Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
The Challenging Future Requires Your Attention
May 5 2003 // While the hard market continues to support current rate levels, there is increasing turmoil within our industry. Is there any doubt that major changes are on the horizon? After all, who can predict the timing of the hard...
Giles Looks at MGAs As He Prepares to Step Down
May 5 2003 // Outgoing AAMGA president Rob Giles sat down with Insurance Journal recently to discuss the association, managing general agents and his term as president, among other things. Giles, president of Wisconsin-based Midwest...
Zurich N.A. Announces New Download Capability
May 5 2003 // Schaumburg, Ill.-based Zurich North America’s Small Business unit has announced a new download capability that gives agents and brokers access to Zurich direct bill commission data. This service is available to...
Florida Agent Gives Up Licenses
May 2 2003 // A Palm Harbor, Fla. man has surrendered his insurance licenses after allegedly falsely obtaining and misappropriating insurance premiums from St. Petersburg Junior College for more than seven years. According to the...
Louisiana Agent Faces Fraud Charges
May 2 2003 // The Louisiana Insurance Department shut down the business of a Shreveport, La. insurance agent in the second such action by the department in as many days. According to Insurance Commissioner Robert Wooley, the agent was...
American Wholesale Insurance Group Acquires Seaboard Underwriters Inc.
May 2 2003 // American Wholesale Insurance Group (www.amwins.com) has completed the acquisition of Seaboard Underwriters, Inc., a provider of insurance solutions for the transportation industry. Seaboard operates as a managing general...
NYSID Reports Arrest of Former Insurance Broker; Kept $40,000 in Premiums
May 2 2003 // New York State Insurance Department Superintendent Gregory V. Serio and Brooklyn District Attorney Charles J. Hynes announced that a joint investigation, with the assistance of the Rackets Bureau of the Brooklyn DA’s...
Travelers Launches Policy Download Capability for Agents with Boat, Yacht Policies
May 1 2003 // Travelers Property Casualty is now offering its independent agents an Internet batch download system for boat and yacht insurance policies. With this new capability, agencies do not need to re-key policy information into...
Louisiana Agent Shut Down on Multiple Fraud Allegations
May 1 2003 // Louisiana Insurance Commissioner Robert Wooley confirmed that the business of a Gonzales, La. insurance agent was halted in the latest investigation of alleged insurance fraud across the state. Department of Insurance...
Complaints Filed Against 15 Florida Agents
May 1 2003 // The Florida Department of Financial Services filed administrative complaints this week against 15 Florida agents accusing them of selling insurance policies for unlicensed entities. The department announced it is...
Former N.C. Agent Charged with Fraud
Apr 29 2003 // N.C. Insurance Commissioner Jim Long announced that a McDowell County resident was indicted by a Mitchell County Grand Jury on allegations of defrauding hundreds of insurance policyholders. Harold T. Davis, a former...
Former Vallejo Ins. Broker’s Office Searched
Apr 29 2003 // Investigators from the California Department of Insurance Fraud and Investigations Divisions, along with the Vallejo Police Department, served a search warrant April 22, 2003 to former insurance broker Jimmie Earl...
Allstate Agents Lose Fla. Case
Apr 28 2003 // A Florida lawsuit by an association of Allstate agents alleging that company restrictions on the sale of agencies and required sales volumes for certain products violated their rights has been dismissed by a judge,...
Calif. Commissioner Increases Access to SCIF for Small Employers
Apr 22 2003 // Reaffirming his instruction that it remains California’s “insurer of last resort,” Commissioner John Garamendi directed the State Compensation Insurance Fund (State Fund) to ease access requirements for...
International Insurance Group Unveils New Products
Apr 22 2003 // International Insurance Group, Inc., an MGA specializing in the USA/Mexico crossborder market, announced several new products offered to agents and brokers online via IIG’s Web site www.mexicaninsuranceonline.com. In...
Cerritos Broker Pleads Guilty to Theft Charges
Apr 22 2003 // An insurance broker, John Sik Lee, 32, of Cerritos, pled no-contest to two felony counts and one misdemeanor count of grand theft based on evidence gathered by California Department of Insurance (CDI) investigators. The...
Digital Expands Relationships With Broker Partners
Apr 22 2003 // Digital Insurance Inc., an Atlanta-headquartered firm that partners with traditional brokers to handle the day-to-day case management of small group clients, announced an expansion of its relationship with four broker...
Premiums for Commercial P/C Moderate; Signs Market May Be Stabilizing
Apr 22 2003 // Nineteen months after the World Trade Center attacks sent the market into turmoil, premium increases for commercial property/casualty insurance are moderating, and there are signs the marketplace is beginning to stabilize,...
Calif. Commissioner Increases Access to SCIF for Small Employers
Apr 21 2003 // Reaffirming his instruction that it remains California’s “insurer of last resort,” Commissioner John Garamendi directed the State Compensation Insurance Fund (State Fund) to ease access requirements for...
Mr. and Mrs. Agent Go to Washington
Apr 21 2003 // Some might say the only way to get recognized in Washington, D.C. is to scale the White House fence. Believe me, after seeing the security there on my recent trip, no one is going to just walk up to the front door and...
