Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Agent Enters ‘No Contest’ Plea in W. Va.
Feb 7 2005 // A former insurance agent in Charles Town, W. Va., has entered a “no contest” plea to charges involving money allegedly “withheld, misappropriated or converted to his own use” in his insurance...
Fla. Agent Fled to Ga., Apprehended
Feb 7 2005 // A Florida insurance agent who allegedly failed to place auto and general liability coverage for at least 11 trucking companies has been apprehended in Georgia. Kim Laustra, 43, who was an agent at Transportation Insurance...
Insurance Agents E&O: Are YOU Properly Covered’
Feb 7 2005 // Have you heard the story of the shoemaker’s children? Although their father was a shoemaker, they always had the most worn shoes. The reason is their father spent so much time and effort taking care of his customers;...
N.C. Price-Fixing Investigated
Feb 7 2005 // North Carolina insurance regulators, under the direction of Insurance Commissioner Jim Long are investigating as many as 10 insurance companies to determine if they conspired in a price-fixing scheme. The Insurance...
Lessons Learned from a Cherry Red Car
Feb 7 2005 // The last Oldsmobile, painted a commemorative dark cherry red, rolled off the assembly line in April 2004. During its 107-year history, the company produced more than 35 million cars and pioneered innovations like...
Leave the Fraud on ‘Law and Order’
Feb 7 2005 // Okay, I admit it: I’m a “Law and Order” junkie. The long-running television show’s reruns are in heavy rotation on the TNT network and I think I’ve seen every ripped-from-the-headlines episode...
IIAT SAYS COMPENSATION STUDY FLAWED:
Feb 7 2005 // The Independent Insurance Agents of Texas strongly denounced as inaccurate and misleading, the claims made against independent agents and brokers by the Consumer Federation of America (CFA), a Washington-based consumer...
Crossing the Border: Mexico Travel Offers Opportunities for Agents
Feb 7 2005 // Mexico is a country rich in cultural heritage and scenic landscapes. From colonial villages to majestic desert panoramas to pristine beaches, our bordering neighbor to the south offers something for everyone. Steeped in...
Crossing the Border: Mexico Travel Offers Opportunities for Agents
Feb 7 2005 // Mexico is a country rich in cultural heritage and scenic landscapes. From colonial villages to majestic desert panoramas to pristine beaches, our bordering neighbor to the south offers something for everyone. Steeped in...
Industry Responds to Relief Efforts for Southeast Asia Tsunami Victims
Feb 7 2005 // The Southeast Asia tsunami disaster has affected the lives and hearts of people throughout the world. What can only be described as one the worst natural disasters in history has led to an estimated death toll of 226,000,...
A Brief History of Contingent Commission Agreements
Feb 7 2005 // Contingent commissions first appeared in the 1960s when claims were rising much faster than the rate of inflation and insurance companies cut agent commissions on premiums. To make up for this loss of revenue, carriers...
Calif. Appeals Court Dismisses Claims of Former State Farm Agents
Feb 7 2005 // A California appellate court in San Francisco dismissed the claims of two former State Farm insurance agents in a lawsuit filed against the giant insurer over wrongful termination. The court also ordered a new trial in the...
Agent’ Or Broker’ Consumer Choice Dictates Disclosure
Feb 7 2005 // What Eliot Spitzer has done within the insurance industry should be entered on the positive side of the ledger. While much of the follow-up has driven up expenses and slowed down the inner workings of insurance carriers,...
2 Ill. Agents’ Licenses Revoked for Fraud
Feb 3 2005 // The Illinois Division of Insurance revoked the insurance producer license two agents recently for fraudulent activities. Lynette J. Perkins of LaSalle, Ill., had been licensed to sell accident and health insurance since...
Big ‘I’ Pushes Class Action Legislation
Feb 3 2005 // The Independent Insurance Agents & Brokers of America (the Big “I”) said it is pleased the House of Representatives is moving forward on legislation to reform the nation’s class-action litigation...
PCI Urges Nev. Redraft of Broker Regulation
Feb 3 2005 // The Property Casualty Insurers Association of America (PCI) is urging Nevada’s Division of Insurance to redraft a proposed regulation so that the regulation focuses on reasonable and meaningful disclosure of broker...
N.Y. Insurance Department Questioned Contingent Fees Years Before Spitzer Investigation Made Headlines
Feb 3 2005 // While it did not begin boiling over until last October when charges were brought against Marsh, the controversy over brokerage contingent fees has actually been simmering for more than a half dozen years in New York...
Alliance Responds to Lawsuit Aimed at Agent/Broker Contingency Commissions
Feb 2 2005 // The American Agents Alliance, representing over 2,000 independent agents and brokers in California and Arizona, criticized attorney Norman Goldman for filing an amendment to a compliant he filed in 2003 against Aon...
Whitley Joins Lockton Insurance Brokers
Feb 1 2005 // San Francisco-based Lockton Insurance Brokers, the nation’s largest independently owned insurance broker, has named Roger Whitley, vice president, Claims manager. He will be based in Lockton’s San Jose...
Pagoumian Named President of Napco
Feb 1 2005 // Napco LLC, a New Jersey-based wholesale property and casualty broker, announced the appointment of David Pagoumian as president and chief operating officer. Pagoumian will be responsible for the operation and direction of...
