Latest Agencies Headlines

Wash. Accepts Electronic Agent Appointments, Terminations Through National Database

Aug 24 2005 // Insurers may now reportedly save time by submitting new appointments and terminations for current Washington OIC agents through the National Insurance Producer Registry (NIPR) Gateway. To learn how NIPR works and to review...

CDI to Introduce Third Revision of Broker Fiduciary Regs, Says Alliance

Aug 24 2005 // Although yet to be unveiled, it appears the California Department of Insurance will be introducing the third iteration of its broker fiduciary responsibility regulations. American Agents Alliance Executive Director Ken...

Miami PD Eliminates Its Auto Theft Unit; Area Agents Predict Higher Policy Rates, Increased Thefts

Aug 23 2005 // Insurance agents in Miami and Dade County were dismayed to discover this morning that, “due to manpower shortages” the Miami Police Department has disbanded its Auto Theft Unit. A PD spokesman told the Miami...

Constantini Joins Integro Brokerage as General Counsel

Aug 22 2005 // William P. Constantini has joined the New York-based insurance brokerage firm Integro as general counsel. A corporate attorney for more than 30 years, Constantini most recently was a senior vice president and general...

Ryan, Wheeler Join Burns & Wilcox

Aug 22 2005 // San Diego-based Burns & Wilcox, a specialty insurance wholesaler, underwriter and managing general agent, appointed Nancy Ryan as a commercial underwriter for the company’s San Diego office. As a Burns &...

Lighthouse Underwriters Adds Workers’ Comp to ElderCare Program

Aug 22 2005 // Lighthouse Underwriters LLC (www.lighthouseunderwriters.com), a program underwriting company that works with select industry groups, has expanded its ElderCare insurance program with a new workers’ compensation...

Claims History Model Act Now in Hands of State Legislators

Aug 22 2005 // NCOIL Model Addresses Use of Claims, Inquiries in Underwriting Homeowners Consumers who initiate a homeowners insurance claim but never receive payment could find that single incident may be used by their insurer to cancel...

Brokerage Watch

Aug 22 2005 // Brokerage Watch is a new bimonthly Insurance Journal department written by Charlotte, N.C.-based LMC Capital LLC (www.LMCCapital.com), a national investment banking firm focusing exclusively on the insurance industry....

Seven Steps in Selling Your Agency

Aug 22 2005 // Most agency owners have put their time, energy and heart into building their business. The business is a part of their life. The sale of one’s business is usually a one-time event. It therefore makes sense to take...

FORMER AGENT CHARGED

Aug 22 2005 // Louisiana Commissioner of Insurance Robert Wooley announced that a former insurance producer from Mansura, La., was arrested and issued a cease and desist order for allegedly misappropriating insurance funds. Gordon Mark...

Negotiating the Highs and Lows in the Oil and Gas Market

Aug 22 2005 // Everything’s negotiable. If that’s not the key operational phrase in the oil and gas sector–both in terms of oil and gas production and insuring that risk–then it comes very close. Contracts rule in...

The Four C’s of Risk Management for the Oil and Gas Operator

Aug 22 2005 // In what seems a lifetime of handling risk management and insurance for oil and gas operators (well, I guess it is a lifetime if you are under 35 years of age), I have come to the realization that the functions to protect...

Broker Disclosure Dominates Western States Surplus Lines Conference

Aug 22 2005 // Brokers should disclose contingent commissions and other incentive agreements to consumers, industry experts said at the Western States Surplus Lines Conference held July 24-26 in San Diego. Participants in the...

Former Insurance Broker Pleads Guilty

Aug 22 2005 // The California Department of Insurance announced that Mark Jerome Gentry of Antioch, Calif., entered a guilty plea on June 23, 2005 to multiple counts of grand theft in the Contra Costa County Superior Court. Gentry was...

WIAA SUBMITS COMMENTS ON LATEST GARAMENDI AGENDA PROPOSAL:

Aug 22 2005 // The Western Insurance Agents Association submitted comments to the California Department of Insurance opposing yet another over-reaching proposed regulation impacting the insurance industry. Michael J. D’Arelli, vice...

IIABO TO HOLD 77TH ANNUAL CONVENTION AUG. 28-30:

Aug 22 2005 // The Independent Insurance Agents and Brokers of Oregon have announced the highlights of their upcoming annual convention, “United We Stand.” The event will be held at the Tigard Embassy Suites Aug. 28 to Aug....

Aug 22 2005 // The Independent Insurance Agents & Brokers of New York Inc. recently announced the promotion of six staff members at the statewide trade association, effective Aug.1. IIABNY, which represents more than 18,000...

Editor’s Note: Life Imitates Art

Aug 22 2005 // Just when I thought I was out, they pull me back in!” (Al Pacino as Michael Corleone, Godfather III) In case you haven’t noticed from the accompanying mug shot, I replaced Kevin O’Reilly as Insurance...

Latin Agents Tackle Wind Damage Issues; Explain Confusing Condo Statutes

Aug 22 2005 // Like a hurricane rolling in from the Atlantic, a panel on hurricane insurance claims, moderated by Rudy Valdez-Diaz, a past-president of the Latin American Association of Insurance Agents, went into high-gear during the...

Response to Market, Choosing a Strategy Critical

Aug 22 2005 // The speed at which insurance providers respond to the market is critical and their timing in choosing a strategy is critically important, Dennis Rowe, Penn National CEO, said during the Alabama Independent Insurance...