Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Former Agents Sue Allstate Insurance Co.
Dec 21 2000 // Five former Allstate Insurance Co. agents who worked in Florida, Georgia and Oregon, filed a lawsuit in U.S. District Court against the insurer, seeking payment for three years of overtime wages. According to a report from...
Hartford Expands Availability of Web-based Bond Quotation
Dec 20 2000 // Hartford Fidelity & Bonding, a unit of The Hartford Financial Services Group Inc., is expanding availability of 1StepSurety, its web-based real-time bond quotation and issuance service, to insurance agents through...
Lloyd’s Begins Acceptance of New Broker Applications
Dec 20 2000 // For the first time in more than 300 years Lloyd’s has opened its market to insurance intermediaries around the world. In line with announced plans it began sending applications to over 150 brokers who have expressed...
Minnesota Agents Draft Collective Bargaining Legislation
Dec 20 2000 // The board of directors of the Minnesota Independent Insurance Agents has drafted legislation for possible introduction in the state legislature this January that would permit agents to collectively bargain the terms and...
MetLife Auto Home Enhances Agent Contracts
Dec 18 2000 // MetLife Auto & Home has made several enhancements to its Independent Agency Agreement. The contract changes will be introduced in 2001. The revisions provide for the company to defend, indemnify, and hold the agent...
CDI Forms Producer Licensing Bureau Toll-Free Hotline
Dec 15 2000 // Insurance Commissioner Harry Low announced the formation of a California Department of Insurance Producer Licensing Bureau toll-free hotline available for producers with licensing concerns. The new hotline is operational...
Prudential California Realty, Tanner Insurance Brokers Join to Sell HO Coverage
Dec 12 2000 // Homeowners will soon be able to buy homeowners insurance through their realtors, thanks to a joint venture between Prudential California Realty and Tanner Companies, LLC, one of the largest regional brokers in...
PIIAI To Break Away from PIA National
Dec 11 2000 // At its meeting on Nov. 30, the Board of Directors of the Professional Independent Insurance Agents of Illinois voted to disaffiliate with the National Association of Professional Insurance Agents, pending ratification by a...
‘Tis the Season…
Dec 11 2000 // Although we still do not have a new President as of this writing, things are quieting down in the nation for the holidays. I think it’s safe to say that the insurance industry will quiet down as well over the next...
With Friends Like That…
Dec 11 2000 // On Oct. 31, Mirna Angelica Alfaro of Los Angeles was arrested on charges of selling automobile insurance without a license. The 30-year-old woman was charged with three counts of acting in the capacity of an insurance...
General Agents Downgraded
Dec 11 2000 // Following the release of third-quarter 2000 earnings by the General Agents Group, the company’s FSR was lowered from ‘A’ to ‘A-‘ by A.M. Best, which noted that the downgrade reflected a...
Broker from North Hollywood Pleads No Contest
Dec 7 2000 // Insurance broker Shahin Sean Pelaseyed, 46, of North Hollywood has pled no contest to one count of grand theft of insurance premiums in a Van Nuys Superior Court. The Van Nuys Attorney’s Office and Pelaseyed reached...
New Mexican Auto Insurance Websites to Help U.S. Consumers, Agents
Nov 29 2000 // A new website will give tourists a chance to purchase Mexican automobile insurance before they venture south of the border. In addition, agents can order policies for their customers through a website designed for...
Penn National Launches Web-based Agent Services
Nov 28 2000 // Penn National Insurance has launched PennConnect, a series of web-based services that provide fast customer service tools to the company’s 1,200 independent agencies, accessed through the company’s website,...
InsurBanc’s Application Approved by OTS
Nov 27 2000 // On Nov. 17, the U.S. Office of Thrift Supervision (OTS) cleared an application by the Independent Insurance Agents of America (IIAA) and W.R. Berkley Corp. to establish a new federal thrift by the name of InsurBanc. The...
Artisan Contractor Class Stays Strong – Despite Construction Defect Litigation, Hardening Market and
Nov 27 2000 // The building boom across much of the country resulting from nearly 10 years of economic expansion has also resulted in a business boom for artisan contractors. As individuals in some of the country’s hottest markets...
High Court Decides For Lloyd’s in Jaffray Case, No Fraud Found
Nov 27 2000 // It looks like the Lutine Bell will continue to ring at Lloyd’s for a while longer, as it no doubt did on Nov. 3, when Justice Peter Cresswell of London’s High Court announced his long-awaited decision in the...
BROKER FEE REGS TAKE EFFECT
Nov 27 2000 // The new CDI broker fee regulations went into effect on Nov. 23. The regulations require that agents use a Standard Broker Fee Disclosure Form and Standard Broker Fee Agreement when a broker fee is charged on personal lines...
InsurBanc’s Application Approved by OTS
Nov 27 2000 // On Nov. 17, the U.S. Office of Thrift Supervision (OTS) cleared an application by the Independent Insurance Agents of America (IIAA) and W.R. Berkley Corp. to establish a new federal thrift by the name of InsurBanc. The...
Independent Currents
Nov 27 2000 // Ever notice how sometimes it’s the most important stuff that doesn’t get done at work? Every business, large or small, has four quadrants wherein all short-term and long-term work falls. (Some management guru...
