Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Hurricanes Katrina and Rita spawn legislation, bulletins in Miss. and La.
Sep 4 2006 // Hurricanes Katrina and Rita exposed many misconceptions and misunderstandings that consumers had, or claimed to have had, with respect to their insurance coverage for hurricane related damage. The aftermath of these two...
What the West Coast can learn from the Gulf Coast
Sep 4 2006 // One year after Hurricane Katrina, the insurance industry says that nearly 95 percent of homeowners insurance claims have been settled. Insurance companies have paid billions in storm damage claims, and the vast majority of...
Rates are softening
Sep 4 2006 // As the surplus lines world turns to another year of soft market conditions, specialists and innovators may be the ones to survive as increasing competition intensifies, according to excess and surplus lines brokers,...
Also, Phillip Hill was elected chief financial officer and vice president of operations. Hill has been part of Ogilvy-Hi
Sep 4 2006 // People Ogilvy-Hill Insurance elected Mark Shipp president and CEO. Shipp has been with Ogilvy Hill for 11 years. In addition to his new role as president/CEO he will continue to build new relationships in the field. The...
Know thyself; insure thyself
Sep 4 2006 // As we know, errors and omissions insurance is intended to cover professionals, including insurance brokers and agents, for their professional mistakes. Businesses that make recommendations or provide clients with solutions...
First post-Katrina court decision a victory for insurers
Sep 4 2006 // On Aug. 15, 2006, a decision was handed down in the first post-Katrina insurance lawsuit to go to trial. Because there are thousands of lawsuits raising the same claims with millions, if not billions, of dollars at stake,...
Higher office
Sep 4 2006 // The race to succeed Eliot Spitzer, recognized thorn in the side of the insurance industry, as New York attorney general is underway. Five candidates are running. Four Democrats, all public sector professionals, are vying:...
Court: Pennsylvania agents have no duty to inspect flood risks
Sep 4 2006 // Insurance agents and insurers in Pennsylvania were breathing a sigh of relief following a court ruling that says agents do not have a duty to inspect all properties before binding or renewing flood insurance coverage. Had...
Mass. agents cautious on assigned risk plan
Sep 4 2006 // Massachusetts Insurance Commissioner Julianne Bowler has been given the green light by the state’s high court to proceed with installing an auto insurance assigned risk plan and she appears intent on doing so. On...
The Mass. liquor JUA serves up misleading market information
Sep 4 2006 // As a managing general agent for liquor liability insurance for over 20 years, I took great interest in a recent article in Insurance Journal entitled, “Raising the bar on liquor liability training.” (See...
Navigating Washington’s business and occupation tax tangle
Sep 4 2006 // Washington State’s current business and occupation (B&O) tax laws operate under a unique structure that can confuse even the most astute insurance agent or company. Harbored within this structure is the question...
Associations oppose eliminating contingent commissions
Sep 4 2006 // The attorneys general of New York, Connecticut and Illinois are continuing their fight against anti-competitive practices in the insurance industry. In doing so, they have been finding fault with contingent commissions...
Declarations
Sep 4 2006 // No requirement “Although the court concluded that the commissioner has the authority to implement an assigned risk plan, the decision by no means requires her to do so.” James A. Ermilio, executive vice...
People
Sep 4 2006 // SeibertKeck Insurance Agency Inc., based in northeast Akron, Ohio, has announced the appointment of Craig A. Hassinger to the position of president of the organization. He will report to Chairman and CEO Richard...
Montgomery Insurance Rolls Out Streamlined Commercial Pricing
Sep 1 2006 // Appointed agents of Montgomery Insurance, a member of Liberty Mutual Group, can now get faster and more precise quotes with the implementation this month of the Commercial IQ SmartRisk underwriting and pricing system for...
Ill. A.G. Sues Companies for Deceptive Mailers for Annuity Sales to Seniors
Sep 1 2006 // Illinois Attorney General Lisa Madigan announced her office filed two lawsuits against companies that allegedly used deceptive, unsolicited mailers to target senior citizens. The companies used the mailers to obtain...
Pa. Agent Accused of Stealing Premiums to Gamble Online
Aug 31 2006 // Criminal charges have been filed against a Potter County, Pa. insurance agent who is accused of stealing more than $21,000 in insurance premiums from clients for online gambling and other personal uses, according to...
Drive Insurance Survey Asks Young Agents Their View on Industry Challenges, Opportunities
Aug 31 2006 // The future of any industry, including the independent insurance agency system, depends on the successful development and advancement of today’s young professionals. One event designed to help young agents master the...
SyMplify Launches OneApp for Agents
Aug 31 2006 // Brentwood, Tenn.-based SyMplify Technologies, a division of Sy.Med Development, Inc., has launched a new software solution, OneApp Agency, designed specifically for the unique needs of insurance agents and brokers. OneApp...
Texas Agents’ Group Testifies Before Committee on Windstorm Coverage
Aug 31 2006 // Independent Insurance Agents of Texas announced it has proposed a set of guiding principles before the Texas Legislature’s Joint Committee on Windstorm Coverage and Budget Impact during a public hearing in Corpus...
