Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Former Calif. Broker Charged with Selling Fake Policies
Nov 29 2005 // Calif. Insurance Commissioner John Garamendi has announced that a former Los Angeles insurance broker has been arrested and charged with 63 felony counts related to the sale of thousands of fake insurance policies...
Ark. Amends Rule on Effect of Non-Licensed Agent/Brokers
Nov 29 2005 // The Arkansas Insurance Department announced it has amended its previously issued bulletin of 9-2004 regarding the effect of non-licensure of agent/brokers on insurance contracts in Arkansas to correct code citations under...
FSA Warns Brokers to Disclose Conflicts of Interest
Nov 28 2005 // The U.K.’s Financial Services Authority (FSA) has issued a warning to the brokerage community that it may require full disclosure of commissions and fees, unless greater attention is paid to the rules regarding...
Integro Buys Lloyd’s Broker Humphreys, Haggas, Sutton
Nov 24 2005 // Integro Ltd. announced the acquisition of Humphreys, Haggas, Sutton & Co. Ltd. (HHS), a Lloyd’s broker founded in 1994 by its three principals, Toby Humphreys, Simon Haggas and John Sutton. “This...
Two Convicted in 2004 Murder of Insurance Agent in Philadelphia
Nov 23 2005 // A judge this week convicted two men of the murder of an insurance agent whose body was found in a North Philadelphia trash bin last year. Common Pleas Judge Jane Cutler Greenspan, after a nonjury trial, convicted Michael...
Willis Acquires Peru Broker, Brazil Benefits Provider
Nov 22 2005 // Willis Group Holdings announced two acquisitions aimed at strengthening the international broker’s presence in the Latin American market. Willis has acquired both JH Asesores y Corredores de Seguros S.A. (JHA), a...
Big ‘I’ Leader Says Hurricane Response ‘Too Slow;’ Hails Flood Reform, TRIA Progress
Nov 22 2005 // The insurance industry’s response to Hurricanes Katrina and Rita has been “too slow” and the job of adjusting claims is a long way from being completed in the view of the leader of the nation’s...
DOI HITS FELONIOUS BAIL BOND AGENTS:
Nov 21 2005 // Missouri Insurance Director Dale Finke announced a crackdown on bail bond agents with felony convictions who have obtained licenses from the Insurance Department during the past several years. “The Missouri Supreme...
Your New Employee is About to Start, Now What?
Nov 21 2005 // (Editor’s note: This is the second 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...
How to Choose the Right Bank for Your Agency
Nov 21 2005 // As an independent agent or agency owner, you have unique financial needs. Unfortunately, few banks truly understand those needs. Worse yet, it has become the norm for banks to also sell insurance, meaning they actually...
Push or Pull?
Nov 21 2005 // Is the image of the insurance industry forever tainted in the public’s eyes? Ipsos Public Affairs, a market research company, recently conducted an online survey of the public’s perception of the insurance...
California Commissioner Drops Broker Regulations
Nov 21 2005 // California Insurance Commis-sioner John Garamendi has announced that he will halt efforts to adopt new regulations imposing fiduciary duties and mandatory disclosure regulations on insurance agents and brokers. “We...
IBA West “Guide to Compensation Disclosure
Nov 21 2005 // The IBA West “Guide to Compensation Disclosure,” includes: discussion of possible components of compensation disclosure; sample introductory clauses; sample commission disclosure clauses; sample contingent...
ILLINOIS
Nov 20 2005 // Lawmakers Pass Kids’ Health Plan: The Illinois House passed H.B. 806, Gov. Rod Blagojevich’s “All Kids” health insurance program on a 79-28 vote, following Senate approval on a 32-23 vote. The...
Nov 20 2005 // The Board of Directors of Arthur J. Gallagher & Co. elected Kay W. McCurdy to serve on its board of directors. McCurdy began her career in 1975 as an attorney at Lord, Bissell & Brook in Chicago and has more than...
News Briefs
Nov 20 2005 // FloridaFAIA Likes Due-Diligence Decision The Florida Association of Insu-rance Agents has filed an amicus (friend of the court) brief with the First District Court of Appeals in a case involving an insurance agent who...
How to Choose the Right Bank for Your Agency
Nov 20 2005 // As an independent agent or agency owner, you have unique financial needs. Unfortunately, few banks truly understand those needs. Worse yet, it has become the norm for banks to also sell insurance, meaning they actually...
Your New Employee is About to Start, Now What?
Nov 20 2005 // After a long search, your agency has finally found the right employee. Intelligent, the right attitude, solid background. So what do you do with them now? There is so much they need to learn, but how do they get...
People
Nov 20 2005 // Dallas-based Colemont Corporation named David Stevoff as chief operating officer of Colemont Brokerage Group, its U.S. subsidiary. In this newly created position, Stevoff will have responsibility for the overall operations...
