Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
FORMER LA. AGENT ARRESTED
Sep 8 2003 // The Louisiana Department of Insurance said a former Hammond insurance agent was arrested and issued a Cease and Desist Order for allegedly misappropriating insurance funds. DOI Fraud Unit investigators served Lee Ponder...
How Do You Spell Relief’ Surplus Lines
Sep 8 2003 // Premium growth continues unabated for surplus line carriers, the insurance industry’s relief pitchers. They find themselves the beneficiaries of a standard marketplace still skittish about placing risks in lines...
Changes in the Works for the FAIR Plan
Sep 8 2003 // Administrators of the Texas FAIR (Fair Access to Insurance Requirements) Plan, the state’s residual market for homeowners insurance, recently made changes to the Plan’s Producer Requirements and Perfor-mance...
AMS to Provide Employee Benefits Automation
Sep 5 2003 // AMS Services Inc. is introducing two new products, AMS Benefits Workflow and AMS Benefits Administration, both of which are the primary offerings of a new AMS business unit called AMS Benefits. The creation of these new...
R&SA Confirms 1st Half Profit Increase, Rights Issue; Sells Some U.S. Renewal Rights to Travelers
Sep 4 2003 // The U.K.’s Royal & Sun Alliance confirmed a 14.25 percent increase in net group profits for the first half of 2003 – £351 million ($556 million), compared to £301 million ($477 million) in 1st half 2002....
Cocke New IIABA CFO
Sep 3 2003 // Steve Cocke is the new chief financial officer (CFO) and treasurer at the Independent Insurance Agents & Brokers of America (IIABA). Cocke comes to IIABA from AOL, where he worked since 1997 and most recently served...
American Wholesale Forms Chicago Operation
Sep 3 2003 // American Wholesale Insurance Group (www.amwins.com), based in Charlotte, N.C., announced the formation of a new wholesale brokerage operation in Chicago, Ill., to be led by Don Alberico. “Expanding our capabilities...
AMS Adds State Auto to List of TransactNOW Clients
Sep 3 2003 // AMS Services, Inc. announced that State Auto Insurance Companies, which services 26 states, has joined TransactNOW(TM), becoming the 17th carrier to participate. Introduced this past March at the AMS National Users’...
NYSID Activates On-line Licensee Termination System
Sep 2 2003 // New York’s Superintendent of Insurance, Gregory V. Serio, announced that the state now permits on-line terminations of licensees, allowing for “real-time” terminations of agents. The Department had...
Palmer & Cay Forms Reinsurance Operations
Aug 29 2003 // Palmer & Cay, Inc., a privately-held insurance brokerage and benefits consulting firm based in Savannah, Ga., announced its entry into the reinsurance market with the formation of two new entities, Palmer & Cay...
CAA Members to Lead Local Big “I” Groups
Aug 28 2003 // Combined Agents of America LLC (CAA) announced that three of its members were elected to serve as presidents of the Austin, Houston and Permian Basin chapters of the Independent Insurance Agents of Texas for the 2003-2004...
Allianz Poland Increases Sales by 53 Percent
Aug 27 2003 // Germany’s Allianz announced that its Polish subsidiary “is continuing to increase its sales, growing faster than the market.” First half-financial results show an overall 53 percent increase with both...
Oracle Insurance Brokers Joins DQG Advisory Council
Aug 27 2003 // Oracle Insurance Brokers, a leading insurance brokerage firm and financial planning consultancy, located in the United Arab Emirates, announced their participation as a founding member on the Dubai Quality Group’s...
Venture Programs Kicks Off Re-Branding Campaign with Newly Designed Web Site
Aug 27 2003 // Pennsylvania-based Venture Programs, Inc., which designs and deploys specialty industry-focused insurance programs, has launched a redesigned version of its Web site as part of a new corporate identity and branding...
Okla. Agent’s License Suspended Over Marketing Plan
Aug 26 2003 // Oklahoma Insurance Commissioner Carroll Fisher suspended the license of a Tulsa insurance agent accused of misleading new homeowners into purchasing coverage they are not required to carry. Gary Kroll’s license was...
PIANJ President’s Open Letter on Passage of Agent Ownership Act
Aug 26 2003 // The following is an open letter from John D’Agostino, President of the Professional Insurance Agents of New Jersey, concerning the state’s enactment of legislation to protect the ownership rights of insurance...
Former Louisiana Agent Arrested
Aug 25 2003 // The Louisiana Department of Insurance announced that a former Hammond insurance agent was arrested and issued a Cease and Desist Order for allegedly misappropriating insurance funds. DOI Fraud Unit investigators served Lee...
Florida Agent May Have License Pulled
Aug 25 2003 // The Florida Department of Financial Services filed an administrative complaint against a Florida agent and is seeking to have his license revoked for allegedly selling bogus insurance policies to at least six businesses in...
Former Calif. Broker Arrested on 10 Counts
Aug 20 2003 // A former insurance broker has been arrested on nine felony counts of grand theft and one felony count of forgery totaling $73,990, according to California Department of Insurance (CDI) investigators. Ronald Nhi Bang, 34,...
IIABA Cheers FCC Stay of Onerous Fax Provision
Aug 20 2003 // The Independent Insurance Agents & Brokers of America (IIABA) is calling this week’s Federal Communications Commission (FCC) decision to delay implementation of a contentious provision of its “Do Not...
