Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Reinsurance Broker BMS Names Buysse as CEO for North America
Feb 4 2008 // BMS, a reinsurance intermediary based in Philadelphia, has appointed James T. Buysse as chief executive officer of its North American operations, BMS Intermediaries, Inc. Buysse will be based in Philadelphia and will...
USI Acquires Conn.’s Webster Bank Insurance Brokerage
Feb 4 2008 // USI Holdings Corp. has acquired Webster Insurance, Inc., from Webster Financial Corp., the holding company for Webster Bank, N.A. The parties also signed marketing agreement to provide expanded products and services to...
Heath Promoted to Broker in Colemont’s Chicago Office
Feb 4 2008 // Colemont Insurance Brokers recently announced that Lori Heath has been promoted to the position of broker in the company’s Chicago office. “As a broker, Lori will be able to serve our agents more...
IBA West Installs New Officers
Feb 4 2008 // H. Scott Kerns, president of Bay Risk Insurance Services of Alameda, Calif., was installed Friday as president of the Insurance Brokers & Agents of the West during the association’s 2008 Annual Business...
How E&S Brokers Thrive and Survive in Today’s Soft Market
Feb 1 2008 // For excess and surplus lines brokers, identifying available insurance markets not sought by the standard market may be the key to surviving and thriving in the soft market. The answer to growth in a soft market is simple,...
N.Y. Agents and Insurers Laud Workers’ Comp Loss Cost Rating Bill
Feb 1 2008 // New York State agents and insurers praised the passage late last month of a key workers compensation reform that will extend the rate-making authority of the New York Compensation Insurance Rating Board, and move the...
Canadian Ski Patrol, Insurance Brokers Issue Safety Warning
Feb 1 2008 // In the wake of recent skiing and boarding tragedies, the Canadian Ski Patrol System (CSPS) and the Insurance Brokers Association of Canada (IBAC) are advising Canadians to take precautions when skiing and riding this...
China’s CNinsure Buys Majority Interests in 2 P/C Insurance Agencies
Feb 1 2008 // CNinsure Inc., a leading independent insurance agency and brokerage company operating in China, is acquiring majority interests in Changsha Lianyi Insurance Agency Co., Ltd. (Lianyi) and Jiangmen Fanhua Zhicheng Insurance...
Wood Gutman & Bogart Open Office
Jan 31 2008 // Calif. Broker Wood Gutmann & Bogart Opens Redlands Office Wood Gutmann & Bogart Insurance Brokers, based in Tustin, Calif., announced that it is now the broker of record for Pacific Risk Management and Services...
Colo. Agents Praise Credit Scoring Ban Defeat; Next Up: Wisc.
Jan 31 2008 // As the issue of credit scoring continues to be the subject of state legislative proposals, insurance agents in Colorado are celebrating the defeat of a bill that would have prohibited property/casualty insurers from using...
Farmers to Add 400 Agents in Wis.
Jan 31 2008 // Farmers Group Inc. says it plans to recruit and train 400 new agents in the Milwaukee and Madison areas in an expansion that the insurer says could ultimately create 1,000 new jobs in Wisconsin. The company will invest...
Chartwell Expands with New Arizona Office
Jan 30 2008 // Chartwell Independent Insurance Brokers, LLC, a Los Angeles-based wholesale and specialty insurance broker focusing on high-risk, hard-to-place coverage, has opened a new office in Scottsdale, Ariz., to help meet the...
Arthur J. Gallagher to Sell Reinsurance Unit, Ireland Brokerage; Layoff 400
Jan 30 2008 // Itasca, Illinois-based insurance brokerage Arthur J. Gallagher & Co. reported a drop in profit for the fourth quarter and announced it would sell its global reinsurance operation and its small Ireland-based wholesale...
Pa. Court Upholds Rights of Terminated Insurance Agents
Jan 29 2008 // A new decision by a Pennsylvania court could have far-ranging implications on what happens to an insurance agency’s book of business if a carrier terminates its contract. The decision, rendered last week by Judge...
InsuranceLeadz.com Verifies Customer Data Through New LeadReady™ System
Jan 29 2008 // Columbus, OH, Jan 29 2008 – InsuranceLeadz.com, Inc. has just launched a new comprehensive lead verification service called LeadReady™. LeadReady™ allows InsuranceLeadz.com to instantly review and check every...
10 Tips for Mass. Insurance Agents Moving into Competitive Market
Jan 29 2008 // Massachusetts independent agents are facing a challenge to hang onto their whopping 86 percent market share in personal lines as the state embarks upon a new competitive auto insurance system that will bring some of the...
AIG Pays $12.5M to Settle with States Over Bid-Rigging Allegations
Jan 29 2008 // American International Group, Inc. (AIG) confirmed today that it has reached settlements with nine states and the District of Columbia relating to their investigations into alleged bid-rigging and price-fixing and...
Willis to Broker Airbus China Assembly Plant
Jan 28 2008 // EADS, the European consortium that designs and builds the Airbus coimmercial aircraft, has selected Willis Group Holdings as the insurance broker for a new Airbus A320 final assembly line in Tianjin, China – the...
Pa., Del., Md. Agent Group Offers Members Human Resources Tool
Jan 28 2008 // Independent insurance agents in Delaware, Maryland and Pennsylvania now have access to a five-component, Web-based resource created to simplify agency management. The HR Solution includes an audit survey, employee handbook...
People
Jan 27 2008 // Swett & Crawford appointed Meredith Dyson as senior vice president. Dyson, who will assist the company with its marketing efforts and other related activities, will be based in New York. Most recently, Dyson was with...
