Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Disaster Derivatives Set to Grow in 2008
Apr 1 2008 // With the United States bracing for big hurricanes this year, new derivatives to trade catastrophe risks offer insurers the extra protection they crave against multi-billion-dollar storms. Trading of “catastrophe...
Some U.S. Homes Now Worth Less Than Their Copper Pipes
Apr 1 2008 // Shards of broken glass outside the basement window of 31 Vine Street (Brockton, Mass.) hint at the destruction inside the three-story home. Thieves smashed the window to break in and then gutted the property for its copper...
Procedures for Depopulating La. Citizens Property Ins. Corp. Unveiled
Apr 1 2008 // The Louisiana Department of Insurance has issued procedures for the first round of depopulation of Louisiana Citizens Property Insurance Corporation (LCPIC). The procedures were established at a meeting on March 14, 2008....
Industry Lines Up ‘Pro and Con’ on Bush Plan for Federal Insurance Regulator
Mar 31 2008 // Insurance industry groups are lining up quickly with responses to the Bush administration’s proposed overhaul of the way the government regulates the nation’s financial services industries, including...
California Assembly Considering Insurance Agent-Broker Bill
Mar 31 2008 // A bill that would help to clarify when an insurance professional is acting in the capacity of a broker versus an agent in California is scheduled come before the state Assembly Insurance Committee no later than April 16,...
American E&S Appoints Broker in San Diego
Mar 31 2008 // Marjie Amick, a 24-year industry veteran, will join American E&S Insurance Brokers’ Carlsbad, Calif., branch. Most recently, Amick was with Monarch E&S Insurance Brokers in San Diego. Her book of business...
North Carolina Insurance Agent Ordered to Hide his Fire Truck
Mar 31 2008 // State Farm insurance agent Darin Morton has had a fully functioning fire truck parked in front of his office in the Charlotte, N.C. suburb of Pineville for six years. But The Charlotte Observer reports that...
Chartwell Adds E&S Casualty Division to Arizona Office
Mar 27 2008 // Chartwell Independent Insurance Brokers LLC, a wholesale and specialty insurance broker focusing on high-risk, hard-to-place coverage, announced that it has added an Excess & Surplus (E&S) Casualty Division to...
Western Agents Association Partners With MexiPass Insurance
Mar 26 2008 // The Western Insurance Agents Association has engaged in a partnership with MexiPass Global Assurance, a Mexican insurance providers. MexiPass programs are underwritten by AIG-Mexico to introduce a new opportunity...
Renaissance Alliance Adds 1 Conn., 5 Mass. Insurance Agencies to Group
Mar 26 2008 // The Wellesley, Mass.-based insurance organization Renaissance Alliance reports it has added six independent agencies representing $36 million in additional premium to its group. The new member agencies include five in...
Agents and Brokers: Deadline to Submit for IJ’s Top 100, April 4
Mar 25 2008 // Insurance Journal is on the search for the nation’s leading privately-held property casualty independent agencies and brokerages for its annual Top 100 Property/Casualty Independent Insurance Agencies report. Now,...
Who’s Worth What in the Independent Agency System?
Mar 25 2008 // Fewer independent agencies gave salary increases to managers, sales producers and support personnel in 2007 compared to 2006, while half of all agencies reported that salaries stayed the same in 2007 compared to 2006. Of...
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...
Golden Opportunity
Mar 24 2008 // There is a small contingent of independent insurance agents who aren’t sure they’ve found their permanent career yet. About 20 percent of young agents in a recent Insurance Journal survey said they had already...
People
Mar 24 2008 // Kenneth A. Bowles as been named the 2008 PIA National Professional Agent of the Year by the National Association of Professional Insurance Agents. Bowles was honored for his work on behalf of professional insurance agents,...
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...
