Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Firm Boosts Insurance Agency Web Sites on Google, Yahoo
Dec 12 2006 // I-Marketing Management has launched a search engine optimization service to help improve the placement of agency and broker Web sites on popular online search engines such as Google and Yahoo. According to Laurie Donohue,...
La. Insurance Agent Arrested and Issued C&D Order
Dec 12 2006 // An Albany, La., insurance agent was recently arrested and issued a cease and desist order on charges of fraud, forgery and misappropriation of funds, the Louisiana Department of Insurance reported. Roberta Ann...
Texas Agent Accused of Issuing Bogus Insurance Certificates in La.
Dec 12 2006 // The Louisiana Department of Insurance announced that a Texas insurance agent has been told to cease and desist engaging in allegedly fraudulent insurance activities in Louisiana where he is not a licensed agent. The...
Texas Agents and Empower Insurance Respond to Christmas Wishes
Dec 12 2006 // Texas-based auto insurance provider Empower Insurance Group announced it is teaming up with numerous independent insurance agents across the state to reach out to families in need this holiday season through the Empower...
Brown & Brown to Reimburse Fla. Municipalities $4.8 Million in Fees
Dec 11 2006 // Insurance agency Brown & Brown, Inc. has agreed to reimburse up to 400 cities and counties in Florida approximately $4.8 million for collecting undisclosed fees or commissions when it placed various coverages with...
Safeco lists on NYSE, hopes to grow by improving agent incentives
Dec 11 2006 // Seattle-based Safeco said it is expecting independent agents, in part, will help the company grow organically and provide predictable returns for investors. In a question and answer session following its listing on the New...
Suit against Miss. agent over flood policy advances
Dec 11 2006 // A federal judge has ruled that a Gulf Coast couple can sue their insurance agent for negligence after he allegedly allowed their flood insurance policy to lapse only days before Hurricane Katrina wrecked their...
Bolton & Co:Providing resources for customers produces profits
Dec 11 2006 // Developing a Web presence is not the primary focus at Bolton & Co. Insurance Brokers — developing the skills of employees and building relationships with customers is the chief concern. After all, when employees...
Private equity market bullish on E&S brokers
Dec 11 2006 // By mid-November more than $500 billion in private equity transactions had occurred in 2006, $100 billion in October 2006 alone, according to Andrew Rosen, a partner with private equity firm HM Capital Partners. Dallas,...
Declarations
Dec 11 2006 // Are the elves at work? “Just because it’s close to Christmas doesn’t mean the governor has to be Santa Claus. That’s not what the special session should be.” — Louisiana State Rep. Steve...
Indiana’s McGowan Group named ‘2006 Agency of the Year’
Dec 11 2006 // McGowan Insurance Group Inc. of Indianapolis received the Independent Insurance Agents of Indiana’s (IIAI) “Agency of The Year Award” at an awards ceremony in November at their Annual Convention. The...
N.Y. AGENT RUNS FOR DISABLED VETERANS
Dec 11 2006 // John W. Bailey, of Dryden, N.Y., executive vice president of George B. Bailey Agency Inc., is an independent insurance agent who goes above and beyond to help those around him. Bailey completed the New York City Marathon...
Conn. agents could face fight on contingent pay
Dec 11 2006 // Insurance executives would likely create a replacement incentive should lawmakers in Connecticut ban contingent commissions, as the state regulator has warned could happen. Executives voiced their dismay over possible...
For regional carriers, predictive modeling is about more than pricing
Dec 11 2006 // Frank J. Coyne, chief executive officer of Insurance Services Office, recently warned that insurers unable to keep up in the technological arms race face a grim prognosis. The industry leader said a chasm is growing...
Declarations
Dec 11 2006 // Contingent commission ban “Many industries — not just the insurance industry — rely on performance-based compensation, which is legal, honest and brings many benefits to the insurance marketplace, as it...
Zurich agrees to terms to close multi-state bid-rigging probe
Dec 11 2006 // In separate but related move, N.Y., Conn., Ill. tell four insurers contingent commissions no longer an option Ten states, led by Texas and its Attorney General Greg Abbott, have come to terms with Zurich American, closing...
Declarations
Dec 10 2006 // Are the elves at work? “Just because it’s close to Christmas doesn’t mean the governor has to be Santa Claus. That’s not what the special session should be.” — Louisiana State Rep. Steve...
Suit against Miss. agent over flood policy advances
Dec 10 2006 // A federal judge has ruled that a Gulf Coast couple can sue their insurance agent for negligence after he allegedly allowed their flood insurance policy to lapse only days before Hurricane Katrina wrecked their...
People
Dec 10 2006 // The Des Plaines, Ill.-based Property Casualty Insurers Association of America announced that Deirdre Manna, former acting director of the Illinois Division of Insurance, has joined PCI as vice president of industry and...
Private equity market bullish on E&S brokers
Dec 10 2006 // By mid-November more than $500 billion in private equity transactions had occurred in 2006, $100 billion in October 2006 alone, according to Andrew Rosen, a partner with private equity firm HM Capital Partners. Dallas,...
