Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
House Committee Passes Flood Insurance Extension, Reform Bill
May 13 2011 // As flood waters continued rising along the Mississippi River, a House committee yesterday unanimously approved bipartisan legislation to extend the federal flood insurance program for five years and introduce financial...
A. J. Gallagher Acquires UK Broker Heath Lambert for $158 Million
May 13 2011 // Arthur J. Gallagher & Co. (AJG), has completed the purchase of HLG Holdings Ltd (the Heath Lambert Group), for a net purchase price of Ā£97 million ($158 million). Heath Lambert is headquartered in London and has 16...
Liability Lawsuits Against U.S. Rating Agencies Dismissed
May 11 2011 // The three major U.S. credit rating agencies won the dismissal of lawsuits seeking to hold them liable as “underwriters” for helping banks structure securities transactions to achieve desired ratings. The 2nd...
Wholesaler All Risks Expands Orlando Branch; Names Deising Manager
May 11 2011 // Wholesale insurance broker All Risks, Ltd. reports that Don Deising has been hired to lead its Orlando, Florida operation as branch manager and senior broker. Deising will produce new business while leading the Orlando...
New Products Catlin Select and Catlin Online to Launch at BIBA Conference
May 11 2011 // Catlin UK, part of the Catlin Group Limited, plans to unveil a new suite of products aimed specifically at UK brokers at this week’s BIBA (British Insurance Brokers Association) conference in Manchester. The products...
Moores Named President of Minnesota Agents & Brokers Group
May 10 2011 // Mark Z. Moores, president of St. Paul-based Moores Insurance Management Inc., and has been named president of the Minnesota Independent Insurance Agents and Brokers of America (MIIAB) professional association. He...
P/C Insurers Cautious About Adopting New RMS Hurricane Model
May 10 2011 // Property/casualty insurers appear to be in no rush to adopt a controversial revised catastrophe model that dramatically raises certain estimates of potential hurricane losses in the country. California-based modeling firm...
Pennsylvania House OKs Workers’ Comp Changes
May 10 2011 // Pennsylvania House lawmakers have approved new legislation that would allow insurers to write workers’ comp coverage to owners and principals of businesses. Agents in the state had sought the change to correct a...
MMA UK Names Bradshaw as Commercial Development Manager
May 10 2011 // MMA Insurance, the wholly owned UK subsidiary of French multi-national insurer, MMA IARD Assurances Mutuelles, has appointed Derek Bradshaw as Development Manager, to drive commercial growth through its broker partners. He...
Hub International Acquires Two Agencies
May 9 2011 // Hub International Limited has acquired the assets of Lawson-Hawks Insurance Agency Inc. (LHI), a Mountain View, Calif.-based insurance brokerage firm, and Mark Tauber Insurance Brokerage Inc., a Brooklyn, New York-based...
Florida Approves Property Insurance Reform
May 9 2011 // Homeowners’ insurers in Florida are breathing a sigh of relief after succeeding in a months-long battle to obtain property insurance reforms designed to reduce costs and stabilize the market. After watching state...
Strategic Insurance Agency Alliance (SIAA) Adds 6 Agencies in Midwest
May 9 2011 // Strategic Insurance Agency Alliance (SIAA) announced that six new independent agencies in the Midwest have joined the alliance. They are among 21 new members that SIAA signed in April. Of April’s signed members, 18...
E&O Insights: Are Customers Properly Protected for Business Interruption
May 9 2011 // While you may answer the question posed in the headline by saying that most of your commercial customers have business interruption coverage, the issue here is not whether they have the coverage, but whether they are...
Calif. Blocks Bill to Boost Insurance Commissioner’s Penalty Powers
May 9 2011 // The California Senate Insurance Committee has blocked a restitution bill that would have given explicit authority to the state Insurance Commissioner to order restitution as part of an administrative enforcement action...
Calif. Bill Targets State Workers’ Comp Insurer’s Commission Policy
May 6 2011 // California Assembly Member Anthony Portantino, 44th District, has proposed a bill aimed to level the playing field for brokers who help to secure workers’ compensation insurance from the State Compensation Insurance...
Bonus Scheme Leads to License Loss for North Dakota Insurance Agent
May 6 2011 // A Bismarck, N.D., insurance agent accused of falsifying insurance applications to qualify for weekly bonuses has lost his agent license. North Dakota Insurance Commissioner Adam Hamm revoked the license of Michael Krebs....
SIAA Grows by 21 Agencies in April 2011
May 6 2011 // Hampton, N.H., based The Strategic Insurance Agency Alliance (SIAA) announced 21 new member agencies in April. Of April’s signed members, 18 are liberated “captive agents” new to the independent agency...
Calif. Agents: Tread Carefully When Providing Workplace Safety Advice
May 4 2011 // Woe to the employer who is not attentive and actively engaged in health and safety.” That’s the warning the California Division of Occupational Safety and Health (Cal/OSHA) is giving employers in the Golden...
Survey: Commercial Lines Prices Fall 3% in Q1
May 4 2011 // Commercial property/casualty pricing declined again with an average decline 3 percent in the first quarter of 2011. But according to a new industry survey, the pace of pricing declines may be slowing down. The market...
Kentucky to Streamline Agents’ Licenses for Veterans
May 4 2011 // Members of the armed services and their sponsors will find it easier to keep or obtain an agent’s license under a new law approved by Kentucky lawmakers. Kentucky Governor Steve Beshear has signed into law HB 301...
