Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
The Hartford Sees 37% Gain in Q4 Net Income to $620M
Jan 28 2005 // The Hartford Financial Services Group Inc. reported a 37-percent increase in fourth quarter 2004 net income to $620 million, or $2.08 per diluted share, hitting an all-time quarterly record. Net income in the current...
NAIC Launches Online Insurance Fraud Reporting
Jan 28 2005 // The National Association of Insurance Commissioners (NAIC) is now featuring an online insurance fraud reporting system on the association’s Web site, http://www.naic.org/. The online fraud reporting system –...
IIAT Denounces Consumer Compensation Study
Jan 28 2005 // The Independent Insurance Agents of Texas (IIAT) strongly denounced as inaccurate and misleading, the claims made against independent agents and brokers by the Consumer Federation of America (CFA), a Washington-based...
Big ‘I’ Denounces Consumer Group Commission Study
Jan 27 2005 // The Independent Insurance Agents & Brokers of America (the Big I) has strongly denounced the claims made against independent agents and brokers by the Consumer Federation of America as...
Insurers Blast Consumer Report On Contingent Fees
Jan 27 2005 // The American Insurance Association and the Property Casualty Insurers Association of America have joined independent agents in criticizing a report on the use of contingent commissions in personal lines insurance by the...
Consumer Group Hits Payment of Contingent Commissions in Personal Insurance as Harmful to Buyers
Jan 27 2005 // A new report by a national consumer organization claims that contingent fee arrangements “similar” to those being investigated by New York Attorney General Eliot Spitzer in commercial insurance brokerage are...
Willis Group Adds Bay Area Benefits Broker
Jan 26 2005 // Willis Group Holdings Ltd. has signed a definitive agreement to acquire PRIMARY Worldwide Corporation, an insurance broker based in Los Gatos, California. With annual revenues of approximately $4 million, PRIMARY provides...
CDI Fines Agents over Workers’ Comp Policies
Jan 25 2005 // California Insurance Commissioner John Garamendi has imposed discipline upon two agents and the companies they work for over their marketing of an illegal tribal-based insurance product. The actions taken by the...
Impact on Other Agents of Conn. Verdict Against Nationwide Doubted
Jan 24 2005 // A recent $2.3 million jury verdict for wrongful termination in favor of a former Nationwide Insurance contract agent from Connecticut is unlikely to have any effect on independent agents or their companies, according to...
Impact on Other Agents of Conn. Verdict Against Nationwide Doubted
Jan 24 2005 // A recent $2.3 million jury verdict for wrongful termination in favor of a former Nationwide Insurance contract agent from Connecticut is unlikely to have any effect on independent agents or their companies, according to...
Is it Time to Sell the Agency’ Three Factors to Help You Decide …
Jan 24 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...
Chicago Agent’s License Revoked
Jan 24 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...
Insurance Journal to Publish Top E&S Broker List
Jan 24 2005 // Insurance Journal magazine will publish its inaugural Top Excess & Surplus Lines Broker list on Feb. 21, 2005, in all five of its regional editions. Managing general agencies, wholesalers and managing general...
Bid-rigging Investigations Continue in North Carolina
Jan 24 2005 // Investigators have been assigned by Commissioner Jim Long of the North Carolina Department of Insurance Commissioner to take a closer look at possible bid-rigging by insurance companies and brokers. Last October the...
Heath Turns the Corner as Colemont Insurance Brokers
Jan 24 2005 // At the corner of Cole and Monticello Avenues near the Highland Park area of Dallas, an excess and surplus insurance brokerage was born—twice, it could be argued. The company that became Heath Insurance Brokers, one of...
Broker Survey Shows 4Q Premiums Drop
Jan 24 2005 // More than 80 percent of small and large commercial property/casualty accounts and 90 percent of medium accounts found their insurance premiums either stable or down by as much as 20 percent during the fourth quarter of...
Back to the Basics
Jan 24 2005 // E&S Industry Returns to Familiar Ground Neither wind, nor rain nor the dark cloud of standard carriers returning to the marketplace will keep excess and surplus insurance writers from maintaining profitability. From...
Court Knocks Out Mass. Limits on Banks’ Sales of Insurance
Jan 24 2005 // Banks should have an easier time selling insurance in Massachusetts thanks to a recent federal court ruling granting supremacy to federal rules over more restrictive state laws governing banks’ sales of insurance...
N.Y. Weighed Contingent Fee Issue Years Before Spitzer Investigation
Jan 24 2005 // While it did not begin boiling over until last October when charges were brought against Marsh, the controversy over brokerage contingent fees has actually been simmering for more than a half dozen years in New York...
N.Y. Superintendent: A Handshake and Heads-Up
Jan 24 2005 // The Independent Insurance Agents & Brokers of New York looks forward to working with New York’s next Superintendent of Insurance and is hopeful the major strides begun by his predecessor will continue to benefit...
