Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Piedmont Ordered into Liquidation in South Carolina
Dec 31 2002 // The South Carolina Department of Insurance announced that Piedmont Insurance Company recently became the subject of an Order of Liquidation which declared the company insolvent and directed the South Carolina Department of...
Oklahoma Agent Fined $20,000
Dec 31 2002 // Oklahoma Insurance Commissioner Carroll Fisher announced that a Ponca City agent has agreed to pay a $20,000 fine, forfeit his license and pay claims from customers who thought they had insurance but did not. The agent,...
Acacia Associates Joins United Agencies Family
Dec 30 2002 // Thomas Hays, chairman of the board for United Agencies, announced effective Jan. 1, 2003, the addition of Acacia Associates Insurance Services, Inc. to United Agencies’ family of affiliated agencies. Acacia...
Ohio Ins. Dept. to Revoke Agent Licenses for Alleged Fraudulent Investment Schemes
Dec 26 2002 // Holly Saelens, the interim director of the Ohio Department of Insurance (ODI), has notified Powell securities dealer Vernon W. Shiflett and associate Paul L. Edwards, an insurance agent from Marion, of the...
Superior Access Adds National Market for D&O and EPLI
Dec 26 2002 // Richard Swoy, chairman of Superior Access Insurance of Irvine, Calif. announced the addition of an “A++ XV” Superior A.M. Best rated carrier offering professional liability coverage nationally. Quotes are...
Agent Suspended in Oklahoma
Dec 24 2002 // Oklahoma Insurance Commissioner Carroll Fisher suspended the license of Ponca City insurance agent Mark Jordan, who is accused of several violations of the Oklahoma Insurance Code over a number of years. Under the order,...
Study Shows Agency Growth and Increased Productivity
Dec 24 2002 // A new edition of the Growth and Performance Standards (GPS) study by the Academy of Producer Insurance Studies shows growth in revenues, commissions and productivity for independent insurance agencies since 1999. The GPS...
Golden Apple Appoints London Broker
Dec 23 2002 // Miami-based Golden Apple Holding Company (GAHC), a wholly owned subsidiary of Navigator Ventures Inc. appointed Ballantyne McKean & Sullivan Ltd. (BMS) as lead broker of record to secure reinsurance for Golden...
Mutual of Enumclaw 0ffers Online Rating and Application for BOP
Dec 23 2002 // Wash.-based Mutual of Enumclaw announced an online rating and application service for agents selling its Business Owners Policy(BOP) product. The company’s agents can now get quotes in real-time for BOP policies and...
Lloyd’s Welcomes Four New Brokers
Dec 20 2002 // Lloyd’s announced that it has issued accreditation to four new brokers, including the first from India, as part of its ongoing initiative, launched in 2001, to widen access to the London market. The brokers are CK...
West Covina, Calif. Ins. Agents Arrested for Grand Theft
Dec 20 2002 // Investigators with the California Department of Insurance (CDI) Criminal Investigations Branch arrested two local insurance agents for selling bogus insurance policies. Jouly R. Kassis, 20, and Mike George Denno, 24,...
N.Y. Insurance Dept. Completes First Full Year of Online Agent Licensing
Dec 20 2002 // New York Superintendent of Insurance Gregory Serio announced that the state insurance department has finished its first full year of online licensing for agents and brokers for license renewals and new applicants. The...
Willis Acquires Sports and Entertainment Brokerage
Dec 19 2002 // Global insurance broker, Willis Group Holdings, has acquired the assets of sports and entertainment insurance brokerage firm, Special Risk Advisors International LLC of Marietta, Ga. Terms of the transaction were not...
W. Va. State Agencies See Rise in Med-Mal Claims
Dec 19 2002 // A medical malpractice law passed in West Virginia last year is apparently to blame for an increase in medical malpractice lawsuits against state agencies this year. According to the Charleston Daily Mail, a legislative...
Nev. Agent Sentenced for Fraud
Dec 19 2002 // Nevada Attorney General Frankie Sue Del Papa announced that Guy Mitchell Sheets, 38, of Henderson, Nev., was sentenced to 12 to 36 months in prison, concurrent, for the two felony counts of insurance fraud he plead guilty...
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...
