Latest Agencies Headlines

All the headlines from our Agencies Topic Page, ordered by recency.

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,...

FLORIDA AGENTS TAKING CONFERENCE REGISTRATIONS:

Dec 6 2004 // The “Power of One” will be the topic of the June 23 to 25 Florida Association of Insurance Agents (FAIA) 101st Anniversary Convention and Education Symposium in Orlando at the Gaylord Palms Resort and...

Fla. Subpoenas Marsh & McLennan; Reviewing State Agencies’ Contracts

Dec 6 2004 // In an effort to obtain a better look at insurance contracts with state agencies and any impact on public dollars, Tom Gallagher, Florida Chief Financial Officer, has subpoenaed Marsh & McLennan to obtain documents...

FOCUS ON THE FUTURE: Come 2014, Industry Should Look Very Familiar

Dec 6 2004 // Ten years from now, some of the players within the property casualty insurance industry will have changed but the industry itself will not look dramatically different from what it is today: Smaller companies and...

CIAB Endorses NAIC Proposed Disclosure Regulation

Dec 3 2004 // The Council of Insurance Agents & Brokers (CIAB) announced its endorsement of the National Association of Insurance Commissioners’ (NAIC) proposed regulation calling for the full disclosure and transparency of...

IIAT Reports Homeowners Rates Down in Texas, Coverage Improved

Dec 3 2004 // Homeowners who buy insurance from independent insurance agents in Texas should be seeing lower premiums and better coverages, according to the Independent Insurance Agents of Texas. The claim is based on results of a...

AAMGA Offers Feedback on Proposed Broker Disclosure Amendment to Producer Licensing Model Act

Dec 3 2004 // The National Association of Insurance Commissioners (NAIC) recently issued a draft Proposed Broker Discloser Amendment to the Producer Licensing Model Act, and requested industry and public comment before commencing...

Gallagher Acquires Australian Broker FPE

Dec 3 2004 // Arthur J. Gallagher & Co. announced the acquisition of FPE Insurance Brokers Pty Ltd. of Sydney, Australia. The terms of the transaction were not disclosed. “First organized in 1993, FPE Insurance Brokers Pty...

Maine, N.H., Vt. Rules May Spur Attorney Competition

Dec 3 2004 // For Conn. Agents, Concern Over Privacy in Disclosure The ongoing investigation of brokerage commissions and alleged bid-rigging that started in New York is being felt everywhere, nowhere more so than neighboring...

For Conn. Agents, Concern Over Privacy in Disclosure

Dec 3 2004 // The ongoing investigation of brokerage commissions and alleged bid-rigging that started in New York is being felt everywhere, nowhere more so than neighboring Connecticut. Despite an agenda that ranged from identity theft...

N.Y. Insurance Panel Cancels Brokerage Hearing

Dec 3 2004 // A New York Assembly Committee hearing into insurance brokerage practices scheduled for Monday, Dec. 6 has been postponed. The office of the Assembly Insurance Committee said no new date has been announced. Assemblyman...

N.Y. Insurers Caution Lawmakers Over Reaction to Broker Probes As Albany Prepares for Assembly Hearing

Dec 2 2004 // The New York Insurance Association (NYIA) cautioned state lawmakers in Albany against “a knee-jerk public policy reaction” to allegations of improper business practices by brokers, agents and insurers that...

AIG’s Greenberg Predicts ‘Leaner, More Responsive’ Insurance Brokers in Wake of Investigations

Dec 2 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...

Allstate, Encompass Partner for Agents

Dec 2 2004 // To better serve independent insurance agencies, The Allstate Corp. is integrating its three independent agency brands under its Encompass independent agency organization, forming one combined sales organization dedicated...

Texas Wasatch Seeks to Expand its Agency Force

Dec 2 2004 // Colleyville, Texas-based Texas Wasatch Insurance recently announced it is in the final stages of completing a recruitment program to double its Texas agent workforce. Mark E. Jones, Texas Wasatch Group CEO, explained,...

NAMIC Raises Concerns Over Proposed NAIC Broker Activities Questionnaire

Dec 2 2004 // The National Association of Mutual Insurance Companies (NAMIC) voiced its concerns about an NAIC-developed template suggested to states to query their domestic carriers about possible relationships with large brokerage...