Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
P/C Insurers Lost 900 Jobs in October, Labor Department Data Shows
Dec 7 2011 // Property/casualty insurers lost 900 jobs overall in October, according to latest government data. But insurers in other segments did better. Life insurer employment was up by 1,400. Employment at medical expense insurers...
Strategic Insurance Agency Alliance Adds Six Member Agencies in East
Dec 7 2011 // The Strategic Insurance Agency Alliance (SIAA) added six new member agencies in the East region in November. The new member agencies are: The Highbeam Group of Cherry Hill, N.J.; Geraci Agency of Clinton Corners, N.Y.; ENV...
Ambrose Joins Hylant Group’s Executive Risk Practice in Chicago
Dec 7 2011 // Privately owned insurance brokerage firm Hylant Group, headquartered in Toledo, Ohio, has added Lynn Ambrose to its executive risk practice. Based in Hylant’s Chicago office, Ambrose will be primarily responsible for...
SIAA Adds 2 South Central Agencies
Dec 7 2011 // The Strategic Insurance Agency Alliance (SIAA) in November added two new member insurance agencies from South Central states. Nationally, the group added 35 members last month. The two new agencies are: Partners Premier...
SIAA Signs 5 Agencies in Midwest
Dec 7 2011 // The Strategic Insurance Agency Alliance (SIAA) in November added five new member insurance agencies located in the Midwest. Nationally, the group added 35 members last month. New agency members in the Midwest are: Epic...
Florida Agents Concerned About Homeowners Choice Contract
Dec 7 2011 // Independent agents in Florida are concerned that an appointment contract offered by a Florida homeowners insurer that recently assumed thousands of policies from another company could result in a loss of those...
Minnesota Workers’ Comp Insurer Joins Big ‘I’ Trusted Choice Program
Dec 6 2011 // The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) announced that Minnesota-based workers’ compensation insurer, SFM, is the newest member of the Trusted Choice consumer...
Torus Acquires Renewals of C.V. Starr for Continental Europe; Interview with Int’l. CEO O’Donohoe
Dec 5 2011 // Torus announced that it has entered into an agreement with Starr Underwriting Agents Limited whereby Torus Syndicate 2243 acquires the renewal rights to CV Starr Syndicate 1919’s Continental European Marine,...
Parker Named to Head P/C Specialty at Aon’s Global Brokerage Center
Dec 5 2011 // Aon Risk Solutions, the risk management business of Aon Corp, announced the appointment of Mark R. Parker to the position of Director in Aon’s London Global Broking Center’s, International Property and Casualty...
Action Requested on MLR
Dec 5 2011 // If the National Association of Insurance Commissioners (NAIC) has its way, agents should see some relief from the impact of the Medical Loss Ratio (MLR) provision of the Patient Protection and Affordable Care Act. The NAIC...
Perpetuation: It Isn’t Just a Money Thing
Dec 5 2011 // When agency owners think of perpetuation planning, they often think only of the financial aspect: Selling their agencies. In some circles, among some advisors, perpetuation planning is really another term for acquisitions....
Former North Dakota Agent Admits to Mail, Wire Fraud
Dec 5 2011 // A former Minot, N.D., insurance agent has pleaded guilty to mail and wire fraud charges in federal court. Court documents indicate Alan Henning embezzled nearly $1.2 million between 2005 and 2010 from his employer, West...
Leading By Creating
Dec 5 2011 // Top 100 Agency Profile Agency Name: Confie Seguros, trading under Freeway Insurance Headquarters: New York, N.Y. Year Founded: 2008 Additional Locations: California, Arizona, Washington, Oregon, Texas, New York, New...
How to Reduce the Risk When Buying Agency E&O Coverage
Dec 5 2011 // Agents shopping for errors and omissions coverage should compare the details of the policies because not all E&O policies are the same, according to experts in this market. As Scott Goodreau, chief risk officer for...
People
Dec 5 2011 // The Independent Insurance Agents and Brokers of America (Big “I”) recently presented Caliper Corp.’s founder and CEO Herb Greenberg with its chairman’s award. Greenberg was presented with the award...
Architects & Engineer Class Held Hostage by Price Cutting, Overcrowding
Dec 5 2011 // Even with historically low rates, tough competition, and a reduction in business, the architects and engineers professional liability class is still very highly sought after, with new players jumping in regularly. Some...
Aon to Close Agency Specialty Product Network (ASPN) by Year’s End
Dec 2 2011 // Aon is closing down Agency Specialty Product Network (ASPN), a subsidiary, by the end of the year. “Aon values the long-term relationships developed with local agents and brokers and we remain committed to...
Are You Prepared for the Changing Insurance Market?
Dec 2 2011 // In today’s personal property/casualty insurance market, agents and brokers face increasing uncertainty. Staying the course is no longer an option to drive profitable growth. You must be informed of the latest market...
Turning Construction Red Flags into Opportunities
Dec 2 2011 // The role of an agent or broker as a trusted advisor to contractor clients is more important than ever given today’s challenging business environment. One of the many ways you can add value to your client...
Penn.-based Broker KMRD Partners Acquires General InsurCorp
Dec 2 2011 // KMRD Partners, a Warrington, Penn.-based risk management consulting firm and property/casualty insurance broker, has acquired assets of General InsurCorp. Based in West Chester, Penn., General InsurCorp has been operating...
