Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
People
Mar 12 2007 // Arthur J. Gallagher & Co. in Houston added Danny Golden as vice president for its construction niche. Golden will assist in the service of existing and new clients as well as other members of the Gallagher...
Editor’s Note: Bonus round
Mar 12 2007 // Last November, then-New York Attorney General Eliot Spitzer notified four insurance companies that they could no longer pay contingent commissions to agents and brokers who sell automobile, homeowners and certain other...
Declarations
Mar 12 2007 // Cloned food claims “Because meat from cloned animals could be mixed with meat from hundreds of other conventionally bred animals, even if there’s no harm related to cloning, if there’s a product recall...
Protecting customer data under the Gramm-Leach-Bliley Act
Mar 12 2007 // Insurance agents and brokers constantly deal with customers’ personal information. Yet many in the industry may not be aware of the legal requirements for handling or storing this information. How should agents and...
Understanding coverage gaps in farm/ranch policies
Mar 12 2007 // When underwriting farms and ranches, it’s important to understand the subtle nuances in risk. After all, a loss to either could mean the policyholders not only have damage to their home, but also to their...
Minding Your Business
Mar 12 2007 // In our travels as consultants to the insurance industry, we have noticed that one of the more elusive “standards” or “norms” is compensation for employee benefits producers and staff. The difficulty...
Insurance Journal’s Exclusive 2006 Agency Salary Survey
Mar 12 2007 // More independent insurance agencies gave salary increases in 2006 than in 2005, but still nearly half of all agency salaries nationwide stayed right where they were compared to 2005. On the other hand, producer commission...
The impact of contingent commissions on independent agencies
Mar 12 2007 // Debate continues in the insurance industry regarding the future of contingent income. Any drastic changes in the current compensation structure would have far-reaching effects throughout the industry and would impact...
What lies ahead for agency compensation?
Mar 12 2007 // Incentive pay plans for agents that some insurers are implementing to replace discontinued contingency compensation could work out better for agents than the programs they are replacing. A handful of major carriers banned...
Closer Look: Agency Technology
Mar 12 2007 // Technology expert Steve Anderson of The Anderson Network Inc., a licensed independent agent for the last 25 years, began his presentation to the Independent Insurance Agents of Texas conference in February by asking his...
Former Ind. Secretary of State Elected to State Automobile Mutual Board
Mar 9 2007 // Kenan L. Schultheis and Edwin J. Simcox have been elected to the board of directors of State Automobile Mutual Insurance Co. Schultheis is agent/principal of Schultheis Insurance Agency Inc., an independent insurance...
Western Security Surplus Promotes Clinton to Broker
Mar 9 2007 // Pasadena, Calif.-based Western Security Surplus Insurance Brokers, Inc. has promoted Wendy M. Clinton to broker and will continue to work out of the Orange County office. She began her job as a receptionist at the Pasadena...
New Mexico PRC Asking Why Former Superintendent Didn’t Investigate
Mar 8 2007 // New Mexico’s Public Regulation Commission is asking why former Insurance Superintendent Eric Serna did not investigate a title insurance company that admitted giving more than $300,000 to a builder in what a state...
Texas Agent Association, PTA Launch Program to Fight Teen Drinking
Mar 7 2007 // The Texas PTA and the Independent Insurance Agents of Texas (IIAT) announced they have launched a statewide campaign designed to prevent underage drinking. According to the Texas Commission on Alcohol and Drug Abuse, Texas...
Who Wants 1 Million Insurance Leads from Google?
Mar 6 2007 // North Hollywood, CA – QuotesAuction.com recently hit a major milestone after receiving over 1 million insurance leads from Google advertisement. Visit http://www.quotesauction.com/awards.htm for proof....
Georgia’s Oxendine Defends Main Street Agents in Compensation Battle
Mar 5 2007 // Exclusive Video Interview Oxendine: Insuring Coast Against Wind, Big Insurers Georgia Insurance Commissioner John Oxendine, who was recently elected to his fourth four-year term, thinks Main Street insurance agents are...
La. AG Says Contractor Fraud Fugitive Arrested in Fla.
Mar 5 2007 // Attorney General Charles C. Foti, Jr., recently announced that his office has arrested an individual suspected of defrauding numerous homeowners in Orleans, Jefferson and St. Charles Parish who were trying to repair their...
In Manhattan: Agents, Insurers Renew Call for Federal Terrorism Insurance
Mar 5 2007 // In the heart of the world’s financial markets, insurance agents and companies today urged Congress to protect the country’s economic stability by ensuring availability of terrorism risk insurance through a...
All Risks Opens Seattle Branch
Mar 5 2007 // All Risks Ltd., a wholesale broker and managing general agent headquartered in Hunt Valley, Md., has opened a branch office in Seattle. The Seattle office will handle contract binding and brokerage business and will is...
Kan. Insurance Agent Alleges Company Discriminates Against Hispanics
Mar 2 2007 // When Paul Bergersen told the Kansas Insurance Department that his company was treating auto policyholders with Hispanic surnames differently than others, investigators had little experience to draw upon. Bergersen, who is...
