Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Words Mean a Lot When Administrators and Carriers Write Marriage Vows
Dec 5 2005 // Program managers urged to protect themselves when negotiating carrier contracts. Carrier contracts are like a marriage, according to Greg Thompson, president of THOMCO brokerage in Kennesaw, Ga. “As in a marriage, if...
How Program Managers Can Avoid the ‘Courthouse Blues’
Dec 5 2005 // A 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...
Issues in Current Return Premium Accounting
Dec 5 2005 // California Insurance Code requires property and casualty insurance agencies to receive premiums and return premiums in a fiduciary capacity. Return premium funds must be maintained in a separate trust bank account and...
Former Calif. Broker Nabbed on Grand Theft Charges
Dec 5 2005 // A former Beverly Hills, Calif., insurance broker has been arrested and charged with one count of grand theft after an investigation by the California Department of Insurance (CDI) Investigation Division. CDI Investigators...
NEW ONLINE LICENSE SERVICE AVAILABLE FOR WASH. AGENTS AND BROKERS
Dec 5 2005 // Insurance agents, brokers and other insurance professionals licensed to transact business in Washington can now print copies of their licenses from their personal computers using a new online service offered by the Office...
When to Create an Agency Marketing Department
Dec 4 2005 // Agencies that establish an effective centralized marketing department as part of an overall strategic plan will experience a significant competitive edge over their competitors who do not have such a department. This is...
Ease of Doing Business Survey Sets Benchmark for Carriers to Follow
Dec 4 2005 // Ease of Doing Business (EDB) has been a bit like the weather-everybody talks about it, but doing something about it is another matter. While you can’t change the weather, you can equip yourself and your organization...
IJ’s Program Directory, as well as IJ’s E&S Directory and Workers’ Comp Directory, are also available online. Brokers an
Dec 4 2005 // Welcome to Insurance Journal’s 14th Annual Program Directory, Volume II. Information contained in this 2005 directory has been compiled by IJ’s staff as a resource for readers. For the purposes of this...
Your New Employee is about to Start, Now What?
Dec 4 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...
News Briefs
Dec 4 2005 // Willis Expands in China, Latin America: In a breakthrough agreement, global insurance broker Willis Group Holdings Limited, has received written approval from the China Insurance Regulatory Commission (CIRC) to increase...
News Briefs
Dec 4 2005 // Greenberg Will Not Face Criminal Charges: Additional civil charges against former American International Group Inc. Chairman and CEO Maurice “Hank” Greenberg are possible, but no state criminal charges are...
Agency Consolidation Dynamics are Ripe for the Picking
Dec 4 2005 // The consolidation of insurance agencies has played a prominent role within the industry over the last 30 years. Now more than ever, however, such activity increasingly influences the average size of distributors, the scope...
Mississippi Insurance Commissioner George Dale Serving Eighth Term; Hurricane Katrina Wasn’t Much, Compared to the After
Dec 4 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...
Dec 4 2005 // Burns & Wilcox, a national specialty insurance managing general agency, has promoted Wayne Bates to director of the company’s Special Risk Division (SRD), International and promoted him to associate vice...
News Briefs
Dec 4 2005 // ALABAMA Alabama Expects 50,000 Claims More than 50,000 claims are expected in Alabama from hurricane damage, however, complete cost estimates won’t be available until this month. Ragan Ingram, Department of Insurance...
How Program Managers Can Avoid the Courthouse Blues
Dec 4 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...
FAIA: Employment Crisis Threatens Agencies
Dec 4 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...
Dec 4 2005 // How Program Managers Can Avoid the ‘Courthouse Blues’ A little old lady from San Francisco rejected an earthquake endorsement on her homeowners’ coverage, only to have her home later destroyed by...
Agent-Carrier Partnerships Need Goal Clarity and Exit Strategy, Not Love
Dec 4 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...
