Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Big ‘I’ States Opposition to Optional Federal Charter Plan
Jun 14 2005 // The Independent Insurance Agents & Brokers of America ) does not support a proposal to establish an optional federal charter (OFC) for insurance regulation, but continues to support the proposed State Modernization...
S&P Conference: With End of Contingent Commissions, Brokers Find Ways to Plug the Hole
Jun 14 2005 // Insurance brokerage executives at Standard & Poor’s insurance conference, “Insurance 2005: Under the Microscope,” expressed confidence Tuesday that brokers would survive the sunset of the...
Unum, HRH Boston Affiliate Settle for $1.3M Over Contingent Fees
Jun 14 2005 // A major life insurance company and insurance consulting firm will pay $1.3 million to resolve allegations that the insurer brokered a lucrative deal involving hundreds of thousands of dollars in undisclosed commissions in...
Conn. AG Questions Physician Management Firm Over Medical Malpractice ‘Kickbacks’
Jun 13 2005 // An obstetrician and gynecologist management company has been subpoenaed as part of an investigation into whether it received insurance kickbacks that artificially inflated malpractice insurance rates for Connecticut...
Compensation Study Shows More Agencies Hiring Risk Managers
Jun 13 2005 // Larger insurance agencies today are more likely than not to employ a director of risk management, a claim specialist and a loss control specialist, according to Business Management Group Inc.’s 2005-2006 Non-Producer...
INB Insurance; Garland-Sturges & Quirk Merge to Form Cluster
Jun 13 2005 // Northern California insurance agencies INB Insurance Services Corporation and Garland-Sturges & Quirk Insurance Services Inc., announced they have formed a new insurance agency cluster. The cluster, to be called...
Chubb Introduces New High-Limit Surety Bond Product
Jun 10 2005 // The Chubb Group of Insurance Companies has announced the launch of a new surety bond product, SuretyPlus, that can provide up to $250 million in excess surety bond protection for projects over $500...
Ohio AG Calls Again for Authority to Review Contracts by BWC, Other Agencies Before Signing
Jun 10 2005 // Too many state agencies continue to enter into state contracts without the state attorney general’s office reviewing them beforehand, a problem that can only be corrected by changing state law, Ohio Attorney General...
Agents in N.J. Better Off Than in Other States, PIA Leader Tells Group
Jun 9 2005 // Newly elected president of the Professional Insurance Agents of New Jersey Inc., John A. Latimer, Esq., told agents they face many challenges in New Jersey in the near and distant future, but that they may be better off...
New Broker Integro Appoints Key Executives from Marsh
Jun 9 2005 // Roger Egan, chief executive officer, and Peter Garvey, president, Integro Ltd., announced five executive appointments. Most notably, industry veterans Frank Gundersen and Marc Kunney have been named to head the...
St.Paul/Travelers Signs up for Lloyd’s Kinnect Platform
Jun 8 2005 // St Paul/Travelers (SPT) has become the latest Lloyd’s market insurer to pledge its support for the Kinnect electronic platform that has been in development for the last three years. The SPT division, which operates...
Gold Seal Risk Management Launches in U.S.
Jun 8 2005 // Gold Seal Risk Management Services (www.goldsealcorp.com), formed in Australia in 1995 to provide risk management and advisory consulting services to general insurance intermediaries, has expanded its services to the...
Wharton Study Finds Agents, Brokers Play Critical Role in Buying Process
Jun 8 2005 // Profit-based contingent commissions align the interests of independent agents and brokers and the insurer so that correct pricing of policies is achieved, thereby alleviating adverse selection, reports a new study by two...
Legislative, Regulatory, Ethics Issues Highlight IIAG Conference Agenda
Jun 8 2005 // Industry leaders will discuss hot legislative, regulatory and ethics issues during the 108th Independent Insurance Agents of Georgia’s June 10 to 14 108th Annual Convention and Trade Show at the Hilton Sandestin...
FAIA ‘Roundups’ Analyze Florida Legislation, Its Impacts
Jun 8 2005 // A summary and analysis of 2005 Florida legislation and its impact on the insurance industry, including detailed analyses of SB 1912, SB 530, SB1486, HB 501, HCB 6001 and HB 19, were presented by Florida Association of...
15 Firms Charged With Directed Brokerage Violations, Fined $34 Million
Jun 8 2005 // The National Association of Securities Dealers confirmed that it has imposed fines totaling more than $34 million on 15 broker-dealers in connection with the receipt of directed brokerage in exchange for preferential...
Former Stockton, Calif. Insurance Agent Sentenced
Jun 7 2005 // Cordell Bunton, of Stockton, California has been sentenced to six months in the San Joaquin County jail after pleading guilty to 10 felony and two misdemeanor counts that included grand theft, insurance fraud, forgery, and...
Ocasek Describes Stamping Office Operations at AAMGA University
Jun 6 2005 // Illinois’ surplus line association chief offered a history and overview of the group’s activities in a presentation to the 9th annual meeting of the American Association of Managing General Agents in Orlando,...
Identity Crisis: Coping With Today’s ID Thievery
Jun 6 2005 // Insurance Coverage, Recovery Services and Preventive Measures Can Help One in 23 adults can expect to be victimized this year by identity thieves, at a cost to Americans of more than $50 billion. That’s according to...
Young Agents: Changing the Face of the Industry
Jun 6 2005 // The number of young agents that are active in their state associations is growing. Although they have learned a lot from more experienced agents and brokers, young agents are essentially unique when it comes to their...
