Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Georgia Man Sent to Prison for Killing Insurance Agent
Jan 11 2012 // A Savannah man has been sentenced to life in prison after he was convicted of killing an insurance agent during a robbery. The Savannah Morning News reported that 41-year-old Pedro Walker was given two consecutive life...
French Broker Gras Savoye Receives License to Operate in Georgia
Jan 10 2012 // France’s Gras Savoye, which is closely associated with Willis, announced that it has received a license to commence brokerage operations in Georgia (the country – not the state), as part of its initiative to expand...
2012 Brings Operational Changes for Texas Windstorm Insurer
Jan 10 2012 // The New Year ushered in changes to the operation of Texas’s insurance company of last resort for wind and hail along the Texas coast. Many of the operational changes will affect insurance agents who handle Texas...
Lockton Hires Willis Exec as Real Estate Practice Leader in New York
Jan 9 2012 // Lockton Companies appointed industry veteran Michael Power as senior vice president and Northeast real estate practice leader. Based in the insurance broker’s Manhattan, New York, office, Power will be responsible...
Insurance Agent Rowland Gets Kentucky GOP Nomination
Jan 9 2012 // Tompkinsville independent insurance agent Bart Rowland will be the Republican nominee for a Kentucky House seat left vacant when former Rep. James Comer was elected state agriculture commissioner. Rowland was nominated...
Oklahoma’s Commissioner Doak Had a Full Plate in 2011
Jan 9 2012 // In his first year as insurance commissioner of Oklahoma, John Doak was a busy man. Doak and the agency he leads had their hands full implementing reforms in the workers’ compensation system, dealing with a host of...
Trends for 2012
Jan 9 2012 // Soft Market Here to Stay, Merger Activity, Financial Pressures and More In order to be proactive, one needs to understand and exploit current and future trends. So what will 2012 be like for insurance agents and brokers?...
2012 Brings Operational Changes for TWIA
Jan 9 2012 // The New Year is ushering in changes to the operation of the insurer of last resort for wind and hail along the Texas coast. Many of the operational changes will affect insurance agents who handle Texas Windstorm Insurance...
A Disciplined Approach to Underwriting
Jan 9 2012 // Now that 2011 is in the record books, various insurance company presidents soon will be disclosing and discussing their company’s year-end results. While the exact words may be different, don’t be surprised if...
Déjà Vu
Jan 9 2012 // If you are an insurance agent or broker counting on the economy to perform considerably better in 2012 than it did in 2011, well, don’t. Economists say that the economy is showing slight improvement, and employment...
If an Agency Were a Person
Jan 9 2012 // Most agencies are managed from the perspective of the shareholders and executives. But what would an agency want if it were a shareholder? 1. Good health. The foundation of agency health is the balance sheet. The most...
People
Jan 9 2012 // Verne Cadwell has been named vice president of the crop hail division at Grinnell Mutual Reinsurance Co. located in Grinnell, Iowa. Cadwell’s promotion follows a 12-year career at Grinnell Mutual, where he has served...
Allstate Revises Agent Compensation Plan
Jan 9 2012 // Allstate’s captive agents have been spared part of a planned cut in their commissions as the insurer has revised its compensation strategy. The Illinois-based insurer confirmed that it would cut its base commission...
N.J. Court Rules in Favor of Allstate in Agency Franchise Lawsuits
Jan 7 2012 // Allstate announced on Friday that the Superior Court of New Jersey has entered judgment in favor of Allstate New Jersey Insurance Company, a wholly owned subsidiary of Allstate Insurance Company, and dismissed all claims...
N.J.-based Bollinger Acquires Argent Professional Insurance Agency
Jan 6 2012 // Short Hills, N.J.-based insurance broker Bollinger acquired Argent Professional Insurance Agency in Warren, N.J. Bollinger said the acquisition would help bolster its professional liability insurance brokerage...
North Dakota Insurance Agent Sent to Jail
Jan 6 2012 // A Grand Forks, N.D., insurance agent who stole thousands of dollars from clients and forged checks in her fiance’s name has been ordered to spend eight months in jail and pay back more than...
Momentous Insurance Brokerage Launches Equine Specialty Practice
Jan 6 2012 // Momentous Insurance Brokerage has formed an equine specialty practice to provide insurance coverage for horse-related businesses and private horse owners. The equine practice launched at the start of the year and will...
West Virginia to Study Ways to Reduce $50M in Deer Collisions
Jan 6 2012 // Every year in West Virginia, motorists and insurance companies pay more than $50 million to fix damage caused when vehicles collide with deer. State wildlife and highway officials hope to reduce that total by finding out...
Oklahoma Commissioner Disappointed in Denial of MLR Waiver Request
Jan 5 2012 // Oklahoma’s top insurance regulator believes the medical insurance market is headed for “disruption” as a result of the medical loss ratio component of federal health insurance reform After...
Insurance Veterans’ Forecasts for 2012
Jan 5 2012 // Now that the year 2011 is behind us, let’s take a look at what might be ahead. Insurance Journal spoke with leading industry professionals and asked them what they are expecting this year. If their forecasts are any...
