Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Unlicensed Agent Pleads Guilty
Nov 11 2002 // Arturo Lopez, 39, of La Puente, Calif., pleaded guilty to four counts of grand theft in Pomona Superior Court. An investigation conducted by the CDI Criminal Investigations Branch’s Investigation Bureau found that...
Unlicensed Ins. Broker Targeted L.A. Customers
Nov 11 2002 // Mike George Denno, 24, of Los Angeles, was arrested on seven felony counts of insurance fraud, following an investigation by the CDI Criminal Investigations Branch, which revealed Denno allegedly sold bogus insurance...
Three Strikes to Lower Agency Value
Nov 11 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...
New Reports Prescribe Remedies for Ailing Market
Nov 11 2002 // Three new reports published recently provide a sizeable assortment of diagnoses, prognoses, and remedies for increasingly volatile commercial insurance markets. When viewed as a compiled list of problems and solutions, one...
IIABA Urges Insurers to Be Consumer-Friendly with Credit Info. Practices
Nov 11 2002 // As insurers increasingly rely on consumer credit histories and credit-related scores during the underwriting and rating process, the Independent Insurance Agents and Brokers of America (IIABA) is urging companies to...
New Reports Prescribe Remedies for Ailing Insurance Markets
Nov 11 2002 // Three recently published reports provide a sizeable assortment of diagnoses, prognoses and remedies for increasingly volatile commercial insurance markets. 3Q Commercial Market Index The Council of Insurance Agents &...
USE CREDIT INFO FAIRLY, IIABA SAYS
Nov 11 2002 // The Independent Insurance Agents and Brokers of America (IIABA) wants insurers to proactively adopt and implement fair-minded and appropriate business practices regarding their use of credit information. The agent/broker...
No Duty to Investigate Before Terminating Agent
Nov 11 2002 // In Texas Farm Bureau Mut. Ins. Co. v. Sears, the Texas Supreme Court addressed what duties an insurance company owes an independent agent when terminating an “at will” relationship. No. 01-0851 (Tex., Aug. 30,...
IIABA Optimistic on Legislative Agenda Following Mid-Term Election
Nov 8 2002 // The results of Tuesday’s historic mid-term election have buoyed the hopes of independent agents and brokers that several critical insurance and business concerns may cross the finish line in the new 108th Congress,...
Tampa Agent’s License Revoked
Nov 8 2002 // The Florida Department of Insurance announced it revoked the license of insurance agent Terry Homer Hatfield, of Tampa. According to a complaint filed by the department, Hatfield allegedly collected premiums without...
Charges Filed Against Miami Bail Bonds Agent
Nov 8 2002 // The Florida Department of Insurance revoked the bail bond license of Huxley Petigny, following an emergency order of suspension based on criminal charges filed against him by the Miami-Dade Police Department. Petigny is...
BR Corp. Purchases Calif. Broker
Nov 8 2002 // Bertholon-Rowland Corp. (BR Corp.) announced its purchase of Travel Insurance Services (TIS) of Walnut Creek, Calif., an agency that has served the global travel community since 1973. “This acquisition is an...
New Orleans Agent Receives InVEST’s Dach Award
Nov 8 2002 // Albert S. Pappalardo Jr. of Pappalardo Companies Inc., New Orleans, is the recipient of the 2002 Steven Dach Award, given by InVEST, a business-education partnership training high school and community college students in...
Progressive Provides Independent Agents with More Efficient Software Links
Nov 4 2002 // Ohio-based Progressive Corp. announced that independent insurance agents across the country who use agency management system software manufactured by AMS Services, Inc. now have a new way to save time and effort when...
iLeads.com Unveils New System for Agents
Oct 31 2002 // A new online lead system for helping personal lines property/casual agents increase production through qualified sales leads is now available at www.homeownersleadsdirect.com. Introduced by California-based iLeads.com, the...
IIABA: GLBA Does Not Preempt W. Va. Insurance Laws
Oct 31 2002 // The Independent Insurance Agents & Brokers of America (IIABA) and the state of West Virginia argued before a federal appeals court against a U.S. Office of the Comptroller of the Currency (OCC) opinion letter stating...
Vista Opens Dallas Office
Oct 31 2002 // San Antonio-based wholesale insurance broker, Vista Insurance Partners, announced the opening of an office in Dallas, Texas. Through the Dallas office, Vista will be able to extend its brokerage expertise, underwriting...
S.I.S. Launches New Company/Agent Software
Oct 31 2002 // Strategic Insurance Software, Inc. (S.I.S.), based in Gahanna, Ohio, announced the official launch of their new release of SEMCI PARTNER(R), a system that will put agents “one mouse click away from policy holder...
Aon CEO Reports ‘Excellent Progress in Brokerage Segment’
Oct 31 2002 // Aon Corp. reported third quarter 2002 earnings increased to $0.46 per share from $0.26 per share in third quarter 2001. Operating segment reported revenues for third quarter were up 17 percent year-over-year reflecting...
CAA Members Part of IIABA Best Practices Study Group
Oct 29 2002 // Austin, Texas-based Combined Agents of America LLC (CAA) announced two of its member agencies, Bigham-Kliewer-Chapman-Watts and Crockett Insurance Services, were selected to participate in the Independent Insurance Agents...
