that the things that most directly affect us are local issues. In that respect, one could say that insurance is a local business. Risk...
