Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Are You Stuck with Your Head in the Sand’
Sep 6 2004 // You have probably seen property values in your community rise considerably over the last several years. As a seasoned insurance agent you know that market value is different than replacement value, but you still have an...
Dual Hurricanes Will Challenge Claims Handling Process
Sep 3 2004 // The historic one-two punch of Hurricanes Frances and Charley will make the claims handling process in Florida more difficult, but still manageable, according to the Insurance Information Institute (I.I.I.) The I.I.I....
Ala. Broker, Agent Agree to Plea Deal for Scam
Sep 2 2004 // Two insurance salesmen who admitted giving bribes for government business in Cherokee County, Ala., agreed to plead guilty and paid more than $125,000 in restitution for the scam, which could result in additional charges,...
L.A. Broker Sentenced for Insurance Premium Theft
Sep 2 2004 // On Aug. 31, Lory Caballero, of Eagle Rock, Calif., a licensed insurance agent and owner of L.C. Insurance Agency, was convicted of one count of felony grand theft. She was sentenced to five years of formal probation, 20...
Fla. Agent Facing Felony Fraud Charges
Aug 31 2004 // A Windermere, Fla. insurance agent who allegedly forged customers’ signatures and manipulated their trust to take out personal loans and earn fraudulent commissions may have scammed several Orange County residents...
Mass. Agents Seek Auto Commission Boost
Aug 30 2004 // The Massachusetts Association of Insurance Agents (MAIA) has filed for an average agency commission on private passenger auto insurance of $150.84 per vehicle, a 32 percent increase from the current $114 average. MAIA...
CII Notes Agenda for Annual Conference
Aug 30 2004 // The U.K.’s Chartered Insurance Institute (CII) will focus on the future for brokers when it convenes its annual Insurance & Financial Services Conference at the Convention Centre in Birmingham the 29 September...
Louisiana Agent Arrested for Alleged Fraud
Aug 30 2004 // The Louisiana State Police Fraud Unit arrested a Leesville, La., insurance agent and Department of Insurance Fraud Unit investigators issued the man a Cease and Desist Order and Summary Suspension of his license for...
CitiGroup, Wells Fargo and BB&T Lead Bank Holding Cos. in Insurance Brokerage Fee Income
Aug 30 2004 // CitiGroup (New York, N.Y.), Wells Fargo & Company (San Francisco, Calif.), and BB&T Corporation (Charlotte, N.C.) lead bank holding companies in insurance brokerage fee income year-to-date through June 30, 2004,...
New Public Sector Brokerage Entity Formed
Aug 30 2004 // Insurance Office of America (IOA) has announced the formation of Public Entities of America (PEA), a subsidiary operation specializing in insurance and risk management services for the Public Sector. PEA will service state...
AMC Buys Arizona Insurance Brokers Assets
Aug 30 2004 // American Management Corporation has recently purchased assets of two Scottsdale, Arizona wholesale insurance brokers, Cargill Sherman and Associates and the Embassy Insurance Group. These assets include insurance renewals...
SEC Fines Seven Regional Securities Brokers
Aug 27 2004 // Seven regional brokerage firms have been fined a total $3.65 million by federal regulators for allegedly failing to disclose that they received payments for issuing research on certain companies. Investment firms are...
PIA Encouraged, But Will Not Endorse SMART Bill
Aug 27 2004 // The National Association of Professional Insurance Agents (PIA) says it is encouraged by the discussion draft of a bill that provides a “road map” for insurance regulatory reform. The draft of the State...
2004 Aon Resource Fair Provides Networking Opportunity, Industry Outlook
Aug 23 2004 // From swapping business cards and ideas to sitting in on panel discussions, attendees at the 2004 Aon Resource Fair in Banff, Alberta, Canada consumed a lot of information in just three days in July. At a panel discussion...
ASPN CEO Says Industry Challenges Can Be Met
Aug 23 2004 // Aon Specialty Product Network (ASPN) President and Chief Executive Officer Jerry Tegan knows that all is not perfect in the insurance world. However, he believes that offering a good listening ear and networking can go a...
Property/Casualty Brokers Let Feedom Ring
Aug 23 2004 // Regulators are putting unwanted attention on commercial insurance broker compensation, but it’s unlikely that compensation plans will move away from the fee-based model the industry has been slowly migrating to the...
Lowering the Bar
Aug 23 2004 // The American Association of Trial Lawyers held its annual convention in Boston early last month. Supreme Court Justice Stephen Breyer was among the speakers. The following is an exchange of e-mails between ATLA and yours...
The Ins and Outs of Errors and Omissions Insurance
Aug 23 2004 // Almost all agents have clients with errors and omissions (E&O) exposure and the most difficult job the agent may have is convincing the client that they have the exposure. After 20 years of selling...
An Industry Icon
Aug 23 2004 // Recently I had the opportunity to interview IBA West vice president and CEO Jerry O’Kane, who is looking forward to a well-deserved retirement on Aug. 31. O’Kane shared with me the many achievements of his...
IIABW TO HOLD ANNUAL CONFERENCE SEPT. 30 – OCT. 2:
Aug 23 2004 // The Independent Insurance Agents & Brokers of Washington will hold its annual conference Sept. 30 – Oct. 2, 2004 at The Davenport Hotel in Spokane, Wash. The conference theme, “Making a Difference,”...
