Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
S&P Revises Aon Outlook to Negative
Aug 14 2003 // Standard & Poor’s Ratings Services has revised its outlook on Aon Corp. to negative from stable because of concerns about the disparity in pre-tax margins between what Aon is earning on its risk and insurance...
Orange Cty Agents Plead Guilty to Theft, Conspiracy
Aug 13 2003 // Two former insurance agents have been sentenced to imprisonment and ordered to pay $322,000 in restitution after an investigation by the California Department of Insurance revealed the two had allegedly stolen insurance...
IIANC Enhances Scholarship Endowment
Aug 13 2003 // The Independent Insurance Agents of North Carolina (IIANC) announced it recently added a $10,000 contribution to its existing $50,000 endowed scholarship for business majors at the University of North Carolina at...
New Agricultural Coverage Available in Okla.
Aug 13 2003 // Oklahoma Insurance Commissioner Carroll Fisher announced the approval of emergency rules to grant special licenses to agents allowing them to sell a new form of insurance for cattle producers. The Agriculture Revenue...
Orta Joins Western Security Surplus as Broker
Aug 12 2003 // Rocio L. Orta recently joined Pasadena-based Western Security Surplus Insurance Brokers Inc. as a broker. Orta will be responsible for servicing an existing book of business, as well as developing new business with new...
Harbor Capital Appoints Assoc. Director for Ga. Office
Aug 12 2003 // Harbor Capital Advisors announced that Jesse J. Watkins has joined the firm as Associate Director in its Savannah, Ga. office. The company noted that Watkins is well know in industry circles as a result of his long tenure...
N.J. DOBI Publishes Guide to Credit Scoring for Agents
Aug 12 2003 // New Jersey’s Department of Banking and Insurance has published a useful guide to “what every insurance agent needs to know about credit-based insurance scores” on its Web site:...
PIANY to Offer CE for N.Y., N.J. Agents at Hudson Valley RAP
Aug 7 2003 // The Professional Insurance Agents of New York State Inc. will hold a course that offers continuing education credits for both New York state and New Jersey independent agents at its first Hudson Valley Regional Awareness...
Aon Revenues Up 15% Over Year Ago
Aug 7 2003 // Chicago-based brokerage Aon Corp. reported that its net income for the second quarter was $146 million or 46 cents per share compared with breakeven results in the year ago period. Six months results increased to $298...
Hub Posts Strong Q2 Growth
Aug 4 2003 // Chicago-based brokerage Hub International Ltd. reported strong growth in the second quarter and first half of 2003, leading the company to update its earnings guidance for the full year. All financials are reported in U.S....
Insure the Game You Love to Play
Aug 4 2003 // Like most other industries, clubs have been impacted a great deal by the hardening market. While recent pricing has improved slightly, clubs still face pricing, stability and consistency issues with respect to their...
Employers Mutual Operators Fined $12.5 Million by TDI
Aug 1 2003 // Texas Insurance Commissioner Jose Montemayor levied fines totaling $12.5 million against the operators and chief marketer of a fraudulent health care plan that enrolled approximately 7,200 Texas residents. The unlicensed...
Former Fla. Agent Nabbed for Alleged $180,000 Theft
Aug 1 2003 // A Florida man banned from the state’s insurance industry was charged with organized fraud and grand theft, according to investigators with Florida’s Division of Insurance Fraud. Anthony Michael Pascale, of...
Smith Joins Synaxis as COO
Jul 30 2003 // Synaxis Group, the commercial insurance arm of First Tennessee, announced that Robert C. Smith of Atlanta has joined the firm as executive vice president and chief operating officer. Prior to joining Synaxis, Smith was...
Calif. Agent Charged with Grand Theft
Jul 28 2003 // Grand theft charges were filed against a licensed agent and owner of California-based SAAB Insurance Services. Irma Hernandez, 33, of Downey, was arrested and charged with two felony counts of grand theft and booked into...
IIABA Supports Passage of Flood Reforms
Jul 25 2003 // The Independent Insurance Agents & Brokers of America (IIABA) is applauding approval of flood insurance reform legislation by a House committee that will reportedly extend the program for five years and institute...
Acordia’s American E&S Insurance Operation Acquires RMC2
Jul 24 2003 // American E&S Insurance Brokers of New York Inc. announced today the acquisition of RMC2, LLC, a national excess and surplus insurance broker with offices in the Chicago area and West Palm Beach, Fla. American E&S...
Wash. DOI Unveils New Agent/Broker E-Newsletter
Jul 24 2003 // The Washington State Office of the Insurance Commissioner recently unveiled a new quarterly Agents and Brokers E-Newsletter to replace the former paper newsletter that has been out of circulation for a while. The...
Zurich N.A. Enhances Small Biz Agents Web Site
Jul 23 2003 // Schaumburg, Ill.-based Zurich North America has announced enhancements to the automobile risk processing, risk processing tools and documents sections of its eZSB website for agents that write business for small...
Ill. Agent’s License Revoked for Alleged Financial Impropriety
Jul 23 2003 // Illinois Director of Insurance J. Anthony Clark has revoked the insurance producer license of Joseph Welps of Wilmington effective July 8, 2003. Welps had been licensed since November 14, 1996. Welps was licensed to sell...
