Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
N.Y. Court Confirms Agent Not Liable Where Client Fails to Disclose
Dec 5 2005 // The Supreme Court of the State of New York, County of Nassau, has reversed a lower court decision that found an insurance agent could potentially be held responsible for misrepresentations in a life insurance...
Insurance Agent Arraigned on Felony Charges and Grand Theft
Dec 5 2005 // An insurance broker-agent has been arraigned in Los Angeles County Superior Court on two felony counts of financial elder abuse and four felony counts of grand theft following a two-year investigation by the California...
Agent-Carrier Partnerships Need Goal Clarity and Exit Strategy
Dec 5 2005 // The carrier executive tried to pin down agents on what they wanted from their insurers. Among the vague responses of exclusivity, underwriting authority and respect, one complaint stood out. “When asked about why he...
Cronin, Farrelly Named To Represent Plymouth Rock with Conn. Agents
Dec 5 2005 // Plymouth Rock Assurance Corporation, a Boston-based auto insurer, has appointed Matthew H. Cronin as senior marketing representative in Connecticut and Sean P. Farrelly as marketing representative in Connecticut. In this...
Conn. Proud of Its ‘Common Sense’ Compensation Disclosure Law
Dec 5 2005 // States in search of a “common sense” approach to insurance producer compensation disclosure might consider talking to Connecticut officials, that state’s commissioner recently proposed. “I’m...
Words Are Key When Program Managers and Carriers Put Vows In Writing
Dec 5 2005 // Program Managers Urged to Protect Themselves When Negotiating Carrier Contracts As in a marriage, if it’s a good relationship, the parties never have to consider the contract. But if things go badly, words mean...
AGENTS BACK EXPENSE FORMULA:
Dec 5 2005 // The Professional Insurance Agents of New Jersey Inc. recently supported the New Jersey Department of Banking and Insurance’s proposal to change the method for calculating the maximum allowed expense limits for...
How Program Managers Can Avoid the Courthouse Blues
Dec 5 2005 // The little old lady from San Francisco rejected an earthquake endorsement on her homeowners coverage, only to have her home later destroyed by earthquake. Her family sued the agent, the case went to trial, and the jury...
Agent-Carrier Partnerships Need Goal Clarity and Exit Strategy, Not Love
Dec 5 2005 // The carrier executive tried to pin down agents on what they wanted from their insurers. Among the vague responses of exclusivity, underwriting authority, respect and long-term relationships, one complaint stood out. When...
Mississippi Insurance Commissioner George Dale Serving Eighth Term
Dec 5 2005 // In public and in an interview with Insurance Journal, Misissippi Insurance Commis-sioner George Dale comes across as a laid-back Mississippi farm-boy, but the commissioner, who has been reelected for eight terms, has...
Promoting the Industry to Students
Dec 5 2005 // At several recent conferences speakers emphasized low employment rates are having a detrimental effect on their efforts to find qualified employees to work in the insurance industry. Efforts to find new employees are a...
Ease of Doing Business Survey Sets Benchmark for Carriers to Follow
Dec 5 2005 // Insurer Performance Ranks Well on Average, But Many Could Improve on Key Factors Ease of Doing Business (EDB) has been a bit like the weather–everybody talks about it, but doing something about it is another matter....
FAIA YOUNG AGENTS COUNCIL FORMED
Dec 5 2005 // A new Young Agents Council has been formed by the Florida Association of Insurance Agents in Tallahassee, Fla., to perpetuate the future of the independent insurance agency system by serving as a unified voice of young...
Agent-Carrier Partnerships Need Goal Clarity and Exit Strategy, Not Love
Dec 5 2005 // The carrier executive tried to pin down agents on what they wanted from their insurers. Among the vague responses of exclusivity, underwriting authority, respect and long-term relationships, one complaint stood...
A New Home for Lower Value Dwellings
Dec 5 2005 // Heartland Marketing Group Inc. recently introduced a new market for lower valued homes, including mobile/manufactured home, travel trailer and stand-alone dwelling fire risks. Offered through Aegis Security Insurance...
Words Mean a Lot in Vows Between Program Administrators and Carriers
Dec 5 2005 // As in a marriage, if you’re in a good relationship, you never have to consider the contract. But if things go badly, words mean everything,” Greg Thompson, president of THOMCO brokerage in Kennesaw, Ga., told...
MIAMI/DADE COUNTY YOUNG AGENTS
Dec 5 2005 // More than 40 property and casualty producers, company representatives, association members, and life and health representatives attended a recent party in Coral Gables at which everyone celebrated the formation of the...
Smaller and Regional Programs: Proven Exercises
Dec 5 2005 // Here are a few smaller and regional programs that are meeting specific needs Pumped for profit Robin C. Brennan knows fuel dealers. She’s been handling their insurance needs since 1998. Brennan is a vice president...
Your New Employee is about to Start, Now What?
Dec 5 2005 // Editor’s note: This is the second article in a series offering best practices suggestions for hiring in the independent agency. Part one of this series appeared in Insurance Journal’s Nov. 7 western region...
FAIA: Employment Crisis Threatens Agencies
Dec 5 2005 // An impending employment crisis is threatening independent insurance agents and will become disastrous by 2010 unless employers act now, Lisa Harrington, Florida Association of Insurance Agents vice president of education...
