Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Lloyd’s New Director of North America, McGovern, Navigates Turbulent Waters
Nov 14 2010 // Addressing Changes in EU and U.S. Regulations; North American Lloyd’s Reorganization Sean McGovern, Lloyd’s general counsel and, since February 2010, the director of Lloyd’s North America, may still have...
Why Cash Flow Outweighs Profits in a Tough Economy
Nov 14 2010 // Simple Steps to Improve Agency Cash Flow Cash flow today is probably more critical to small businesses than anytime in 20 or maybe even 40 years. This is especially true for agencies. I have seen many articles written...
Big ‘I’ Gives $1.7M to Shape New Congress
Nov 14 2010 // The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) said that its political action committee, InsurPac, distributed more than $1.7 million in the 2010 campaign cycle resulting in a...
M&A Activity Heats Up
Nov 14 2010 // The Race to the Finish Line Merger and acquisition (M&A) activity between July and September was robust making the third quarter the most active with 61 deals versus 36 last year. Deal volume for the first nine months...
Personal Lines Leaders
Nov 14 2010 // About the Personal Lines Leaders: The 2010 Personal Lines Leaders in this special feature are taken from Insurance Journal’s Top 100 Property/Casualty Independent Agencies as reported in August. This list utilizes...
Use Digital Marketing to Attract Smart Young Producers
Nov 14 2010 // Young Hires Serve as Both Teachers and Student In one way, today’s high unemployment rate is helpful in the agency business. It assists when it comes to recruiting new, youthful producers. There are tons of young,...
People
Nov 14 2010 // Connecticut-based managing general agency Business Risk Partners has named Mark Bradway as director of broker relations. He has worked in specialty liability for over a decade. He began his career at wholesale broker Swett...
Sullivan Brokers Names Smith President
Nov 12 2010 // Thomas E. Smith has joined Sullivan Brokers Wholesale Insurance Services as president. Most recently, Smith was Great American Insurance Company Division President of Great American Custom Insurance Services. Sullivan...
BrokersLink Appoints Casanueva to Board of Directors
Nov 12 2010 // BrokersLink, a major independent insurance broker alliance whose members manage premium volumes in excess of $10 billion, has appointed Juan Ignacio Casanueva, Chairman of the Casanueva Perez Group in Mexico, to its board...
Aon Warns Re/insurers of Heightened Rating Agency Scrutiny in Asia
Nov 11 2010 // Aon Benfield announced that it is “advising re/insurers that rating agencies are likely to increase their scrutiny of catastrophe risk in Asia and that many companies will have to make substantial investments to...
Late Filings of Surplus Lines Policies Draw Fines in Texas
Nov 10 2010 // If enforcement actions taken by the Texas Department of Insurance this year in response to late filing of surplus lines insurance policies with the state stamping office were meant to capture the attention of managing...
Thom Smith Joins Sullivan Brokers as President
Nov 9 2010 // Los Angeles, CA – 9 November 2010 – Thomas E. Smith has joined Sullivan Brokers Wholesale Insurance Services as President effective November 8, 2010. Most recently, Smith was Great American Insurance Company...
Regulators Tell New York Agents How to Reveal Their Commissions
Nov 9 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...
McAuley Woods Midwest Team Shifts to Maximum
Nov 9 2010 // Maximum Independent Brokerage LLC, a Chicago-based excess and surplus lines wholesale brokerage, announced it is hiring the entire team of McAuley Woods Midwest office effective immediately. Adrian Smith, along with his...
Marsh Signs Exclusive Agreement with Iraqi Broker
Nov 9 2010 // Marsh announced that it has signed a mutually exclusive agreement with Anglo Arab Insurance Brokers (AAIB), “the only international broker to be licensed and registered to operate in Iraq with offices across the...
Two North Dakota Insurance Agents Lose Licenses
Nov 9 2010 // North Dakota Insurance Commissioner Adam Hamm has revoked the licenses of two insurance agents. Hamm has barred a Fargo insurance agent Janet Lulay from doing insurance work in the state. He says Lulay accepted a check...
Calif. State Fund Revises Broker of Record Policy
Nov 9 2010 // California’s State Compensation Insurance Fund announced it has revised its broker of record policy, as well as filed for a 5.2 percent overall rate increase for 2011. The rate filing also includes changes that it...
North Dakota Insurance Agent Accused of Theft
Nov 8 2010 // Bond has been set at $17,500 for a Minot, N.D., insurance agent facing a felony theft charge. State Insurance Commissioner Adam Hamm says 57-year-old Alan Henning allegedly stole more than $800,000 by obtaining...
U.S. Risk Names Wafer an Associate Broker in Houston
Nov 8 2010 // Managing general agency and surplus lines wholesaler, U.S. Risk Insurance Group Inc., has named Elizabeth Wafer an associate broker working with Ann Meyer, senior broker, in the Houston, Texas, office. Wafer brings with...
California Approves Amendments to Privacy Regulations
Nov 8 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...
