Latest Agencies Headlines

Clarendon Clarifies Hannover Re Decision on Programs

Sep 5 2005 // Many people questioned what Hannover Re’s Chief Executive Wilhelm Zeller, meant when he announced a “new strategy” for its U.S. subsidiary, Clarendon Insurance Group. Presiding over the German...

Missouri Jury Tells State Farm to Pay

Sep 5 2005 // A Kansas City jury recently had some bad news for one of the nation’s top insurers in deliberations that reportedly took less than six hours. The message to State Farm–pay up. Five former State Farm Insurance...

Illinois Agent Sells Bogus Circus Coverage

Sep 5 2005 // Insurance regulators in Kentucky and Nebraska are investigating an Illinois-based insurance company for allegedly defrauding amusement industry operators in Kentucky and Nebraska. Richard A. Brooks & Associates Ltd.,...

Ohio Agent Appeals Fraud Suspension

Sep 5 2005 // An Ohio insurance agent has appealed a five-year license suspension from the Ohio Department of Insurance for issuing fraudulent certificates to physicians who contracted for medical malpractice coverage. John Westhoven...

Pass it On: Transferring Your Agency to the Next Generation

Sep 5 2005 // Selling a small or mid-sized insurance agency is relatively easy. An abundance of banks and large agencies are salivating at the opportunity to get into the agency business or get a jump-start on growing their existing...

Pass it On: Planning Agency Perpetuation

Sep 5 2005 // A Modest Proposal for Transferring Your Agency to the Next Generation Selling a small- or mid-sized insurance agency is relatively easy. An abundance of banks and larger agencies are salivating at the opportunity to get...

Bay Area Agent/Broker Pleads Guilty

Sep 5 2005 // A former California insurance broker/agent faces up to 20 years in prison after pleading guilty in New York to conspiracy charges related to insurance fraud. The case stems from the findings of a joint investigation by the...

Missouri Jury Tells State Farm to Pay

Sep 5 2005 // A Kansas City jury recently had some bad news for one of the nation’s top insurers in deliberations that reportedly took less than six hours. The message to State Farm-pay up. Five former State Farm Insurance agents...

People

Sep 5 2005 // AVRECO, a wholesale insurance brokerage based in Chicago, has announced the appointment of Marcia Gloppe as an underwriter in the professional liability underwriting department, headed by Linda Deiss. Gloppe began her...

People

Sep 5 2005 // Ronald L. Alexander has been named president and managing partner of Willis Group Holdings Ltd.’s Tennessee operations in Knoxville, Tenn. Alexander was formerly executive vice president and chief operating officer...

How Retail Agents Can Develop/Improve Relationships with Wholesalers

Sep 5 2005 // The answer is yes. And now for the question. Did you know that if your application is received by a broker/underwriter, and it is not complete, it goes to the bottom of his/her stack of new business? This is no way for us...

CSRs That Say “I Do” Can Marry the Account to the Agency

Sep 5 2005 // In a favorable agency environment, the producer and account manager share a symbiotic relationship. Both are aware of their individual talents and that they each contribute something unique to the client. While it is the...

Sep 5 2005 // Linda Slaughter has been promoted from senior vice president of claims to COO at Concord, Calif.-based Athens Administrators, part of the Jenkins Athens Group. Slaughter joined Athens in its founding days and has been with...

Pass it On: Planning Agency Perpetuation

Sep 5 2005 // Selling a small- or mid-sized insurance agency is relatively easy. An abundance of banks and larger agencies are salivating at the opportunity to get into the agency business or get a jump-start on growing their existing...

Shortcomings of Current Premium Invoice Accounting

Sep 5 2005 // California Insurance Code requires P/C insurance agencies to receive premium funds in a fiduciary capacity. Producer agencies are allowed to transfer earned commissions upon receipt of premium payments. Due to the...

The Industry Goes to School: More Universities that Offer Insurance Degrees

Sep 5 2005 // In the second of a series of articles, Insurance Journal profiles five universities that offer undergraduate and graduate degrees in insurance. More universities will be profiled in future editions of Insurance...

California Man Pleads Guilty

Sep 5 2005 // John Arcurio, of Fillmore, California, plead guilty June 22, to two felony counts of workers’ compensation fraud and insurance fraud. Arcurio was arrested in Kern County and transferred to the County of Ventura...

Sep 5 2005 // Barbara Zimmerman has joined IBA West as membership benefits vice president. She will be responsible for the research, development and management of IBA West Service Corporation programs and management of Membership...

Insurers Address Brokerage Income Directly to Consumer

Sep 5 2005 // Just last week, one of the assistant directors at our firm, Brunie Lugo, was routinely reviewing a client’s renewal quotation she had received, checking it for accuracy, reviewing the pricing and proposed renewal...

After the Internet, Comes The Invasion of the Insurance Exchanges

Sep 5 2005 // Independent insurance agents have outplayed and outscored the Web-based insurance distribution systems that tried to eliminate them and are on the verge of even greater victories, one of the industry’s technology...