Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Progressive Rolls Out HO Program in Michigan
Sep 12 2000 // Progressive, the country’s fourth largest auto insurance company, will make its homeowners insurance product available to be sold by independent agents in Michigan next month. The company is a leader in collecting...
Gov. Gray Signs Calif. Agent Licensing Bill
Sep 11 2000 // California Gov. Gray Davis has signed into law an agent licensing bill. AB 393, California’s new agent licensing law, will require that all persons transacting insurance will be licensed by the state, protecting...
Jersey Shore State Bank Announces Agreement to Acquire Securities Brokerage, Insurance Business
Sep 6 2000 // Jersey Shore State Bank entered into a definitive agreement to acquire the businesses of Paul R. Mamolen, CLU, and The M Group, Inc. The combined businesses will be operated under a bank subsidiary, The M Group, Inc. doing...
Nationwide Selects Vicinity Corp. to Build Customized
Sep 6 2000 // Service Vicinity Corp., a provider of clicks-and-mortar marketing services to the insurance industry, has signed an agreement with Nationwide Financial Services Inc., to offer Nationwide’s customers access to...
Commercial P/C Rates Continue Upward
Sep 4 2000 // Commercial property-casualty rates continued to increase across the country, according to a report by The Council of Insurance Agents and Brokers. The same held true in Texas, where brokers estimate premium increases...
Lime Street Meets Silicon Valley; New Initiatives Transform Lloyd’s
Sep 4 2000 // Lloyd’s is adapting to modern business methods and upgrading its business systems so rapidly that it promises to meet, if not surpass, the vision that Chairman Max Taylor first set out in “Priorities for...
When Agents Go Bankrupt
Sep 4 2000 // Commissions structures can pose serious problems for agents going through bankruptcy. Protect yourself before you need protection. I admit it. I have a bearish streak. When I was a boy, I firmly believed that everything...
NAPSLO Survey Shows Net Revenues for MGAs, Brokers Grow
Sep 4 2000 // Average pretax profit and net retained revenues for MGAs and brokers increased in 1999, according to the results of the Income & Expense Survey recently completed for the National Association of Professional Surplus...
NAPSLO’s Presidents Share Commitment to Wholesale Agency System
Sep 4 2000 // Both Timothy M. Pedersen, outgoing president of the National Association of Professional Surplus Lines Offices Ltd. (NAPSLO), and John Latham, incoming president, are passionate about their dedication to the wholesale...
Love Thy (Other) Middleman
Sep 4 2000 // They’re scrutinized by regulators. They’re under the gun from companies trying to figure out ways to go around them. They face fierce competition in a buyer’s market. They see companies appointing agents...
TRAVELERS, DELL AUTOMATE AGENTS
Sep 4 2000 // Travelers Insurance is hoping to help agents improve automation capabilities through a special arrangement with Dell Computer Corp. Travelers agents are now eligible for special savings on the latest computer systems from...
When the Market Provides No Answer,Insurers Offer Online E&S
Sep 4 2000 // While the initial furor created by the advent of dot-coms cools down, many insurance professionals are re-evaluating their business relationships with the Web. At a time when agents and brokers may question the benefit of...
Working Winds Blow Through Chicago
Sep 4 2000 // NAPSLO 2000 is all about business “NAPSLO is always intense. Everybody there is trying to make sure that they get as much done in the short period of time as they possibly can.” Anyone who has had the...
Storm Chasers: ICAT Covers Catastrophes from Coast to Coast
Sep 4 2000 // Like the tornado chasers in the movie “Twister,” International Catastrophe Insurance Managers LLC (ICAT) keeps pushing into new territory where others hang back. ICAT, which currently underwrites catastrophe...
Commentary: Time To Start Evaluating the Future of Your Agency
Sep 4 2000 // The pace of consolidation within our industry is accelerating much faster than anticipated a few short years ago. In addition to the fact that the total number of players are shrinking, those remaining—specifically the...
BROKER FEE REGS PASS OAL
Sep 4 2000 // On Aug. 25, the proposed broker fee regulations were approved by the Office of Administrative Law (OAL) and were filed with the Secretary of State. This means they are now regulations, with an effective date of Nov. 23,...
Independent currentsLove Thy Middleman: The Wholesaler
Sep 4 2000 // They’re scrutinized by regulators. They’re under the gun from companies trying to figure out ways to go around them. They face fierce competition in a buyer’s market. They see companies appointing agents...
What’s in a (Domain) Name’
Sep 4 2000 // You’d be surprised just how many people tell me that they don’t seem to be getting much activity on their website. My first question is always, “Well, what’s your URL?” What I find fascinating...
Site Seeing: Becoming Resourceful with Your E-mail
Sep 4 2000 // If you remember, I mentioned in my last column that I’ve been looking for a new minivan for the Chivvis brood. Well, I am still looking, talking and haggling. But on a positive note, I think I’ve narrowed it...
First Union Buys Regional Broker
Aug 31 2000 // First Union Bank, the nation’s sixth-largest bank, has purchased the Tribus Company, a major Northeast regional insurance brokerage and consulting firm. First Union Corp., based in North Carolina, finalized the...
