Agents & Brokers News

CA Council of NAIW Names 2011-2012 Officers

The California Council of the National Association of Insurance Women has elected officers for its 2011-2012 terms, which begins on July 1, 2011. New officers are: CA Council Director Mitula Patel of Momentous Insurance Brokerage of Van Nuys; Public Relations …

Business Moves

Palmer Miller Nelson, Keystone Insurers Group Palmer Miller Nelson Insurance Agency Inc. (PMN) of Columbus, Ohio, has become Keystone Insurers Group’s 24th franchise partner in Ohio. In business since 1855, PMN was the first agency appointed by Ohio Farmers Insurance …

16 Brokers to Use New Single-Entry Commercial Lines Insurance Exchange

Sixteen insurance brokerage firms have agreed to be the first to use a new Internet-based single entry submission system to transact commercial lines business with carriers, a system that will be made available to all agents and brokers and their …

People

Preferred Professional Insurance Co., an Omaha, Neb.-based Catholic-owned medical liability insurance firm, announced that Lynnette Matza was appointed as PPIC’s next CEO effective Jan. 1, 2011. Matza will succeed T.J. McKivergan. Matza has been with the company since its inception …

Syndicates – The Heart of the Market

Catlin, and Other Lloyd’s Syndicates As underwriters, syndicates are the heart of the Lloyd’s market. Until the end of the 20th century they were largely funded by wealthy individuals, who pledged their fortunes to back the risks accepted by the …

Michigan Officials Seek to Force Broker to Remit $1.3 Million Owed to Insurers

Michigan insurance officials have gone to court to force a Troy insurance broker to remit $1.3 million in premiums he owes to multiple insurance companies. The Office of Financial and Insurance Regulation petitioned the Ingham County Circuit Court to compel …

Business Moves

Markel, Hiscox Insurer Markel has acquired the rights to American Live Stock, the animal mortality business of Hiscox Insurance Co. Terms of the deal were not disclosed, but the companies said it would close the transaction by October 1. The …

People

The Hartford has appointed Lisa Morgan as senior vice president of its Middle Market commercial insurance business. Morgan will lead The Hartford’s $2 billion middle market commercial insurance unit that serves mid-sized businesses and other entities, such as educational institutions …

People

Watkins Insurance Group, one of the largest full-service, locally owned independent insurance agencies in central Texas, added agent Andy Webb to its sales team. Webb began his career in the insurance industry in March 2002 and now brings a strong …

Calif. Insurers Must Disclose Cancellation Fees

Insurers in California will now be required to disclose cancellation penalties —prior to or concurrent with an application for insurance — thanks to legislation recently signed by Gov. Arnold Schwarzenegger. Previously, the law stated that an insured was entitled to …