Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Austin-Based Central Texas Agency Alliance Adds Two Master Territories
Feb 8 2005 // Austin, Texas-based Central Texas Agency Alliance has purchased two additional exclusive Master Agency territories from the Strategic Independent Agents Alliance of Hampton, N.H. CTAA is a division of AIC- Sun Belt Group...
PCI Commends Nev. DOI on Broker Compensation Issue
Feb 8 2005 // The Property Casualty Insurers Association of America commended the approach taken by the Nevada Division of Insurance on the disclosure of broker compensation in a temporary regulation adopted last week. “Instead of...
Connecticut AG Calls for Voters to Elect Commissioner, Brokers to Disclose Fees and Quotes
Feb 8 2005 // Connecticut Attorney General Richard Blumenthal has proposed the statewide election of the state’s insurance commissioner and mandatory rules of disclosure for insurance brokers and agents. Joined at a Capitol press...
Abram Interstate Unveils Web-based Rating Program
Feb 7 2005 // Abram Interstate Insurance Services Inc. announced the release of P.U.R. E., a new Web-based rating program for personal property. P.U.R.E. (Personal Lines Underwriting and Rating Engine) is a new Web-based Homeowners and...
Chicago Agent’s License Revoked for Bilking Premiums
Feb 7 2005 // Acting Illinois Director of Insurance Deirdre K. Manna has revoked the insurance producer license of Cynthia A. Redict-Adams of Chicago effective Dec. 21, 2004. Redict-Adams had been licensed since March 4, 1987. She was...
Mo. Agent Charged for Securities Fraud
Feb 7 2005 // Missouri Attorney General Jay Nixon has filed criminal charges alleging securities fraud against Springfield insurance agent George William “Bill” Hull. The felony complaint, filed in Greene County Associate...
Agent’ Or Broker’ Consumer Choice Dictates Disclosure
Feb 7 2005 // What Eliot Spitzer has done within the insurance industry should be entered on the positive side of the ledger. While much of the follow-up has driven up expenses and slowed down the inner workings of insurance carriers,...
Agent Enters ‘No Contest’ Plea in W. Va.
Feb 7 2005 // A former insurance agent in Charles Town, W. Va., has entered a “no contest” plea to charges involving money allegedly “withheld, misappropriated or converted to his own use” in his insurance...
Fla. Agent Fled to Ga., Apprehended
Feb 7 2005 // A Florida insurance agent who allegedly failed to place auto and general liability coverage for at least 11 trucking companies has been apprehended in Georgia. Kim Laustra, 43, who was an agent at Transportation Insurance...
Insurance Agents E&O: Are YOU Properly Covered’
Feb 7 2005 // Have you heard the story of the shoemaker’s children? Although their father was a shoemaker, they always had the most worn shoes. The reason is their father spent so much time and effort taking care of his customers;...
N.C. Price-Fixing Investigated
Feb 7 2005 // North Carolina insurance regulators, under the direction of Insurance Commissioner Jim Long are investigating as many as 10 insurance companies to determine if they conspired in a price-fixing scheme. The Insurance...
Lessons Learned from a Cherry Red Car
Feb 7 2005 // The last Oldsmobile, painted a commemorative dark cherry red, rolled off the assembly line in April 2004. During its 107-year history, the company produced more than 35 million cars and pioneered innovations like...
Leave the Fraud on ‘Law and Order’
Feb 7 2005 // Okay, I admit it: I’m a “Law and Order” junkie. The long-running television show’s reruns are in heavy rotation on the TNT network and I think I’ve seen every ripped-from-the-headlines episode...
IIAT SAYS COMPENSATION STUDY FLAWED:
Feb 7 2005 // The Independent Insurance Agents of Texas strongly denounced as inaccurate and misleading, the claims made against independent agents and brokers by the Consumer Federation of America (CFA), a Washington-based consumer...
Crossing the Border: Mexico Travel Offers Opportunities for Agents
Feb 7 2005 // Mexico is a country rich in cultural heritage and scenic landscapes. From colonial villages to majestic desert panoramas to pristine beaches, our bordering neighbor to the south offers something for everyone. Steeped in...
Crossing the Border: Mexico Travel Offers Opportunities for Agents
Feb 7 2005 // Mexico is a country rich in cultural heritage and scenic landscapes. From colonial villages to majestic desert panoramas to pristine beaches, our bordering neighbor to the south offers something for everyone. Steeped in...
Industry Responds to Relief Efforts for Southeast Asia Tsunami Victims
Feb 7 2005 // The Southeast Asia tsunami disaster has affected the lives and hearts of people throughout the world. What can only be described as one the worst natural disasters in history has led to an estimated death toll of 226,000,...
A Brief History of Contingent Commission Agreements
Feb 7 2005 // Contingent commissions first appeared in the 1960s when claims were rising much faster than the rate of inflation and insurance companies cut agent commissions on premiums. To make up for this loss of revenue, carriers...
Calif. Appeals Court Dismisses Claims of Former State Farm Agents
Feb 7 2005 // A California appellate court in San Francisco dismissed the claims of two former State Farm insurance agents in a lawsuit filed against the giant insurer over wrongful termination. The court also ordered a new trial in the...
Agent’ Or Broker’ Consumer Choice Dictates Disclosure
Feb 7 2005 // What Eliot Spitzer has done within the insurance industry should be entered on the positive side of the ledger. While much of the follow-up has driven up expenses and slowed down the inner workings of insurance carriers,...
