Agencies - Latest Insurance News

Lloyd’s Honors Edwards of HRH, Eyre of Towers Perrin

Mar 1 2006 // Lloyd’s announced that it has honored Garry Edwards of Hilb Rogal & Hobbs as U.S. Surplus Lines Broker of the Year and William H. Eyre, Jr. of Towers Perrin as Reinsurance Broker of the Year, “for their...

Assurex Global Adds Trio of North American Agencies to Group of Partners

Mar 1 2006 // Three North American insurance agencies recently were accepted into the international partnership ranks of Assurex Global, a privately held insurance, risk management and employee benefits brokerage group. The newest...

Survey of Agents Finds No Immediate Crisis in N.Y. Homeowners Market

Feb 28 2006 // The Professional Insurance Agents of New York State Inc. reported that a week-long survey of its members regarding the current conditions of the homeowners market in downstate New York found there is no immediate crisis in...

Ohio Insurance Department Unveils Top 10 Insurance Cases for 2005

Feb 28 2006 // Ohio Department of Insurance Director Ann Womer Benjamin reported the Department’s “Top 10” insurance fraud cases for 2005, which involved a total of more than $5.5 million. The Department reorganized its...

W.Va. Big ‘I’ Hears About Workers’ Comp Status, Disaster Tips

Feb 28 2006 // The status of the Insurance Commission was recently discussed by Commissioner Jane Cline and J. David Daniel, a member of the Big ‘I’ executive committee gave tips about how independent insurance agents can...

N.Y. Homeowners Insurance Market: Strong or Weak?

Feb 28 2006 // New York’s homeowners insurance market is either strong, stable or fragile depending upon whether the speaker is an agent or an insurer. Also, Allstate Insurance Co.’s decision to limit its business in eight...

Broker Lockton’s N.Y. Retail Office to be Run by Former Aon, Willis Execs

Feb 28 2006 // Lockton Companies, Inc., the Kansas City, Mo.-based privately owned insurance broker, has opened a New York retail office, vowing to target complex middle-market clients and take a focused approach towards the Fortune 1000...

Big ‘I’ Summarizes Pending Ga. Bills

Feb 27 2006 // The Independent Insurance Agents of Georgia are keeping track of a number of issues now before the Georgia Legislature. A proposal by Insurance Commissioner John Oxendine to reduce the state’s premium tax has been...

NCOIL Panel Emphasizes Up-to-date Building Codes, Disaster Mitigation

Feb 27 2006 // Sound, up to date and successful building codes are essential for construction, but codes must also be enforced and continuously updated to effectively contribute to disaster mitigation, according to Leonard C. Brevik,...

Capsized N.Y. Tour Boat’s Insurance Broker Focus of 3-State Probe

Feb 26 2006 // Regulators in three states are investigating whether companies in London and Miami sold a fraudulent insurance policy to the owner of a tour boat that capsized on a New York lake and killed 20 elderly tourists, a Detroit...

Scoliosis Treatment Center Owner Charged with Fraud in La.

Feb 24 2006 // Louisiana Attorney General Charles C. Foti, Jr., reported that Arthur Copes, 5710 North Shore Drive, Baton Rouge, La., surrendered to Attorney General Special Agents on 117 counts of insurance fraud for his alleged...

Eight States Targeted For Smart Choice® Expansion

Feb 24 2006 // Greensboro, North Carolina – The Smart Choice® Agents Program, which currently serves more than 2,100 independent agencies in 18 states, has announced plans to expand the program in eight states this year. According...

Former Calif. Life Insurance Agent Convicted for Faulty Notes

Feb 23 2006 // California Insurance Commissioner John Garamendi has announced the conviction of former life insurance agent Bassem Btadini, 51, also known as Bob Btadini. Btadini entered a no contest plea and was convicted of five...

Hurricane Experts: Prepare Now With Backup Systems, Make Sure They Work

Feb 23 2006 // Emergency officials and hurricane experts pointed out essential steps agencies should take to prepare for the hurricane season which begins in 90 days: Have a backup system up and running, and perform regular checks to...

AIIA Supports Alabama Insurance Fraud Bill HB627

Feb 22 2006 // Alabama HB627, defining insurance fraud and making it easier for Insurance Commissioner Walter A. Bell to join in with neighboring states to crack down on fraud, has gained the support of the Alabama Independent Insurance...

Texas Combined Agents Produce More Than $326M in 2005

Feb 21 2006 // Combined Agents of America, LLC (CAA), based in Austin, Texas, announced it achieved over $326 million in combined property and casualty premiums for 2005 when the board of members recently convened. The 33 member agencies...

Real-time has come

Feb 20 2006 // Imagine going online to receive competing rates for an account from multiple carriers just once. No more logging onto to individual company sites, with their separate logons and passwords, and re-entering data at every...

When the nonprofit insurer is itself a nonprofit

Feb 20 2006 // Over the years, many a vexed property casualty insurance company executive has joked about his firm being a nonprofit, blaming pricing regulation, market cycles, high loss ratios, low investment income or some combination...

Time for real-time has come