Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Agents: Last Chance to Rate Regional Carriers in Insurance Journal-Sponsored Research
May 14 2009 // Channel Harvest Research and Insurance Journal have announced a major new study in the Independent Agency System will be closing soon. Agents still have an opportunity to take the survey, which is probing their attitudes...
DCAP Morphs from Agency Franchiser into Insurer
May 14 2009 // DCAP Group Inc., an upstate New York franchiser of independent agencies, is ditching its franchise insurance business as part of a strategic move to exit the retail insurance business as it morphs into a reconstituted...
Australian Broker Association Opposes High Insurance Premium Taxes
May 14 2009 // The National Insurance Brokers Association (NIBA) has issued a “Discussion Paper,” outlining the reasons for its opposition to the high taxes imposed on insurance transactions in Australia. The NIBA is the...
Top 100 Profile: Locked into the Customer at No. 1 Lockton
May 14 2009 // As Insurance Journal prepares for another Top 100 Independent Property/Casualty Agency List, to be published in our Aug. 3, 2009, magazine, the editors wanted to highlight a few of the current Top 100 agencies. Throughout...
Florida Agents, Consumer Advocate Agree: Insurance Rates Must Go Up
May 14 2009 // With the start of the hurricane season just a few weeks away, a leading Florida consumer advocate joined independent agents at a press conference today to warn that property insurance rates need to be raised if insurers...
Texas’ March Enforcements Result in $325K in Fines, Restitution
May 12 2009 // Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during March include eight license revocations, three license denials and fines and restitution totaling more than $325,000. An order...
Momentous Listed as One of Top Insurance Brokers in San Fernando Valley
May 12 2009 // Momentous Insurance Brokerage Inc. has been named the fourth largest insurance broker in the San Fernando Valley by a regional California newspaper. In addition, the premium per licensed agent is the highest of all ranked...
New York Releases Disciplinary Action Report
May 12 2009 // The New York Insurance Department issued its newest list of disciplinary actions against agents, companies and brokers in the state. Among the fines and disciplinary actions contained in the report: Merastar Insurance...
Arthur J. Gallagher Acquires Texas-based Employee Benefit Broker
May 11 2009 // Arthur J. Gallagher & Co. has acquired the Sellers Group LLC, an employee benefit broker in The Woodlands, Texas. Terms of the transaction were not disclosed. Established in 1997, Sellers Group LLC offers a full range...
6 Steps For Agents to Take Before Soft Market Hardens
May 11 2009 // Most insurance professionals detest a soft market due to the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the change...
North Carolina Agent Charged With Workers’ Compensation Fraud
May 8 2009 // A North Carolina insurance agent has been arrested, charged with twice failing to remit insurance premiums to the insurance company. North Carolina Commissioner Wayne Goodwin reported the arrest of Sherri Efrid, of...
New Insurance Brokerage Being Launched in Chicago
May 8 2009 // River North Insurance Services, a newly formed insurance brokerage with offices at 400 N. State St. in Chicago, announced it will be offering both business and personal lines of insurance. It also specializes in providing...
Louisiana Insurance Agent Accused of Pocketing Premiums
May 7 2009 // A Houma, La., area insurance agent has been served with a cease and desist order, notice of license revocation and $5,000 fine for alleged misappropriation of premiums, the Louisiana Department of Insurance announced. Al...
New Orleans Area Agent Accused of Filing Fraudulent Claim
May 6 2009 // A New Orleans area insurance agent has been served with a civil fine notice and license suspension for allegedly filing a fraudulent stolen vehicle claim with his insurer, the Louisiana Department of Insurance...
Marsh Posts Q1 Profit As Lower Costs Offset Revenue Drop
May 6 2009 // Marsh & McLennan Cos Inc., the second-largest global insurance broker, posted a first-quarter profit on Wednesday, reversing a year-earlier loss, as lower costs helped offset a decline in revenue. Chief Executive...
Redondo Beach Fire Department Receives $9600 Grant
May 5 2009 // Lockton Insurance Brokers LLC and Fireman’s Fund Insurance Co. recently awarded a $9,563 grant to the Redondo Beach, Calif., Fire Department for the purchase of software, which is critical for planning, prevention...
West Virginia’s City National Bank Acquires 2 Insurance Agencies
May 5 2009 // Charleston, West Virginia-based City National Bank and its insurance division, CityInsurance Professionals, reported they have acquired two local insurance agencies: the Patton Insurance Agency in Nitro and the Dickens...
Florida Insurance Broker Can’t Take It Any Longer
May 5 2009 // Well, I’m sorry but I just cannot take it any longer. To quote our very own Insurance Commissioner: “I must also finally break down and respond to some of the more recent articles. Errors in fact and rhetorical...
Agents and Brokers: Deadline to Submit for IJ’s Top 100, June 1
May 5 2009 // Insurance Journal is on the search for the nation’s leading privately-held property casualty independent agencies and brokerages for its annual Top 100 Property/Casualty Independent Insurance Agencies report. Now,...
What Agents Want
May 4 2009 // Money is the lifeblood of any business. But when it comes to running insurance agencies, money isn’t the main thing that principals look for when they do business with a certain carrier. Claims handling, it turns...
