Latest Agencies Headlines

Colemont Insurance Brokers Opens Phoenix Office

Sep 6 2006 // Colemont Insurance Brokers has opened a new office in Phoenix. Marc Adler and Tim Downey, two experienced brokers, have joined the company to manage the new office and to serve as senior vice presidents. “Our new...

Texas Regulators Announce July 2006 Enforcement Actions

Sep 5 2006 // The Texas Department of Insurance recently announced enforcement actions taken by Commissioner Mike Geeslin that became final during July. The actions include 24 license revocations, one license denial and fines and...

Va. Insurance Broker’s Big Step: First ‘Carbon Neutral Footprint’

Sep 5 2006 // Rutherfoord, a Roanoke, Va. insurance broker, says it is committed to reducing its greenhouse gas emissions and has become the first in the U.S. insurance industry to establish a carbon neutral footprint in response to the...

USI Holdings Buys Leader Associates and Emerson Reid, N.Y.-N.J. Agencies

Sep 5 2006 // USI Holdings Corporation has acquired Melville, N.Y.-based Leader Associates. The acquisition is expected to contribute approximately $9 million in revenue to USI on an annual basis. Terms of the transaction were not...

The Mass. liquor JUA serves up misleading market information

Sep 4 2006 // As a managing general agent for liquor liability insurance for over 20 years, I took great interest in a recent article in Insurance Journal titled, “Raising the bar on liquor liability training.” (See...

What the West Coast can learn from the Gulf Coast

Sep 4 2006 // One year after Hurricane Katrina, the insurance industry says that nearly 95 percent of homeowners insurance claims have been settled. Insurance companies have paid billions in storm damage claims, and the vast majority of...

News Currents

Sep 4 2006 // News Currents One year later: Gulf Coast agents & Katrina recovery How 3 Mississippi Gulf Coast agents, their families and communities are progressing Last October, Insurance Journal spent two days in Mississippi...

Understanding real estate-related risks

Sep 4 2006 // Throughout many states in the U.S., there has been an incredible increase in the number of professionals involved in or related to real estate. When thinking about real estate risks, the first to come to mind are real...

Warren is a 20-year insurance industry veteran. She originally joined Beecher Carlson in March 2005 as senior vice presi

Sep 4 2006 // People American International Group, Inc. named Nicholas J. Ashooh as senior vice president of communications. Ashooh succeeds John T. Wooster, Jr. who had filled that role on a temporary basis since year-end 2005, and...

Glenn

Sep 4 2006 // Former Executive Director A ‘spirited’ Kentucky wants make up ground in the race for captives Glenn Jennings replaced Martin J. Koetters as Executive Director of the Kentucky Office of Insurance in April 2005....

TENN. AGENT IN BATTLE

Sep 4 2006 // KENTUCKY’S JENNINGS Interview with former regulator INSURANCE GLAMOUR How to grab college grads

Navigating Washington’s business and occupation tax tangle

Sep 4 2006 // Washington State’s current business and occupation (B&O) tax laws operate under a unique structure that can confuse even the most astute insurance agent or company. Harbored within this structure is the question...

News Currents

Sep 4 2006 // Associations oppose eliminating contingent commissions The attorneys general of New York, Connecticut and Illinois are continuing their fight against anti-competitive practices in the insurance industry. In doing so, they...

Cultivating a management mentality

Sep 4 2006 // A common misconception among agency owners who began their careers in sales is the belief that agency management and sales management are the same. The art and science of agency management require a unique set of...

Role models

Sep 4 2006 // Independent insurance agents are probably rarely asked to compile resumes but if they were, they would rightfully describe their roles as employers, producers, managers, problem solvers and consultants. Few, however, would...

An assault on compensation agreements

Sep 4 2006 // Both the Independent Insur-ance Agents of Oklahoma and the Independent Insurance Agents of Texas reported they have joined other agent groups in denouncing recent assaults on compensation agreements between independent...

Sep 4 2006 // People RISC, based in Dallas, promoted Beth Winstead to senior vice president in its Brokerage Department. Winstead joined RISC in 1997 as a casualty broker and has been one of its most consistent performers since that...

Hurricanes Katrina and Rita spawn legislation, bulletins in Miss. and La.

Sep 4 2006 // Hurricanes Katrina and Rita exposed many misconceptions and misunderstandings that consumers had, or claimed to have had, with respect to their insurance coverage for hurricane related damage. The aftermath of these two...

What the West Coast can learn from the Gulf Coast

Sep 4 2006 // One year after Hurricane Katrina, the insurance industry says that nearly 95 percent of homeowners insurance claims have been settled. Insurance companies have paid billions in storm damage claims, and the vast majority of...

Rates are softening

Sep 4 2006 // As the surplus lines world turns to another year of soft market conditions, specialists and innovators may be the ones to survive as increasing competition intensifies, according to excess and surplus lines brokers,...