Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Rating Agencies React Negatively to XL, SCA Bailout Plan
Jul 30 2008 // XL Capital received the inevitable negative reaction from the rating agencies following its announcement that it would pay $1.78 billion in cash and issue 8 million shares as part of a bailout plan to shore up former...
HUB International Names Vucovich President, Brokerage Shared Services
Jul 30 2008 // Hub International Limited appointed Donn Vucovich to the position of president, Brokerage Shared Services. In addition to his role as Shared Services president, he will join HUB’s executive management team and...
New York Governor Signs Late-Notice Reform Bill
Jul 29 2008 // New York Gov. David A. Paterson has signed into law legislation that makes it more difficult for insurers to deny claims based on “late notice” provisions. The legislation requires insurers to clearly...
Under The Microscope: Spitzer-Era Ban On Insurer Fees
Jul 28 2008 // Insurance brokerages who lost billions of dollars in revenue under a ban imposed by former New York Attorney General Eliot Spitzer told state regulators on Friday that the rules were never applied universally, and should...
International Brokerage, HM Risk Group, Opens Doors
Jul 28 2008 // HM Risk Group LLC, a full-service, woman-owned, independent insurance firm providing dedicated brokerage, risk management and consulting services to commercial clients on a global basis, announced the opening of its office...
Chubb: Lessons in Globalizing an Insurance Brand
Jul 24 2008 // 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 the Pacific Rim, serving its property and casualty customers. While...
New York Agents Support Expansion of Excess & Surplus Export List
Jul 23 2008 // Insurance agents and brokers in New York have called upon state officials to ease the rules for how agents obtain coverage for some high-risk policies. The Excess Line Association of New York has proposed adding dozens of...
Agencies Find New Markets at the Exchange
Jul 22 2008 // SAN DIEGO – (July 22, 2008) – With mounting economic pressure impacting the bottom line, insurance agencies increasingly look for new opportunities to expand their business. MyNewMarkets.com Exchange...
Conn. Woman Accused of Retaliation Against Insurance Agent Who Fired Her
Jul 22 2008 // Plainville, Conn. police have arrested a Portland woman, accusing her of trying to retaliate against her former boss by having electricity cut off to his home. Police say 33-year-old Susan Armato was fired June 25 from her...
American E&S Appoints New Broker in Tennessee
Jul 22 2008 // Paul McCulloch joined American E&S Insurance Brokers as senior vice president and broker in its Nashville, Tenn. office. McCulloch will focus on building national programs and facilities. With more than 20 years in...
People
Jul 21 2008 // Indiana Insurance, a Liberty Mutual Agency Markets regional company, appointed Jessica M. Frankovich as Inland Marine underwriting manager. Frankovich will be based in Indiana Insurance’s Illinois regional office and...
Obtaining Optimal Catastrophe Coverage
Jul 21 2008 // In the midst of hurricane season, insurance agents and brokers are reminded of the need for forward-thinking solutions that will help them obtain the best-possible catastrophe coverage for their clients. Following the 2005...
Connecticut Fines Vermont Mutual Insurance Over Agent Licensing
Jul 21 2008 // Connecticut Insurance Commissioner Thomas R. Sullivan has fined Vermont Mutual Insurance Co. $144,000 for violations of state law. A market conduct exam conducted by survey alleged that Vermont Mutual had 104 agents who...
Heffernan Insurance Brokers Establishes Missouri Branch
Jul 21 2008 // California-based Heffernan Insurance Brokers today announced that it has opened a new branch office in Chesterfield, Mo. Tom Hebson, formerly of Tangram Insurance Services, Inc., will manage the branch and its growing team...
China’s CNinsure Expands into Jiangxi Province
Jul 18 2008 // CNinsure Inc. (NASDAQ:CISG), an independent insurance agency and brokerage company operating in China, announced the signing of a set of definitive agreements with several individual entrepreneurial agents to jointly...
Buchanan Joins AmWINS Brokerage in New York
Jul 18 2008 // Gary Buchanan has joined AmWINS Brokerage of New York of vice president. With over 25 years of experience in the insurance industry, Buchanan will focus mainly on financial risk placements, including directors and...
Lockton’s James Sees Bigger Role for Brokers as Risk Climate Worsens
Jul 17 2008 // The current global risk environment is a time to “analyze operations and take the tough decisions necessary to ensure survival in any downturn,” Julian James, a senior executive with global insurance broker...
Hickey, Gervang Join Wells Fargo International Insurance Group
Jul 17 2008 // Wells Fargo Insurance Services, Inc. has made two executive appointments in its international risk management and insurance services group. Patrick Hickey has joined as managing director and national practice leader for...
New York Hearings Pit Agents Against Compensation-Reformers
Jul 17 2008 // A top executive for a key insurance broker urged New York regulators to quash the practice of insurance agents taking contingent commissions, despite calls from agents that the practice would hurt their businesses, and do...
Allied Insurance Brokers Launches New Scaffolding Program
Jul 16 2008 // Pittsburgh, Pa.-based Allied Insurance Brokers Inc. introduced a new scaffolding program available nationwide to retail agents and brokers. The program offers general liability coverage with an A.M. Best “A+”...
