Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Hulk Hogan Adds Ex-Wife as Defendant in Insurance Broker Suit
Nov 18 2010 // Celebrity wrestler Hulk Hogan’s attorneys have added his ex-wife as a defendant to a lawsuit against his insurance broker for allegedly failing to adequately protect his fortune. The lawsuit claims Wells Fargo...
Calif. Agent Association Wants to Phase-In New License Requirements
Nov 18 2010 // Insurance Brokers and Agents of the West (IBA West) is working to persuade the California Department of Insurance to phase-in implementation of provisions of a new law (AB 2782) that will require property/casualty...
How an E&O Claim Could Affect Agency Employee’s Career
Nov 18 2010 // Today’s soft insurance market, reduced commissions and a tough economy for agency owners and their clients might be adding to agency errors and omissions (E&O) exposures. But agency owners are not the only ones...
Rockwood Reduces Premiums for Its Life Agent E&O Product
Nov 17 2010 // Rockwood Reduces Premiums for Its Life Agent E&O Product Rockwood Programs, Inc. has implemented premium reductions of about 20 percent for its life agent’s errors and omissions (E&O). More significant...
Reinsurance Broker UIB Asia to Use AIR Catastrophe Models
Nov 17 2010 // Boston-based AIR Worldwide announced that UIB Asia Reinsurance Brokers Pte Ltd, a subsidiary of UIB International/UIB Holdings UK Ltd, has licensed AIR’s catastrophe risk management systems. “UIB is an...
Tennessee Insurance Department Easily Passes State Audit
Nov 17 2010 // A government audit of the Tennessee Department of Commerce and Insurance (TDCI) has found that the agency has managed to reduce costs and operate efficiently during the economic downturn. In fact, the state...
The Hanover Adds Specialized Classes to Healthcare Portfolio
Nov 16 2010 // The Hanover Insurance Group, Inc. has introduced specialized capabilities for three areas of the healthcare industry: durable medical equipment, diagnostic services and homecare services. The new capabilities will protect...
Broker Wins Appeal Against CRC Insurance Services
Nov 15 2010 // The California Court of Appeal, Second Appellate District, has reversed a lower court’s $4.2 million judgment against former CRC Insurance Services broker Constance Callan. According to court documents in Constance...
Willis Appoints Two New Regional Managers to UK Broker Network
Nov 15 2010 // Willis Group Holdings has appointed two new Regional Managing Directors for Willis Networks, the global insurance broker’s alliance with local, independent brokers in the UK. Mike Rush will be responsible for Willis...
North Carolina Agent Accused of Filing False House Fire Claim
Nov 15 2010 // Frances Moore, of Moravian Falls,. N.C., an insurance agent and owner and operator of Fran Moore Allstate Agency, has been charged with 14 counts of insurance fraud, according to officials. Insurance Commissioner Wayne...
Regulators Tell New York Agents How to Reveal Their Commissions
Nov 14 2010 // New York regulators have finalized guidelines for how agents and brokers are to reveal to clients their commissions, but at least one trade group says any changes to the rules thus far have been...
Agency Saved From the Storm by Cloud Technology
Nov 14 2010 // In the midst of a disaster, our customers count on us to get our jobs done… No excuses!” That promise by County Wide Insurance, an agency in Dexter, Mo., was severely tested on Jan. 27, 2009, when an ice storm...
Massachusetts Revises Workers’ Comp Paperwork Snafu
Nov 14 2010 // Bowing to pressure from insurers and agent groups, Massachusetts safety regulators have eased new workers’ comp paperwork requirements for some out-of-state contractors. At issue is a form used by inspectors to...
North Dakota Agent Pleads Guilty, Loses License, Now on Probation
Nov 14 2010 // A North Dakota insurance agent has pleaded guilty to conning a Grand Forks real estate company into paying more than $64,000 for nonexistent home policies. David Glessner of Grand Forks reached a plea agreement with...
Reporting Firms Face Risks as U.S. Cracks Down on Medicare, Medicaid Costs
Nov 14 2010 // New Insurance Products Cover Risks Created by New Laws and Regulations The federal government’s crackdown on fraud and errors in Medicare and Medicaid is raising liability issues for firms that specialize in managing...
3 Ways to Boost P/C Agency Revenues with Life Insurance Sales
Nov 14 2010 // When I was a regional advisor for a multiline insurance company we were always looking for ways to help agents build more profitable agencies. The most successful agents invariably had a system to promote life insurance...
People
Nov 14 2010 // The National Association of Insurance Commissioners (NAIC) elected Louisiana Insurance Commissioner James J. Donelon as Secretary-Treasurer for 2011. Donelon is presently serving on the Executive Committee of the NAIC and...
Insurance Agent Elected to Arkansas Lieutenant Governor Post
Nov 14 2010 // Republican Mark Darr, an insurance agent, will be Arkansas’ next lieutenant governor, having beaten Democrat Shane Broadway on Nov. 2. Darr, from Rogers, clinched the victory in a close race in his first attempt at...
California Approves Amendments to Privacy Regulations
Nov 14 2010 // In what’s being called “a major victory for insurance agents and brokers,” the California Office of Administrative Law has approved Department of Insurance plans to repeal certain portions of its privacy...
Agency Saved From the Storm by Cloud Technology
Nov 14 2010 // In the midst of a disaster, our customers count on us to get our jobs done … No excuses!” That promise by County Wide Insurance, an agency in Dexter, Mo., was severely tested on Jan. 27, 2009, when an ice storm...
