Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Agents Say Getting More Carriers to Offer ‘Real Time’ Is Among Top Tech Priorities
Dec 19 2013 // The industry should place its highest priority on “getting additional carriers to offer real-time capabilities,” according to a survey of insurance agency and brokerage professionals in the United States and...
The Agency Manager-Employee Operations Gap and E&O Risk: Survey
Dec 19 2013 // Agency managers tend to have a rosier view of agency operations than their employees do, according to a survey that also suggests this gap could present errors and omissions (E&O) implications. The survey reveals that...
Former N.J. Broker Sentenced for Misappropriating $660K in Premiums
Dec 16 2013 // A former New Jersey insurance broker who misappropriated more than $660,000 in premiums owed to insurers has been sentenced to five years in state prison. Brian Mohen and his wife, Lisa Stanko-Mohen, were also ordered last...
Ex-Insurance Agent Participated in West Virginia Arson Scheme
Dec 16 2013 // A former West Virginia insurance agent has admitted to his role in an arson scheme in Logan, according to a federal prosecutor. U.S. Attorney Booth Goodwin said 44-year-old William Janey Thompson pleaded guilty to wire...
People
Dec 16 2013 // Glenn RenwickThe Progressive Corp., based in Mayfield Village, Ohio, named Chief Executive Officer Glenn Renwick as chairman of its board of directors following the death of the company’s previous chairman, Peter B....
How Insurance Industry Associations Help Those in Need
Dec 16 2013 // Big “I” member agents, along with former Washington Redskins quarterback Joe Theismann, at a Make-A-Wish event on April 21, 2013, at Pfitzner Stadium in Woodbridge, Va., to benefit local children. Big...
U.S. Insurance Broker Sector Outlook Positive for 2014: Fitch
Dec 16 2013 // Revenue and earnings growth for U.S. insurance brokers in 2014 is expected to improve modestly over 2013, according to a report by Fitch Ratings. Fitch, which issued a stable rating outlook and positive sector outlook for...
How Agents and Brokers Help Communities Nationwide
Dec 16 2013 // IMA Dallas employees James Dark and Sharon Sanford paint walls at a child care center. IMA Big on Volunteerism In addition to giving back with volunteerism, one of the key financial goals of employee-owned IMA is to...
Jimcor Agencies in New Jersey Appoints Brokerage Specialist
Dec 13 2013 // Jimcor Agencies announced the appointment of Christopher Hudson to the position of brokerage specialist. Hudson brings more than 13 years of experience in the industry. Previously Hudson has worked with carriers, managing...
P/C Industry Supportive But Cautious on Federal Insurance Office Recommendations
Dec 13 2013 // Insurers, agents, brokers and state regulators welcome modernization and improvements in the current regulation of insurance, but are not so welcoming of changes that might invite regulation by the federal government. The...
Plymouth Rock, Bunker Hill Offer Combined Home, Auto Coverage to Massachusetts AARP Members
Dec 13 2013 // The senior citizen organization American Association of Retired Persons (AARP) has chosen Boston-based Plymouth Rock Assurance and its affiliated Bunker Hill Insurance to issue auto and home insurance products for AARP...
Broker Pleads Guilty in NYC Charity Theft, Faces Up to 25 Years in Prison
Dec 13 2013 // An insurance brokerage owner has admitted to helping a longtime Jewish community leader steal more than $7 million from a prominent New York City charity has pleaded guilty to charges The New York Times says Joseph Ross...
Federal Insurance Office Releases Long-Awaited Modernization Report
Dec 12 2013 // After nearly two years of delay, the U.S. Department of the Treasury’s Federal Insurance Office (FIO) today released its report on how to modernize and improve the system of insurance regulation in the United...
Northern California Agent Nabbed For Bogus Insurance Certificates
Dec 12 2013 // Property/casualty agent Rodger Edward Winkler, 64, a was arrested by Shasta County District Attorney investigators in Northern California and charged with numerous felonies, including grand theft, insurance fraud and petty...
Keystone Insurers Group Adds Konen Insurance and Dasco Insurance in Illinois
Dec 12 2013 // Konen Insurance of Aurora, Ill., and Dasco Insurance Agency of Northbrook are now partners in Keystone Insurers Group. The addition of the two agencies increases to four the number of Keystone partners in the state since...
Big Brains at Big ‘I’, Insurance Information Institute Give Their Take on 2014
Dec 11 2013 // Most economists are upbeat about next year, but just what does that mean for insurance agents in 2014? For independent agents 2013 was a year in which one entity forecasted their eventual demise, and for the rest of the...
Florida Agents Near Deadline to Accept Citizens’ Appointment
Dec 11 2013 // Florida insurance agencies and agents have just a few days left to decide whether or not to agree to the state-backed property insurer’s new appointment guidelines. Citizens Property Insurance Corp. revamped its...
Audit Finds Issues with Data Protection at Kansas State Agencies
Dec 11 2013 // Weak computer passwords and vulnerable software have left some Kansas state agencies vulnerable to hackers gaining access to confidential data or internal breaches, according to a new information technology audit. Some of...
The Agency Producer Activity Gap and How to Close It: Survey
Dec 11 2013 // Agency producers are not spending enough of their time on the sales-related activities that they and their managers think they ideally should. Instead they are spending more time than they think they should on...
Study Forecasts Growth for Professional Indemnity Insurance in Europe
Dec 10 2013 // New research by market research consultancy London-based Finaccord forecasts that the market for professional indemnity insurance across ten European countries – namely, Austria, Belgium, France, Germany, Italy,...
