Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
E&O Insights: Placing Business with New Markets? Proceed with Your Eyes Open
Dec 17 2012 // New entrants into the insurance industry are often triggered by the market showing signs of hardening. After all, these “newbies” have a better chance of securing a healthy rate by not having to pay for...
People
Dec 17 2012 // Associated Agencies Inc., based in Rolling Meadows, Ill., has promoted Joshua Herz to president, making him the fourth person in the same family to hold the position. Herz succeeds his cousin, Max (Skip) R. Schrayer, who...
Florida’s Citizens Cancels Surplus Loan Plan; CEO Questions Depopulation Methods
Dec 14 2012 // Officials of Florida’s policyholder-back insurer have decided not to pursue a plan to loan private insurers part of its surplus in exchange for removing policies citing the fact that as currently envisioned no...
Creating a World-Class Insurance Sales Culture
Dec 13 2012 // This post is part of a series on insurance marketing and training sponsored by Astonish. Selling insurance isn’t like it used to be. Not many people just walk-in or call ready to do business anymore. And when they...
Ex-Insurance Broker Gets 15 Years for Swindling N.J. City School Board
Dec 12 2012 // An insurance broker already headed to prison for funneling bribes to a former Toms River, N.J., school superintendent now faces an additional sentence for swindling the city of Perth Amboy in New Jersey. A state judge in...
Effective Leadership – What is it?
Dec 11 2012 // This post is part of a series on insurance marketing and training sponsored by Astonish. After personally helping install hundreds of marketing systems in insurance agencies across the country, I can’t express enough...
Insurance Fraud Allegations Up in Ohio
Dec 11 2012 // Officials say the record number of insurance-fraud allegations in Ohio this year can be partly attributed to better reporting of suspected incidents and difficult economic times that push some people into illegal...
Futures Industry Looks to Insurance After MF Global Collapse
Dec 10 2012 // Long-derided as unsuitable for sophisticated futures markets, insurance is getting a surge of attention heading into the new year as the industry works to patch itself up after the stunning collapse of brokerage MF Global...
SIAA Adds 7 Midwest Agencies in November
Dec 10 2012 // The Strategic Insurance Agency Alliance (SIAA) announced it signed seven additional members in Midwest states in November. They are: The Robertson Company of Muncie, Ind. Burcham Insurance Agency of Cleveland, Ohio Paisano...
Texas Wind Insurer: Agent Login Will Change Dec. 13
Dec 7 2012 // The Texas Windstorm Insurance Association is advising agents that the web address for its E-Quote login will change on Dec. 13, 2012. The old login address, https://quote.twia.org/twia/do/login, for use prior to Dec. 13,...
SIAA Adds 3 South Central Agencies in November
Dec 7 2012 // The Strategic Insurance Agency Alliance (SIAA) announced it signed three additional members in South Central states in November. They are: Garner Insurance of Norman, Okla.; Mitchell Insurance Group of Willis, Texas; and...
Ex-N.J. Brokerage Exec Who Stole Millions Faces Lengthy Prison Term
Dec 6 2012 // A former New Jersey insurance brokerage controller who pleaded guilty to stealing several million dollars is awaiting sentencing scheduled for Dec. 19. Under the plea agreement, the state will recommend that Kelly Roetto,...
Hull & Co. Opens Marine Department, Names Schmit Marine Broker In California
Dec 5 2012 // Hull & Company has now opened a new marine department at its Stockton, Calif. office and named marine risk specialist Quincy M. Schmit as commercial lines marine broker. The department will offer a variety of...
Building Momentum in the Construction Market
Dec 5 2012 // After four years of one of the most challenging construction markets, construction insurance experts are beginning to see signs of a slow recovery with some of their contractor and builder accounts. The current...
Spotlight: CIWA Looking for Resurgence in Changing Market, Lawsuit
Dec 4 2012 // The California Insurance Wholesalers Association is in prime position to benefit from trends and events that its board members expect to be unfolding in the next year or two – including an improved surplus lines outlook...
Court Finds Rating Agencies Not Liable on Toxic Mortgages
Dec 4 2012 // Major credit rating agencies won a fresh legal victory on Monday when a federal appeals court rejected a lawsuit by Ohio pension funds that sought to recoup millions of dollars of losses on risky mortgage debt they said...
Confie Seguros Buys Florida, Nevada Agencies
Dec 3 2012 // Confie Seguros, a national provider of personal lines insurance focused on Hispanic consumers, has acquired four regional insurance brokerages in Florida and Nevada. Confie Seguros completed the acquisitions of...
Business Moves – East
Dec 3 2012 // Onex Corp., USI Canadian private equity firm Onex Corp. agreed to acquire insurance brokerage USI from Goldman Sachs Group’s GS Capital Partners private equity fund in a transaction valued at $2.3 billion. The deal...
Genstar In Hunt for Another Confie-like Brokerage
Dec 3 2012 // Now that it has sold its equity stake in Hispanic-focused auto insurance broker Confie Seguros, Genstar Capital LLC is hunting for another insurance concern. The San Francisco, Calif.-based private equity firm recently...
Penn.-Based W.N. Tuscano Buys Special Risk Solutions From Utica Mutual
Nov 30 2012 // W. N. Tuscano Agency, a wholesale broker located in Greensburg, Penn., acquired Special Risk Solutions Inc. (SRS), the brokerage division of Utica Mutual Insurance Company. Utica Mutual Insurance Company is a member...
