Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
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...
Safeco Makes Commercial Auto Ins. Sales Faster, Easier
Jul 23 2003 // Safeco Business Insurance has expanded its online sales platform to make it faster and easier for agents to sell commercial auto insurance to small businesses. The platform, called ESP(TM), allows agents to quote, bind and...
Arch Group Notes Formation of Captive Agents Unit
Jul 23 2003 // New York-based Arch Insurance Group, a division of Arch Capital Group Ltd., announced the formation of a Captive Agents Unit, which will specialize in addressing the professional liability exposures of Company Sponsored...
O’Brien Joins IIABA as Lobbyist
Jul 22 2003 // Patrick O’Brien has joined the Capitol Hill office staff of the Independent Insurance Agents and Brokers of America (IIABA) as the new lobbyist/grassroots coordinator. O’Brien has spent the past four years...
Agent Sentenced to Four Years
Jul 21 2003 // Patrick James Murphy, 45, of Norco, Calif., pled no contest to 39 felony counts, including grand theft and elderly abuse. Murphy was sentenced to four years in state prison and ordered to pay $328,639.96 in restitution to...
Agents Who Stick to a Plan Will Be Very Successful
Jul 21 2003 // In our continuing column on employee benefits, Insurance Journal senior writer Dave Thomas recently spoke with John Nelson, vice president of California-based Warner Pacific Insurance Services. John’s responses are...
Fla. RRG Hopes to Address LTC Liability Crisis
Jul 21 2003 // With national and state efforts at altering medical liability rules once again failing to hurdle the predictable political roadblocks and the commercial insurance marketplace struggling to provide the coverages so many...
Kemper Sends Agents Scrambling to Replace Business
Jul 21 2003 // Lost amid news of the Kemper Insurance Cos.’ precipitous slide in financial health is how badly its relationships with the agents and brokers needed to market its products had deteriorated. A number of agents have...
Regional Carriers Zone In on Helping Agents
Jul 21 2003 // When it comes to buying and selling insurance, there is a common thread intertwined in all transactions—service. Whether it be the consumer purchasing auto insurance, or the agent securing the coverage on behalf of the...
