Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
PIA of La. Goes to Washington
Apr 5 2006 // The Professional Insurance Agents of Louisiana (PIA) reported that several of the association’s members are set to meet with members of Congress in Washington, D.C. on April 6, 2006. Jared “Butsy” Martin,...
NASD Fines AIG Affiliate American General Securities $1.1 Million
Apr 5 2006 // NASD, the securities industry’s private sector regulator, has fined American General Securities, Inc. (AGSI), a member company of American International Group, Inc. (AIG) located in Houston, more than $1.1 million in...
Illinois-based Arthur J. Gallagher Acquires Sobieski & Bradley, Inc.
Apr 5 2006 // Chicago-based Arthur J. Gallagher & Co. announced the acquisition of Sobieski & Bradley, Inc. of Salt Lake City, Utah. Terms of the transaction were not disclosed. Formed in 1987, Sobieski & Bradley, Inc. is...
Senators Introduce Optional Federal Charter Legislation
Apr 5 2006 // Citing bipartisan support to revamp the insurance industry regulatory system, two U.S. senators today unveiled legislation that would allow life and property/casualty insurers to choose federal rather than state regulation...
Tower Group Pens Reinsurance, Pooling, Expense Pact with CastlePoint
Apr 5 2006 // Tower Group, Inc. in New York has entered into a strategic relationship with CastlePoint Holdings, Ltd.,a Bermuda-based holding company that it has sponsored. The move gives Tower reinsurance backing, additional...
N.H. Agents Plan Education Conference; Commissioner to Speak
Apr 4 2006 // The Professional Insurance Agents of New Hampshire Inc.’s 2006 Annual Conference will be held Wednesday, May 24, 2006, at the Marriott Courtyard and Grappone Conference Center, Concord, N.H. More than 100 insurance...
Insurance Journal Reports on How Zurich Pacts Affect Agents; Promise of Mid-Sized D&O Market
Apr 4 2006 // Independent agents representing Zurich Insurance in the U.S. will have to disclose their income before binding any commercial lines policies for Zurich and some Zurich agents may be denied contingency compensation under...
Rating Agencies React to Fairfax 10-K Filing; Part 1 – A.M. Best Affirms Ratings; Off Watch
Apr 4 2006 // The rating agencies have taken different actions on Fairfax Financial Holdings and its subsidiaries, including Odyssey Re Holdings in which Fairfax has an 80 percent stake, following the Group’s filing of its Form...
Rating Agencies React to Fairfax 10-K Filing; Part 2 – Fitch Maintains Credit Watch on Group
Apr 4 2006 // The rating agencies have taken different actions on Fairfax Financial Holdings and its subsidiaries, including Odyssey Re Holdings in which Fairfax has an 80 percent stake, following the Group’s filing of its Form...
Rating Agencies React to Fairfax 10-K Filing; Part 3 – Off S&P Credit/Watch
Apr 4 2006 // The rating agencies have taken different actions on Fairfax Financial Holdings and its subsidiaries, including Odyssey Re Holdings in which Fairfax has an 80 percent stake, following the Group’s filing of its Form...
Hub Closes on Acquisition of 3 Mass. Agencies from Citizens Financial
Apr 4 2006 // Hub International Limited has closed its acquisition of three Massachusetts insurance brokerages of Citizens Financial Group, Inc. . As part of the transaction, Hub also entered into a previously announced strategic...
VanDelinder to Speak at San Antonio Agents’ Luncheon
Apr 4 2006 // David VanDelinder, executive director of the Independent Insurance Agents of Texas, will be the featured speaker at the Independent Insurance Agents of San Antonio April 18 membership luncheon. VanDelinder will present...
Sure, We Can Bind Your Policy, With <em>CHECK BIND</em>!
Apr 4 2006 // Online Check System Used by Los Angeles County now Available to Insurance Professionals and Hundreds Have Already Signed Up Although the ability to accept checks by phone, fax, or the Internet has been around for a while,...
American Financial Group Inc. Offers Option for Senior Convertible Notes
Apr 4 2006 // American Financial Group, Inc. announced that through June 30, 2006, holders of its Senior Convertible Notes are entitled to convert their notes to AFG common stock resulting from the increased trading value of AFG’s...
Assurex Global Adds New Partners in Europe and Pacific Rim
Apr 4 2006 // Columbus, Ohio-based Assurex Global has added new partners in Australia, Switzerland and Austria. OAMPS Insurance Brokers, Ltd. in Australia; GWP Insurance Brokers in Switzerland; and Assurance Partners Versicherungsmakler...
Insurers unlikely to alter credit scoring as agencies pursue uniformity
Apr 3 2006 // The decision by the three major consumer credit reporting agencies to create a more uniform credit scoring system is not expected to have a major impact on insurers’ use of credit in rating personal lines insurance...
New uniform credit agencies’ scoring system not likely to impact insurers
Apr 3 2006 // The recent announcement by the three major consumer credit reporting agencies that they have created a new credit scoring system aimed at simplifying the loan process likely will not have a major impact on insurers’...
Leverage agency resources by retaining your talent
Apr 3 2006 // (Editor’s note: This is the fifth in a series of articles offering “best practices” suggestions for the hiring process in the independent agency. More information is available at iiat.org under Agency...
Leverage agency resources by retaining your talent
Apr 3 2006 // (Editor’s note: This is the fifth in a series of articles offering “best practices” suggestions for the hiring process in the independent agency. More information is available at iiat.org under Agency...
Times Have Changed. Are you still driving this business?
Apr 3 2006 // Can independent agents compete in the nonstandard auto market? The big boys are better organized, financed and dominating the byways. They also are not creating a level playing field. More often than not, large insurers...
