Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Rates Hold Steady at 9 Percent for March
Apr 12 2004 // MarketScout (www.marketscout.com) recently released its industry barometer for March 2004. According to Richard Kerr, chairman and CEO, “Rates are holding steady at 9 percent for the month of March. In a related...
Willis to Buy 50% of Leading Chinese Broker
Apr 9 2004 // Global brokerage Willis Group Holdings announced that it has received approval from the China Insurance Regulatory Commission to complete the purchase of a 50 percent equity stake in Shanghai Pudong Insurance Brokers Ltd.,...
IBC Reports Drop in N.B. Facility Ass’n. Insureds
Apr 8 2004 // A bulletin from the Insurance Bureau of Canada (IBC) notes that the insurance industry has moved about 2,000 drivers from New Brunswick’s high-priced Facility Association (a type of assigned risk plan) in March. At...
Big I, Fireman’s Fund Offer Nonprofit D&O Market
Apr 8 2004 // Fireman’s Fund is offering two nonprofit director and officer (D&O) liability insurance products to Independent Insurance Agents and Brokers of America (IIABA) members in states where the online market access...
CIAB Proceeds to Dismiss W. Virginia Lawsuit Following State Overturn of Counter-Signature Statute
Apr 8 2004 // The Council of Insurance Agents & Brokers (CIAB) reported it will dismiss its federal lawsuit challenging West Virginia’s counter-signature requirements for out-of-state insurance brokers because the state has...
Three New Wholesale Brokerages Join IMK Environmental Insurance Network
Apr 8 2004 // IMK Services announced that three new wholesale brokerages have joined the IMK Environmental Insurance Network The new members of the include: · Agency Intermediaries Inc. · Jimcor Agencies Inc. · Travis-Pedersen and...
PIAPAC Names Neb. Agent Its Person of the Year
Apr 7 2004 // The Professional Insurance Agents Political Action Committee (PIAPAC) has named Carter A. “Cap” Peterson of Wayne, Neb., as its 2004 person of the year. Peterson is a national director of the National...
Fla. Association of Insurance Agents Chooses ACE USA as Exclusive Provider of International P/C Insurance
Apr 7 2004 // ACE US International, a division of ACE USA, the U.S.-based retail operations of The ACE Group of Companies, announced that it has been selected as the exclusive provider of global programs and specialty insurance coverage...
Bush Campaign Manager to Address Young Agents
Apr 6 2004 // Ken Mehlman, Bush-Cheney re-election campaign manager and political expert, will speak to young agents at the Independent Insurance Agents & Brokers of America’s annual National Legislative Conference, Young...
Zurich Introduces Medallion Agent Program
Apr 6 2004 // Zurich’s Small Business group announced the launch of its Medallion Agent Program, designed to recognize and reward the most profitable and productive agencies with financial incentives, increased authority and...
SIAA Prepares for Annual Meeting in Boston
Apr 6 2004 // The Strategic Independent Agents Alliance (SIAA) will hold its 17th Semi-Annual Master Agency and Strategic Partner Companies and Vendors Business Meeting April 15-17 at the Marriott Copley Hotel in Boston. SIAA held its...
Trusted Choices
Apr 5 2004 // To regulate more or less? That was the question posed to the public by the people at the Harris Poll. Health insurance, managed care, pharmaceuticals and the oil industry top the list of industries the public feels need...
How Healthy is the Mass. Auto Market’
Apr 5 2004 // In a state where independent agents write 80 percent of private passenger auto insurance, agents are worried about attracting more capital. While thinking about this question, consider the following facts: only 19...
The Two Faces of Automation
Apr 5 2004 // An interesting event happened at a recent strategic planning session with a client. Action items for each department were being discussed. What stood out was that the majority of the action items had a heavy reliance for...
Eleven Good Reasons to Reassign a Commercial Lines Account
Apr 5 2004 // In most offices, it’s easier to get a bone from a starving dog than it is to take a commercial account from an agency producer. That’s because the current producer is always the executive on a business account...
Up for Sale: Success in Today’s Homeowners Market
Apr 5 2004 // States show signs of stability, but problem areas remain Despite continuing availability issues and sky-high loss ratios, the U.S. homeowners market is stabilizing as a whole. Of course, most industry observers who make...
Science, Technology Deal a Tough Hand in Agribusiness Market
Apr 5 2004 // From chicken to fish farms, orange groves to bean stocks, the agribusiness market has high-stakes for farmers, agents and insurers. Changing trends, additional exposures and advanced technology comparable to “Buck...
Ten Tips to Improve a Contractor’s Surety Program
Apr 5 2004 // In today’s tight market, it’s becoming harder and harder for contractors to secure the bonds they need. Whether they are a small operation starting out, or an established leader—chances are they have found it...
Science, Technology Deal a Tough Hand in Agribusiness Market
Apr 5 2004 // From chicken to fish farms, orange groves to bean stocks, the agribusiness market has high-stakes for farmers, agents and insurers. Changing trends, additional exposures and advanced technology comparable to “Buck...
Agents Cry Foul Over Crop Insurance Premium Discounts
Apr 5 2004 // Independent agents are up in arms over the federal government’s decision to expand a pilot program they say threatens to cut them out of the crop insurance loop. The Risk Management Agency (RMA), the U.S. Department...
