Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Willis Acquires Norway Broker Link
Jul 7 2006 // Global insurance broker Willis Group Holdings Limited has entered into a contract to purchase Link Forsikringsmegling AS, described as “the leading insurance broking and employee benefit business in Oslo” with...
Ill. Attorney General Sues Liberty Mutual for Alleged Bid-Rigging
Jul 7 2006 // Illinois Attorney General Lisa Madigan filed a lawsuit against Liberty Mutual Insurance Company and seven affiliates, alleging that the company and its affiliates participated in a bid-rigging and business-steering...
Mercator Risk Adds Assistant Vice President in Midwest
Jul 7 2006 // New York-based Mercator Risk Services, a specialty wholesale insurance broker, has added Julie Courcelle Lewin to its expanding Midwest Casualty Practice as an assistant vice president. Prior to joining Mercator, Lewin...
TWIA Reminds Agents of Binding Procedures, Sept. 1 Rate Increases
Jul 7 2006 // The Texas Windstorm Insurance Association posted a bulletin on its Web site to assist agents with its coverage binding procedures in the event a hurricane threatens the Texas coast. TWIA said no new or additional coverages...
Hub Acquires Quebec Broker AssurConseil
Jul 6 2006 // Chicago-based Hub International Limited has acquired AssurConseil, S.E.N.C., a Montreal-based insurance broker with both general lines and trucking expertise. “The 39-employee organization will add approximately...
Texas Mutual Pays $220K Dividend to Social Services Agencies of Texas
Jul 6 2006 // Texas Mutual Insurance Company announced a $220,430 dividend for the Social Services Agencies of Texas (SSA) purchasing group. The group dividend is separate from the approximately $100 million in individual dividends that...
California Revises Proposed Mileage Verification Regulations
Jul 6 2006 // The California Department of Insurance has revised its proposed “odometer verification” regulations, deleting provisions that would have authorized insurers to require agents to verify the mileage if they met...
Former W.Va. Agent Pleads Guilty to Embezzlement
Jul 5 2006 // A former Montgomery, W.Va. insurance agent has pleaded guilty to one count of embezzlement. Brenda G. Valentine was scheduled to go to trial in Fayette County Circuit Court June 30 on six felony counts, four of forgery and...
La. Insurance Broker Hit With Federal Tax Evasion Charges
Jul 5 2006 // An insurance broker indicted for his alleged role in a kickback scheme involving the Orleans Parish School Board has been hit with new charges of federal tax evasion. Glenn Davis, 53, operator of Century Insurance Agency,...
Puerto Rico Appeals Window on Countersignature Law Expires
Jul 5 2006 // The Commonwealth of Puerto Rico failed to file a timely appeal of a ruling by the U.S. Court of Appeals for the First Circuit, meaning an earlier federal court decision striking down Puerto Rico’s controversial...
St. Paul Travelers’ Quick Quote
Jul 4 2006 // St. Paul Travelers launched “Quick Quote,” an online rating tool that provides quoting and binding capabilities for standalone equipment breakdown insurance. It provides new business equipment breakdown...
Target Markets Mid-Year Meeting
Jul 4 2006 // Program administrators, painfully aware how difficult it can be to get insurance companies to sign on, improve their chances of program success when they tell the complete story of their operations and history, including...
The right time to begin
Jul 4 2006 // Nearly five years ago, a group of program specialists gathered in Tempe, Ariz., for the first summit meeting of a budding industry organization called the Target Markets Program Administrators Association. The brainchild...
Making the Grade in Agency Diagnostics
Jul 4 2006 // As individuals, the easiest way to see how well you are performing is to compare yourself to others. We all do it from time to time. Likewise, with businesses, comparisons are a very useful tool to check performance. The...
People
Jul 3 2006 // The National Association of Insurance Commissioners unanimously elected New Hampshire Insurance Commissioner Roger Sevigny as secretary-treasurer of the association at the NAIC summer meeting last month in Washington. D.C....
News Currents
Jul 3 2006 // The virtual, global economy challenges, humbles insurance leaders Insurance agents and executives have a lot to worry about as the fast-paced virtual economy takes hold. According to futurist Edie Weiner, they are right to...
Federal insurance antitrust exemption: Insurer, consumer friend or foe?
Jul 3 2006 // Congress opened debate on the insurance industry’s exemption from federal antitrust laws, with some larger insurers indicating a willingness to relinquish the exemption in exchange for regulatory reform that would...
News Currents
Jul 3 2006 // Mass. agents seek 4% auto pay raise Massachusetts independent insurance agents have filed for a four percent hike in the commission they receive on private passenger auto insurance polices. If approved by Insurance...
