Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
American Driving Records Delivers Instant Motor Vehicle Records Through Ivans Transformation Station
Oct 29 2004 // First Advantage Corp., a risk mitigation and business solutions provider, and IVANS Inc., have entered into an agreement to deliver motor vehicle records through IVANS insurance agent interface platform, Transformation...
Calif. AG Launches Probe Into Ins. Cos., Broker Practices
Oct 29 2004 // Attorney General Bill Lockyer announced he has launched a formal investigation into possible antitrust violations and fraud by insurance companies and brokers, and said the probe’s initial focus will be on...
London’s Muted Reaction to Spitzer Investigations
Oct 28 2004 // The London market in general and Lloyd’s in particular has not been overly verbose in commenting on New York State Attorney General Eliot Spitzer’s ongoing investigation of the insurance industry. Apart from a...
Former Insurance Broker Convicted of Grand Theft
Oct 28 2004 // Alexander Silva, of Sylmar, Calif. and formerly a licensed insurance broker, pled guilty Oct. 22, 2004, to one count of grand theft. Silva was sentenced to 30 days in Los Angeles county jail, five years probation, and...
Ariz. Insurance Director Reviews Alleged Broker and Insurer Bid-Rigging Practices
Oct 28 2004 // The Director of the Arizona Department of Insurance, Christina Urias, is joining insurance regulators in other states to review allegations of bid-rigging and price-fixing between insurance brokers and insurance companies....
Greenberg Out, Cherkasky In, at Marsh; Broker Vows to Unveil ‘Significant Reforms’ Today
Oct 26 2004 // Jeff Greenberg The Marsh & McLennan board of directors announced it has accepted the resignation of chairman and chief executive officer Jeffrey W. Greenberg. Stepping in to immediately replace Greenberg is Michael G....
Arthur J. Gallagher & Co. Acquires N.Y.’s Yanoff
Oct 26 2004 // Arthur J. Gallagher & Co. (NYSE:AJG) announced the acquisition of I. Arthur Yanoff & Co., Ltd., headquartered in Valley Stream, New York. Terms of the transaction were not disclosed. Incorporated in 1966, I....
IIABA Honors Two CAA members for Best Practices
Oct 26 2004 // Austin, Texas-based Combined Agents of America, LLC (CAA) announced two of its member agencies, Bigham-Kliewer-Chapman-Watts and Bosworth & Associates, have been included as part of an elite group of independent...
The Professional Liability Maelstrom
Oct 25 2004 // Service Providers at Risk As the United States, Europe, Japan and other developed countries turn from industrial-based to service-based economies, more and more people are engaged in providing services, and the more they...
Agents Watching Spitzer Broker Fraud Charges Closely
Oct 25 2004 // Some worry the probe could move beyond public brokers and large commercial risks. New York Attorney General Eliot Spitzer’s filing on Oct. 14 of charges against giant insurance broker Marsh for alleged commercial...
MASS. AGENTS IN COMMISSION FIGHT:
Oct 25 2004 // The Mass. Attorney General has recommended that agents’ auto insurance commissions be frozen at $114 per vehicle until further proof of agencies’ actual expenses is made available. The AG is pressing for...
State, Federal Regs Concern Outgoing Big ‘I’ President
Oct 25 2004 // During my term we have made numerous advances, I couldn’t have done any of them without the help of the Executive Committee and dedicated committee members,” said Louise “BeBe” Canter, president of...
A Class Act: Understanding the Texas Workers’ Comp Classification System
Oct 25 2004 // Workers’ compensation is a very complicated insurance. I know. I’ve worked for Texas Mutual Insurance Company’s premium audit department for 10 years. Prior to that, I was the director of the...
30th Annual NAPSLO Conference
Oct 25 2004 // Advisors Tackle Acquisitions, Consolidations at Surplus Lines Meeting Agency consolidations, consolidator’s objectives and a broad range of other trends and developments were highlighted by Steven S. Wevodau and...
Big ‘I’ Weighs Minority Producer Database
Oct 25 2004 // The Independent Insurance Agents and Brokers of America (IIABA) is considering a proposal to compile a nationwide database of minority-owned agencies for carriers looking to expand their presence in urban markets to...
N.Y. Attorney General Spitzer Sues Marsh Over Contingent Commissions
Oct 25 2004 // New York Attorney General Eliot Spitzer on Oct. 14 sued Marsh & McLennan Companies, the nation’s biggest insurance brokerage firm, alleging that it steered clients to insurers with whom it had lucrative...
KITZMILLER RESIGNS FROM AMERICAN AGENTS ALLIANCE:
Oct 25 2004 // At a meeting of the American Agents Alliance Board of Governors held Oct. 7, it was announced that Alliance Executive Director Lorelle Kitzmiller would be leaving the association, effective immediately. Kitzmiller is the...
PIA WESTERN ALLIANCE FORMS:
Oct 25 2004 // A new alliance covering nine Western states announced its formation. The PIA Western Alliance creates the nation’s broadest alignment of state and regional affiliates of the National Association of Professional...
Small Businesses Struggle to Stay Afloat in Hawaii’s Tumultuous Workers’ Comp Market
Oct 25 2004 // The issues surrounding Hawaii’s workers’ compensation system have been a topic of debate for agents, brokers, politicians and small businesses over the past several months as reform attempts to fix the troubled...
Canter Predicts State, Federal Regulation to Detrimentally Affect Industry
Oct 25 2004 // More than 120 firms participated in the Big “I” Exhibit “During my term we have made numerous advances and I couldn’t have done any of them without the help of the Executive Committee and dedicated...
