Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
‘Sham Declinations’ Leave N.Y. Excess Broker Liable for Insurer’s Losses
Sep 5 2005 // A New York excess lines insurance broker’s use of “sham declinations” to skirt the law on placing coverage with a non-admitted carrier could cost the broker a lot more than just regulatory fines, if a...
Real Estate Broker Liability Policy
Sep 5 2005 // Nuts & Bolts: St. Paul Travelers introduced a new policy for real estate agents and brokers that provides broader protection from possible claims or litigation against errors and omissions. St. Paul Travelers’...
AGENTS BACK FINANCIAL NOTIFICATION:
Sep 5 2005 // Businesses must notify New Yorkers when their financial and personal information has been compromised, under a measure that has become law in New York. The Information Security Breach and Notification Act, which takes...
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...
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...
Where to Find Inexperienced Agency Producers
Sep 5 2005 // Is it wiser to grow by hiring a veteran agent or is it better to hire someone without any insurance sales experience? Agency executives constantly debate this important issue. Big dollars are at risk. So which opinion is...
Finding Solutions to the Industry’s Compliance Requirements
Sep 5 2005 // Technology Initiatives Can Help Carriers Enhance Regulation Strategies Compliance requirements for the insurance industry have changed radically in the last three years, including the The Patriot Act and Sarbanes Oxley...
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...
After the Internet, Comes The Invasion of the Insurance Exchanges
Sep 5 2005 // Independent Agents May Soon Have a New Opportunity, Says MarketScout’s Kerr Independent insurance agents have outplayed and outscored the Web-based insurance distribution systems that tried to eliminate them and are...
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...
Insurers Address Brokerage Income Directly to Consumer
Sep 5 2005 // Some Carriers Issue Endorsements on Producer Compensation Disclosure Just last week, one of the assistant directors at our firm, Brunie Lugo, was routinely reviewing a client’s renewal quotation she had received,...
Mass. Auto Insurance Rates: How Low Will They Go for Next Year?
Sep 5 2005 // As the wheel that sets 2006 auto insurance rates in Massachusetts begins spinning, there is no doubt it will be pointing at a negative number when it comes to rest in about two months. The real mystery is just how negative...
By Andrew G. Simpson
Sep 5 2005 // A New York excess lines insurance broker’s use of “sham declinations” to skirt the law on placing coverage with a non-admitted carrier could cost the broker a lot more than just regulatory fines, if a...
Editor’s Note: Rogue Executive
Sep 5 2005 // MarketScout Chairman and CEO Richard Kerr recently “lamented” the apparent demise of the rogue underwriter. In his comments accompanying his May 2005 Market Barometer, the industry leader recalled the...
IIAT Spearheads Aid Drive for Hurricane Katrina Victims
Sep 2 2005 // The Independent Insurance Agents of Texas is spearheading a relief effort of agent donations by contributing $25,000 to assist independent agents in Louisiana, Mississippi and other states who are victims of Hurricane...
Big ‘I’ Forms Katrina Relief Fund
Sep 2 2005 // The Independent Insurance Agents & Brokers of America (IIABA) has established the Big “I” Katrina Relief Fund, in order to assist those whose lives have been tragically altered by Hurricane Katrina and its...
Pursell, New Officers of Independent Agents of Conn. Take Over
Sep 1 2005 // The new officers and executive committee members of the Independent Insurance Agents of Connecticut begin their 2005-2006 term on Sept. 1. Mary Pursell will serve as the IIAC president and is the first woman president in...
Early Registration Deadline Sept. 23: FAIA Announces Management and Automation Training Seminar Topics
Sep 1 2005 // A line-up of expert management and technology speakers have been announced by the Florida Association of Insurance Agent’s Management and Automation Training Seminar, “MATS 2005,” taking place Oct. 16 to...
InsurBanc Offering Short Term Loans To Agencies Hurt by Hurricane
Sep 1 2005 // InsurBanc, a financial services provider for independent insurance agencies, has put together a special loan program for qualifying agency principals affected by Hurricane Katrina. Realizing that independent agency owners...
HRH, Conn. AG Reach $30 Million Settlement on Brokerage Activities
Aug 31 2005 // Hilb Rogal & Hobbs Company, a large insurance and risk management intermediary based in Richmond, Va., has reached an agreement with Connecticut Attorney General Richard Blumenthal to settle charges relating to...
