Latest Agencies Headlines

Ohio Enters into $7 Million Settlement Agreement with Zurich

Oct 25 2006 // Attorney General Jim Petro and Ohio Department of Insurance Director Ann Womer Benjamin announced that they have reached a settlement with Zurich American Insurance Co., resolving allegations that the company conspired...

N.C. Honor Heckle as Agent of Year

Oct 24 2006 // North Carolina independent insurance agents received kudos for leadership, service and dedication at this year’s annual convention. At the Independent Insurance Agents of North Carolina event held Oct. 8-11 in...

UK Brokers Get E-Commerce Access to ACE European Mid-Level D&O

Oct 24 2006 // ACE European Group has expanded its e-commerce offerings to UK brokers with the launch of a Directors & Officers (D&O) product on the Acturis broker platform. “The auto-rated cover, specifically developed...

Capstone Underwriters Adds Kenebrew as Underwriter/Broker

Oct 24 2006 // Dallas, Texas-based Capstone Underwriters Inc. announced that Laura Kenebrew has joined the firm as an underwriter and broker. Kenebrew adds her 16 years of underwriting and management experience in the Texas...

Busciglio Joins Burns & Wilcox Tampa Office as Senior Broker

Oct 24 2006 // National specialty insurance wholesaler Burns & Wilcox has added Mary Busciglio to its staff. She joins the company’s Tampa, Fla., office in the position of senior broker. The announcement was made by Vice...

Burns & Wilcox Relocates Milwaukee Office

Oct 24 2006 // Burns & Wilcox, a Farmington Hills, Mich.-based national specialty insurance wholesaler, underwriter and managing general agent, has announced the expansion and relocation of the company’s Milwaukee office to...

6 Pennsylvania: Wall Street West?

Oct 23 2006 // State makes pitch to be Wall Street’s backup location 6 Making Hartford shine again Conn. sees talent pool giving it edge in competition for insurance jobs 8 Mass. weighs jail time for workplace safety...

People

Oct 23 2006 // The Allstate Corporation announced a leadership transition, which will occur over the next 18 months. Edward M. Liddy, currently chairman and chief executive officer, plans to step down as CEO at the end of 2006. Thomas J....

Ohio former agent pleads guilty to $70,000 senior insurance annuities scam

Oct 23 2006 // The Ohio Department of Insurance announced that an investigation has led to the guilty plea of former insurance agent James Moneypenny of Seville, Ohio. Moneypenny, who pleaded guilty to insurance fraud, money laundering...

Breeding the next generation through internships

Oct 23 2006 // In cooperation with insurance industry partners, universities across the nation are helping to cultivate the next generation of risk managers and actuarial scientists through insurance internship programs. As an example,...

Declarations

Oct 23 2006 // Crisis in S.C. “The costs associated with the workers’ compensation system are increasing at a faster rate than in other states. That, coupled with the large assessment for the Second Injury Fund, creates an...

Flying solo now, former Zurich executive ‘gooses ‘ N.C. agents

Oct 23 2006 // A retired insurance industry executive turned turbo-charged motivational speaker told a group of independent insurance agents that they are the greediest people he has ever met. Ray Thomas, a former Zurich North America...

Oct 23 2006 // People The Main Street America Group has named Bonny Parker vice president for personal lines. She will be based at corporate headquarters in Jacksonville, Fla., and report to Bill Anderson, senior vice president,...

IIABA president: contingency commission crisis threatens agents

Oct 23 2006 // For a small to midsize independent insurance agency, contingency commissions can determine whether the business survives, according to many in the industry. That explains why Alex Soto, a Miami agent who is also president...

Sticking up for the little guys

Oct 23 2006 // Somewhat akin to Rodney Dangerfield, smaller agents don’t seem to get any respect—or at least not as much respect as their larger counterparts. It is becoming difficult to keep the carriers they currently have,...

Oct 23 2006 // People Pat Arthur, a partner in the Dallas insurance and risk management firm McQueary, Henry, Bowles, Troy, has been appointed president-elect of the Independent Insurance Agents of Dallas. He will be responsible for...

Recovery after a disaster involves more than data and office space

Oct 23 2006 // One lesson Bill Boyd learned in the aftermath of Hurricane Katrina is that recovery from a disaster entails much more than simply restoring the critical functions of a business. “What we’ve learned … is...

Disaster planning helped New Orleans agencies get back up and running

Oct 23 2006 // You could almost feel it, the bond that had formed as we worked to bring our agency back to life, help our clients, and assist each other through the most trying times we will hopefully ever know,” said Douglass C....

People

Oct 23 2006 // The Society of Chartered Property Casualty Underwriters elected new officers and governors. They are: President Betsey L. Brewer, senior vice president of The Rule Co. in Pasadena, Calif. President-Elect James L. Britt,...

Why agents oppose contingent commission settlements

Oct 23 2006 // Imagine for a moment a state legislator introducing a bill that made it illegal for businesses to pay year-end bonuses to their sales forces. Then imagine that this piece of legislation also made it mandatory that all...