Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
JLT Warns Brokers and Underwriters to Invest in Client Industry Expertise and Technical Resources
May 23 2005 // Mike Hammond, the CEO of Jardine Lloyd Thompson Risk Solutions Ltd., told delegates at a conference in Lugano, Switzerland, that the “insurance industry must invest in the necessary technical skills if it is to...
Calif. Broker Arrested on Seven Counts of Grand Theft
May 23 2005 // Insurance broker Robert Stephen Rice was arrested on seven felony counts of grand theft at his home in Thousand Oaks, California, by the CDI Fraud Division. The arrest is the result of an investigation by CDI. The Van Nuys...
Tsunami Warning: Spitzer is Coming
May 23 2005 // This is not a tsunami “watch.” This is a tsunami warning. The waves have already swept over the closest beaches, so we know they are coming. It’s too soon for casualty reports, but some mighty big places...
ACT! Now to Improve Sales – Contact Management for the Modern Agent
May 23 2005 // During the summer of 2004, ISU Curry Insurance, a commercial insurance brokerage, was looking for a way to keep track of its 6,000 contacts. The answer came with the introduction to an Act! consultant who unleashed the...
Calif.’s AB 975 Hearing Postponed Indefinitely
May 23 2005 // AB 975, legislation that would clarify the definition of broker in the California Insurance Code, was not heard in the Assembly Insurance Committee May 4, according to the American Agents Alliance. The hearing on AB 975...
N.C. Agents Halt Fraud Ring
May 23 2005 // Six Chatham and Randolph County, N.C., residents suspected of masterminding an extensive auto insurance fraud ring, which staged an estimated 480 auto crashes and defrauded more than $2 million have been arrested as the...
Old Rhode Island’s New Pawtucket: Big Plans to Stay Small
May 23 2005 // Investors Plan Small, Focused Writer of Homes, Including on Coasts, in Mass., R.I., N.Y. The investors in line to revitalize the 157-year old Pawtucket Mutual Insurance and its subsidiary Narragansett Bay Insurance...
New Age Brokerage Makes Apartment Program Available in 10 Eastern States
May 23 2005 // New Age Brokerage LLC, a Morristown, N.J.-based provider of insurance programs for habitational real estate risks, announced the availability of a comprehensive apartment building insurance product, now available to...
Is it Time to Sell the Agency? Three Factors to Help You Decide ….
May 23 2005 // Many owners have at one time or another thought about selling their insurance agency or brokerage. Many were tempted but never quite took the plunge. Those who didn’t sell most likely were making too much money at...
SENATOR URGES RESTRAINT ON BROKER SCANDAL:
May 23 2005 // New York State Senate Insurance Committee Chairman James Seward (R-Milford) told the Professional Insurance Wholesalers Association Inc. that New York policymakers should employ restraint as they look at “what, if...
The Nitty Gritty of Blue Collar Programs
May 23 2005 // Program Managers Working for the Working Class For some program administrators, blue is the color of money. While other insurance programs target lawyers, insurance agents and various white-collar occupations, some of the...
Amid Scrutiny, Aon Tops Earnings Estimates
May 23 2005 // CHICAGO–Aon Corp. saw its shares leap 15 percent after the world’s second-largest insurance brokerage reported quarterly profits that far exceeded Wall Street’s expectations. Shares in the company, which...
FBI Targets Insurance in Probe of Carrier, Agent and PEO Practices
May 23 2005 // The insurance industry, already under scrutiny in some segments by state and federal authorities for various compensation, reinsurance, bid-rigging and accounting practices, now faces another questioner. The Federal Bureau...
FLA. DFS LICENSES INTENDANT BROKERAGES
May 23 2005 // Bruce K. Howson, Intendant Hold-ing Corporation president and CEO, announced that the Florida Department of Financial Services has issued an operat-ing license to IHC’s reinsurance brokerage subsidiary King’s...
How a Multi-line Approach Can Strengthen Your Business
May 23 2005 // Most everything I know about growing my book of business I learned from the J. Paul Getty Museum in Los Angeles. My lessons learned do not come from the beautiful and historic works of art, rather, my lessons learned are...
Life Settlements — Understanding the Risks and the Benefits
May 23 2005 // What is a life settlement? Simply put, a life settlement is the sale of an unwanted, no longer effective life insurance policy. It may potentially be a better solution with a greater cash settlement than lapsing or...
AIIA June 16-18 Conference Highlights Young Agents Participation, Education
May 23 2005 // The Alabama Independent Insurance Agents Inc. has scheduled its June 14-16 Young Agents Conference to overlap with its June 16-18, 109th Annual Convention at the Village at Baytowne Wharf Resort in Sandestin,...
Keeping Retention Rates High in a Softening Market
May 23 2005 // The success or failure of any organization can be traced to customer retention. Agents and carriers who retain the most customers have greater long-term success and profitability than those who consistently lose...
AGENTS MAKE CASE AGAINST TAX HIKE ON INSURERS
May 23 2005 // The Michigan Association of Insurance Agents said that Gov. Jennifer Granholm’s plan to revise the state’s Single Business Tax will penalize small businesses, diminish employment opportunities and raise...
People
May 23 2005 // Atlanta-based NBIS appointed Joseph Savarese as senior vice president of underwriting. He will focus on the company’s eastern and western U.S. presence, working to establish a network of insurance agents and brokers...
