Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Ohio Quadrant Insurance Managers’ E&O Program Marks 15 Anniversary
Nov 7 2006 // ProSLIP, the insurance wholesaler errors and omissions program is marking its 15th anniversary, according to the written release by Ohio-based Quadrant Insurance Managers. ProSLIP was designed to provide a superior choice...
ProLawyer Insurance, LLC Announces MGA Appointment for an Admitted Lawyers Professional Liability Product in DE, MD & PA
Oct 16 2006 // Newtown, PA – ProLawyer Insurance, LLC is pleased to announce their Managing General Agent appointment with an A.M. Best “A” (Excellent) rated carrier for Lawyers Professional Liability in Delaware,...
The Future for Agents’ E & O
Oct 9 2006 // David Duncan of David C. Duncan Insurance Services in Rancho Santa Margarita, Calif., is worried about whether and how much the cost of his agency errors and omissions insurance might go up next year. Duncan started his...
The Future for Agents’ E&O
Oct 9 2006 // David Duncan of David C. Duncan Insurance Services in Rancho Santa Margarita, Calif., is worried about whether and how much the cost of his agency errors and omissions insurance might go up next year. Duncan started his...
Agents Name Fla.-based MacNeill Group MGA of the Year
Sep 28 2006 // The National Association of Professional Insurance Agents named MacNeill Group as the Managing General Agency of the Year at a luncheon in Savannah, Ga., earlier this month. MacNeill Group based in Sunrise, Fla., received...
Declarations
Sep 25 2006 // Gambling man “Our investigation determined that Mr. Bowen created an elaborate scheme that diverted the premiums of dozens of customers into his personal bank accounts to fund gambling and other personal activities....
Declarations
Sep 25 2006 // Gambling man “Our investigation determined that Mr. Bowen created an elaborate scheme that diverted the premiums of dozens of customers into his personal bank accounts to fund gambling and other personal activities....
Aon freed to accept contingent pay when serving as managing general agents
Sep 25 2006 // Aon Corporation said it has obtained agreement from five agencies in three states to amend its settlement agreements so that it can accept contingent compensation from an insurer for which Aon is acting as a general agent...
MGAs Urge Congress to Pass Surplus Lines Reform Bill
Sep 22 2006 // The American Association of Managing General Agents is asking Congressman John A. Boehner, R-Ohio, and Congressman John Conyers, D-Mich., to place the Non-Admitted & Reinsurance Reform Act of 2006, HR 5637, on the...
NetRate Systems, Inc., QualCorp, Inc. and VRC Insurance Systems Announce Three-way Systems Integration
Sep 13 2006 // NetRate Systems, Inc. (Okemos, MI), QualCorp, Inc (Valencia, CA) and VRC Insurance Systems (Westlake Village, CA) are jointly announcing plans to provide coordinated Rating, Policy Issuance, and Policy Administration...
Aon Freed to Accept Contingent Pay When Serving as MGA
Sep 7 2006 // Aon Corporation said it has obtained agreement from five agencies in three states to amend its settlement agreements so that it can accept contingent compensation from an insurer for which Aon is acting as a general agent...
Rates are softening
Sep 4 2006 // As the surplus lines world turns to another year of soft market conditions, specialists and innovators may be the ones to survive as increasing competition intensifies, according to excess and surplus lines brokers,...
Also, Phillip Hill was elected chief financial officer and vice president of operations. Hill has been part of Ogilvy-Hi
Sep 4 2006 // People Ogilvy-Hill Insurance elected Mark Shipp president and CEO. Shipp has been with Ogilvy Hill for 11 years. In addition to his new role as president/CEO he will continue to build new relationships in the field. The...
Marsh to accept contingent pay as MGA
Sep 4 2006 // In a departure from their $850 million agreement prohibiting all contingent payments, New York officials have agreed to let Marsh & McLennan Cos. Inc. (MMC) accept contingent commissions from an insurer for which...
Willis Joins Marsh in Getting OK for Contingency Pay for MGA Services
Sep 1 2006 // Global insurance broker Willis Group Holdings has signed an agreement with the New York Attorney General and the Insurance Department of New York amending the previous agreement banning receipt of all contingent...
Marsh Given OK to Accept Contingent Pay When Serving as MGA
Aug 25 2006 // In a departure from their $850 million agreement prohibiting all contingent payments, New York officials have agreed to let Marsh & McLennan Cos. Inc. (MMC) accept contingent commissions from an insurer for which...
Target Markets leaders see now as good time to shop proven programs
Aug 7 2006 // TMPAA’s Thompson, Siefert discuss today’s program business opportunities and program administrators’ evolution Despite soft market conditions, program carriers are less than enthusiastic about jumping at...
Target Markets leaders see now as good time to shop proven programs
Aug 7 2006 // Despite soft market conditions, program carriers are less than enthusiastic about jumping at the chance to start a new program, according to two industry experts. But times may be ripe for a program manager who is less...
Why surplus lines reform makes sense in 2006
Jul 24 2006 // The AAMGA is an international trade association comprised of 503 member agents, brokers, insurance, captive and reinsurance companies, Lloyd’s of London syndicates and underwriters, state stamping and surplus line...
Why surplus lines reform makes sense in 2006
Jul 24 2006 // The American Association of Managing General Agents (AAMGA) commends efforts to modernize commercial insurance markets while maintaining the state-based system of insurance regulation and the surplus lines market’s...
