Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Joe and Jo, Intrepid Agents
Nov 2 2008 // First there was GI Joe, then Joe the plumber. Now, though, there’s Insurance Agent Joe, or Josephine (Jo), if you prefer. Participating in the exclusive 2008 Insurance Journal Agency E&O Survey, Joe and Jo had a...
AIG Crisis Highlights the Need for Insurance Professionalism
Nov 2 2008 // Are You an Insurance Professional or an Insurance Hack? Editor’s Note: The following commentary was originally published on InsuranceJournal.com. The Letter to the Editor, on page N41, is in response to this...
Agents Joe and Jo on AIG and E&O
Nov 2 2008 // The federal government’s recent bail out of American International Group Inc. (AIG) via a $122 billion-plus loan to keep the company afloat set the insurance industry on edge. AIG’s insurance entities are...
More Lawsuits, Firmer Prices on the Horizon for Executive Liability
Nov 2 2008 // Property Premiums Fall Sharply; P/C Insurers Post Q3 Losses; Some Sell Stock to Raise Cash for Surplus Woes More lawsuits and firmer rates for directors and officers liability coverage are almost certainly ahead as a...
The Battle to Preserve Agency/Broker Value
Nov 2 2008 // As economic stagnation and current rate pressure weakens performance and as supply starts to outstrip demand for acquisitions, agencies and brokers must be prepared for deteriorating valuations. As the next few years will...
A Winning E&O Defensive Strategy
Nov 2 2008 // How Agents Block Claims In sports, the best offense is a great defense, right? When it comes to preventing errors and omissions claims defensive measures are also the best offense in protecting an insurance agency....
Quality Counts!
Nov 2 2008 // How to Keep Problems From Turning Into Claims We have all had experiences in our lives where we look back and realize our very life was almost extinguished. If not for the difference of a few seconds or inches this column...
More E&O Coverage for a Reasonable Price Suits the Average ‘Joe and Jo’
Nov 2 2008 // Joe the “insurance agent” wants a reasonably priced errors and omissions insurance policy for his independent agency that covers all the business activities his operation engages in, whether they are revenue...
How Independent Agencies Reduce E&O Exposure
Nov 2 2008 // 40 Risk Management Steps Independent Agents Implemented to Lower Their Risk The exclusive 2008 Insurance Journal Agency E&O Survey asked independent agents what risk management steps their agency has implemented to...
2008 Insurance Journal Agency E&O Survey at a Glance
Nov 2 2008 // The 2008 Insurance Journal Agency E&O Survey, conducted Oct. 3 through Oct. 16, drew 1,042 respondents from 50 states; there were no respondents from the District of Columbia. The five states with the highest...
Why Agents Choose Other Markets Rather Than Their Preferred Markets
Nov 2 2008 // While independent agents have their favorite carriers for certain risks, on occasion they end up choosing a carrier other than their preferred carrier. Most often the reason they do is pricing. Independent agents named...
Aon Reports 6% Revenue Boost in Q3
Oct 31 2008 // Aon Corp., the world’s largest insurance brokerage by assets, posted better-than-expected quarterly profit Friday, helped by growth in fees and commissions. Excluding items, profit from continuing operations rose 33...
Wisconsin Dilweg: State Regulation Best for Agents, Consumers
Oct 30 2008 // From flooding and tornado catastrophes to the impact of the AIG bailout or the federal versus state regulation debate, Sean Dilweg has a lot on his plate as Wisconsin’s insurance commissioner. Appointed by Wisconsin...
Connecticut Insurance Broker to Fill GOP Slot as Honorary Candidate
Oct 30 2008 // A Bristol, Connecticut insurance broker says he’s filling in as the Republican candidate in the 76th Assembly District race to honor the original candidate who apparently took his own life last week. David L. Norton...
CEO of New Marsh Retail Agency Sees Lean, Nimble Operation
Oct 30 2008 // Global insurance broker Marsh, known for handling large and complex accounts, is out to win a share of the $80 billion in insurance premium paid by smaller and emerging growth companies in the U.S. The firm announced last...
North Carolina Independent Agents Announce 2008 Award Recipients
Oct 29 2008 // The Independent Insurance Agents of North Carolina announced its 2008 industry award winners during the 111th IIANC Annual Convention held Oct. 12-15 in Asheville, NC. The 2008 Agent of the Year is J. Rives...
Willis Adds 2 Execs to UK Commercial Broker Network
Oct 29 2008 // Willis Group Holdings announced the appointment of Howard Robinson as a marketing consultant and Sarah Walters as marketing communications manager for the Willis Commercial Network, a partnership of local, independent...
Web Site ‘Bridges’ Relationships Between Insurance Agents, Brokers
Oct 29 2008 // The Internet has become more than a useful bridge for insurance agents trying to reach new markets for accounts — it’s also helped locate insurance for bridges. Insurance agents are reporting success connecting...
Gibson Group Retains Best Practices Status from Independent Agents
Oct 29 2008 // Indiana-based Gibson Insurance Group is part of a group of independent insurance agencies around the U.S. to retain Best Practices status in 2008 from Independent Insurance Agents & Brokers of America (IIABA). Gibson...
Regional Transit in Chicago Could Lose Funds Because of AIG Woes
Oct 28 2008 // The Regional Transportation Authority is among about 30 transit agencies around the nation that could be on the hook for millions of dollars because of the woes of insurance giant American International Group...
