Latest Agencies Headlines

FORMER AGENT CHARGED

Aug 22 2005 // Louisiana Commissioner of Insurance Robert Wooley announced that a former insurance producer from Mansura, La., was arrested and issued a cease and desist order for allegedly misappropriating insurance funds. Gordon Mark...

Negotiating the Highs and Lows in the Oil and Gas Market

Aug 22 2005 // Everything’s negotiable. If that’s not the key operational phrase in the oil and gas sector–both in terms of oil and gas production and insuring that risk–then it comes very close. Contracts rule in...

The Four C’s of Risk Management for the Oil and Gas Operator

Aug 22 2005 // In what seems a lifetime of handling risk management and insurance for oil and gas operators (well, I guess it is a lifetime if you are under 35 years of age), I have come to the realization that the functions to protect...

Broker Disclosure Dominates Western States Surplus Lines Conference

Aug 22 2005 // Brokers should disclose contingent commissions and other incentive agreements to consumers, industry experts said at the Western States Surplus Lines Conference held July 24-26 in San Diego. Participants in the...

Former Insurance Broker Pleads Guilty

Aug 22 2005 // The California Department of Insurance announced that Mark Jerome Gentry of Antioch, Calif., entered a guilty plea on June 23, 2005 to multiple counts of grand theft in the Contra Costa County Superior Court. Gentry was...

WIAA SUBMITS COMMENTS ON LATEST GARAMENDI AGENDA PROPOSAL:

Aug 22 2005 // The Western Insurance Agents Association submitted comments to the California Department of Insurance opposing yet another over-reaching proposed regulation impacting the insurance industry. Michael J. D’Arelli, vice...

IIABO TO HOLD 77TH ANNUAL CONVENTION AUG. 28-30:

Aug 22 2005 // The Independent Insurance Agents and Brokers of Oregon have announced the highlights of their upcoming annual convention, “United We Stand.” The event will be held at the Tigard Embassy Suites Aug. 28 to Aug....

Aug 22 2005 // The Independent Insurance Agents & Brokers of New York Inc. recently announced the promotion of six staff members at the statewide trade association, effective Aug.1. IIABNY, which represents more than 18,000...

Editor’s Note: Life Imitates Art

Aug 22 2005 // Just when I thought I was out, they pull me back in!” (Al Pacino as Michael Corleone, Godfather III) In case you haven’t noticed from the accompanying mug shot, I replaced Kevin O’Reilly as Insurance...

Latin Agents Tackle Wind Damage Issues; Explain Confusing Condo Statutes

Aug 22 2005 // Like a hurricane rolling in from the Atlantic, a panel on hurricane insurance claims, moderated by Rudy Valdez-Diaz, a past-president of the Latin American Association of Insurance Agents, went into high-gear during the...

Response to Market, Choosing a Strategy Critical

Aug 22 2005 // The speed at which insurance providers respond to the market is critical and their timing in choosing a strategy is critically important, Dennis Rowe, Penn National CEO, said during the Alabama Independent Insurance...

News Briefs

Aug 22 2005 // ALABAMA Hurricane Sales Tax Measure Dies An effort was mounted during Alabama Legislature meetings to grant a sales tax break on necessary supplies to prepare for a hurricane but the measure did not pass. Its sponsor Rep....

IIANC Honors Broker of the Year, Company of the Year

Aug 22 2005 // Two awards have been presented by the Independent Insurance Agents of North Carolina: Burns & Wilcox/Moorehead City has been named “Broker of the Year;” and GMAC Insurance has been honored with the...

S. Fla. Agent Arrested for Switching Policies, Defrauding Seniors

Aug 22 2005 // An insurance agent who targeted victims between the ages of 72 and 86 and fed on their fears about aging has been arrested for allegedly defrauding at least nine South Florida senior citizens by offering them a quote for...

Bill Stiglitz Tells AIIA, Compensation System Under Attack

Aug 22 2005 // Our compensation system is under attack, independent agents put about $2 billion in their pockets due to profit sharing and it is under attack, there is no doubt about it,” Bill Stiglitz, Independent Insurance Agents...

Looyenga Outlines Major Hurricane Policy Changes

Aug 22 2005 // Open Market System Suggested: It’s essential to prepare now in case that one-in-10,000 major hurricane hits the Southern United States, Roger Looyenga, CEO of Auto-Owners Ins-urance said at the Florida Assoc-iation...

The Four C’s of Risk Management for the Oil and Gas Operator

Aug 22 2005 // The primary reason lawsuits occur is because the broker/ agent did not fulfill his responsibility of knowing his clients exposures and addressing them properly. In what seems a lifetime of handling risk management and...

Marcus Humphrey

Aug 22 2005 // McQueary Henry Bowles Troy LLP (MHBT), based in Dallas, recently named Marcus Humphrey vice president and leader of the firm’s Employee Benefits group. As vice president, Humphrey’s primary responsibilities...

Negotiating the Highs and Lows in the Oil and Gas Market

Aug 22 2005 // Everything’s negotiable. If that’s not the key operational phrase in the oil and gas sector-both in terms of oil and gas production and insuring that risk-then it comes very close. Contracts rule in the...

The Four C’s of Risk Management for the Oil and Gas Operator

Aug 22 2005 // The primary reason lawsuits occur is because the broker/ agent did not fulfill his responsibility of knowing his clients exposures and addressing them properly. In what seems a lifetime of handling risk management and...