Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Mass. Insurance Agents Prepare for Big Event
Nov 12 2004 // Massachusetts insurance agents are set to convene beginning this weekend for the Big Event, the annual convention and trade fair of the Massachusetts Association of Insurance Agents. The event runs Nov. 13 through Nov. 16...
Canadian Insurance Industry Announces Disclosure Plan
Nov 12 2004 // The Insurance Bureau of Canada today revealed details of a plan to provide enhanced clarity and access to information in insurance sales and service. Components of the plan include a Code of Consumer Rights and...
Senate Hearing Set for Nov. 16 on Commercial Brokerage Controversy
Nov 12 2004 // Marking the first formal congressional inquiry since allegations of abuse in the commercial insurance brokerage industry emerged last month, U.S. Senator Peter Fitzgerald (R-Ill.) will chair a Senate subcommittee oversight...
Ill. DOI Sets Up Broker Fee Hotline
Nov 11 2004 // The Illinois Division of Insurance announced it is asking for help from Illinois consumers who have concerns about their business dealings with insurance brokerage firms, in light of the Marsh allegations. This information...
Fla. Investigation: Brown & Brown Says It Carefully Monitors Brokers
Nov 10 2004 // Brown & Brown Inc. is confident that twin investigations of the insurance industry by Florida officials will reveal no wrongdoing by the Daytona Beach-based company or its brokers, its president says. Jim Henderson,...
CIAB Makes Recommendations on NAIC Proposed Compensation Regulation
Nov 10 2004 // In a letter to the National Association of Insurance Commissioner President, Diane Koken, who also serves as the commissioner of the Pennsylvania Insurance Department, the Council of Insurance Agents & Brokers...
Ga. Commissioner, PIA Discuss Compensation Issues
Nov 10 2004 // Compensation issues that have been raised in the wake of the recent actions by New York Attorney General Eliot Spitzer were discussed recently by Georgia Insurance Commissioner John Oxendine, Len Brevik, executive vice...
Executive Finance Offers New Policy Finance Program
Nov 9 2004 // Chatsworth, Calif.-based Executive Finance Inc. recently announced a new policy finance program that pays agents a $30 bonus for each policy financed. Agents and brokers have discovered that offering premium financing to...
XL to Offer $650 Million in Senior Notes; Rating Agencies Assign ‘A’ to Issue
Nov 9 2004 // Bermuda’s XL Capital Ltd. announced plans to sell up to $300 million of senior notes due 2014 and up to $350 million of senior notes due 2024, pursuant to the company’s currently effective shelf registration...
Fla. Agent Faces Charges For Misappropriating Funds
Nov 9 2004 // A Wauchula, Fla. property insurance agent who served customers in Hardee, Polk and DeSoto counties is facing several felony charges stemming from allegations that he stole insurance premiums from homeowners and never...
Is Big Brother Good for the Industry’
Nov 8 2004 // Some drivers in Minnesota will soon have an added passenger in their cars: their insurance company. Progressive Insurance Co. is using so-called “black box” technology to offer drivers discounts based on how...
The Feds are Endangering Future of Crop Insurance
Nov 8 2004 // Ten years ago, the Federal Multi-Peril Crop Insurance Program covered fewer than 100 million acres of U.S. farmland. That number has more than doubled since 1994, and today it is close to 220 million acres. This is...
P/C Agents Errors & Ommissions
Nov 8 2004 // Nuts & Bolts: Rockwood Programs expanded its existing property and casualty agents errors and omissions program. Coverage is now available in all 50 states and the District of Columbia. The core program, called the...
Spitzer Effect Could Backfire
Nov 8 2004 // Hurricanes, tornadoes, floods caused a tumultuous summer and shaky fall for the insurance industry, but no one could have predicted the results of Eliot Spitzer’s investigations in New York, which now threaten to...
NAIC Conference Call Places State Insurance Investigations on Hold
Nov 8 2004 // State insurance commissioners in the southeast and across the United States consulted in a conference call the week after New York Attorney Gen-eral Eliot Spitzer made allegations of rigged bids and price-fixing among...
Agents Watching Spitzer Broker Fraud Charges Closely
Nov 8 2004 // New York Attorney General Eliot Spitzer’s filing on Oct. 14 of charges against giant insurance broker Marsh for alleged commercial account steering and bid rigging has already had significant impact on Marsh and is...
Big ‘I’ Panelists Concerned About Terrorism, Asbestos, Tort Reform
Nov 8 2004 // Terrorism, asbestos and tort reform will be key industry concerns according to five insurance company CEOs participating in a panel discussion during last month’s Independent Insurance Agents & Brokers of...
ASCnet Conferees Hear How to Manage a Profitable Business
Nov 8 2004 // The latest technologies to allow independent agents and brokers to efficiently manage and ensure a profitable business were presented to more than 1,800 conferees attending the Applied Systems Client Network’s...
Big ‘I’ Takes Proactive Approach to Issues in the Spitzer Investigation
Nov 8 2004 // By now, you probably are aware that insurance broker Marsh & McLennan Companies Inc. and Marsh Inc. (collectively Marsh) were sued in New York on Oct. 14 based on allegations of engaging in certain illegal business...
Industry in the Bull’s Eye
Nov 8 2004 // In the days after New York Attorney General Eliot Spitzer filed a civil lawsuit against insurance broker Marsh & McLennan Companies Inc. for alleged commercial account steering and bid rigging, the insurance industry...
