Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
RSA to Sell Canada Broker Unit Noraxis to A.J. Gallagher for $460 Million
May 20 2014 // The UK’s RSA Insurance Group Plc said on Monday it had reached agreement to sell its majority-owned Canadian brokerage business – Noraxis Capital Corp. – to U.S. insurance broker Arthur J. Gallagher &...
Saints-Backed Bill Draws Warning Flag From Players Association
May 19 2014 // The NFL Players Association is asking player agents to warn clients that signing with the New Orleans Saints could subject them to unfavorable workers’ compensation benefits. In an email Friday, NFLPA chief DeMaurice...
People
May 19 2014 // Chester A. McPherson, who has been serving as interim commissioner for the Washington, D.C., Department of Insurance, Securities and Banking (DISB), has been appointed as acting commissioner, D.C. Mayor Vincent C....
WIAA Objects to In-House Producer Disciplinary Hearings in California
May 19 2014 // The Western Insurance Agents Association is throwing up some objections to a California Department of Insurance proposal that would enable the department’s hearing bureau to adjudicate agent/broker and carrier...
High Net Worth Carrier PURE Enters California
May 19 2014 // Call it a little luck or a good timing – maybe a bit of both – but an insurer focused on high net worth individuals has added California to the list of states in which it does business at a time when the number of...
Agent Permanently Barred from Selling Insurance in North Dakota
May 19 2014 // A North Dakota administrative law judge on April 28 upheld a cease and desist order issued by Insurance Commissioner Adam Hamm against insurance producer Frederick Paul Skoda, formerly of Fargo, N.D., now of Detroit Lakes,...
Health Insurance Broker in N.J. Admits Pocketing Nearly $1M
May 16 2014 // Federal prosecutors say an insurance broker has admitted stealing nearly $1 million while selling health care coverage he knew was fake. Seventy-year-old David Clark of Morristown, N.J., pleaded guilty Wednesday to...
Brown & Brown Buys 2 Florida Agencies Targeting RV Market
May 13 2014 // Insurance agency Brown & Brown has acquired the assets of two agencies specializing in the recreational vehicle market. The businesses acquired are Agency Management Corp. (AMC) and its affiliate, Recreational...
Schinnerer Introduces Residential Builders’ Risk Program
May 12 2014 // Underwriting manager Victor O. Schinnerer & Co. has launched a new residential builders’ risk program. Schinnerer will serve as a program access point for retail agents and brokers. The inland marine line of...
Oklahoma Insurance Agent Pleads Guilty in $300K Fraud Case
May 12 2014 // A Tulsa insurance agent has pleaded guilty to exploitation of the elderly for defrauding a Muskogee couple out of nearly $300,000, the Oklahoma Insurance Department announced. Presley Keith Dennis was arrested in January...
There’s Devils in Big Data, but Help is Available from Inhance
May 12 2014 // Computer technology has revolutionized the collection and use of massive amounts of data, and yet, somewhat ironically, it’s frequently harder to find what one actually needs. Aphorisms abound – “big...
Trusted Choice Consumer Portal Funding Now Tops $50M
May 9 2014 // Project CAP, the organization formed to help local independent agents compete in the digital economy under the Trusted Choice brand, has raised $10 million from two additional carrier investors. The capital from the two...
Martin Elected President of Combined Agents of America for 2014-2015
May 6 2014 // Bill Martin has been elected president of the Combined Agents of America LLC (CAA) for 2014 – 2015. Other members of CAA’s newly elected management committee include new Treasurer Pete Bibby, new Second Vice...
North Dakota Permanently Bars Agent from Selling Insurance in State
May 6 2014 // An administrative law judge in North Dakota has made permanent a cease and desist order issued by Insurance Commissioner Adam Hamm against insurance producer Frederick Paul Skoda, formerly of Fargo, N.D., now of Detroit...
Declaration Brokerage Acquires RBLA of PA
May 6 2014 // Declaration Brokerage, LLC, a Mahwah, N.J.-based insurance agency, has acquired the business of RBLA of PA, a Stroudsburg, Penn.-based agency that offers commercial and personal lines coverages. Declaration Brokerage was...
Business Risk Partners Hires Brault as Broker Relations Director in Conn.
May 5 2014 // Business Risk Partners, a Windsor, Conn.-based managing general underwriter, has appointed Stephen L. Brault to the newly created position of director of broker relations.Stephen L. BraultIn his new role at Business Risk...
Agents’ Dream Come True? Single Password for Multiple Carriers Launched
May 5 2014 // The insurance industry is moving to end the clutter of “sticky notes” with passwords on monitors everywhere with a tool that reduces the need for agencies to keep multiple passwords. A non-profit industry...
Workers’ Compensation Fraud: The Insurance Producer’s Role
May 5 2014 // There are essentially two types of workers’ compensation fraud – premium fraud and claimant fraud – and insurance producers can play a role in the discovery and resolution of both, according to one investigator...
Competition & Best Practices Results
May 5 2014 // A recent study reviewed in The Economist (Jan. 13, 2014) proved that competition was required to foster business success and progress. This makes sense. Competition is in many ways the “invisible hand” that...
Measuring Agency Performance Can’t Be Done with Technology Alone
May 5 2014 // Bruce Cochrane of the Renaissance Alliance says agents have to measure everything to stay competitive, however that does not mean relying on technology alone, according to experts who work with and for...
