All the headlines from our Agencies Topic Page, ordered by recency.
May 31 2012 // A federal judge has spared a former Chicago executive the necessity of serving the final few months of his prison sentence for stealing millions from his insurance brokerage.U.S. District Judge Ruben Castillo, citing...
May 31 2012 // Wells Fargo & Co., which has been renewing its appetite for acquisitions lately, is interested in buying insurance sales businesses, its chief executive said on Thursday.“I love the insurance distribution...
May 31 2012 // Louisville, Kentucky-based Neace Lukens is continuing its expansion by acquiring the independent risk management and insurance broker, First Carolina Risk Management Advisors.The Charleston, S.C.-based First Carolina...
May 30 2012 // Insurance agency consultant Chris Burand is launching a new blog on insurance agency errors and omissions (E&O) issues on InsuranceJournal.comIn Burand’s Agency E&O Blog, the consultant will share E&O...
May 28 2012 // Jerry Cole II takes great pride in his career as a businessman, during which he’s sold millions of dollars in insurance policies.But there was one more thing he always wanted. Feeling as nervous as a 20-something,...
May 25 2012 // States participating in the Non-admitted Insurance Multi-state Agreement, or NIMA, have adopted a premium allocation method for distributing surplus lines premium taxes on casualty insurance.The adopted method aims to...
May 25 2012 // Claims by four of Wall Street’s main market makers against Nasdaq over Facebook’s botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with...
May 24 2012 // Combined Agents of America LLC (CAA), based in Austin, Texas, has a newly elected 2012-13 Management Committee.The new committe includes: President Roger Luttrell, president of Benton-Luttrell-Brown in Van Alstyne, Texas;...
May 23 2012 // In current practice insurance premium accounting is based on general ledger (GL) accounting. It is used by all agency management software applications: AMS, Applied Systems, etc., just to name a few. Developed more than...
May 23 2012 // San Diego, CA, 05/23/12 – Tech-savvy young independent insurance agents are changing how the property/casualty insurance industry operates, a new survey reveals.Jason D. Cass, owner of the JDC Insurance Group based...
May 22 2012 // A Utah insurance agent has been ordered to stop doing business in North Dakota. State Insurance Commissioner Adam Hamm says Bart Winterton of Vernal, Utah, operated as an insurance producer without being licensed in North...
May 21 2012 // Construction is the No. 1 target market of independent insurance agencies. Before the recession, construction often constituted 20 percent to 40 percent of medium to large agencies’ books of business. Independent...
May 21 2012 // The Mississippi Court of Appeals has upheld a ruling that the owners of a Bay St. Louis restaurant cannot collect more than $300,000 they claimed to be owed by a local insurance agent after their business washed away in...
May 21 2012 // Every year, errors and omissions (E&O) claims arising out of the placement of workers’ compensation account for approximately 10 percent of all claims. Many of those workers’ comp claims are well in excess...
May 21 2012 // Wal-Mart and independent agencies seemingly have little in common. Not so. There are many helpful ideas to cull from Mr. Walton’s amazing odyssey from one store to the largest retailer in the world — as revealed in...
May 21 2012 // There’s a small green reptile that seems to have become ubiquitous in all of our lives. It is constantly popping up on our television screens and speaking to us on the radio. Amazing as it may seem, a cartoon...
May 21 2012 // The challenges of today’s economy appear to be driving some independent agents into new niche insurance markets and product lines.Almost 60 percent of independent agents say they have begun to or plan to expand into...
May 21 2012 // Neace Lukens, Matrix BenefitsNeace Lukens has completed its acquisition of Matrix Benefits and Consulting Group, a Ft. Wayne, Ind.-based consulting firm. Matrix employees will report to the Neace Lukens Indianapolis office...
May 18 2012 // North Dakota Insurance Commissioner Adam Hamm announced he has served a cease and desist order against Tim Everett, a Grand Forks area insurance agent who is alleged to have created fictitious insurance policy applications...
May 18 2012 // The Northern United Agents Alliance (NUAA), an independent agency partnership based in New Hampshire, added two new agency members. The new members are: Maloney Associates Insurance in Hanover, N.H., and Bernier Insurance...