Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Declarations
Sep 1 2008 // Agent-Broker Duties “It’s important to understand this bill doesn’t change anything for brokers that want to continue doing business as usual. Yet it really creates an opportunity for producers to have a...
People
Sep 1 2008 // General Star Management Co. appointed Gregory J. Diorio chief operating officer and Joseph L. Majsak chief marketing officer. Diorio will oversee all underwriting divisions while Majsak will oversee the new marketing...
Little Big Stuff
Sep 1 2008 // In a disaster, people often lose access to things they weren’t thinking about losing. Like much else in life, when it comes to catastrophes, it’s the little things that count. Thousands of homeowners and...
Broker Liability
Sep 1 2008 // Liability for Failing to Obtain Promised or Reasonably Anticipated Coverage Author’s note: This is part II in a series on broker liability. Part I appeared in the Aug. 4, 2008, issue. Absent any express...
California Legislature Passes Agent-Broker Bill
Sep 1 2008 // California Assembly Bill 2956, which will clarify the duties of an agent versus those of a broker, has passed both the state Assembly and Senate. The bill will now be held at the Assembly desk until the state budget is...
Lloyd’s in the 21st Century
Sep 1 2008 // The Modernization of Lloyd’s and the London Market Any institution — and there aren’t many — that survives and thrives for 320 years must find ways to adapt to changing conditions. Lloyd’s of...
Lessons in Globalizing an Insurance Brand
Sep 1 2008 // Chubb: Understand Local Culture and Rely on Local Staff When Abroad Chubb Insurance, founded in 1882 in New York, today sells in 28 countries and has about 120 offices throughout North America, Europe, South America and...
Brokers’ Stocks Up Slightly for the Year; Banks Active in Brokerage M&As
Sep 1 2008 // Stock Prices: The brokerage sector as a whole is up 2 percent for the year. Arthur J. Gallagher’s (NYSE:AJG) stock has faired well compared to peer Brown & Brown (NYSE:BRO). Gallagher’s stock is up 6.5...
A Winning Culture
Sep 1 2008 // Lots of companies claim to have a great working environment, but when a company backs up its claim with awards, who can deny it? Insurance Journal Top 100 Agency Profile The IMA Financial Group Inc. RANKING: No....
Surplus Lines Results Remain Strong, Despite Heightened Competition
Sep 1 2008 // Brokerage M&As Expected to Continue for the Near Term; Time’s Almost Up for Congress to Pass Reform Bill Surplus lines insurers continued to outperform the property/casualty industry in underwriting and...
The Complete Condo Package, Part 2
Sep 1 2008 // How to Fit the Right Pieces Together for an Association or Unit Owners’ Coverage Picture Piecing condominium association and unit-owner insurance programs together necessitate determination and complete information....
Wholesaler Value is a Story That Needs to Be Told
Sep 1 2008 // Soft Market or Not, Stay Focused on Providing Superior Service, Value to Agents There is an old saying in the insurance industry that goes something like this: “Please, God, give me one more hard market and I...
AmWINS Insurance Brokerage Names Manassero VP in California
Aug 29 2008 // Brian Manassero has joined AmWINS Insurance Brokerage of California’s Chatsworth office as a vice president. He will specialize in property and product liability placements, and has 12 years of insurance industry...
Untrustworthy Insurance Agents Will Lose Licenses in Washington
Aug 29 2008 // Insurance agents in Washington state can lose their licenses if they are deemed “untrustworthy.” In an important decision, the Washington State Court of Appeals ruled that Insurance Commissioner Mike Kreidler...
No Absolutes in Agency Training and Recruitment
Aug 29 2008 // Recruiting and staffing in the insurance industry has never been as “hot” as it is right now, said Susan Henry, senior vice president, The Jacobson Group, an executive search, professional recruiting and...
Heartland Analyst Likes Insurance Broker Brown & Brown
Aug 28 2008 // There’s value to be found in this rangebound market in areas like insurance brokerages, North American natural gas as well as some industrials, a fund manager said. Brad Evans, who helps manage more than $2 billion...
Soft Market Exposes Value of Risk Control for Golf Insurers
Aug 28 2008 // For the golf industry, 2008 business is at best a bogey — probably worse. And for the agents, carriers and program managers who cater to the golf and country club world, that’s made for a rough market,...
Harn and Lechler Form New Insurance Brokerage
Aug 27 2008 // Sorn Harn and Horst Lechler have formed Harn & Lechler Insurance Services LLC, a wholesale insurance brokerage specializing in placing tough and difficult casualty and property risks with admitted and nonadmitted...
Texas Agent William C. Barmore Passes
Aug 27 2008 // Retired Texas independent insurance agent William C. (Bill) Barmore, Jr., age 81, and a resident of Pasadena, Texas, passed away Aug. 23, 2008. Barmore was born Jan. 6, 1927, in Cameron, Texas, to Cecil and Selma (Klatt)...
Pennsylvania Chiropractor Charged in Staged Bus Accident Claims
Aug 27 2008 // A former Bucks County, Pa., chiropractor has been accused of fraudulently billing two insurance companies for more than $27,000 for treatments to patients who claimed to have been injured in staged bus accidents. Attorney...
