Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Editor’s Note: Prompt adoption by agencies of thetechnology is important because the
Feb 19 2006 // companies and vendors are closely monitoring agency usage in deciding whether to invest in it further. Points and clicks have the insurance industry moving faster than it ever has before. But just imagine being able to go...
Often overlooked, accurate insurance-to-value should be priority
Feb 19 2006 // Inadequate ITV is not just a problem for the insurance industry – it also can be detrimental to policyholders. When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value (ITV)...
If you really want to upset your clients, don’t allow them to finish expressing their thoughts by cutting their communic
Feb 19 2006 // How to keep your non-standard auto clients When selling non-standard auto insurance, do you know how to retain your clients or are you driving away the business? There are a number of factors that affect retention,...
Broker acquisitions remain active; stock prices drop slightly
Feb 19 2006 // Stock Prices: After four straight months of gains in the brokerage sector, stock prices fell 1 percent during the December/January period. This is particularly notable since the sector traded up 6 percent in...
What E&S brokers pay
Feb 19 2006 // More than three-quarters (77%) of wholesalers and brokers said that firm salaries increased in 2005 compared to 2004. Nearly half (49%) of all E&S firms ansering Insurance Journal’s survey reported paying their...
Growing Your Property Casualty Agency
Feb 19 2006 // Hiring a relative as an agency producer Hiring a relative can be a terrific or a terrible move. Unfortunately, it isn’t always easy working with your relatives, day after day. Personal and professional problems...
By Christopher L. Pesce
Feb 19 2006 // What lies beneath the surface of a yacht policy? Commonly overlooked coverage issues mean added exposure for agents Although no standard such as ISO exists for the yacht insurance industry assuring consistency from carrier...
National Auto Agents Alliance Gathers for Semi-Annual Board Meeting
Feb 17 2006 // The National Auto Agents Alliance (NAAA) held its semi-annual board meeting in Las Vegas on Feb. 10. At the meeting, the membership application for The Alliance of Insurance Agents and Brokers (formerly known as the...
Former Calif. Farmers Agent Sentenced for Premium Theft
Feb 16 2006 // California Insurance Commissioner John Garamendi has announced that Gary Calcagno, 48, of Carlsbad, Calif., has been sentenced to three years probation and ordered to pay $13,460 restitution for stealing premiums from 20...
Ala. Commissioner: ‘End Air Force One Policy’
Feb 16 2006 // An effective National Disaster Program has to be found so that if there is a catastrophe, we won’t have to rely on an “Air Force One Policy,” in which Air Force One flies in and brings us $20 billion,...
Baton Rouge, La., Agent Arrested
Feb 16 2006 // A Baton Rouge, La., insurance agent has been arrested and issued a cease and desist order for alleged felony theft and misappropriation of insurance premiums, according to the Louisiana Department of Insurance. LDI...
U.S. Risk Insurance Acquires Lighthouse Underwriters
Feb 15 2006 // U.S. Risk Insurance Group in Dallas, Tex. is acquiring Lighthouse Underwriters, LLC of Anandale, Va. Under the terms of the agreement, Lighthouse will become an operating division of U.S. Risk Insurance Group, but will...
Delgado Appointed to Calif. Alliance of Insurance Agents and Brokers Board
Feb 15 2006 // Carlos Delgado, CLU (Danmar Insurance Services, Riverside), has agreed to serve on the Alliance of Insurance Agents and Brokers’ board of directors. Delgado, a 35-year industry veteran, began his insurance career in...
Specialty Broker Ames & Gough Names Knise President
Feb 15 2006 // Specialty broker Ames & Gough announced the election of Dan Knise as its new president and CEO. Knise was elected at the firm’s annual Board meeting after joining the firm as an equity partner in their McLean,...
N.Y. Regulator Balked at Spitzer Deal Ending AIG Contingent Pay
Feb 15 2006 // Producers should no longer expect contingent commissions from American International Group, according to the recent settlement with New York Attorney General Spitzer and what the company says is its own global policy...
Kansas Agent’s Probation Revoked, Judge Reinstates Prison Sentence
Feb 14 2006 // Wichita resident Jeffrey Lopez, a former insurance agent, convicted of two felonies in 2001, had his probation revoked and was ordered to serve a prison sentence. Kansas Securities Commissioner Chris Briggs says that Lopez...
Aon’s Agency Specialty Product Network Forms LifeSource Alliance
Feb 14 2006 // Agency Specialty Product Network has joined with LifeSource – a BISYS Company to provide independent property and casualty agents and brokers a “virtual” life insurance department to enhance sales,...
Fisher’s Agent License Revoked After Felony Conviction
Feb 13 2006 // Oklahoma’s current insurance commissioner has revoked the insurance agent license of her predecessor, the Associated Press reported. Insurance Commissioner Kim Holland rescinded Carroll Fisher’s inactive...
Miami-Dade County Big ‘I’ Slates Feb. 22 ‘All Industries Day’
Feb 13 2006 // “Lessons Learned and How to Prepare for the Next Hurricane Season” will be the topic of the Feb. 22 All Industries Day sponsored by the Independent Insurance Agents of Dade County in Miami-Dade County,...
Moraitis Joins Network E&S Insurance Brokers as a Vice President
Feb 10 2006 // Network E&S Insurance Brokers LLC, a California-based wholesale broker, reported that Michael Moraitis has joined Network E&S Insurance Brokers, as a vice president – Casualty Broker in the Calabasas...
