Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Reinsurance Rates Rising, But Few Agree Where, How Much
Apr 6 2011 // Reinsurance rates may be edging higher only now, but the companies’ shares could still surge amid investor hopes that disasters, including Japan’s earthquake, will result in much higher rates in the...
Reinsurance Rates Are Rising, but Few Agree Where
Apr 6 2011 // Reinsurance rates may be edging higher only now, but the companies’ shares could still surge amid investor hopes that disasters, including Japan’s earthquake, will result in much higher rates in the...
Financial Consultant Bjelobaba Analyzes Changing UK Regulations
Apr 6 2011 // The UK’s Conservative government announced, even before it was elected, that it planned to reform the country’s financial regulatory system – for banks, investment providers and the insurance industry. On...
Feds Probe Illinois Public Agencies’ Workers’ Compensation Payouts
Apr 5 2011 // Two federal prosecutors are investigating possible workers’ compensation abuses at Illinois government agencies after disclosures of millions of dollars in payouts and questionable practices by arbitrators. The...
MMA to Write Commercial Lines via Broker Network Trading Room
Apr 5 2011 // As of April 1st members of Broker Network (BN) will be able to trade with commercial insurer MMA Insurance plc via BN’s Network Trading Room. MMA plc is a wholly owned subsidiary of French multi-national insurer, MMA...
All in the Family
Apr 4 2011 // Young Agents Survey Reveals Strong Family Ties Bryan Hanes grew up in the family business listening to stories about life in a small town. He heard his grandfather and then father sharing cheerful conversations with local...
Franchisor Benefits from Unrest in Captive Insurance World
Apr 4 2011 // Ray Spears, Jeff Wilson, and Charles Donaldson in 2007 established GlobalGreen Insurance Agency as the brand name for the franchise network of independent agencies developed and operated by St. Louis, Mo.-based Equity One...
A Balancing Act
Apr 4 2011 // When it comes to health insurance reform, it seems that where you’re coming from makes all the difference. Illinois Insurance Director Michael McRaith, President Obama’s pick to head the Federal Insurance...
People
Apr 4 2011 // Ohio-based Westfield Insurance promoted Joseph C. Kohmann to group finance leader (CFO) and treasurer. He replaces Robert Krisowaty, who retires with more than 10 years of service. In July 2010 Kohmann assumed the position...
Profile of Young Agents
Apr 4 2011 // Older Side of Young 56.3% are 31 to 40 years old; 43.8% are 30 and under. Career Choice 84.8% consider insurance to be a permanent career choice; 13.6% are unsure. Experience 28.5% have less than three years in insurance;...
Despite Event Coverage Market Downturn, Experts Find Ways to Remain Competitive
Apr 4 2011 // The slow economy and extreme scrutiny of business frivolities has hurt the event coverage class as companies scale down the events they put on or cut back on events altogether. Event producers and non-profits have been hit...
NRRA Compliance Checklist: Prepare Now for Surplus Line Tax Changes and Enjoy Your Summer Vacation
Apr 4 2011 // Editor’s Note: This is the first of a two-part article on compliance with the Nonadmitted and Reinsurance Reform Act. The Nonadmitted and Reinsurance Reform Act (NRRA), Subtitle B, Part I, Dodd-Frank Wall Street...
Web Exchange
Apr 4 2011 // On Point: Working on Your Agency vs. Working in Your Agency Shirley Lukens, principal of Reagan Consulting, knows a thing or two about agency best practices. She helped launch the first Best Practices study back in 1992...
People
Apr 4 2011 // The Obama administration has officially named Illinois state insurance regulator Michael McRaith to head the new Federal Insurance Office. McRaith, currently the head of the Illinois Department of Insurance, will run the...
A Balancing Act
Apr 4 2011 // When it comes to health insurance reform, it seems that where you’re coming from makes all the difference. Illinois Insurance Director Michael McRaith, President Obama’s pick to head the Federal Insurance...
Preparing for the Hurdles Ahead
Apr 4 2011 // Think of what happened in the neighborhood travel agency the first time an online travel Web site started doing business. Did those first agents, looking at the flickering image on their computer screens, realize what this...
Pennsylvania Considers Workers’ Comp for Small Business Owners
Apr 4 2011 // Agents in Pennsylvania are urging lawmakers to pass legislation that would allow insurers to cover owners or partners of small businesses through a workers’ compensation policy. The legislation changes insurance laws...
The Future of the Independent Agency (Has Nothing to Do with Age)
Apr 4 2011 // Young Ownership Challenged by Carriers Unwilling to Hand Out Contracts to Start Ups For the last 20 years, at least, consultants, associations and publications have been worrying about the future of the independent agency...
Health of Agents
Apr 4 2011 // The role of health insurance agents under the new federal healthcare law is under review, again, by state and federal policymakers. Illinois Insurance Director Michael McRaith says the law’s medical loss ratio (MLR)...
Calif. Bill Would Give Insurance Commissioner Stronger Penalty Powers
Apr 1 2011 // California Sen. Noreen Evans, D-District 2, has introduced legislation to grant explicit authority to the state Insurance Commissioner to order restitution as part of an administrative enforcement action against an...
