Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
IIAANY Provides Online Terrorism Insurance Kit to Members
Dec 19 2002 // The Independent Insurance Agents Association of New York Inc. (IIAANY) announced it will offer an electronic kit to member agents explaining how the recently passed Terrorism Risk Insurance Act would affect them. Available...
Ratings Agencies Scrutinize TIG, Ranger and Other Fairfax Cos.
Dec 18 2002 // Fitch Ratings and A.M. Best both initiated rating actions on Fairfax Financial Holdings Inc. (Fairfax) and its subsidiaries, including TIG Insurance Group—Dallas, Ranger Insurance Group, and Commonwealth Insurance...
Mass. Broker’s License Revoked
Dec 18 2002 // The license of James Falzone, an insurance broker based in Waltham, Mass., was revoked after he allegedly collected $2,900 from a taxi company for coverage and then never purchased a policy for the client. The Daily News...
New Age Sets up Brokerage Division
Dec 18 2002 // New Age Brokerage Inc., a Morristown, N.J.-based managing general agent, announced it has established a brokerage division to be led by Joe Palumbo. Currently underwriting in excess of $75,000,000 of apartment package...
Survey Says Industry Executives Want IT Modernization Despite Budget Limits
Dec 18 2002 // Sapiens International Corporation an insurance business solutions provider, announced results of its survey of U.S.-based senior insurance executives conducted during the annual ISOTECH 2002 conference last month in...
New Orleans Agent Arrested
Dec 18 2002 // A former insurance and bail bond agent was arrested by the Louisiana State Police Insurance Fraud Unit and Louisiana Department of Insurance Fraud Unit investigators issued her a cease and desist order in what the...
HCC to Acquire Lloyd’s Specialty Broker Dickson Manchester Ltd.
Dec 17 2002 // Stephen L. Way, Chairman and CEO of Houston-based HCC Insurance Holdings, Inc. announced that the Company had reached an agreement to acquire Lloyd’s broker Dickson Manchester & Company Limited (DM). “DM...
Calif. Commissioner Implements Last-Minute Regs
Dec 16 2002 // With his term coming to an end, California Insurance Commissioner Harry Low has finalized some last-minute regulations in the Insurance Code before he hands over the reins to Commissioner-Elect John Garamendi. Some of the...
Grabbing the Headlines in 2002
Dec 16 2002 // Who made the most “news” as opposed to the most “noise” in 2002? There were lots of candidates, but the ones we’ve selected usually made news because they faced problems or took initiatives...
Fisher Says Insurance Background Helps Him Make a Difference
Dec 16 2002 // Oklahoma Insurance Commissioner Carroll Fisher is a big guy with a mission. In a recent conversation with the Insurance Journal, he spoke of his role as a voice for the industry within the National Association of Insurance...
Grabbing the Headlines in 2002
Dec 16 2002 // Who made the most “news” as opposed to the most “noise” in 2002? There were lots of candidates, but the ones we’ve selected usually made news because they faced problems or took initiatives...
The Agency Business Plan – A Road Map to Success
Dec 16 2002 // Why Plan? As the manager and/or owner of your agency, you know that every task you undertake on a daily basis should be one step closer to the completion of an overall agency plan. Why plan, you ask? It is no secret that...
Anaheim, Calif. Agent Pleads Guilty to Grand Theft
Dec 13 2002 // Gary Stromme, 47, plead guilty to two felony counts of grand theft in Orange County Superior Court yesterday, the result of an investigation by the California Department of Insurance (CDI) Criminal Investigations...
PIIAI Issues Market Share Reports for 2001
Dec 13 2002 // The Professional Independent Insurance Agents of Illinois (PIIAI) has put together a synopsis, based on A.M. Best’s analysis of state by state reports for commercial lines, personal lines, personal auto, and...
Travelers P&C and AMS Services to Offer Real-time SEMCI Quoting
Dec 13 2002 // Travelers Property Casualty announced it will offer real-time quoting capabilities for small commercial insurance to independent agents with AMS Services Inc. This new capability allows agencies to obtain quotes for...
Fla. Arrests Agent for Forgery, Theft and Exploitation
Dec 13 2002 // The Florida Department of Insurance announced that department fraud investigators have arrested insurance agent Alton Michael Haynes III and charged him with six felony offenses. Haynes, 55, is charged with...
Calif. Agents, Brokers to Comply with New Privacy Regs
Dec 13 2002 // The California Department of Insurance has announced that California agents must comply with new privacy regulations effective March 24, 2003. The new stipulations will unite the Gramm-Leach-Bliley Act (GLBA) with the...
NE Ins. Dept., USDA Risk Management Agency Conclude Agreement on American Growers
Dec 12 2002 // L. Tim Wagner, Director of the Nebraska Department of Insurance (NDI), and Ross J. Davidson, Jr., Administrator of USDA’s Risk Management Agency (RMA) announced the signing of a “Memorandum of...
La. Agent Hiding in Closet Arrested for Misappropriation of Premiums
Dec 12 2002 // The Louisiana Department of Insurance shut down an Alexandria insurance agency amid charges of misappropriation of premiums. The department said it is the second Alexandria agency to be closed in just over a...
Hub International Finalizes So. Calif. Brokerage Acquisition
Dec 10 2002 // Hub International Limited reported that the previously announced agreement to purchase the stock of Hooper, Hayes & Associates, Inc. (Hooper), a Los Angeles-based insurance brokerage firm founded in 1946, and...
