Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
E&O Risks When Insuring Commerical Property
Nov 5 2012 // It seems that every year commercial property is one of the top three lines of business generating errors and omissions (E&O) claims against agents. Because most agents insure a fair number of commercial buildings, this...
Surplus Lines: Regulators Vetting of Alien Nonadmitted Insurers
Nov 5 2012 // The National Association of Insurance Commissioners (NAIC) acts as the trade association for state insurance commissioners. The Nonadmitted and Reinsurance Reform Act of 2010 (NRRA) delegated to the NAIC responsibility for...
Indiana Agents Benefit from a Healthy Insurance Environment
Nov 5 2012 // And, It’s One They Helped Create, Association Leader Says The current business environment for independent insurance agents in Indiana is pretty good thanks to the hard work and legislative involvement of agents and...
Rebounding Economy Spurs Growth in Cargo, Supply Chain Risks
Nov 5 2012 // A slow trend toward economic recovery in the United States may mean good news/bad news for insurance agents and brokers who handle commercial accounts with cargo and supply chain vulnerabilities. The good news is growth in...
Closing the Liability Gap
Nov 5 2012 // Underserved Fiduciary Market Creates Rich Opportunities for Agents When it comes to fiduciary liability, ignorance is risk. Many fiduciaries of company-sponsored retirement and health plans are unaware that they face...
What’s Ahead in Agency E&O
Nov 5 2012 // Competition, Hard Market, Healthcare Effects and More E&O Suits by Carriers Firmer insurance prices and an upward trend in agency revenues are signs of good times for most independent agencies. These same trends,...
Insurers, Brokers Say Some Northeast Offices Still Closed Due to Sandy
Nov 2 2012 // Superstorm Sandy — and the widespread power outages and transport problems that followed — affected business operations of numerous companies in the Northeast, including those of insurers and brokers. Companies...
Ohio Agent Tax Lien Program Nets $5.3 Million Since 2011
Nov 2 2012 // Ohio Lt. Governor and Dept. of Insurance Director Mary Taylor announced that an agent tax lien program that has collected more than $5.3 million in unpaid income tax, sales tax and workers compensation premium payments....
Former Texas Agent Gets 10 Years, Must Repay $9.3M for Fraud
Nov 2 2012 // A former North Texas insurance salesman has been sentenced to 10 years in prison and must repay more than $9.3 million in a fraud case. Federal prosecutors in Dallas say 76-year-old Robert Hague-Rogers of Frisco wrongly...
Insurance Agents and the 2012 Election: Interview with Big I CEO Rusbuldt
Nov 2 2012 // Bob Rusbuldt When it comes to the 2012 presidential election, insurance agents have, as industry insiders like to say, “skin in the game.” In addition to being concerned with how the overall economy will...
London Broker Miller Names Plato to Marine Hull Team
Nov 1 2012 // Miller Insurance Services in London has bolstered its marine hull capabilities with the appointment of David Plato from Alston Gayler. Plato, who began his insurance career in 1988, specializes in marine hull insurance...
2 Life Terms in Missouri Insurance Agent’s Death
Oct 31 2012 // A St. Louis man was sentenced to two life terms for his part in the robbery and murder of St. Charles, Mo., insurance agent in 2007. Before being sentenced, 33-year-old Cleo S. Hines testified that he was forced to drive...
Bank Holding Cos. Set Record in Insurance Brokerage Fee Income: Report
Oct 31 2012 // Bank holding companies (BHCs) set new records in insurance brokerage fee income in the second quarter and year-to-date (YTD) in the first half of 2012. According to the Michael White-Prudential Bank Insurance Fee Income...
Broker Southwest Risk: Dispute with Allied World Settled
Oct 29 2012 // Insurance broker Southwest Risk LP, based in Dallas, announced it has settled a dispute with Allied World Assurance Co. The announcement released by Southwest Risk did not elaborate on the nature of the dispute but Allied...
Starr Companies Launch Aviation Broker Portal
Oct 29 2012 // Starr Aviation, a division of Starr Indemnity & Liability Co., has launched a new broker portal, Starrlink. The Starrlink portal provides agents with access to all previously issued policy documents, inclusive of but...
Former California Agent Sentenced In Theft Case
Oct 26 2012 // Former insurance agent James Henry Sim, 66, of San Diego, Calif. was sentenced to a stayed term of four years and four months in state prison, the California Department of Insurance announced on Friday. Sims was taken into...
Waco, Texas-Based Agent Named Trusted Choice Hometown Hero
Oct 26 2012 // The Independent Insurance Agents of Texas (IIAT) has named Wes Bailey, president of Bailey Insurance & Risk Management Inc. in Waco, as its newest Trusted Choice Hometown Hero. The Hometown Hero program recognizes...
ITC Updates Web-Based Insurance Marketing Tracker for Agencies
Oct 26 2012 // Insurance Technologies Corporation (ITC), based in Carrollton, Texas, announced updates to its web-based audience engagement system, AgencyBuzz. The system helps agencies track effectiveness of email and social media...
Astonish Announces QQ Solutions as a Silver Sponsor for its Fourth Annual eAgent Summit Taking Place This Oct. 28-30
Oct 26 2012 // Warwick, Rhode Island, 10/26/12 – Astonish, the leader in insurance digital marketing solutions, is pleased to announce QQ Solutions, Inc., www.qqsolutions.com, as a Silver Sponsor for its fourth annual eAgent Summit...
Former Southern California Auto Club Agent Sues Insurer for ‘Illegal Practice’
Oct 25 2012 // A former insurance agent has filed a class action lawsuit in Southern California against Auto Club over what she alleges is an “illegal commission scheme” that penalizes agents who sell policies to people who...
