Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Predictive Analytics Being Used to Manage Agencies, Curb Fraud
Nov 7 2011 // Earlier this year, experts at WallStreet & Technology (wallstreetandtech.com) identified predictive analytics and cloud computing as two of six hot technologies that will transform the insurance industry in 2011 and...
People
Nov 7 2011 // Novato, Calif.-based Fireman’s Fund Insurance Co. has named David Zona as chief underwriting officer and Kathleen Zortman as chief field executive. Zona is responsible for setting the direction and priorities for...
Association Founder Urena Still on Mission to ‘Latino-ize’ Insurance
Nov 7 2011 // The narrative of Andre Urena’s life is told in a series of lessons, many handed down from his peasant-turned-bank president father Alvaro. His father died in December-but not before having a heavy hand in shaping his...
People
Nov 7 2011 // Jim Donelon has been re-elected commissioner at the Louisiana Department of Insurance. Donelon, a Republican from Metairie, on Oct. 22 defeated Democrat Donald Hodge. Donelon has been insurance commissioner since...
Procedural Consistency: A Good Defense for Agency E&O
Nov 7 2011 // I have often been asked why procedural consistency is important for reducing errors and omissions (E&O) exposures. Another way of asking the question is, “Why is inconsistency an issue?” Let’s first...
McLeod Joins Smart Choice as President
Nov 4 2011 // Chris McLeod has been named as president of the High Point, N.C.-based Smart Choice Agents Program. She will take over as president effective November 16. McLeod brings more than 40 years of industry experience to her new...
Colorado Allstate Agents Hiring Announcement Follows Lackluster Jobs Report
Nov 4 2011 // In the wake of lackluster unemployment figures released on Friday a large insurance company is trying to draw attention to opportunities within Colorado in the industry and its firm. Friday’s report from the U.S....
Broker/Analyst Cheuvreux Urges Buffett to ‘Come to Europe’
Nov 4 2011 // Warren Buffett should come to Europe to tap regional champions at knock-down valuations, including in his favored sectors, Cheuvreux analysts said in an open ‘letter’ to the billionaire U.S. investor detailing...
Gorin Named Network E&S Insurance Brokers President
Nov 3 2011 // David J. Gorin has been named president of Network E&S Insurance Brokers LLC, a Simi Valley, Calif.- based managing general underwriter and wholesaler. Gorin’s immediate responsibility will be to establish and to...
Pennsylvania, Delaware Agent Groups Part Ways With PIA National
Nov 2 2011 // Two independent agent associations in the northeast said they will discontinue their affiliations with the National Association of Professional Insurance Agents (PIA). The Insurance Agents & Brokers of Pennsylvania...
Swett & Crawford Adds Casualty Broker in Pennsylvania
Nov 2 2011 // Atlanta-headquartered wholesale intermediary Swett & Crawford hired Chris Hendrix as a new casualty broker at its Philadelphia-North office. Hendrix comes to Swett from Southern Cross Underwriters (CRC) where he spent...
Agent Tax Lien Program Returns $2M to Ohio and its Citizens
Nov 1 2011 // A tax lien program that has collected more than $2 million in unpaid income tax, sales tax and workers’ compensation premium payments, Ohio Lt. Governor and Dept. of Insurance Director Mary Taylor announced. The...
New York AG’s Securities Fraud Lawsuit Against Charles Schwab Tossed
Nov 1 2011 // A lawsuit against Charles Schwab Corp. over auction-rate securities that was filed by former New York Attorney General Andrew Cuomo was thrown out by a state court judge. The 2009 lawsuit accused the San Francisco-based...
National Flood Insurance Program Offers Free Seminars for Penn. Agents
Nov 1 2011 // The National Flood Insurance Program (NFIP) said it is offering insurance agents free training seminars on flood insurance in several locations across Pennsylvania. The seminars will cover basic insurance issues and also...
Agents Can Advise Clients on Halloween Coverage, Accident Prevention
Oct 31 2011 // The Halloween night is filled with frightful risks. Fortunately. insurance agents can play a helpful role by advising their clients about coverage and accident prevention. • The Insurance Information Institute says...
Why Real Estate Professionals Need E&O Coverage
Oct 31 2011 // As real estate professionals know well, most signs point to slow progress in real estate industry growth. Professionals are left to manage their costs, make cuts where possible, keep up-to-date on industry trends, fight...
William Gallagher Settles With Regulators, Will Pay $1.7M
Oct 31 2011 // Insurance broker William Gallagher Associates Inc. will pay $1.7 million as a settlement with Connecticut regulators over allegations that it overcharged a client. The state regulators accused the Massachusetts-based...
BrokersLink Adds 8 New Members
Oct 31 2011 // BrokersLink, a major independent international insurance broker network, announced that new brokers had joined the organization in Israel, Indonesia, South Korea and the Caribbean. Its members’ managed premium...
Aon Profit, Brokerage Revenues Up in Q3; Hewitt Costs Take a Bite
Oct 28 2011 // Aon Corp. reported a profit jump for the third quarter ended Sept. 30, 2011. Net income increased 38 percent to $198 million, compared to $144 million for the prior year quarter. Total corporate revenue increased 51...
Utica National Launches Cybersurance for Small Businesses
Oct 28 2011 // Between 2005 and 2010, more than 350 million personal records were exposed in reported data breaches alone. Those numbers include data, privacy and security breaches by cyber-criminals accessing sensitive company and...
