Mom and pop” retail agencies have always been a vital component of the insurance world, and many of them still exist today. Sons, daughters, grandsons and granddaughters are able to continue family traditions as agencies are passed down from one …
Suydam Agency Firmly Planted in Community It Serves They could sweep me out of my office and I know that the business would continue just fine. But what am I going to do if I’m not here? I’m not going …
An Interview with Francis Johnson, AAMGA President-Elect Francis Johnson, president of Johnson and Johnson Inc., of Charleston, South Carolina, becomes president of the American Association of Managing General Agents in May. He recently talked to Insurance Journal about the industry …
Specialty Risk Associates, a managing general agency headquartered in Shreveport, La., has been on the move in the past several years–expanding beyond its Louisiana base into neighboring states–and has plans to increase its regional visibility even further in the coming …
Was it Colonel ChoicePoint in the Conservatory With a Knife? When ChoicePoint Asset Co. finally disclosed Feb. 15 that criminals had gained access to the personal information of as many as 145,000 people in all 50 states, it came as …
New York is one of the worst; New Jersey is also poor; Virginia remains among the best; Massachusetts and Maryland are looking better and better; Connecticut is holding steady, while Pennsylvania has some catching up to do. That’s a summary …
With overall claims frequency still on the decline and loss costs and rates relatively stable, the state of the workers’ compensation line nationwide continues to show positive signs of improvement. Nevertheless, the industry remains on the brink of change, anticipating …
When the 1970s began, Bill Moloney was afraid of flying. When the 21st century dawned, he had his own aviation brokerage based in an airport and flew his plane as often as he could. Moloney, a self-described “insurance brat” (his …
Wal-Mart, Morgan Stanley, Boeing, Texaco, State Farm and Farmers have all been the targets of recent employment practices lawsuits. Wal-Mart was hit with sexual harassment charges. Farmers was sued for wrongful termination. Morgan Stanley and State Farm allegedly engaged in …
The emergence of large national and regional firms and the creation of networks of brokers as industry kings are transforming the nation’s wholesale insurance marketplace but experts maintain that independent privately-held firms will still remain the backbone of the excess …
