Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Aon Hit With Q4 Benfield Merger Costs But Broker Commissions Grow Slightly
Feb 6 2009 // Aon Corp., the largest global insurance brokerage by assets, reported that net income fell 95 percent in the fourth quarter as it incurred costs related to restructuring and its merger with Benfield Group. Net income was...
New York Proposes Compensation Disclosure Rules for Agents
Feb 6 2009 // Despite earning praise from major insurance brokerages, a proposed new regimen of compensation disclosure rules for insurance producers has New York agents on edge. The draft regulations issued earlier this week include...
Louisiana Agents Accused of Fraud, Theft, Pocketing Premiums
Feb 6 2009 // In two separate instances, Louisiana insurance agents recently have been accused of fraud and misappropriating premiums. In one case, the Louisiana Department of Insurance Fraud Section Investigators served Tamara Celeste...
Mercury Insurance Chairman: Independent Agents Will Always Have Future
Feb 5 2009 // Despite the seemingly difficult times independent insurance agents may be facing today, they will always have a future, according to George Joseph, chairman and founder of Mercury Insurance, considered one of the most...
North Texas Agencies, Powter and O’Neal, Join Forces
Feb 5 2009 // Powter Insurance, based in McKinney, Texas, announced it has acquired the O’Neal Insurance Agency of Burleson, Texas. O’Neal Insurance Agency owner Jerita O’Neal will join Powter, bringing many years of...
Colorado Casualty Introduces Workers’ Comp in Nevada
Feb 5 2009 // Englewood, Colo.-based Colorado Casualty, a Liberty Mutual Agency Markets regional company, announced it has added workers’ compensation coverage to its commercial insurance product line in Nevada. “Bringing...
Western Insurance Agent/Broker Association Installs New Officers
Feb 4 2009 // Insurance Brokers and Agents of the West (IBA West) CEO Clark Payan recently installed the associations new officers and directors. Following will serve in 2009. President Richard E. Dinger of Crescenta Valley Insurance,...
State Farm Rejects Call to Let Florida Agents Represent Other Insurers
Feb 4 2009 // Florida Chief Financial Officer Alex Sink is urging State Farm Florida to “immediately” let its agents do business with other insurance companies for their more than one million policyholders now that State...
Arizona Insurance Broker Launches Rebranding Campaign
Feb 4 2009 // Scottsdale, Ariz.-based Helmer Risk Management LLC has been renamed Hemer. According to president and CEO Scott A. Helmer, “We decided to drop ‘risk management’ from the company name and add the...
North Carolina Agent Arrested on Embezzlement Charges
Feb 3 2009 // North Carolina Department of Insurance investigators said they arrested Teeketa Graham Davis of Sophia, N.C. on charges of embezzling more than $68,000. Department investigators allege that Davis, a licensed insurance...
Texas Announces December Insurance Industry Enforcement Actions
Feb 3 2009 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during December. The actions include five license revocations, three license denials and fines and...
Ault Joins Specialty Insurance Broker S.H. Smith in Ohio Office
Feb 3 2009 // Lori Ault has joined S. H. Smith & Co., a national specialty insurance broker, as vice president of Sales. She will be part of the Midwestern sales team located out of S. H. Smith’s office in Ohio. Ault’s...
New York Agents’ Group Wants Streamlined Agent-Licensing Procedure
Feb 2 2009 // A trade group for New York insurance agents says it’s working with the state’s insurance department to develop a new system for licensing agents. The Independent Insurance Agents & Brokers of New York,...
Venture Introduces New Professional, Management Liability Unit
Feb 2 2009 // Venture Insurance Programs has introduced ProWriters, a new management and professional liabilities unit that works directly with appointed agencies to find the best coverage and risk management solutions for financial...
Armitage Awarded Insurance Broker/Agent Association’s Ramsden/Sullivan Award
Feb 2 2009 // The Ramsden/Sullivan Memorial Award, Insurance Brokers and Agents of the West’s most prestigious award, was presented to James T. Armitage at the 2009 IBA West Annual Meeting & Installation Luncheon in Glendale,...
Final Call: Who’s Worth What in the Independent Agency System?
Feb 2 2009 // It’s that time again! Insurance Journal is polling insurance agents and brokers nationwide in its annual quest to find out who’s worth what in the independent agency system. More than 1,000 agencies nationwide...
Colemont’s Hartford Office Assigns Additional Management Roles
Jan 30 2009 // The Hartford, Connecticut office of Colemont Insurance Brokers has assigned new management responsibilities for several key members of its personnel. Michael O’Brien, vice president, has been named Financial Services...
BancInsure Products Now Available to Bankers, Agents in Texas
Jan 30 2009 // Oklahoma-based BancInsure’s insurance and risk management products are now available to Texas bankers through their local independent insurance agents, the company announced. “As a former Texan I understand the...
Willis Re Appoints 17 Brokers to Drive Specialty Lines Growth in US, UK
Jan 29 2009 // Willis Re, the reinsurance arm of global broker Willis Group Holdings, announced the appointment of 17 professionals “to extend the global growth of the unit’s specialty lines business.” Willis said the...
Diablo Valley Insurance Acquires Gingrich Insurance Brokers
Jan 29 2009 // Diablo Valley Insurance Agency Inc. of Walnut Creek, Calif., acquired the assets of Gingrich Insurance Brokers of Orinda, Calif. Gingrich Insurance Brokers with annualized revenues of approximately $900,000, focuses on...
