Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Proposed Calif. Producer Compensation Regulation Confusing, Unnecessary Says ACIC
Dec 22 2004 // The Association of California Insurance Companies (ACIC) strongly criticized a proposed California Department of Insurance regulation on insurance agent and broker practices because the measure is overly broad, poorly...
IJ Online Launches ‘How to Write’ Educational Seminars
Dec 21 2004 // Insurance Journal will introduce the first of a series of “How to Write” online video seminars beginning on Thursday, Jan. 20, 2005. The “How to Write” series offers agents and brokers dynamic,...
Willis Acquires Mexican Broker Maisterrena
Dec 21 2004 // Global insurance broker, Willis Group Holdings, announced the purchase of the business of the insurance broker Maisterrena Asesores, Agente de Seguros y De Fianzas, SA de CV. The terms of the transaction were not...
Insurance Practices Under Scrutiny in Arkansas Investigation
Dec 20 2004 // The Arkansas Insurance Department has begun an investigation into the practices of Arkansas insurance brokers and companies in light of the recent bid-rigging allegations against one of the nation’s top brokers. The...
IIAT SAYS HOMEOWNERS RATES DOWN:
Dec 20 2004 // Homeowners who buy insurance from independent insurance agents in Texas should be seeing lower premiums and better coverages, according to a survey conducted by the Independent Insurance Agents of Texas of its 1,800-member...
AIG CHIEF SEES ‘LEANER’ BROKERS:
Dec 20 2004 // The chairman and chief executive officer if AIG said he thinks the ongoing broker investigations will cost large insurance brokers some of their top people and eventually make brokers leaner and more responsive to...
New York Agents See Hard P/C Insurance Market Lingering
Dec 20 2004 // Independent agents and brokers in New York see premium rates continuing to increase and coverage choices failing to improve for most lines of property casualty insurance in the state despite industry and press reports to...
The Midwest’s Top 10 Newsmakers
Dec 20 2004 // Here Are the Heartlanders Who Made Insurance Headlines in 2004 What a long, strange trip it’s been. The year started with the two Chicago-area property/casualty insurance trade groups merging to form the Property...
CONN. AG URGES STATE CODES:
Dec 20 2004 // Connecticut Attorney General Richard Blumenthal repeated his call for state insurance regulators to establish a code of professional responsibility for agents and brokers in a letter to the National Association of...
Spitzer Investigation Dishes Out Winners, Losers in Financial Services Industry
Dec 20 2004 // The insurance industry continues to make the news even a month and a half after Attorney General Eliot Spitzer filed his lawsuit against Marsh and McLennan for bid rigging and receiving contingent commissions. Contingent...
Latin American Agents Announce Fla. Conference Plans
Dec 20 2004 // The Latin American Association of Insurance Agents (LAAIA) convention committee has announced its annual convention has been scheduled July 7 to 10 at the Westin Diplomat Resort and Spa in Hollywood, Fla. The 2005...
Louisiana: The Best Defense is a Good Offense
Dec 20 2004 // Louisiana went on the offensive in 2004 with a campaign to tell insurers and other commercial operations that the state is “open for business.” The Professional Insurance Agents of Louisiana (PIA Louisiana),...
PCI SEEKS CHANGES TO PROPOSED RULE ON PRODUCER COMPENSATION IN OREGON:
Dec 20 2004 // The Property Casualty Insurers Association of America (PCI) has voiced its general support of the Oregon Insurance Division’s effort to establish an objective way to determine when an insurance broker must make...
Looking Back on ’04: The Most Talked-About Stories in the Western Region
Dec 20 2004 // The year 2004 saw a little bit of everything across the Western Region. Workers’ comp, homeowners, med-mal, and even insurance fraud topped the list of the most talked about stories. We compiled these recaps based on...
Industry Consolidation Continues to Gain Momentum, 2005 Looks Cloudy
Dec 20 2004 // Agency consolidations are likely to achieve record results for 2004 but the outlook for 2005 remains unclear. Agency acquisitions in 2004 will more than likely outpace prior years by at least 25 percent. Insurance brokers...
Agents, Insurers Seek Targeted Compensation Disclosure Rules
Dec 20 2004 // The model compensation disclosure measure under consideration by the nation’s state regulators has been met with generally guarded support from agents, brokers and insurers. The Independent Insurance Agents &...
Delaware Regulators Asking Insurance Agents If They’re Honest
Dec 20 2004 // State regulators are asking Delaware insurance agents to fess up if they’ve been engaging in illegal conduct. In the wake of alleged industry abuses in New York, the Delaware Department of Insurance is asking more...
Aon’s Pat Ryan Backtracks on Ethics Declaration
Dec 20 2004 // Aon Corp. CEO Patrick G. Ryan’s attempt at a PR offensive hit a snag when he had to clarify comments he made in a top-of-the-fold, front-page Dec. 5 Chicago Tribune story about the No. 2 broker’s ethical...
From Maine to Virginia … What Happened in 2004
Dec 20 2004 // Leaving aside the insurance brokerage compensation investigations, the World Trade Center trial, the St. Paul-Travelers merger and the UnumProvident settlement, all of which have their roots in this region but grew to...
DELAWARE QUESTIONS AGENTS:
Dec 20 2004 // In the wake of alleged industry abuses uncovered in New York, the Delaware Department of Insurance is asking more than 4,000 insurance agents and brokers whether they have been involved in similar misconduct. The...
