Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Workers’ Compensation: In-Between the Good, the Bad, and the Injuries
Mar 21 2005 // With overall claims frequency still on the decline and loss costs and rates relatively stable, the state of the workers’ compensation line nationwide continues to show positive signs of improvement. Nevertheless, the...
N.Y. BILL IMPOSES FIDUCIARY DUTY:
Mar 21 2005 // Assemblyman Ryan Scott Karben (D/I-Rockland), a majority member of the New York State Assembly’s Insurance Committee, has introduced a legislative package on agent and broker compensation that would require...
Aon Complaint Memos Reveal Personal Lines Arrangements
Mar 21 2005 // The recent $190 million settlement between the world’s second largest insurance broker, Aon, and officials in three states sheds light on how, as New York Attorney General Eliot Spitzer and other public officials...
ALA., N.C. AGENTS JOIN ASSUREX GLOBAL
Mar 21 2005 // Cobbs Allen & Hall Inc. of Birming-ham, Ala., and Senn Dunn, of Greens-boro, N.C., have been accepted as members of Assurex Global of Columbus, Ohio, a large insurance association designed to specifically serve...
Serving the Friendly Skies
Mar 21 2005 // When the 1970s began, Bill Moloney was afraid of flying. When the 21st century dawned, he had his own aviation brokerage based in an airport and flew his plane as often as he could. Moloney, a self-described...
N.C. Agenda Tight, No Time for Golf!
Mar 21 2005 // I was surprised and impressed by the efficiency and expertise shown by everyone participating in the March 3-6 National Conference of Insurance Legislators meetings in Hilton Head, S.C. When I heard hundreds of...
San Antonio Agents Subject of Fraud Alert
Mar 21 2005 // The Texas Department of Insurance issued a fraud alert pertaining to two San Antonio insurance agencies, The Insurance Center and The Insurance Connection, operating at 539 South General McMullen, 924 S. Zarzamora, and 710...
Roofing Contractors, Workers’ Compensation Insurance and Profits
Mar 21 2005 // Making the Puzzle Pieces Fit Begin a conversation with any roofing contractor with the words workers’ comp insurance and profits in the same sentence and you’ll probably be met with a confused look. By all...
Agents Beware: Due Diligence is Now Required
Mar 21 2005 // Transactions between retail agents and brokers they place business through just became more labor intensive. I recently testified as an expert in a federal case involving a reputable agency’s failure to conduct...
Huge Opportunity Exists In LTC Marketplace For Trained, Savvy Agents
Mar 21 2005 // You may have read about a recent survey–the LTC IQ test–that over 60 percent of respondents failed. Almost 90 percent knew what long-term care was, but over 40 percent thought the government would provide...
<em>BBC</em> Profiles Willis’ CEO Plumeri
Mar 21 2005 // The insurance industry is not particularly well known for its flamboyant personalities. So, when one does emerge, they make news. It’s not too surprising therefore to find Willis’ CEO Joe Plumeri as the subject...
PLUS Symposium: Greater Transparency Will Change the Way Industry Does Business
Mar 21 2005 // Transparency will reportedly bring fundamental changes in how the industry operates, resulting in more open communication between the client, the broker and the underwriter. A change in the dynamics of the business also...
Horton China Desk Offers U.S. Brokers an Option When Placing Coverage in China
Mar 18 2005 // The Horton Group of Orland Park, Ill., has announced a new facility to assist agents and brokers in the United States with placing and servicing property, casualty and employee benefit covers directly into the...
AIIA Conferees Honor Rep. Mike Hill; Attend BBQ at State Legislature
Mar 18 2005 // State Representative Mike Hill, R-Shelby County, was honored by the Alabama Independent Insurance Agents on March 17th as AIIA’s “Lawmaker of the Year” in an award presentation in Montgomery, Ala. to kick...
IRMI Launches New Online Certification for Construction Risk Professionals
Mar 17 2005 // International Risk Management Institute (IRMI) has developed a new insurance designation for insurance agents, brokers, and underwriters who sell construction insurance. The Construction Risk and Insurance Specialist...
A.M. Best Places AIG Ratings Under Review; Other Agencies Respond to Changes at the Top
Mar 16 2005 // A.M. Best Co. has placed the financial strength ratings of member companies of American International Group, Inc. under review with negative implications following their announcement that the chairman and CEO, Maurice...
St. Paul Travelers Revamps Its Small Commercial Insurance Offerings
Mar 16 2005 // St. Paul Travelers is rolling out an enhanced Select Accounts platform for small commercial insurance. The Select platform includes new and expanded products and services designed to re-energize the marketplace for agents...
Conn. Commissioner Cogswell Holds Her Ground in Broker Compensation, Med-Mal Battles
Mar 16 2005 // “I’m willing to meet with just about anyone to sit down and discuss issues. That’s the most effective and efficient way to uncover and deal with problems.” Well, meet with almost anyone. Connecticut...
Capital One Expanding, Plans to Hire 150 New Agents
Mar 15 2005 // Capital One Insurance Services, formerly InsLogic, an insurance broker in Oak Ridge, Tenn. has put out a ‘Help Wanted’ sign and plans to triple its work force. Capital One Insurance was acquired in January by...
AIG Forms One-Stop Construction Insurance Unit
Mar 15 2005 // The domestic brokerage group of the AIG Companies has created AIG Construction Solutions, a consolidated practice that will serve as the central point of contact for domestic brokers and agents placing construction...
