Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Fireman’s Fund Ready to Rally
Dec 5 2010 // Company Progressing on Mass Market Strategy Fireman’s Fund’s financials, like other insurance carriers’, got bruised a little in the first half of 2010, following some heavy catastrophe losses. But...
People
Dec 5 2010 // Oakland, Calif.-based catastrophe risk modeling firm EQECAT Inc. named Bill Keogh president. He will be based in the Hackensack, N.J., office. Keogh previously served as senior vice president of strategic initiatives. He...
Employers With Foreign Labor Face Increased Liability
Dec 5 2010 // Insurance Considerations for Agents Insuring Agricultural Employer Every state has been impacted by Arizona’s immigration law, as there is now a cry for immigration reform. Employers who hire a questionable workforce...
The Problem With Certificates
Dec 5 2010 // Certificates of insurance can create problems for insurance agents, especially in the areas of commercial property and the construction industries. The potential for disputes to arise is so great that a regulator recently...
California Delays Licensing Implementation Six Months
Dec 5 2010 // The California Department of Insurance is delaying for six months the implementation of a new licensing requirement for fire and casualty licensees that want to sell health insurance. AB 2782 would have required existing...
Feds Erred in Loss Ratio Decision
Dec 5 2010 // Congress May Need to Intervene After months of discussions, the interim final rule on Medical Loss Ratios (MLRs) released by the U.S. Department of Health and Human Services (HHS) was a huge disappointment. The rule...
Why Top Performing Agencies Focus on Compensation Expenses
Dec 5 2010 // Performance Benchmarks Help Agencies Measure Success There are a lot of performance benchmarks to focus on to become a top performing insurance agency and to achieve high profitability. One of the areas agencies need to...
Nation’s Fastest Growing Agencies Revealed
Dec 5 2010 // About this report: The economy and soft insurance market have continued to dampen results for many independent insurance agencies. But despite challenging conditions, some agencies have managed to grow their agency P/C...
Motorists Insurance Named Company of the Year by Indiana Agents Group
Dec 3 2010 // Motorists Insurance Co. was among those individuals and groups recognized by the Independent Insurance Agents of Indiana at the agent group’s recent annual convention. The IIAI honored Columbus, Ohio-based Motorists...
Florida Agent Leader Johnson to Retire
Dec 3 2010 // After more than 40 years in the insurance industry, Scott Johnson, executive vice president of the Florida Association of Insurance Agents (FAIA), will be retiring in December. Johnson has served the FAIA since...
Investors Like Aon’s Growth Strategy
Dec 2 2010 // Top global insurance broker Aon Corp. looks to grow over the next couple of years on the back of improved pricing and a recent key acquisition, which appears to be attracting smart investors to the stock. While some...
Kauffman Installed as President of Indiana Agents Group
Dec 2 2010 // The Independent Insurance Agents of Indiana has installed Byron C. Kauffman as president of the organization for 2011. Kauffman is with Wetzel Insurance Agency Inc., North Manchester, Ind. Other officers installed for 2011...
Brokerslink Adds Three New Members in Global Expansion
Dec 2 2010 // Brokerslink, one of the world’s largest independent insurance broker alliances, has added three new members expanding its presence in key geographical markets and specialist business areas. The new members...
Colemont Texas Now Operating as AmWINS Brokerage of Texas
Dec 1 2010 // AmWINS Group announced that effective Dec. 1, the Texas operations of Colemont Insurance Brokers has been officially renamed AmWINS Brokerage of Texas. AmWINS and Colemont announced in April 2010 that they planned to...
E&O Insights: Nothing Standard About Professional Liability
Dec 1 2010 // Typically, when looking to move an account from one carrier to another, you can count on some degree of similarity in policy forms. For the most part, a general liability policy with one standard company will look similar...
State Regulators Worried About Future of Health Insurance Brokers
Nov 29 2010 // State insurance regulators have established a task force to monitor the negative effects the new federal health reform law might have on health insurance agents and brokers. The National Association of Insurance...
Former North Dakota Agent Gets Probation, Makes Restitution
Nov 29 2010 // An insurance agent who conned a Grand Forks, N.D., real estate company into paying for nonexistent home insurance policies has been given four years of probation. A judge also ordered 44-year-old David Glessner to have...
The Time is Not Right to Drop Real Estate Professionals E&O
Nov 29 2010 // The ongoing downturn in the real estate market is forcing many professionals to make tough choices on where to trim expenses. While during a hot real estate market realtors would not consider dropping their errors and...
Texas to Insurers and Agents: Don’t Misrepresent Insurance Coverage
Nov 29 2010 // The Texas Department of Insurance issued a bulletin reminding insurance companies and agents that misrepresentation of insurance policies by failing to state a necessary material fact, or by making a statement in a manner...
Breckenridge Buys St. Louis Wholesale Broker IPSICO
Nov 24 2010 // Ohio-based wholesale insurance broker and program administrator Breckenridge Insurance Services has acquired the assets of International Placement Services, LC (IPSICO), a wholesale insurance brokerage firm in St. Louis....
