Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Indiana One of First States to Ban Tax on Insurers for Accident Responses
Mar 24 2008 // Some call it ‘double taxation;’ others easy money Indiana recently became one of the first states in the country to pass legislation prohibiting the practice of municipalities charging fees for accident...
N.Y. Agents Applaud Insurance Fines Defeat
Mar 24 2008 // Significant fine increases for violating New York insurance law — proposed by former Gov. Eliot Spitzer — have been rejected by the Legislature, a move that one New York agents’ group called a major victory for...
Agents: Document, Document, Document
Mar 24 2008 // When I sold my agency in 2001, I moved to Florida and started buying shopping centers. Hurricane Frances almost destroyed the center I acquired across from the beach one day after my first renewal. My agent had originally...
50 Things Independent Agents Like LEAST
Mar 24 2008 // The exclusive 2008 Insurance Journal Survey of Young Agents asked independent agents under 40 years old what they like least about being an independent agent. Here’s what some of the 360 agents who took the survey...
Reasonable Expectations for Agents’ E&O
Mar 24 2008 // The public views insurance agents and brokers as professionals, experienced and knowledgeable in a complicated and specialized field. Negligence focuses on the principle that people who hold themselves out to the public as...
101 Things Independent Agents Like MOST
Mar 24 2008 // The exclusive 2008 Insurance Journal Survey of Young Agents asked independent agents under 40 years old: What do you like most about being an independent agent? Here’s what some of the 360 agents who took the survey...
America’s Young Insurance Agents: Love and Optimism in the Workplace
Mar 24 2008 // “I wanted a job I could love,” says 29-year-old Meghan McGarry. She found it when she first went to work in an independent insurance agency in New York. Four and one-half years later, and now handling small...
California Tahoe Fire Commission Wants Federal Aid
Mar 24 2008 // A commission created after a Lake Tahoe blaze destroyed more than 250 California homes voted unanimously to seek state and federal emergency declarations to combat what it says is an imminent threat of catastrophic...
Mass. Agents Find Out What Their Auto Customers are Thinking
Mar 24 2008 // As Massachusetts independent agents enter a new era in auto insurance, they can’t help but be a bit anxious. After all, they have for years had a lock on more than 85 percent of the auto market under the previous...
When it Comes to Insurance Cycles, Mutuals and Stocks Behave Differently
Mar 24 2008 // Difference is tied to how mutual insurers build market share, says Conning researcher When it comes to managing through a soft cycle, it turns out mutual companies behave in a way that’s different than their...
To Perpetuate or Sell – It’s a Big Decision to Make
Mar 24 2008 // Agencies that choose to remain independent can do so with hard work, industry consultant says If you run your business as if you will choose to perpetuate you’re maximizing value,” says John Wepler, president...
When it Comes to Insurance Cycles, Mutuals and Stocks Behave Differently
Mar 24 2008 // Difference is tied to how mutual insurers build market share, says Conning researcher When it comes to managing through a soft cycle, it turns out mutual companies behave in a way that’s different than their...
People
Mar 24 2008 // McQueary Henry Bowles Troy hired Jimmy Balagia as senior vice president in the firm’s property and casualty group in Austin. Balagia has 30 years of experience as a property and casualty broker/consultant and...
Feds Propose Changes to Flood Insurance Q&A for Lenders
Mar 21 2008 // The federal bank, thrift, credit union, and Farm Credit System regulatory agencies today requested public comment on new and revised interagency questions and answers for lenders regarding flood insurance. The Interagency...
Willis Launches Network N2, for Community Brokers
Mar 21 2008 // Following on the success of its Commercial Network, Willis Group Holdings has launched another unique offering, Willis N2 – described as a “new network aimed at giving community brokers access to the...
Pacific Underwriters Adopts (I-Bind)® For Private Company and Non-Profit Risks
Mar 20 2008 // New York, NY- March 20, 2008: Pacific Underwriters announced that it has partnered with Darwin Professional Underwriters to place management liability insurance for private company and not-for-profit risks utilizing...
McClelland Joins American E&S Brokers as Senior Broker
Mar 20 2008 // American E&S Brokers of California Inc. of Irvine, Calif., has named Barbara McClelland a senior broker-casualty and property surplus lines. She will specialize in construction, environmental and products liability....
Smith Joins AmWins Brokerage in California
Mar 20 2008 // Sheryl Smith has joined AmWINS Insurance Brokerage of California as senior vice president. Formerly assistant vice president at Crump Insurance Services, Smith has 25 years of insurance industry experience, from claims...
Connecticut Agents’ Group Elects New Officers
Mar 18 2008 // The Professional Insurance Agents of Connecticut elected officers yesterday during the group’s annual convention. The group’s new officers are • President Michael F. Keating of West Hartford, president of...
Average Homeowners Policy Rate Comparison is Meaningless
Mar 17 2008 // Despite the insurance industry’s traditional reliance on averages, averages don’t always make sense when comparing premiums. In Texas, as elsewhere, individual premiums are subject to so many variables — from...
