Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Trusted Choice
Feb 21 2010 // Just when producers thought it was safe, mandatory compensation disclosure has reared its ugly head again. In a move that has its origins in the Spitzer days, New York regulators are mandating that insurance agents and...
People
Feb 21 2010 // The Independent Insurance Agents of Texas (IIAT) on Feb. 2 presented its 2010 Independent Leadership Award to Joe Straus III, speaker of the Texas House of Representatives. The Independent Leadership Award was presented...
Insurance Agents Fined for Not Having Written Security Plans
Feb 21 2010 // Recent headlines underscore the importance of agents having written security plans to protect the privacy of their clients’ personal information. In the first case, the Virginia Bureau of Insurance fined an agent...
How Program Partners Can Help You Sell Value
Feb 21 2010 // “Price is what you pay. Value is what you get.”—Warren Buffet Agents, brokers and underwriters should heed Mr. Buffet’s advice and consider how they’re doing business. I’ll bet if I asked...
M&A Activity at Decade Lows
Feb 21 2010 // Leading into 2009, agencies were at a crossroads; uncertain of whether to sell, buy, or implement new or improved organic growth strategies. The path was uncertain, but it was widely believed that market, economic and...
101 Things Young Agents Like MOST
Feb 21 2010 // The exclusive 2010 Insurance Journal Young Agents Survey asked independent agents 40 years old and younger: What do you like most about being an independent agent? Here’s what some of the 631 agents who responded had...
Dispelling the Myth That Wholesalers Add Cost
Feb 21 2010 // Your current retail broker is using a wholesaler and it’s adding to the cost of business. We can reduce your costs by eliminating the wholesaler.” How many times have retail agents and brokers said this when...
Young Agents Survey
Feb 21 2010 // Most enter the insurance business by accident but for young independent insurance agents, the decision to stick with insurance as a permanent career is a matter of choice. A healthy 84 percent of young insurance agents say...
Risks in a Bad Economy
Feb 21 2010 // Agents Take Note of New Errors and Omissions Exposures The current economic turmoil is wreaking havoc across the board. Businesses are downsizing or going out of business. Families are suffering from lost jobs and...
50 Things Young Agents Like LEAST
Feb 21 2010 // The exclusive 2010 Insurance Journal Young Agents Survey asked independent agents 40 years old and younger what they like least about being an independent agent. Here’s what some of the 631 agents who responded had...
Lee & Mason Increases Limits on Insurance Agents’ Professional Liability
Feb 19 2010 // Lee & Mason Financial Services, Inc. has increased its limits for insurance agents’ errors and omissions coverage from $5 million to $10 million. Insurance agents E&O coverage, with limits of up to $10...
Agents Encouraged to Review Flood Risk in Minnesota
Feb 18 2010 // With the potential for serious flooding in the Red River, Minnesota and possibly Mississippi river valleys this spring, Governor Pawlenty is reminding insurance agents to talk with their homeowners customers about optional...
Combined Agents Group Premiums Grow to $410M in 2009
Feb 18 2010 // Austin, Texas-based Combined Agents of America LLC (CAA) announced it achieved more than $410 million in combined property and casualty premiums and more than $53 million in revenue for 2009. The group, which recorded...
AJ Gallagher Buys Brazil Facultative Reinsurance Broker
Feb 17 2010 // Arthur J. Gallagher & Co. has acquired Securitas Re of Sao Paulo, Brazil from Estater Gestao de Investimentos Ltda. Terms of the transaction were not disclosed. It will trade internationally as Gallagher Brazil, as a...
Large Brokers Freed to Go After Contingent Commissions But Will They?
Feb 17 2010 // The nation’s largest insurance brokers have received the go-ahead to begin accepting contingent commissions again — but two of them say they won’t do it. Officials in New York, Illinois and Connecticut...
Willis CEO Plumeri Reiterates Broker’s Contingent Commissions Rejection
Feb 16 2010 // Willis Group Holdings Chairman and CEO Joe Plumeri, speaking to a meeting of insurance executives at Willis’ London headquarters, reiterated the broker’s long standing position that it would not accept...
Keystone Insurers Adds 2 More Kentucky Agencies; Total Now 13
Feb 16 2010 // Keystone Insurers Group (KIG) is continuing its expansion in Kentucky. The company announced it has added Rowland Insurance and Rudd Insurance to its growing list of partner agencies in Kentucky. These two firms join...
2 Nebraska Agents Sentenced
Feb 16 2010 // Two insurance agents in Nebraska have been handed sentences for unlawful conduct, the Nebraska Department of Insurance reported. A previously licensed insurance agent, Bobby L. Hoeft, sentenced by District Court Judge...
Mass. Supreme Court Rules Against Agents in Auto Insurance Lawsuit
Feb 16 2010 // The Massachusetts Supreme Court has sided with the state’s insurance commissioner in a heated lawsuit brought by the state’s insurance agents and Arbella Mutual Insurance Co. over how new companies are assigned...
North Carolina Agent Sentenced for Embezzlement
Feb 12 2010 // A North Carolina insurance agent has been sentenced to 48 months supervised probation with one year of electronic house arrest after pleading guilty to five counts of embezzlement, according to state officials. Insurance...
