Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Financial Firms Hope to Use Spending Bill to Stall Retirement Advisor Rules
Dec 9 2015 // Wall Street may get one more shot to derail rules championed by the White House that would put tighter restrictions on brokers who advise Americans on saving for retirement. While financial firms trying to kill the...
2015- Modernization in the Non-Admitted Market
Dec 9 2015 // Dallas, TX, December 9, 2015- 2015 has been a big year for mergers and acquisitions in our industry. You read consolidation news everyday…Willis to buy Towers Watson…Confie acquires another broker…Gen...
Tennessee Agencies Paid $430K by CSX for Train Derailment
Dec 9 2015 // CSX Transportation has paid over $431,000 to local agencies since a train carrying hazardous material derailed and caught fire in eastern Tennessee earlier this year. Officials with the Blount County mayor’s office,...
Insurance Lies Clients Believe – And Pass on to Others
Dec 7 2015 // Myths, legends and lies are hard to dispel and correct, especially when doing so appears to financially harm the teller or believer. If the myth is true, the client (the teller/believer) does not need to purchase the...
New Credit Card Chips Shift Liability to Retailers
Dec 7 2015 // On Oct. 1, 2015, many of the insurance industry’s clients took on a lot more risk, and may not even know it. The Payment Card Industry, PCI, which is the self-regulating organization that oversees everyone that...
Why Specialist Brokers Need to Become Content Marketers
Dec 7 2015 // If you’re only an occasional consumer of marketing advice, you might think it’s crucial to learn everything there is to know about analytics and Big Data to effectively promote yourself and your...
Insurance Company Profitability
Dec 7 2015 // The past 10 years has been incredibly profitable for insurance companies. Net income for the industry – that is net, not pretax – has equaled $448 billion; that’s almost half a trillion dollars. It is not chump...
Massachusetts Agents Have Over $1B Financial Impact on State
Dec 7 2015 // Eight years after the introduction of managed competition for private passenger auto insurance and the influx of direct writers and direct response companies into Massachusetts, a new study commissioned by the...
Indiana High Court Allows Negligence Claim Against Agent
Dec 4 2015 // Indiana’s high court has confirmed a lower court’s summary judgment favoring a property insurer that denied a homeowner’s claim after discovering that misleading information about the condition of the...
Kuckenbaker Joins Brokerage Team at SierraSpecialty in California
Dec 3 2015 // Patricia Kuckenbaker has been named a surplus lines broker with SierraSpecialty’s team in Clovis, Calif. Kuckenbaker will be operating throughout the Western U.S. Her specialty is brokering contractors and...
Helping Independent Agents Compete and Evolve
Dec 3 2015 // This post is part of a series sponsored by CoreLogic. Even with advancements in the direct-to-consumer channel, independent agents (IAs) continue to be a dominate distribution channel for property & casualty...
Plymouth Rock Promotes Nisenson to Lead N.J. Prudential Agent Division
Dec 3 2015 // Larry Nisenson Plymouth Rock Assurance has promoted Larry Nisenson to president of the Plymouth Rock Prudential Agent Division. He is based in Red Bank, New Jersey. Plymouth Rock’s Prudential Agent Division supports...
Shanghai Asian Insurance Brokers Registered as 1st Chinese Lloyd’s Broker
Dec 1 2015 // Shanghai Asian Insurance Brokers Co. Ltd. (SAIB) has been registered as the first Chinese Lloyd’s registered broker. Based in Shanghai, SAIB specializes in liability insurance, special risk insurance and reinsurance,...
Former Texas Agent Pleads Guilty to Fraud, Faces 20 Years in Prison
Nov 30 2015 // A 64-year-old former Texas insurance agent has pleaded guilty to wire fraud and money laundering, federal prosecutors say, and faces up to 20 years in prison for what amounted to a Ponzi scheme. U.S. Attorney John M. Bales...
Mathieu Appointed President of Collinson Insurance Brokers
Nov 25 2015 // Collinson Group has appointed Yasmine Mathieu as president of Collinson Insurance Brokers Inc. (CIB). Based in Little Rock, Ark., she is part of Collinson Group’s global broking team with associates in Dallas and...
Michigan Insurance Broker Sentenced on Racketeering Charge
Nov 24 2015 // A Troy, Mich., insurance broker was sentenced last week to 14 months to 20 years in prison on one count of racketeering, the state attorney general’s office announced. Michigan Attorney General Bill Schuette said...
Program Brokerage Corporation Hires Cunningham as Assistant VP in N.Y.
Nov 24 2015 // Jeffrey Cunningham Program Brokerage Corporation, a wholesale brokerage/managing general agency and a subsidiary of Hub International Northeast, has hired Jeffrey Cunningham as assistant vice president, Environmental...
U.K. MGAs Seek Greater Role in Claims Process: MGAA Matters Survey
Nov 23 2015 // Managing general agents are keen to be more involved in the claims process because they view claims as a core competence with an intrinsic link to underwriting, according to the latest MGAA Matters Survey.* The fourth...
3 Tennessee Agents Face Disciplinary Actions, $680K in Fines by TDCI
Nov 22 2015 // The Tennessee Department of Commerce and Insurance (TDCI) announced disciplinary actions taken against three former Tennessee agents for misappropriation, failure to report administrative actions, and felony convictions...
Texas Agent CE Requirements Changed with Passage of SB876
Nov 19 2015 // Senate Bill 876, passed during the 2015 Texas legislative session, reduced the required credit hours for continuing education (CE) for agent and adjuster license renewals to 24 hours for each two-year renewal period and...
