Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
PCI Supports NAIC Broker Disclosure Provisions, but Recommends Changes in Written Testimony
Dec 2 2004 // The Property Casualty Insurers Association of America (PCI) supports provisions of a model regulation that require insurance brokers to disclose that they are acting as a broker and to disclose all sources of compensation...
FERMA Survey Finds Risk Managers Question Broker Compensation; More Transparency Needed
Dec 1 2004 // According to a recent e-mail survey, conducted by the Federation of European Risk Management Associations (FERMA), risk managers and their associations have long questioned how brokers are compensated. FERMA queried the...
Execs Predict Shift in Insurance Brokerage Compensation in 2005
Dec 1 2004 // A new poll has found that property casualty executives expect changes in the insurance brokerage and regulatory models to have fundamental and long-lasting effects on the industry, including downward pressure on industry...
Task Force Formed to Improve Citizens’ Services in Fla.
Dec 1 2004 // A 13-member joint task force has been created in Florida to recommend improvements in the operation of the Citizens Property Insurance Corporation which would improve customer service and returning policies to the...
NCOIL Releases Broker Disclosure Model in Effort to Address to Compensation Issues
Dec 1 2004 // In an effort to address broker compensation issues that have arisen as a result of New York Attorney General Elliot Spitzer’s and other state investigations, the National Conference of Insurance Legislators (NCOIL)...
Conn. Chief Hears No Complaints of Rigged Bids; Defends Role in Balancing Industry, Consumer Needs
Nov 30 2004 // Despite charges of bid-rigging and conflicts of interest against the insurance industry, Connecticut Insurance Commissioner Susan F. Cogswell said she has not found corruption in Connecticut. Cogswell said she isn’t...
Former Okla. Insurance Agent Gets 97 Months
Nov 30 2004 // A former Shawnee, Okla., insurance agent was sentenced recently to 97 months in federal prison, but state prosecutors say the man has agreed to a much lengthier sentence for swindling scores of investors out of more than...
Fireman’s Fund Unveils $1 Million Program to Improve Fire Safety, Prevention for the Bay Area
Nov 30 2004 // Fireman’s Fund Insurance Company (FFIC) of Novato, Calif. today announced more than $1 million in funding and donations for firefighting equipment, fire prevention tools, firefighter training and community fire...
Calafiore Elected President of Greater N.Y. Brokers
Nov 29 2004 // The Council of Insurance Brokers of Greater New York inaugurated its youngest president to date — Anthony S. Calafiore, president, Apex Brokerage Co. Inc. — at its 27th annual Dinner Dance. CIBGNY also honored Terry M....
Ark. Issues ‘Reminder’ on Producer Compensation
Nov 29 2004 // The Arkansas Insurance Department announced it has begun a general investigation of the insurance practices of Arkansas insurance brokers and insurance companies. In light of the recent “bid-rigging”...
Fla. Agent Misled Clients, Loses License
Nov 29 2004 // A Windermere, Fla. man has lost his licenses to sell insurance following an investigation by the Florida Department of Financial Services that alleged he took advantage of his clients for his own financial gain. Earlier...
American Agents Alliance Welcomes Nigohosian as New Executive Director
Nov 29 2004 // The American Agents Alliance Board of Governors announced the selection of Ken Nigohosian as the association’s new executive director. Nigohosian was chosen from among a pool of the insurance industry’s best...
Lockton Insurance Brokers Expands L.A.-Based Corporate Headquarters
Nov 26 2004 // Los Angeles-based Lockton Insurance Brokers Inc., a commercial insurance brokerage, announced that it has signed a seven-year lease for an additional 23,994 square feet of corporate headquarters space at downtown’s...
R&M Releases 2004 Guide to U.K. Distribution of Commercial General Insurance
Nov 26 2004 // Dublin’s Research and Markets has announced the addition of a guide to U.K. Commercial Insurance Distribution 2004 to their offering. “This report provides a comprehensive guide to the distribution of...
BB&T Eyeing Langan Insurance Agency, Its Fourth Kentucky Acquisition
Nov 26 2004 // The Lousville-based Langan Insurance Agency is being acquired by BB&T Insurance Services of Raleigh, N.C. Lagan has 41 employees. According to Wade Reece, BB&T president, Bill Roby Sr., Langan president and Tom...
RiskProNet Member Merges with Sutter Holding Company
Nov 24 2004 // FLF Inc. d/b/a Diversified Risk Insurance Brokers, a commercial property and casualty insurance broker based in Emeryville, Calif., announced it had signed a definitive agreement to merge with Sutter Holding Company...
ERC’s Internal Investigation Turns Up ‘Isolated’ Bid Rigging
Nov 24 2004 // A five-week internal investigation at Kansas City, Mo.-based commercial-lines carrier Employers Reinsurance Corp. has so far uncovered “isolated instances” of bids inflated at the request of Marsh Inc. brokers,...
Smith Named Beecher Carlson Managing Director
Nov 23 2004 // Beecher Carlson Holdings Inc. of Atlanta has announced the appointment of Robert “Robbie” C. Smith as a managing director. Smith will focus on acquisition opportunities and talent recuritment. Smith spent the...
PIA of Fla. Board Honors Cobb, Silverman, Fowinkle
Nov 23 2004 // Dave Cobb, Ron Silverman and Bob Fowinkle were honored by the Professional Insurance Agents of Florida (PIA) board of directors during a meeting this week in Hutchinson Island, Fla. Mark O’Connell, PIA executive vice...
Paletta Joins Heffernan Insurance Brokers as Producer
Nov 23 2004 // Heffernan Insurance Brokers announced the appointment of Marc Paletta as a producer in its Walnut Creek office. He will focus on employee benefits business development for mid-sized businesses in and around the Bay...
