Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Words Are Key When Program Managers and Carriers Put Vows In Writing
Dec 4 2005 // 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 everything.” Greg Thompson, president of THOMCO brokerage in Kennesaw, Ga.,...
U.S. Risk Insurance Opens Irvine, San Diego Offices
Dec 2 2005 // U.S. Risk Insurance Group, Inc. (U.S. Risk) has announced the opening of its Irvine, Calif., office and a satellite office in San Diego. Scott T. Carroll has joined the company as vice president and branch manager to...
LWCC First Insurer in Production with AgencyPort’s Renewal and Endorsement Module
Dec 2 2005 // Louisiana Workers’ Compensation Company and AgencyPort, a provider of agent portal and interface solutions to property and casualty insurers, announced that LWCC has initially deployed AgencyPortal’s new...
Calif. Court Rules in Favor of Earthquake Policyholders
Dec 2 2005 // An insurance broker was a representative for the California Fair Plan Insurance Co. with regard to the Northridge earthquake revival statute, which gave policyholders another year to file lawsuits against their insurers in...
Combined Agents Meet in Austin
Dec 1 2005 // Combined Agents of America LLC reported that at its quarterly board meeting held Nov. 15-17 in Austin, Texas, member agencies gathered to share knowledge, discuss industry issues, review its relationships with insurance...
IIAT Survey Shows Improved Conditions in Texas Homeowners, Auto Markets
Dec 1 2005 // Independent insurance agents in Texas report improved homeowners insurance coverage and lower premium prices for both homeowners and auto insurance as the year comes to an end. A survey of more than 1,800 member agencies...
Broker Who Allegedly Stole $3.8 Million Has 2006 Court Date
Dec 1 2005 // Victims of an insurance broker who allegedly collected $3.8 million for bogus policies through his offices in California, New York and Texas may never recover their money, authorities said. Clarence Joseph Hall III, a San...
John B. Collins Adds 4 Facultative Reinsurance Brokers
Dec 1 2005 // A team of four reinsurance brokers — all specializing in the placement and servicing of facultative and program reinsurance — has joined John B. Collins Associates Inc. The brokers all previously worked for...
Drive Insurance Helps Fund Virginia Big ‘I’ Education Institute Building
Nov 30 2005 // Karen Barone, Virginia product manager for Drive Insurance from Progressive recently presented Tom Welch, president of the Independent Insurance Agents of Virginia, with a check for $25,000, as part of a $50,000 commitment...
Countersignature Laws Now History in 50 States After S.D. Court Ruling
Nov 30 2005 // A federal district court judge in South Dakota ruled this week that the state’s countersignature law is unconstitutional. The ruling means that 50 states have taken action to eliminate the countersignature...
Independent Broker Network Hosts Annual Producer Appreciation Party
Nov 30 2005 // The Independent Broker Network (IBN) is hosting its 12th Annual Producer Appreciation Party in Dublin, Calif., on Dec. 8, 2005 at the Amerisutes Hotel of Dublin and On The Border Mexican Cantina. The event has been...
Florida Big ‘I’ Suggests Elimination of HRA Would Solve the State’s Wind Risk Problem
Nov 30 2005 // A proposed “solution” to Florida’s hurricane insurance problems, based on impressive research and an independent actuarial analysis showing hundreds of millions of dollars in savings has been announced by...
ReSource Pro Rolls Out New Outsourcing Model for MGAs, Program Managers and Retail Brokers
Nov 30 2005 // ReSource Pro LLC, a company specializing in insurance processing for program managers, managing general agents and retail brokers, is rolling out its “in-sourcing” model nationally, a model that boosts...
CII Offers All U.K. Brokers Guidance on Conflict of Interest Solutions
Nov 29 2005 // The U.K.’s Chartered Insurance Institute (CII) announced that it is making its guidance note on Conflicts of Interest available to the whole market in view of the FSA’s letter last week to chief executives on...
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...
