Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Ohio Revokes License of Non-Resident Insurance Agent
Jun 9 2011 // Ohio insurance regulators have revoked the non-resident insurance agent license of Karen Sloan, who resides in Green Pond, N.J., for violations of Ohio insurance law. The Ohio Department of Insurance said it has discovered...
Judge Signals $32 Million Settlement in Wells Fargo Bias Suit
Jun 9 2011 // A federal judge signaled that she would approve a settlement calling for Wells Fargo & Co. to pay $32 million to about 1,200 female brokers who claimed they were paid less than men and denied promotions because of...
Ohio: More than 2,000 Agents, Agencies Face $21.7 Million in Tax Liens
Jun 8 2011 // The Ohio Department of Insurance Fraud, Enforcement and License Division, with help from Ohio Attorney General Mike DeWine’s office, has identified nearly 2,230 agents and agencies that owe the state of Ohio $21.7...
Louisiana Insurance Investigators Allegedly Killed by Agent
Jun 8 2011 // Two investigators with the Louisiana Department of Insurance were shot and killed on June 7 while attempting to collect case information from an insurance agent in Ville Platte. Authorities believe that John Melvin...
Calif. Agents Group Seeks Auto Insurance Persistency Discount
Jun 7 2011 // The American Agents Alliance announced it has submitted for title and summary an automobile insurance discount initiative that would allow consumers to receive a discount for having continuous automobile insurance,...
LexisNexis Insurance Exchange Now Available Industry-Wide
Jun 7 2011 // The LexisNexis Insurance Exchange, a system that promises to improve how property/casualty agents, brokers and carriers collaborate on commercial lines accounts, is becoming available industry-wide. The system simplifies...
Lloyd’s Welcomes North American Brokers
Jun 7 2011 // A group of 30 brokers from across the U.S. and Canada are set to visit Lloyd’s this week as part of an annually organized broker program. They will come to London for five days to “learn about the Corporation...
Agents Warn of Insurance Complications for NYC Contractors
Jun 6 2011 // Insurance agents are warning contractors in New York City that they may not be able to obtain increased coverage requirements called for by city regulations set to go into effect next week. Many of those new coverages are...
Catlin Launches Service Initiative for UK, Lloyd’s Brokers
Jun 6 2011 // The Catlin Group Limited announced a “major initiative by the Catlin Syndicate at Lloyd’s and Catlin UK to improve the service provided to brokers.” Catlin explained that as part of the new services its...
Declarations
Jun 6 2011 // The Final Straw? “It’s only a large U.S. event that can turn things around. The U.S. is the biggest insurance market with the biggest exposures.” —Amit Kumar, an analyst at Macquarie in New York. The...
People
Jun 6 2011 // Tina Wrotenbery joined Hub International Rigg (Hub Rigg) as a senior employee benefits consultant. Wrotenbery will move into Hub’s existing offices in Houston and will report to Charlie Reynolds, president, Employee...
A Focus on Providing Value Serves Minnesota Agent Well
Jun 6 2011 // New Minnesota Independent Agents Group President Believes in a Consultative Approach Learn the business. Put your customers’ interests first. Take care yourself. Those are three messages Mark Z. Moores thinks young...
Consolidation Concerns
Jun 6 2011 // The big state agency that oversees insurance producers in New York will soon become a whole lot bigger – and that’s left a lot of agents in the Empire State wondering just how it will affect them. Later this...
Insurance Agents, Adjusters Vulnerable to Lawsuits Even When They’re not to Blame
Jun 6 2011 // Agents and adjusters have completely different roles in the insurance industry. But as intermediaries between insurance companies and their customers they have one critical thing in common: They often get called into...
People
Jun 6 2011 // The IMA Financial Group Inc. promoted three in the company’s employee benefits division to vice presidents. Gregg Kamas was promoted to vice president of IMA Financial Group and national practice leader of health...
4 Things Agents Should Do to Avoid E&O Claims
Jun 6 2011 // After handling insurance coverage claims for years, a distinct pattern has emerged: sometimes the insurance agent gets “caught in the middle” of a dispute between the policy holder and the insured. Often,...
People
Jun 6 2011 // Marsh & McLennan Cos. appointed Daniel S. Glaser to the newly created position of group president and chief operating officer. Glaser previously had been chairman and CEO of Marsh. He will continue to report to Brian...
Web Exchange
Jun 6 2011 // IJ Video Highlights Agents Battle MLR Rules The sweeping federal health care reform law enacted last year is having a major bottom line impact on insurance agents. New rules preventing insurers from including commissions...
People
Jun 6 2011 // West Virginia Insurance Commissioner Jane L. Cline will retire after 10 years on the job. Gov. Earl Ray Tomblin said Cline’s retirement will become effective June 30, 2011 and that he will name a replacement in the...
How Florida’s Agents Fared in Tallahassee
Jun 6 2011 // FAIA President Jeff Grady on Property Insurance Reform, Effects of RMS Model, Citizens For those in the industry, Florida’s recent legislative session was a long march as they tried to navigate through a process that...
