Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Fiduciary Duties and Expert Testimony
May 14 2001 // Insurance intermediaries, whether they are brokers or agents, have fiduciary duties. Often these duties run to policyholders or prospective policyholders. Often they run to insurers. Sometimes, they can run to both at the...
XML Provides the Missing Link for SEMCI
May 13 2001 // Agents have faced the problem ever since insurance companies first introduced applications. Each company had its own form, so the agent who wanted to submit the same account to several underwriters had to write the same...
Study Says E-business to Increase Spending by Industry Leaders
May 11 2001 // According to a recent report, e-business technology is expected to increase the spending by a number of leading insurance companies worldwide by nearly 90 percent during the next three years.Results from a group survey...
Arthur J. Gallagher Announces Formation of Specialty Brokerage Services Unit
May 10 2001 // Arthur J. Gallagher & Co. announced the formation of Gallagher Financial Products, a new specialty Brokerage Services unit devoted to the production and development of a broad array of insurance-based financial...
Ebix.com Plans Purchase of Certain iwix.net Assets
May 9 2001 // ebix.com Inc. signed a memorandum of understanding with Chicago-based iwix.net LLC Specialty Insurance Marketplace to acquire certain iwix.net assets, including software, the intellectual property rights of all iwix.net...
International Insurance Group Launches Mexican Auto Policy Website
May 7 2001 // International Insurance Group Inc., in conjunction with Grupo Nacional Provincial (A.M. Best rated “A-9”), announced the launch of its website designed to allow agents, brokers and consumers to issue Mexico...
Benfield Greig-E.W. Blanch to Create Third Largest Global Re Broker
May 7 2001 // On April 16, London-based Benfield Greig Group plc and E.W. Blanch Holdings Inc. of Dallas announced an agreement on merger terms. Benfield offered to purchase the outstanding shares of EWB for $13.50 a share, valuing the...
Insurer Insolvency: Will Agents Be Held Responsible’
May 7 2001 // Those of us who have been in the insurance business for fifteen years or so can remember when there was a limited number of rating agencies assigning ratings to insurance companies. Today, there are more opinions on...
What the Heck is XML’
May 7 2001 // A persistent problem in delivering the insurance product quickly and accurately to the consumer is that there is no uniform way for all the players behind the scenes to communicate. There are way too many human touches and...
Connecticut Insurance Department Joins Site
May 4 2001 // The Connecticut Insurance Department recently joined other state agencies on Connecticut’s CLIC (Connecticut Licensing Info Center) website. The website, www.ct-clic.com, offers direct, online access to licensing and...
Wells Fargo Acquires ACO Brokerage Holding Corp.
May 3 2001 // Wells Fargo & Company announced the completed acquisition of ACO Brokerage Holding Corporation, parent company of Acordia Inc., one of the nation’s largest independent property/casualty insurance...
Sen. John McCain Scheduled to Speak at IIAA Conference
May 2 2001 // Republican John McCain, former Presidential candidate and current Arizona Senator, will speak at the Independent Insurance Agents of America’s (IIAA) 25th Annual National Legislative Conference. McCain will address...
Lloyd’s Changes Internet Sites To Increase Broker Access
May 1 2001 // Lloyd’s announced that its old general website designation – www.lloyds.com – has become “An internet portal that will give insurance brokers and intermediaries all over the world direct access to...
Yates is New Executive Director of ACT
May 1 2001 // The Independent Insurance Agents of America (IIAA) announced that Jeffrey M. Yates is the new executive director of the Agents Council for Technology (ACT). Yates replaced Len Brevik, who left IIAA and the ACT position to...
Lloyd’s Admits Non-U.K. Based Brokers For the First Time
Apr 30 2001 // Of the six new brokers admitted to Lloyd’s select fraternity five are based outside of the U.K., marking the first time that the venerable institution has given foreign brokers direct access to the Lloyd’s...
Independent Agents to Descend on Washington, D.C.
Apr 30 2001 // More than 600 independent insurance agents will take over the nation’s capital for several days this week as the 25th Annual National Legislative Conference convenes May 2-4 at the Grand Hyatt Hotel in Washington,...
Tortious Interference and Business Competition
Apr 30 2001 // Insurance agents are in a tough spot. They compete for business against nearly everybody: each other, banks, financial analysts, annuity companies, and—yes!—even insurers. Often, it seems that insurance agents have to...
Forum for Independent Agents Addresses Privacy
Apr 26 2001 // The Chartered Property Casualty Underwriters will host its annual scholarship forum, “Privacy, Problems, Predictions, Pundits,” on May 3 at the Amica Insurance Company Amphitheater in Lincoln, R.I. The...
Independent Agents to Descend on
Apr 25 2001 // More than 600 independent insurance agents will take over the nation’s capital for several days next week as the 25th Annual National Legislative Conference convenes May 2-4 at the Grand Hyatt Hotel in Washington,...
AMS Users’ Group National Conference Brings Together 3,000 Independent Agents
Apr 24 2001 // More than 3,000 independent insurance agents are gathering this week for four days of education, networking and exhibits at the AMS Users’ Group 25th National Conference. Taking place at the Opryland Hotel in...
