Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Coming To The Rescue
Feb 25 2007 // Bernd (Bernie) G. Heinze, executive director of the American Association of Managing General Agents (AAMGA), recalls a perfect example of the regulatory difficulties the surplus lines industry faces. A colleague at a...
D&O experts show little tendency to drink from a glass ‘half full’
Feb 25 2007 // Things are about as good as they can get right now in the directors and officers liability environment but that doesn’t necessarily comfort D&O brokers and underwriters in this high-profile segment; instead it...
A new direction for directors and officers coverage
Feb 25 2007 // Even though they may not be compelled by law to buy locally admitted D&O insurance, many companies may find that the global solution they’ve purchased for years is no longer satisfactory. A company that acquires...
IMS Starts New Healthcare Wholesale Division
Feb 23 2007 // Houston-based Wholesale broker IMS Insurance Market Solutions has started a Healthcare Division. Leading the division is Linda Morse, who most recently was vice president and Houston Healthcare manager for U.S. Risk...
Progressive Drops ‘Drive’ Brand Name…Except in Calif.
Feb 23 2007 // The Progressive Group of Insurance Companies today announced a change in its brand names for products sold through its agents. The company said it is putting the Progressive name first in the names of all of the products...
Accredited Adviser Seminars To Be Held in Washington
Feb 23 2007 // The American Institute for CPCU and the Insurance Institute of America (AICPCU/IIA) have signed an agreement with the Independent Insurance Agents & Brokers of Washington (IIABW) to give seminars based on the...
N.Y.-Based Brokerage Kinloch Names Iacono as General Counsel
Feb 22 2007 // New York-based Kinloch Holdings, Inc., an insurance brokerage holding company formed in 2006, has named John P. Iacono as its general counsel. Iacono brings 32 years’ insurance and legal experience to Kinloch. Prior...
Agents Could Benefit from Incentive Pay Plans Replacing Contingent Income
Feb 22 2007 // Incentive pay plans for agents that some insurers are implementing to replace discontinued contingency compensation could work out better for agents than the programs they are replacing. A handful of major carriers banned...
Final Call to Participate: Who’s Worth What in the Independent Agency System?
Feb 21 2007 // Insurance Journal is polling insurance agents and brokers nationwide in its quest to find out who’s worth what in the independent agency system. More than 1,000 agencies nationwide have already responded to Insurance...
Smart Choice University Formed; Quinn Named Director
Feb 20 2007 // The Smart Choice Agents Program, which currently serves more than 2,300 independent agencies across the country, has announced the formation of Smart Choice University and the selection of Mary Quinn as its first Director...
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...
