Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Agent-Broker Malpractice
Feb 19 2001 // In specifying, arranging for and renewing insurance policies, it is customary in the industry for agents to use a kind of shorthand. It is also customary for agents to rely upon manuals provided to them by insurers. A case...
Low Cost Solutions
Feb 19 2001 // The seminar I was attending was “Low Cost Automation Solutions for Small Agencies”, but it might as well have been entitled “Agency Owners: Get Your Butts in Gear.” The self-help session, held as...
TEXAS AGENT INDICTED
Feb 19 2001 // A Travis County grand jury has indicted Larry Wallace of Wallace Insurance Agency and Ruben Perez of Artisan Masonry for insurance fraud. The case, decided on Jan. 26, first surfaced when The Texas Workers’ Comp...
ALLSTATE AGENT TALKS BREAK DOWN
Feb 19 2001 // Talks between Allstate Corp. and more than 300 of its captive agents to settle a long-running dispute over contractual changes have broken down. The insurer faces complaints regarding its 1999 plan to convert agent...
Texas Case Watched Closely By Surplus Lines Industry
Feb 19 2001 // The Comptroller of Public Accounts in Texas is planning an appeal of a Third District Court ruling that found Dow Chemical Co. did not owe the comptroller taxes on independently procured insurance. The Comptroller’s...
YNB Financial Services Forms Partnership with Local Independent Insurance Agencies
Feb 16 2001 // New Jersey bank, YNB Financial Services has signed marketing agreements with three independently-owned insurance agencies, Borden-Perlman Insurance Agency, Nottingham Insurance Agency and Princeton Assurance Corporation...
CDI Searches California Agencies In Effort to Uncover Possible Fraud
Feb 16 2001 // Search warrants were executed at more than 10 locations in California in the past two weeks, according to the California Department of Insurance Criminal Investigations Branch. Investigators were hunting for evidence of...
Ohio DOI Unveils Top 10 Fraud Violations of 2000
Feb 15 2001 // Ohio Department of Insurance Director Lee Covington released a list of the Top 10 Insurance Fraud violations for 2000. During 2000, the Department opened 144 fraud cases. At the Insurance Department, the Enforcement...
IIAA Names Flannagan VP of Education and Research
Feb 15 2001 // Madelyn H. Flannagan is the new vice president of education and research for the Independent Insurance Agents of America. “Madelyn offers many years of agency system experience in the areas of research, agency...
Michigan DOI Eliminates Obsolete Regulatory Language, Changes Agent Licensing Requirements
Feb 14 2001 // Michigan Financial and Insurance Services Commissioner Frank M. Fitzgerald announced three measures today that reduce unnecessary regulatory burdens on the financial institution and insurance industry. The measures...
Tennant Risk Services’ Enhances Title/Escrow Agents EnO Insurance
Feb 14 2001 // Tennant Risk Services, the program manager for the Title Agents of America E&O insurance program, is including E-Commerce coverage as part of its Title Industry E&O insurance. Northland Insurance Companies...
Carriers Battle Alleged Taxicab Market Fraud
Feb 12 2001 // In what looks uncomfortably like a return to the offshore scams of the late ’80s, several reports of questionable taxicab policies using the names of two well-known carriers have recently surfaced in California. The...
Commercial Auto: The Long Road Back to Profitability
Feb 12 2001 // The signs were there in 2000—and now it can safely be said that prices in the commercial auto industry are definitely firming. But how long it will take the industry to truly return to profitability is still hard to...
Let’s Talk
Feb 12 2001 // Is it just me, or are we working more and talking less? By talking, I don’t mean those long, pointless meetings where goals are summarized in alphabetical order and mission statements are pummeled into submission...
Allstate Agent Talks Break Down
Feb 8 2001 // Talks between Allstate Corp. and more than 300 of its captive agents to settle a long-running dispute over contractual changes have broken down. The insurer faces complaints regarding its 1999 plan to convert agent...
Management buys New York Brokerage
Feb 7 2001 // New York-based Frenkel & Co. Inc. has a new owner-senior management as a result of a management buyout Monday led by Robert Shunk and John Kelly. Shunk will continue as chairman of Frenkel, and Kelly will serve as...
Ohio DOI Creates New, More Decorative Agent License Certificate
Feb 7 2001 // Ohio Insurance Department Director Lee Covington announced that the department has designed a new license certificate for Ohio insurance agents and other licensees that can be used for display purposes. The new...
Agent’s License Revoked for Defrauding Senior Citizens
Feb 7 2001 // California Insurance Commissioner Harry Low revoked the license of former insurance agent Raymond Michael Graney, who did business as Team Concepts Insurance Services. An administrative hearing on Graney’s licensing...
New York Implements e-Commerce Guidelines on Advertisements, Referrals and Solicitations
Feb 6 2001 // New York Superintendent of Insurance Neil D. Levin has issued guidance to the industry concerning the application of the New York Insurance Law to insurance advertisements, referrals, and solicitations on the Internet. The...
American Agents Alliance Ends Affiliation with NAAA
Feb 5 2001 // A resolution to officially end the relationship between the American Agents Alliance and the National Auto Agents Alliance went into effect on Jan. 1, 2001. The resolution was reached at the Alliance Board of Governors...
