Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
IIANC Names Morehead City Branch of Burns & Wilcox Broker of the Year
Jul 8 2004 // The Young Agents Committee of the Independent Insurance Agents of North Carolina (IIANC) has named the Morehead City office of national specialty insurance wholesaler, underwriter and managing general agent Burns &...
AIIA Young Agents Conference July 22-24
Jul 8 2004 // The Alabama Independent Insurance Agents (AIIA) Young Agents Conference is set for July 22-24 at the New Baytowne Village Resort. Participants can experience the new Village of Baytowne Wharf in the Sandestin Resort. The...
Sacramento Mortgage Broker Arrested in Alleged Auto Insurance Scam
Jul 7 2004 // Jesse L. Jackson, 34, of Sacramento, was arrested at his residence June 28 and booked into the county jail on two felony counts of insurance fraud and one count of attempted grand theft. His arrest is the result of an...
Pinnacle Joins Combined Agents of America
Jul 7 2004 // Combined Agents of America LLC, based in Austin, Texas, announced that Pinnacle Insurance Group Inc., Waco, is its newest member and the first member agency from the Waco area. Pinnacle Insurance Group was founded in...
N.J. Agent Says He Stole More than $429,000
Jul 7 2004 // New Jersey Attorney General Peter Harvey announced that a Camden County insurance agent has pleaded guilty to stealing more than $429,000 as part of a complex insurance fraud and investment scheme in which he convinced...
Fla. CFO Commends Governor, Lawmakers for Ending Abusive Practices in Annuities Sales
Jul 6 2004 // Florida’s Chief Financial Officer Tom Gallagher has applauded Governor Bush and state lawmakers for enacting legislation which puts an end to abusive sales practices used by unscrupulous insurance agents selling...
Cooper Gay Opens San Francisco Office
Jul 6 2004 // London-based Cooper Gay Group, an independent insurance and reinsurance broker, has opened a San Francisco office to complement their existing wholesale insurance network in North America. The new San Francisco office at...
The Sales Meeting
Jul 5 2004 // The practice of “sales management” is embraced by some and ignored by others. It is considered a powerful tool for some agencies, yet others see it as a total waste of time. The bulk in the middle will exercise...
Another Soft Market Creates a Hard Reality
Jul 5 2004 // Like a commercial airline scrambling to squeeze out a profit in the face of increased competition and skyrocketing fuel prices, many insurance agents find themselves caught in the downward spiral of another soft market...
The New Insurers: This Time, They’ll Do It The Right Way
Jul 5 2004 // ‘Clean Slate’ U.S. P/C Insurers Learn from Sins of Their Predecessors In the summer of 2001, the hard cycle had already arrived for the U.S. property/casualty marketplace. Prices were trending up as experts...
Newest E&S Broker Keating at Home in New England
Jul 5 2004 // I always wanted to return here,” Jim Keating says. “Here” is the Northeast, more specifically Atlantic Avenue in Boston, overlooking Boston harbor, where Keating has set up shop as The Keating Group to...
Brokers Urged to Avoid Surprises in Lawyers’ E&O at PLUS Symposium
Jul 5 2004 // The news that the market for lawyers’ liability coverage is softening may not be surprising but the questions that today’s insurance underwriters ask about law firm accounts might be, attendees at a recent...
Principals Should Focus on Creating Agency Value, Not Day-to-Day Issues
Jul 5 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...
Brokers Urged to Avoid Surprises in Lawyers E&O
Jul 5 2004 // The news that the market for lawyers’ liability coverage is softening may not be surprising but the questions that today’s insurance underwriters ask about law firm accounts might be, attendees at a recent...
Former N.C. Agent Under Investigation for Embezzlement
Jul 5 2004 // North Carolina Insurance Commissioner Jim Long announced Gevedon Insurance Agency, of Columbus, is currently under criminal investigation for numerous charges of alleged embezzlement. Polk County Sheriff’s Department...
Internet Offers Major Training Inroads
Jul 5 2004 // It’s often said that “learning is not a spectator sport.” For the insurance profession, this concept is right on target. The days of classroom-style training seminars, many of which may border on being...
Agents: Insurance Company Markets Aren’t Always Going to Come to You!
Jul 5 2004 // One of the most important things agents can do for themselves and their agency is to maintain positive, healthy working relationships with the carriers they place business with. Unfortunately, despite their best...
The Trust Factor-Building Relationships with Your Clients
Jul 5 2004 // Baffled by the product, overwhelmed by policy verbiage and totally put off by the adversarial nature of the whole business, consumers nationwide express having serious trust issues with the insurance industry. In...
Cost of Insuring Workers in Iraq Jumps as Dangers Multiply
Jul 5 2004 // When Vulcan AMPS LLC dispatched a team of workers to Iraq last fall, managers knew it would be risky. What they didn’t count on was just how much more expensive it would become to insure employees and the company...
BROKER SEGAL CONVICTED:
Jul 5 2004 // A federal jury has convicted a politically connected insurance tycoon of embezzling more than $20 million from his own insurance brokerage firm. Michael Segal was found guilty on all charges: mail fraud, wire fraud, making...
