Latest Agencies Headlines

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...

Technology

Oct 23 2006 // New check processing technology can help insurance agents improve efficiencies, have quicker access to funds and reduce banking fees. Check technology helps insurance companies save time and money Brokerage agencies and...

E. coli expedites need for recall and business interruption coverage

Oct 23 2006 // On Sept. 13, epidemiologists in New Mexico, Wisconsin and Oregon began discussing a cluster of E. coli infections and warned the Centers for Disease Control and Prevention that they suspected fresh-bagged spinach as the...

Check technology helps insurance companies save time and money

Oct 23 2006 // Brokerage agencies and insurance companies across the country are changing the way they move money — taking advantage of a piece of legislation that allows them to process policyholder checks more quickly and...

Bustamante and Poizner in the final campaign stretch

Oct 23 2006 // From holding the line on new reforms to reducing uninsured motorists, a fair share of work lurks ahead for California’s soon-to-be-chosen insurance commissioner. Front-runners fighting for the honor of regulating...

Second association joins fight against Garamendi

Oct 23 2006 // The Alliance of Insurance Agents and Brokers, La Verne, Calif., is drafting a letter to the California Office of Administrative Law in support of the recent petition by IBA West over the California Insurance...

HOSPITALITY RISKS

Oct 23 2006 // In Pennsylvania, a disabled customer complained of emotional distress when she dined at a restaurant that lacked adequate parking for her wheelchair van and where the restrooms were not fully wheelchair-accessible. The...

News Currents

Oct 23 2006 // Banks’ insurance revenues, insurance brokerage fees up The nation’s bank holding companies increased their total insurance revenue 1.1 percent to $21.4 billion in the first half of 2006 from $21.2 billion...