Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
States Unveil Model Disclosure Act
Dec 6 2004 // An insurance broker would be required to obtain written approval from its insured before receiving any compensation from an insurer for the same transaction under a compensation disclosure act unveiled by the...
Keeping Up with Insurance Brokerage Investigations
Dec 6 2004 // Recent Key Developments in Ongoing Probes of Marsh, Other Brokers and Insurers Marsh ‘Hopeful’ of Quick Settlement Marsh & McLennan has been in constant contact and cooperation with New York Attorney Eliot...
Mass. Commissioner Facing Facts About Auto System
Dec 6 2004 // It’s time for Massachusetts to face the facts about its old ways of tightly regulating private passenger auto insurance and create a modern day system, Massachusetts Insurance Commissioner Julianne Bowler told agents...
For Mass. Independent Agents, State Attorney General Reilly is No Ally
Dec 6 2004 // Even as Massachusetts tackles the challenge of making the state’s private passenger auto system more like that in other states (see story page 18), independent insurance agents must continue to play by the...
Big “I” Panelists Concerned About Terrorism, Asbestos, Tort Reform
Dec 6 2004 // Terrorism, asbestos and tort reform will be key industry concerns according to five insurance company chief executives participating in a panel discussion during last month’s Independent Insurance Agents &...
What is Your Agency Worth’ Productivity and Revenue Determine Value
Dec 6 2004 // Over the years, I have found that many agency owners peg their agency value to traditional benchmarks and current market values. At one time, the industry benchmark for an average agency was one and a half times annual...
AGENT NOW N.J. GOVERNOR:
Dec 6 2004 // Richard J. Codey, long time Democratic legislator and local independent insurance agent in his West Orange community, has become New Jersey’s acting governor. Codey assumed the office from James McGreevey, who...
NAIC Hears Testimony on Changes to Producer Licensing Model Act; Broker Disclosure a Big Concern
Dec 6 2004 // The National Association of Insurance Commissioners’ Executive Task Force on Broker Activities heard a consensus from industry and producers that while remedies were needed, the initiatives suggested so far were...
MINN. AG OUTLINES LEGISLATION ON BROKER OPERATIONS:
Dec 6 2004 // Minnesota Attorney General Mike Hatch has proposed a series of sweeping rules regulating how brokers would operate in the Land of 10,000 Lakes. Hatch, a Democrat, has found compatriots in the Minnesota legislature to...
ILL. DOI SUBPOENAS QUOTESMITH .COM ON BROKER PRACTICES:
Dec 6 2004 // Darien, Ill.-based online direct-to-consumer life insurer Quotesmith.com Inc. announced that it has received a subpoena requesting documents and seeking information from the Illinois Division of Insurance. The company said...
Hurricane Spitzer to Take London by Storm
Dec 6 2004 // There’s still some sense of disbelief over here in London at the moment. Hurricane Spitzer seems to have struck New York full on, but the hope that it may not hurt London too much is palpable. The thinking goes that...
Progressive’s Black Box: Is Big Brother Good for the Industry?
Dec 6 2004 // Some drivers in Minnesota will soon have an added passenger in their cars: their insurance company. Progressive Insurance Company is using so-called “black box” technology to offer drivers discounts based on...
Hurricane Spitzer to Take London by Storm
Dec 6 2004 // There’s still some sense of disbelief here in London at the moment. Hurricane Spitzer seems to have struck New York full on, but the hope that it may not hurt London too much is palpable. The thinking goes that...
Friends + Cars = Specialty Market Success
Dec 6 2004 // Steve Marlin is in the driver’s seat of the collector-car market in Long Island. In 1999, the Deer Park, N.Y., agent (whose passion for cars led him to the presidency of the local Corvette collectors’ club)...
Is it Time to Sell the Agency’ Three Factors to Help You Decide ….
Dec 6 2004 // 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...
Hurricane Spitzer to Take London by Storm
Dec 6 2004 // There’s still some sense of disbelief here in London at the moment. Hurricane Spitzer seems to have struck New York full on, but the hope that it may not hurt London too much is palpable. The thinking goes that...
Keeping Up with Insurance Brokerage Investigations
Dec 6 2004 // Recent Key Developments in Ongoing Probes of Marsh, Other Brokers and Insurers Marsh ‘Hopeful’ of Quick Settlement: Marsh & McLennan (MMC) has been in constant contact and cooperation with New York...
Pickens: Despite Media Images Good Things Are Happening in Iraq
Dec 6 2004 // In late October 2004, Insurance Journal had the opportunity to speak with Arkansas Insurance Commissioner and former president of the National Association of Insurance Commissioners Mike Pickens about the time he spent in...
Turning 35: The National Alliance Looks Back … and Into the Future
Dec 6 2004 // Insurance education society has served more than 130,000 participants. 1969. It was the dawning of the age of Aquarius, it was one giant leap for mankind, it was the Summer of Love, it was Inna-Gadda-Da-Vida, baby. And, it...
Friends + Cars = Specialty Market Success
Dec 6 2004 // Steve Marlin is in the driver’s seat of the collector-car market in Long Island. In 1999, the Deer Park, N.Y., agent, whose passion for cars led him to the presidency of the local Corvette collectors’ club,...
