Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
IBA West Board Approves Award to Honor Bud Wilson
Nov 26 2002 // The Board of Directors of the Insurance Brokers & Agents of the West (IBA West) has created the Bud Wilson Award to honor the service of David F. “Bud” Wilson of Chula Vista as president of the Independent...
CDI Revokes Licenses of Father & Son Brokers After Guilty Pleas
Nov 25 2002 // The California Department of Insurance (CDI) announced the revocation of two Sacramento insurance broker’s licenses. CDI issued an Order of Summary Revocation against the Fire and Casualty Broker Agent licenses of...
COMMERCIAL MARKET INDEX RELEASED
Nov 25 2002 // Top commercial insurance brokers, noting insurers have been buffeted by terrorist attacks, stock market woes and increasing environmental hazard claims, have cast their eyes ahead to the coming year and voiced concern that...
Helping Nonprofits through Difficult Times
Nov 25 2002 // This year nonprofit acquaintances often have asked me a question for which I have no answer. That is, “Why are commercial insurers non-renewing my nonprofit?” Our experience with nonprofits has been favorable,...
Get to Know Your State Legislators
Nov 25 2002 // If there was one message speakers at the 2002 Annual Meeting of the Texas Surplus Lines Association (TSLA) wanted their audience to go away with, it was: Get to know your state legislators. That was the mantra chanted by...
CRACKDOWN ON AGENTS IN LA.
Nov 25 2002 // The Louisiana Department of Insurance Fraud Unit investigators served cease and desist and summary suspension orders to licensed insurance agent Tommy Ray Dean of Shreveport, the day after the department served a C&D...
INDEPENDENTS INCREASE SHARE
Nov 25 2002 // An annual market share study by the Independent Insurance Agents & Brokers of America’s (IIABA) revealed that independent agents and brokers are capturing an increasing share of both the personal lines and...
Three Strikes to Lower Agency Value
Nov 25 2002 // In the past year or so there have been some notable acquisitions of agencies that were pushing the agency value envelope. For some cases, banks were making their platform acquisition and thus willing to pay top dollar to...
Brother, Could You Spare Some Coverage’ Some Nonprofits Face Shrinking D&O, EPL Capacity
Nov 25 2002 // Since the book-cooking scandals that undid Enron, Worldcom and other concerns surfaced in recent months, insurers have ratcheted up their already growing scrutiny of corporate clients, resulting in higher premiums and...
Helping Nonprofits Through Difficult Times
Nov 25 2002 // This year nonprofit acquaintances often have asked me a question for which I have no answer. That is, “Why are commercial insurers non-renewing my nonprofit?” Our experience with nonprofits has been favorable,...
Crump Adds Brokers to Houston Office
Nov 22 2002 // Crump Insurance Services of Houston Inc. announced that Angela George has joined Crump as an underwriter/broker, and Michael J. Hartley has joined the comany as a marine cargo underwriter. As part of the industry since...
RI3K CEO Tells London Market Why Tech Matters, but Experience Matters More
Nov 22 2002 // Alex Letts, CEO of the reinsurance services provider RI3K, told an audience of insurance professionals at the annual Insurance Institute Conference that, although recent advances in technology would indeed transform some...
German Broker Becomes inreon’s 100TH Member
Nov 22 2002 // inreon, the Internet-based reinsurance trading platform announced that German broker Koenig & Reeker has become its 100th member. The company joins 81 other cedants and brokers from 17 countries across Asia, North...
Insurers, Agents Urge NCOIL to Pass Model Act on Credit-Based Scoring
Nov 22 2002 // The Alliance of American Insurers, American Insurance Association (AIA), National Association of Independent Insurers (NAII) and National Association of Mutual Insurance Companies (NAMIC) have called on the National...
Acord New Head of Trusted Choice Branding Initiative
Nov 21 2002 // Larry Acord, with 25 years of experience in company and agency branding and marketing, is the new vice president of Trusted ChoiceSM. Acord, who formerly was vice president of sales and communications for National Grange...
AMS, The Hartford Offer Rating, Agency Management Integration
Nov 20 2002 // AMS Services of Windsor, Conn. and The Hartford Financial Services Group of Hartford, Conn. announced the launch of a bridge allowing users of AfW and AfW Online management systems, or AMS rating products (QuoteWorks East...
Hartford Study Says Producer Compensation Tied to Agency Size, Profitability
Nov 19 2002 // Revenues and profitability largely determine the total compensation levels for insurance agency owners, executives and producers, according to the new Business Management Group (BMG) 2002 Owner, Executive & Producer...
Afni Insurance Services Releases CSR24 for Agents, Brokers
Nov 18 2002 // Afni Insurance Services has made available CSR24 for agents and brokers using the AMS Prime agency management system. CSR24 now extracts customer, policy, underwriting and coverage data directly from the AMS Prime system...
Ind. Agents and Brokers Continue to Increase Market Share in Personal, Commercial Lines
Nov 15 2002 // Independent agents and brokers are capturing an increasing share of both the personal lines and commercial lines markets, the Independent Insurance Agents & Brokers of America’s (IIABA) annual market share study...
Tarzana, Calif. Ins Broker Pled No Contest to Two Felony Counts
Nov 15 2002 // Alfred Galoustian, 34, pled no contest to two felony counts of grand theft. Galoustian was sentenced to 30 days in County Jail, 240 hours of community service, three years of summary probation, and ordered to pay...
