Agencies - Latest Insurance News

The Hartford Able to Handle Commercial Lines Scheduled Items in AMS-Generated Excel Stream

Mar 14 2003 // The Hartford Financial Services Group has sped up the process for AMS systems users to handle large amounts of schedule data as part of the application and rating process for middle market business. A provider in using...

Former NY Insurance Agent Arrested for Stealing Investment Money from Elderly Clients

Mar 14 2003 // New York State Insurance Department Superintendent Gregory V. Serio announced the arrest of Ted F. Cook, 50, a former insurance agent formerly employed by Legend Equities Corporation on charges of fraud and grand larceny...

Kentucky DOI Warns Agents About Potential Loss of License

Mar 13 2003 // The Kentucky Department of Insurance issued a warning to agents that due to widespread non-compliance with renewal and address change requirements, many are facing loss of their authority to do business in the...

Lloyd’s Awards U.S. Brokers; Accredits New Asian, 2 London Brokers

Mar 13 2003 // Lloyd’s of London announced that Constance Curnow of Guy Carpenter and Gerald J. Sullivan of The Sullivan Group are the first brokers to win the Lloyd’s U.S. Broker Awards. The awards for U.S. Reinsurance...

E&O

Mar 12 2003 // Nuts & Bolts: E.L.M. Insurance Brokers announced a new errors & omissions program for agents. Managing general agents and wholesalers are also acceptable in the program. New agents/agencies will be considered...

PIANJ Wins First Battle to Protect Agents’ Ownership Rights

Mar 11 2003 // The Professional Insurance Agents of New Jersey Inc., announced that it has “won a victory for small business owners throughout the state as the Assembly Banking and Insurance Committee unanimously released a bill,...

XDimensional Technologies to Integrate FSC Rating Data with Nexsure

Mar 10 2003 // XDimensional Technologies, Inc. (www.xdti.com), developers of Nexsure, a 100 percent web-architected agency management system based on the Microsoft .NET platform, announced a major integration agreement with Fiserv FSC,...

NYSID Announces Arrest of Former Insurance Broker for Fraud

Mar 10 2003 // Superintendent of Insurance Gregory V. Serio announced the arrest of Fabian Illera, a former insurance broker, who was charged with insurance fraud, forgery, criminal possession of a forged instrument, falsifying business...

Is Bolton & Co.’s Success Genetic’

Mar 10 2003 // The Insurance Journal is launching a new feature in this issue called Agency Insights. We are going to write about independent agencies that have done something unique, innovative or unusual that resulted in success for...

Jurors Speak Out in State Farm vs. Pyorre and Wier Case

Mar 10 2003 // Mendocino County Superior Court Judge Richard Henderson recently overturned a jury’s $6 million award to former State Farm agents Rich Pyorre and John Wier, of Fort Bragg and Crescent City, Calif., respectively, in a...

Broker Charged with Grand Theft

Mar 10 2003 // Judith Elizabeth Dominquez, 44, a former Huntington Park, Calif. insurance broker, appeared in Superior Court for arraignment following the filing of a felony complaint by the Huntington Park District Attorney’s...

EPLI Market on the Run

Mar 10 2003 // It is often said that every situation has a light at the end of the tunnel, but the employment practices liability scene may have to squint just a little harder to see those rays of hope while higher prices, more courtroom...

Bolton & Company Grew with the Times

Mar 10 2003 // In a new series in Insurance Journal, we’ll profile agencies that have made a name for themselves in the industry with a special niche. In our first interview, we talk with California’s Bolton & Company....

The Call of the Conference: Users Conferences Plugged In

Mar 10 2003 // Even with the dominance of the Internet, and the trend toward doing almost everything online from a remote location, something phenomenal is happening. Insurance agents are flocking to users conferences in droves—setting...

Segal Sells Near North Brokerage; New Accusations Loom

Mar 10 2003 // February brought good news and bad news in the saga of Chicago-based Near North National Group owner Michael Segal. The good news: He found a buyer for his brokerage operations. The bad news: Federal prosecutors filed...

Lost at Sea: Hardening Marine Market Challenges Agents and Brokers

Mar 10 2003 // Marine insurance is, as Insurance Journal put it last year, “a unique animal.” The belly of the beast consists of cargo and yacht coverage, which account for 50 percent of U.S. written premium. But another...

EPLI-Higher Prices, More Claims, Tighter Underwriting