Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Combined Agents Meet in Austin
Dec 1 2005 // Combined Agents of America LLC reported that at its quarterly board meeting held Nov. 15-17 in Austin, Texas, member agencies gathered to share knowledge, discuss industry issues, review its relationships with insurance...
IIAT Survey Shows Improved Conditions in Texas Homeowners, Auto Markets
Dec 1 2005 // Independent insurance agents in Texas report improved homeowners insurance coverage and lower premium prices for both homeowners and auto insurance as the year comes to an end. A survey of more than 1,800 member agencies...
Broker Who Allegedly Stole $3.8 Million Has 2006 Court Date
Dec 1 2005 // Victims of an insurance broker who allegedly collected $3.8 million for bogus policies through his offices in California, New York and Texas may never recover their money, authorities said. Clarence Joseph Hall III, a San...
John B. Collins Adds 4 Facultative Reinsurance Brokers
Dec 1 2005 // A team of four reinsurance brokers — all specializing in the placement and servicing of facultative and program reinsurance — has joined John B. Collins Associates Inc. The brokers all previously worked for...
Drive Insurance Helps Fund Virginia Big ‘I’ Education Institute Building
Nov 30 2005 // Karen Barone, Virginia product manager for Drive Insurance from Progressive recently presented Tom Welch, president of the Independent Insurance Agents of Virginia, with a check for $25,000, as part of a $50,000 commitment...
Countersignature Laws Now History in 50 States After S.D. Court Ruling
Nov 30 2005 // A federal district court judge in South Dakota ruled this week that the state’s countersignature law is unconstitutional. The ruling means that 50 states have taken action to eliminate the countersignature...
Independent Broker Network Hosts Annual Producer Appreciation Party
Nov 30 2005 // The Independent Broker Network (IBN) is hosting its 12th Annual Producer Appreciation Party in Dublin, Calif., on Dec. 8, 2005 at the Amerisutes Hotel of Dublin and On The Border Mexican Cantina. The event has been...
Florida Big ‘I’ Suggests Elimination of HRA Would Solve the State’s Wind Risk Problem
Nov 30 2005 // A proposed “solution” to Florida’s hurricane insurance problems, based on impressive research and an independent actuarial analysis showing hundreds of millions of dollars in savings has been announced by...
ReSource Pro Rolls Out New Outsourcing Model for MGAs, Program Managers and Retail Brokers
Nov 30 2005 // ReSource Pro LLC, a company specializing in insurance processing for program managers, managing general agents and retail brokers, is rolling out its “in-sourcing” model nationally, a model that boosts...
CII Offers All U.K. Brokers Guidance on Conflict of Interest Solutions
Nov 29 2005 // The U.K.’s Chartered Insurance Institute (CII) announced that it is making its guidance note on Conflicts of Interest available to the whole market in view of the FSA’s letter last week to chief executives on...
Former Calif. Broker Charged with Selling Fake Policies
Nov 29 2005 // Calif. Insurance Commissioner John Garamendi has announced that a former Los Angeles insurance broker has been arrested and charged with 63 felony counts related to the sale of thousands of fake insurance policies...
Ark. Amends Rule on Effect of Non-Licensed Agent/Brokers
Nov 29 2005 // The Arkansas Insurance Department announced it has amended its previously issued bulletin of 9-2004 regarding the effect of non-licensure of agent/brokers on insurance contracts in Arkansas to correct code citations under...
FSA Warns Brokers to Disclose Conflicts of Interest
Nov 28 2005 // The U.K.’s Financial Services Authority (FSA) has issued a warning to the brokerage community that it may require full disclosure of commissions and fees, unless greater attention is paid to the rules regarding...
Integro Buys Lloyd’s Broker Humphreys, Haggas, Sutton
Nov 24 2005 // Integro Ltd. announced the acquisition of Humphreys, Haggas, Sutton & Co. Ltd. (HHS), a Lloyd’s broker founded in 1994 by its three principals, Toby Humphreys, Simon Haggas and John Sutton. “This...
Two Convicted in 2004 Murder of Insurance Agent in Philadelphia
Nov 23 2005 // A judge this week convicted two men of the murder of an insurance agent whose body was found in a North Philadelphia trash bin last year. Common Pleas Judge Jane Cutler Greenspan, after a nonjury trial, convicted Michael...
Willis Acquires Peru Broker, Brazil Benefits Provider
Nov 22 2005 // Willis Group Holdings announced two acquisitions aimed at strengthening the international broker’s presence in the Latin American market. Willis has acquired both JH Asesores y Corredores de Seguros S.A. (JHA), a...
Big ‘I’ Leader Says Hurricane Response ‘Too Slow;’ Hails Flood Reform, TRIA Progress
Nov 22 2005 // The insurance industry’s response to Hurricanes Katrina and Rita has been “too slow” and the job of adjusting claims is a long way from being completed in the view of the leader of the nation’s...
DOI HITS FELONIOUS BAIL BOND AGENTS:
Nov 21 2005 // Missouri Insurance Director Dale Finke announced a crackdown on bail bond agents with felony convictions who have obtained licenses from the Insurance Department during the past several years. “The Missouri Supreme...
Your New Employee is About to Start, Now What?
Nov 21 2005 // (Editor’s note: This is the second in a series of articles offering “best practices” suggestions for the hiring process in the independent agency. More information is available at iiat.org under Agency...
How to Choose the Right Bank for Your Agency
Nov 21 2005 // As an independent agent or agency owner, you have unique financial needs. Unfortunately, few banks truly understand those needs. Worse yet, it has become the norm for banks to also sell insurance, meaning they actually...
