Agents & Brokers News

Guarini Joins Coface North America in Houston

Coface North America announced that Lou Guarini has been appointed senior agent/credit management specialist in its Houston office. Guarini brings many years of experience to this position. He began his career with Prudential Insurance and also worked with Dun & …

Lockton: Commercial Lines Capacity ‘Remains Plentiful’

Underwriting capacity remains plentiful across most lines of commercial insurance and there are no significant insurance coverage restrictions, despite major losses associated with the Deepwater Horizon spill and the Chilean earthquake, according to a recent market report. In its Market …

Budd Joins USG in Pennsylvania

Pennsylvania-based wholesaler USG Insurance Services has hired James Budd as an underwriter and broker in its Canonsburg office. Budd, a 30-year industry veteran, most recently served as senior account executive with DVUA, He has also held positions with Transamerica and …

Virginia Firm Eyes High Tech Fix for Distracted Driving

Despite a public outcry over drivers who text, talk and e-mail that has prompted dozens of states to ban the practice, enforcing those laws is proving difficult. But Matthew Howard, co-founder and CEO of ZoomSafer, has created a novel way …

Oak Street Funding Sold to Private Equity Group Angelo, Gordon & Co.

Indianapolis-based Oak Street Funding, one of the largest insurance lending firms for the insurance industry and insurance agencies, has been acquired by private equity firms managed by the firm Angelo, Gordon & Co. Terms of the deal were not disclosed. …

Foremost Insurance Group Joins Trusted Choice

Michigan-based Foremost Insurance Group is the newest member to join the Trusted Choice consumer branding program for independent insurance agents and brokers. Foremost is a provider for property and casualty insurance products in the United States. They join 57 other …

Arizona Council of NAIW Elects New Officers

The Arizona Council of the National Association of Insurance Women has elected Betty Watson of Passey-Bond Co. in Mesa as Arizona Council Director. Other new officers are: Membership Chair Jessica John of Colorado Casualty Co. in Phoenix; Public Relations Chair …

UK Insurance Broker Jailed over Costa Rican Corruption

A London-based insurance broker has been jailed after admitting making or authorizing corrupt payments worth almost $2 million to officials in the Costa Rican state insurance company and national electricity and telecommunications provider. Britain’s Serious Fraud Office said Tuesday that …

How Insurance Agents Help Keep the Scare In Halloween Events

Halloween is scary fun for kids—and for some insurance agents, too. These insurance professionals make sure their clients who manage haunted houses, corn mazes, pumpkin patches and other Halloween attractions are protected should any of their tricks or treats turn …

Ex-Marsh Executives, Convictions Tossed, Sue for Bonuses

Two former Marsh & McLennan Cos. executives, whose criminal convictions in an insurance bid-rigging scheme were thrown out, sued their former employer, accusing it of depriving them of stock bonuses and severance. In a lawsuit filed on Wednesday in Manhattan …