Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Lloyd’s Welcomes Four New Brokers
Dec 20 2002 // Lloyd’s announced that it has issued accreditation to four new brokers, including the first from India, as part of its ongoing initiative, launched in 2001, to widen access to the London market. The brokers are CK...
West Covina, Calif. Ins. Agents Arrested for Grand Theft
Dec 20 2002 // Investigators with the California Department of Insurance (CDI) Criminal Investigations Branch arrested two local insurance agents for selling bogus insurance policies. Jouly R. Kassis, 20, and Mike George Denno, 24,...
N.Y. Insurance Dept. Completes First Full Year of Online Agent Licensing
Dec 20 2002 // New York Superintendent of Insurance Gregory Serio announced that the state insurance department has finished its first full year of online licensing for agents and brokers for license renewals and new applicants. The...
Willis Acquires Sports and Entertainment Brokerage
Dec 19 2002 // Global insurance broker, Willis Group Holdings, has acquired the assets of sports and entertainment insurance brokerage firm, Special Risk Advisors International LLC of Marietta, Ga. Terms of the transaction were not...
W. Va. State Agencies See Rise in Med-Mal Claims
Dec 19 2002 // A medical malpractice law passed in West Virginia last year is apparently to blame for an increase in medical malpractice lawsuits against state agencies this year. According to the Charleston Daily Mail, a legislative...
Nev. Agent Sentenced for Fraud
Dec 19 2002 // Nevada Attorney General Frankie Sue Del Papa announced that Guy Mitchell Sheets, 38, of Henderson, Nev., was sentenced to 12 to 36 months in prison, concurrent, for the two felony counts of insurance fraud he plead guilty...
IIAANY Provides Online Terrorism Insurance Kit to Members
Dec 19 2002 // The Independent Insurance Agents Association of New York Inc. (IIAANY) announced it will offer an electronic kit to member agents explaining how the recently passed Terrorism Risk Insurance Act would affect them. Available...
Ratings Agencies Scrutinize TIG, Ranger and Other Fairfax Cos.
Dec 18 2002 // Fitch Ratings and A.M. Best both initiated rating actions on Fairfax Financial Holdings Inc. (Fairfax) and its subsidiaries, including TIG Insurance Group—Dallas, Ranger Insurance Group, and Commonwealth Insurance...
Mass. Broker’s License Revoked
Dec 18 2002 // The license of James Falzone, an insurance broker based in Waltham, Mass., was revoked after he allegedly collected $2,900 from a taxi company for coverage and then never purchased a policy for the client. The Daily News...
New Age Sets up Brokerage Division
Dec 18 2002 // New Age Brokerage Inc., a Morristown, N.J.-based managing general agent, announced it has established a brokerage division to be led by Joe Palumbo. Currently underwriting in excess of $75,000,000 of apartment package...
Survey Says Industry Executives Want IT Modernization Despite Budget Limits
Dec 18 2002 // Sapiens International Corporation an insurance business solutions provider, announced results of its survey of U.S.-based senior insurance executives conducted during the annual ISOTECH 2002 conference last month in...
New Orleans Agent Arrested
Dec 18 2002 // A former insurance and bail bond agent was arrested by the Louisiana State Police Insurance Fraud Unit and Louisiana Department of Insurance Fraud Unit investigators issued her a cease and desist order in what the...
HCC to Acquire Lloyd’s Specialty Broker Dickson Manchester Ltd.
Dec 17 2002 // Stephen L. Way, Chairman and CEO of Houston-based HCC Insurance Holdings, Inc. announced that the Company had reached an agreement to acquire Lloyd’s broker Dickson Manchester & Company Limited (DM). “DM...
Calif. Commissioner Implements Last-Minute Regs
Dec 16 2002 // With his term coming to an end, California Insurance Commissioner Harry Low has finalized some last-minute regulations in the Insurance Code before he hands over the reins to Commissioner-Elect John Garamendi. Some of the...
Grabbing the Headlines in 2002
Dec 16 2002 // Who made the most “news” as opposed to the most “noise” in 2002? There were lots of candidates, but the ones we’ve selected usually made news because they faced problems or took initiatives...
Fisher Says Insurance Background Helps Him Make a Difference
Dec 16 2002 // Oklahoma Insurance Commissioner Carroll Fisher is a big guy with a mission. In a recent conversation with the Insurance Journal, he spoke of his role as a voice for the industry within the National Association of Insurance...
Grabbing the Headlines in 2002
Dec 16 2002 // Who made the most “news” as opposed to the most “noise” in 2002? There were lots of candidates, but the ones we’ve selected usually made news because they faced problems or took initiatives...
The Agency Business Plan – A Road Map to Success
Dec 16 2002 // Why Plan? As the manager and/or owner of your agency, you know that every task you undertake on a daily basis should be one step closer to the completion of an overall agency plan. Why plan, you ask? It is no secret that...
Anaheim, Calif. Agent Pleads Guilty to Grand Theft
Dec 13 2002 // Gary Stromme, 47, plead guilty to two felony counts of grand theft in Orange County Superior Court yesterday, the result of an investigation by the California Department of Insurance (CDI) Criminal Investigations...
PIIAI Issues Market Share Reports for 2001
Dec 13 2002 // The Professional Independent Insurance Agents of Illinois (PIIAI) has put together a synopsis, based on A.M. Best’s analysis of state by state reports for commercial lines, personal lines, personal auto, and...
