Agents & Brokers News

5 Lessons in Social Networking

Since its inception just a few years ago, social networking has provided both hype and hope for businesspeople. Social networking practitioners in the insurance industry have demonstrated over the past year how to deliver on the hope while moderating the …

America’s Best Independent Agencies to Work For

Salaries and Benefits Lead but Quality of People and Relationships Win Votes, Too The results are in from the 2010 Best Independent Insurance Agency to Work For survey by Insurance Journal. The owners of the Best Agencies to Work For …

RMIS Adds Smith as Business Development Manager

Fullerton, Calif.-based RMIS has added Ana Mari Smith to the marketing team as business development manager. Smith most recently worked for a startup general agency in Southern California, but spent the majority of her 20 years insurance experience marketing for …

Pennsylvania Ponders Increased Auto Liability Limits

A new bill introduced to the Pennsylvania senate would double the minimum liability amounts of auto insurance policies in the state. Current laws set minimum liability limits for bodily injury at $15,000 per person and $30,000 for a group of …

The Future for Independent Insurance Agencies

Proactively Manage Your Future and Be Ready for Change I believe the future of independent insurance agencies is at a tipping point. A number of forces are pushing agencies toward the precipice of major change. A few of those forces …

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 …

Business Moves

Edgewood Partners, Wholesale Trading Edgewood Partners Insurance Center (EPIC), its co-founder John Hahn and industry investor Jeff Cappel have formed Wholesale Trading Co-Op Insurance Services (WTC), a boutique wholesale brokerage firm that will serve approximately 30 large, privately held retail …

E&O Coverage for Real Estate Agents – Don’t Sell a Home Without It

Liability Woes Include Misrepresentation, Structural Defects, Legal Errors and More Real estate errors and omissions (E&O) liability coverage is big business. Although the recent property debacle has focused attention on single home sales, they are only part of the market, …

Texas Associates Insurors Selected for Best Practices Study

Texas Associates Insurors, based in Austin, Texas, has been selected for inclusion in the Independent Insurance Agents & Brokers of America (Big “I”) “Best Practices” Study Group. Each year since 1993, IIABA and Reagan Consulting, an Atlanta-based management consulting firm, …

People

Elizabeth Heck has been named president and chief operating officer of New York-based GNY Insurance Cos. She is a 20-year veteran of the insurance industry. She began her career with Ernst & Young, and worked in senior corporate accounting positions …