Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
CIAB Urges TRIA Extension, Passage of Regulatory ‘Roadmap’ at Testimony
Sep 24 2004 // The Council of Insurance agents & Brokers has told Congress that it “should move to extend the federal terrorism backstop beyond its Dec. 31, 2005, expiration date because the private marketplace is not prepared...
Arthur J. Gallagher Acquires Texas Brokerage
Sep 23 2004 // Arthur J. Gallagher & Co. announced it has acquired the Sheridan Insurance Group of Friendswood, Texas. Terms of the transaction were not disclosed. Founded in 1984, the Sheridan Insurance Group, doing business as...
Grand Jury Indicts 16 Including Lawyers and Agent for Alleged Lawrence, Mass. Auto Fraud
Sep 23 2004 // Sixteen people, including three lawyers and four chiropractors, have been indicted by a special grand jury in Essex County for their alleged involvement in auto insurance fraud in Lawrence. The 16 were summonsed for...
Acordia Opts for Applied’s Vision Series
Sep 23 2004 // Chicago-based Acordia Inc. became the largest insurance brokerage to date to adopt The Agency Manager Vision Series, the enterprise agency management solution from University Park, Ill.-based Applied Systems Inc. Acordia...
Progressive Introduces ‘Drive’ Brand for Independent Agents and Brokers
Sep 23 2004 // For weeks, more than 1,200 of Progressive’s largest independent agents and brokers have speculated about why the company invited them to meet in Las Vegas. Their questions were finally answered as the Progressive...
Wyrsch Sworn In as N.J. Big ‘I’ Chairman
Sep 23 2004 // The Independent Insurance Agents and Brokers of New Jersey (IIABNJ) swore in new officers for the 2004/2005 year at its 111th annual conference in Newport, Rhode Island. Dave L. Wyrsch, Sr., of The Van Dyk Group in Beach...
St. Paul Travelers Releases “Breaking the Code” on CD for Personal Lines Agencies
Sep 22 2004 // St. Paul Travelers (SPT) announced the release in book and CD form of a series of popular presentations that Lloyd “Skip” Daigle, Vice President of Agency Development at Travelers, has given to independent...
Pa. Department Adds Agent Search to Web Site
Sep 22 2004 // Pennsylvania Insurance Commissioner Diane Koken announced that the department’s web site has a new search feature for both consumers and insurance producers licensed in Pennsylvania. The new “licensed...
A Fresh Look at Rating Territories for Auto and Homeowners Insurance
Sep 20 2004 // Inaccurate Territories and Assignments Hurt Consumers, Agents and Companies Territories offer tremendous opportunities for insurance companies to better segment their book of business, but private passenger auto and...
LEE, MOON CAPTURE IIAJC TITLES:
Sep 20 2004 // After four days of intense play and weather delays at Dornick Hills Country Club in Ardmore, Okla., the 36th annual Independent Insurance Agent Junior Classic (IIAJC) concluded recently in thrilling fashion for newly...
Mass. Insurers’ Rate and Agents’ Commission Bids Add Up to 9.3%
Sep 20 2004 // A request by Massachusetts agents for a 32 percent boost in commissions brings the overall private passenger auto insurance rate hike sought by the industry for 2005 to 9.3 percent, up from the original 5.8 percent figure,...
LOANS LEAD TO AGENT’S ARREST:
Sep 20 2004 // The Louisiana State Police Fraud Unit arrested a Leesville, La., insurance agent and Department of Insurance Fraud Unit investigators issued the man a Cease and Desist Order and Summary Suspension of his license for...
Outsourcing Allows Agents and Brokers to Focus on Core Competencies
Sep 20 2004 // Increased customer satisfaction, reduced overhead. When an operational limit is hit, insurance agents and brokers often turn to outsourcers. They may need to increase their physical capacity to handle new customer...
Diversity in the Industry
Sep 20 2004 // I had an interesting conversation this past weekend with an agent I met at the American Agents Alliance conference in Indian Wells, California. The agent asked me, “Why don’t you write about Armenian...
Governor Signs Three Post-Fire Homeowners Bills
Sep 20 2004 // Governor Arnold Schwarz-enegger signed three homeowners bills into law that responded to problems arising out of last year’s Southern California wildfires. Two of the bills, AB 2199 and SB 64, were considered part of...
Hurricanes Equal Crunch Time for Reinsurers
Sep 20 2004 // High-tech charts and up-to-the-minute data meticulously track Hurricane Frances as employees run storm simulations that pop out specific damage estimates for certain zip codes. The office is not run by a federal disaster...
A Fresh Look at Rating Territories for Auto and Homeowners Insurance
Sep 20 2004 // Inaccurate Territories and Assignments Hurt Consumers, Agents and Companies Territories offer tremendous opportunities for insurance companies to better segment their book of business, but private passenger auto and...
Hurricanes Mean Crunch Time for Reinsurance Industry
Sep 20 2004 // High-tech charts and up-to-the-minute data meticulously track Hurricane Frances as employees run storm simulations that pop out specific damage estimates for certain zip codes. This office in Atlanta is not run by a...
Adding Value in the Workers’ Comp Market Through Technical Analysis
Sep 20 2004 // If insurance brokers want to add value and differentiate themselves from their competitors in this hardening workers’ compensation marketplace, they should pay attention to the intricacies of how experience...
Successful Agencies Build on Management Systems
Sep 20 2004 // Creating the right mix of hardware and software can help agencies using any management system to—as the name says—better manage their agency. Ask adults what they like most about McDonald’s fast food restaurants,...
