Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
2 Ill. Agents’ Licenses Revoked for Fraud
Feb 3 2005 // The Illinois Division of Insurance revoked the insurance producer license two agents recently for fraudulent activities. Lynette J. Perkins of LaSalle, Ill., had been licensed to sell accident and health insurance since...
Big ‘I’ Pushes Class Action Legislation
Feb 3 2005 // The Independent Insurance Agents & Brokers of America (the Big “I”) said it is pleased the House of Representatives is moving forward on legislation to reform the nation’s class-action litigation...
PCI Urges Nev. Redraft of Broker Regulation
Feb 3 2005 // The Property Casualty Insurers Association of America (PCI) is urging Nevada’s Division of Insurance to redraft a proposed regulation so that the regulation focuses on reasonable and meaningful disclosure of broker...
N.Y. Insurance Department Questioned Contingent Fees Years Before Spitzer Investigation Made Headlines
Feb 3 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...
Alliance Responds to Lawsuit Aimed at Agent/Broker Contingency Commissions
Feb 2 2005 // The American Agents Alliance, representing over 2,000 independent agents and brokers in California and Arizona, criticized attorney Norman Goldman for filing an amendment to a compliant he filed in 2003 against Aon...
Whitley Joins Lockton Insurance Brokers
Feb 1 2005 // San Francisco-based Lockton Insurance Brokers, the nation’s largest independently owned insurance broker, has named Roger Whitley, vice president, Claims manager. He will be based in Lockton’s San Jose...
Pagoumian Named President of Napco
Feb 1 2005 // Napco LLC, a New Jersey-based wholesale property and casualty broker, announced the appointment of David Pagoumian as president and chief operating officer. Pagoumian will be responsible for the operation and direction of...
Venture Programs Unveils New Wholesale Division
Feb 1 2005 // Venture Programs Inc., a provider in the design and underwriting of select industry-focused insurance packages, has launched a new wholesale division that offers mono-line workers’ compensation coverage for...
Aon Risk Services to Serve as Broker for Freedom Tower Construction in Lower Manhattan
Feb 1 2005 // Aon Risk Services Inc. has been appointed by World Trade Center Properties LLC, an affiliate of Silverstein Properties Inc., as broker for insurance coverage related to the construction of the Freedom Tower in Lower...
Crouse and Associates Chooses Custom Insurance Solutions as Management System Provider
Jan 31 2005 // Texas-based Custom Insurance Solutions (CIS) has been chosen by Crouse and Associates as their MGA / wholesale management system provider. Crouse and Associates, the largest independently owned wholesale brokerage firm in...
Strategic Independent Agents Alliance Names Ohio Master Agency
Jan 31 2005 // Hampton, N.H.-based agency cooperative Strategic Independent Agents Alliance announced that American Heritage Insurance Group LLC of Cincinnati has established the Insurance Connection LLC as an SIAA master agency. Their...
Brown & Riding Adds Hartzfeld as Associate Broker
Jan 28 2005 // Los Angeles-based Brown & Riding Insurance Services announced that Lynn Hartzfeld has joined their team as an Associate Broker at the company’s newest branch office in Woodland Hills, California. Hartzfeld comes...
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...
