Latest Agencies Headlines

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...

Where to Find Inexperienced Agency Producers

Sep 5 2005 // Believe it or not, every four-year graduate doesn’t want to jump from academics into insurance sales. Usually the student has to be sold on our industry. Is it wiser to grow by hiring a veteran agent or is it better...

Small Business Units Deliver Bread n’ Butter for Peak Performing Agencies

Sep 5 2005 // In the movie “City Slickers,” Billy Crystal’s character is taught he must understand “one thing” that will make his life complete. Along the way he meets a grey-haired cowboy who appears to...

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...

2010: A

Sep 5 2005 // The Road Ahead for Surplus Lines Wholesalers The model surplus lines insurance whole of 2010 should be faster, bigger, better, leaner, able to cross state lines and come in colors other than white. Industry leaders predict...

Big ‘I’ Fields Busy Agenda at Annual Meeting in Big Apple

Sep 5 2005 // The Independent Insurance Agents and Brokers of America will convene in New York City this month for their annual national convention, Sept. 10-12. Just as agents and brokers prepare to discuss the challenges of mergers...

Finding Solutions to the Industry’s Compliance Requirements

Sep 5 2005 // Compliance requirements for the insurance industry have changed radically in the last three years, including the The Patriot Act and Sarbanes Oxley (SOX) for public companies. Now, the National Association of Insurance...

Lloyd’s of London Finds its 21st Century Form

Sep 5 2005 // Lloyd’s is 317 years old and doing just fine thank you. London’s venerable insurance market traces its roots to the establishment of Edward Lloyd’s coffeehouse in 1688. It’s an icon of both...

Strategies to Tap into Profitable, New Business Accounts

Sep 5 2005 // Developing new business is an integral part of every insurance agent’s regimen. There are endless ways to go about looking for new business, however, successful agents know how to focus their efforts to engage in the...