Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Lost at Sea: Hardening Marine Market Challenges Agents and Brokers
Mar 10 2003 // Marine insurance is, as Insurance Journal put it last year, “a unique animal.” The belly of the beast consists of cargo and yacht coverage, which account for 50 percent of U.S. written premium. But another...
EPLI-Higher Prices, More Claims, Tighter Underwriting
Mar 10 2003 // It is often said that every situation has a light at the end of the tunnel, but the employment practices liability scene may have to squint just a little harder to see those rays of hope while higher prices, more courtroom...
The Call of the Conference
Mar 10 2003 // Even with the dominance of the Internet, and the trend toward doing almost everything online from a remote location, something phenomenal is happening. Insurance agents are flocking to users conferences in droves—setting...
Mo. Young Agent Awarded IIABA Scholarship
Mar 7 2003 // Kevin B. Hutchinson, CIC, CRM , a producer with C. J. Thomas Company in St. Louis, is the inaugural recipient of the Maurice Herndon scholarship established by the Independent Insurance Agents & Brokers of America...
St. Paul Expands Into Small Business Insurance
Mar 7 2003 // The St. Paul Cos. has unveiled a new platform aimed at growing the company’s business with small commercial enterprises. Features of the new approach include a state-of-the-art underwriting technology, enhanced...
Hartford Agents Have Access to Online Global Business Data Resource
Mar 6 2003 // Agents seeking to help their business customers succeed in the global marketplace now can access a wide range of relevant tools and information right from their computer. Through its sponsorship of the International Trade...
Sen. John Breaux to Address IIABA National Leg. Conference
Mar 5 2003 // Sen. John Breaux (D-La.) will be among the prominent speakers addressing more than 800 independent agents and brokers during the 27th Annual National Legislative Conference of the Independent Insurance Agents &...
Ratings Agencies All Cut Kemper
Mar 5 2003 // On news of Kemper Insurance Cos. $312 million net loss in 2002, Fitch, Standard & Poor’s and Moody’s all lowered the company’s ratings. Kemper announced it has sold its middle-market lines of...
Ill. Agent’s License Revoked
Mar 4 2003 // The insurance producer license of David C. Bova of Bloomington, Ill., has been revoked by the state’s Department of Insurance. Bova, licensed since Nov. 12, 1997, to sell life, accident and health, and fire and...
Hub International Expands N.Y. Brokerage
Mar 4 2003 // Hub International Limited announced that Kaye Insurance Associates, Inc. (KIA), the major retail brokerage unit of the company’s New York hub, Kaye Group Inc. (KGI), purchased the assets of Waldron Mahoney Inc....
Calif. Commissioner Orders SCIF to Reduce Broker Commissions
Mar 4 2003 // Calif. Insurance Commissioner John Garamendi held a press conference March 3 addressing the workers’ compensation crisis in California. Specifically, Garamendi proposed a seven point plan to return State Compensation...
Marsh Granted Brokerage License in India
Mar 3 2003 // Marsh Inc. has received an insurance brokerage license from the Insurance Regulatory Development Authority of India (IRDA). Marsh said it is among the first foreign insurance brokers to receive a license to transact...
Calif. Commissioner Orders SCIF to Reduce Broker Commissions
Mar 3 2003 // Calif. Insurance Commissioner John Garamendi held a press conference March 3 addressing the workers’ compensation crisis in California. Specifically, Garamendi proposed a seven point plan to return State Compensation...
Zurich N.A. Small Biz Launches Direct Bill Web Site
Mar 1 2003 // Zurich North America Small Business today announced a new Direct Bill website on zurichna.com. The new site gives agents and brokers direct online access to their customers’ billing information, including the status,...
Hilb, Rogal and Hamilton Acquires Boston Broker Sheppard Riley Coughlin
Feb 27 2003 // Boston’s Sheppard Riley Coughlin (SRC), one of the Northeast’s leading insurance brokerage firms, announced that it has been acquired by Hilb, Rogal and Hamilton Company (HRH), the world’s tenth largest...
Diane Eger to Receive PIACT’s Agent of the Year Award
Feb 27 2003 // The Professional Insurance Agents of Connecticut announced that Diane L. Eger, VP of Orange Insurance Center in Orange, will receive the organization’s ” Professional Agent of the Year award” at this...
Asbestos Bill is Common Sense, Says IIABA
Feb 25 2003 // A bill introduced by Sen. Don Nickles (R-Okla.) is a common-sense solution to the asbestos litigation crisis, says the Independent Insurance Agents & Brokers of America (IIABA). IIABA, which represents 300,000 agents...
Encompass Pilots Commission Download System
Feb 25 2003 // Chicago-based Encompass Insurance is now piloting a new commission download system designed to automatically post billing and commission information in an agency’s office management system. The Encompass direct bill...
PIANJ Says Auto Market Problems Stem from Availability
Feb 24 2003 // David Madara, president of the Professional Insurance Agents of New Jersey Inc., told the Assembly Banking and Insurance Committee at the state house in Trenton last week that reforms to New Jersey’s ailing...
Broker Fees Raise Questions in Mercury Lawsuit
Feb 24 2003 // A lawsuit filed by a private citizen questioned the legality of broker fees being collected by Mercury Insurance Company producers, according to the American Agents Alliance. A preliminary ruling in the San Francisco...
