Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Public Entity Insurance Isn’t Road Salt Or Fill Dirt
Feb 6 2012 // What to Consider When Evaluating Public Entity Insurance Programs During the winter I was traveling in the snowy Northeast calling on agents. Between appointments, I passed a local hardware store that prominently displayed...
Out-of-Trust C.M. Meiers Brokerage in California Fetches $1.375 Million at Auction
Feb 3 2012 // Woodland Hills, Calif.-based C.M. Meiers Co. Inc. was auctioned on Friday at a U.S. bankruptcy court near Los Angeles, with three competing bidders pushing the sales price to $1.375 million for the troubled...
TDECU Insurance Acquires 2 More Texas Independent Agencies
Feb 3 2012 // TDECU Insurance Agency LLC announced it has acquired two independent insurance agencies: Assurance Insurance Agency Inc. (Assurance) based in Bellville, Texas, and Burridge Insurance Agency Inc. (Burridge) based in...
Family of Slain Border From Arizona Agent Files $25M Claim
Feb 3 2012 // The family of a slain U.S. Border Patrol agent filed a $25 million wrongful death claim against the federal government on Wednesday. The 65-page document that’s a precursor to a lawsuit was filed in Phoenix and...
BB&T to Acquire P/C, Life Insurance Units of Wholesaler Crump Group
Feb 3 2012 // North Carolina-based BB&T Corp. is buying the property/casualty and life insurance units of Roseland, N.J.- based insurance wholesaler Crump Group. Under the terms of the agreement, BB&T said it will pay $570...
Insurance Fund Would Aid Farmers, Ranchers Still Owed $100M by MF Global
Feb 3 2012 // U.S. farmers and ranchers who had accounts with failed broker MF Global have got back the bulk of their money but are still owed about $100 million, the Chicago Mercantile Exchange indicated on Thursday after announcing a...
C.M. Meiers Brokerage in Southern California on Trustee’s Auction Block
Feb 2 2012 // Woodland Hills, Calif.-based C.M. Meiers Co. Inc. is being auctioned on Friday at a U.S. bankruptcy court near Los Angeles. Following a Chapter 11 bankruptcy filed on Jan. 9, the firm was placed in the hands of a trustee...
Texas Agents Honor State Lawmakers with Independent Leadership Award
Feb 2 2012 // The Independent Insurance Agents of Texas (IIAT) has presented Independent Leadership Awards to the Honorable Kelly Hancock, Texas House of Representatives, and the Honorable John Carona, Texas Senate. With close to 10...
Brokerage Schwab Hit with Complaint Over Client Lawsuit Waivers
Feb 2 2012 // Wall Street’s own watchdog filed a complaint against Charles Schwab Corp. on Wednesday accusing the online brokerage of requiring customers to waive their rights to pursue class actions against the firm, a violation...
Builder Agent Network Expands Program for Texas Construction Industry
Feb 1 2012 // Builder Agent Network has launched a product for home building and contractor markets in Texas. The company, which functions as the managing general agency for Builders Insurance Group’s Texas products, will start...
Big “I” and Swiss Re Launch E&O Web Resource
Jan 31 2012 // The Independent Agents & Brokers of America (IIABA) Big “I” Professional Liability Program and Swiss Re Corporate Solutions have launched a new risk management website. The “E&O Happens”...
Top Ohio Insurance Fraud and Enforcement Cases for 2011
Jan 31 2012 // Ohio insurance regulators opened 233 insurance fraud cases last year, handled 1,678 agent misconduct cases, took administrative action against 240 individuals and entities and referred 72 individuals for prosecution, the...
Agency Compensation Expected to Rise in 2012: Ward Group
Jan 30 2012 // Contingent commission payouts to insurance agencies are estimated to be 12 percent higher in 2012 than 2011, a new study says. The study by the Ward Group also found that carriers are continuing to increase their volume...
Find Out Who’s Worth What in the Independent Agency System
Jan 27 2012 // Time is running out to find out who’s worth what in the independent agency system! Insurance Journal is once again polling insurance agents and brokers nationwide in its annual Agency Salary Survey. Survey results...
Insurance Marketing New Basics: Go Mobile
Jan 27 2012 // Be careful if you ask Michael Jans, president of Bend, Ore.-based Agency Revolution, about marketing. He may throw the Yellow Pages at you. Jans isn’t a temperamental thug, he’s just passionate about talking...
Tennessee’s Appalachian Underwriters Adds Three Brokers
Jan 27 2012 // Appalachian Underwriters has added three brokers to its property and professional practice group. Shane Holden has 20 years of insurance and risk management experience at the retail level. Most recently, he worked for...
Kaufman Financial Acquires London’s Chesterfield Group, Texas MGA
Jan 27 2012 // The H.W. Kaufman Financial Group, parent company of wholesale broker and underwriting manager Burns & Wilcox, has purchased Chesterfield Group Ltd., a London-based insurance broker and underwriting organization with...
Insurance Exchanges: The World Small to Rule the Big
Jan 26 2012 // A pair of industry experts espoused the benefits of insurance exchanges and small agencies today and in the future during the recent Insurance Industry Roundtable run by the WIAA Education & Research Foundation in...
U.K.-based Broker BMS Group Opens New York Office
Jan 26 2012 // The U.K.-based broker BMS Group said it has opened an office in New York City. BMS Group CEO Carl Beardmore The firm said the Park Avenue office in Manhattan will be the base of Group CEO Carl Beardmore, who will now be...
How Insurance Distribution Is Changing
Jan 26 2012 // Insurance distribution is changing and agents and brokers—retailers and wholesalers—have to define the value they offer and what type of relationships they will have with carriers and customers in the years ahead,...
