Latest Agencies Headlines

All the headlines from our Agencies Topic Page, ordered by recency.

Leading By Creating

Dec 5 2011 // Top 100 Agency Profile Agency Name: Confie Seguros, trading under Freeway Insurance Headquarters: New York, N.Y. Year Founded: 2008 Additional Locations: California, Arizona, Washington, Oregon, Texas, New York, New...

How to Reduce the Risk When Buying Agency E&O Coverage

Dec 5 2011 // Agents shopping for errors and omissions coverage should compare the details of the policies because not all E&O policies are the same, according to experts in this market.As Scott Goodreau, chief risk officer for...

People

Dec 5 2011 // The Independent Insurance Agents and Brokers of America (Big “I”) recently presented Caliper Corp.’s founder and CEO Herb Greenberg with its chairman’s award.Greenberg was presented with the award...

Architects & Engineer Class Held Hostage by Price Cutting, Overcrowding

Dec 5 2011 // Even with historically low rates, tough competition, and a reduction in business, the architects and engineers professional liability class is still very highly sought after, with new players jumping in regularly.Some...

Aon to Close Agency Specialty Product Network (ASPN) by Year’s End

Dec 2 2011 // Aon is closing down Agency Specialty Product Network (ASPN), a subsidiary, by the end of the year.“Aon values the long-term relationships developed with local agents and brokers and we remain committed to developing,...

Are You Prepared for the Changing Insurance Market?

Dec 2 2011 // In today’s personal property/casualty insurance market, agents and brokers face increasing uncertainty. Staying the course is no longer an option to drive profitable growth. You must be informed of the latest market...

Turning Construction Red Flags into Opportunities

Dec 2 2011 // The role of an agent or broker as a trusted advisor to contractor clients is more important than ever given today’s challenging business environment. One of the many ways you can add value to your client...

Penn.-based Broker KMRD Partners Acquires General InsurCorp

Dec 2 2011 // KMRD Partners, a Warrington, Penn.-based risk management consulting firm and property/casualty insurance broker, has acquired assets of General InsurCorp. Based in West Chester, Penn., General InsurCorp has been operating...

IIABNY Advises Motorists: Don’t Skimp On Auto Liability Insurance

Dec 1 2011 // The Independent Insurance Agents & Brokers of New York is advising motor vehicle owners not to skimp when they buy auto liability insurance.Auto liability insurance pays for amounts the insured person owes as damages...

Can Claims Handling Cause an Errors & Omissions Claim?

Dec 1 2011 // The answer to the question posed in the headline is a definite “yes.” This has actually developed into a significant issue for agents and is one of the current errors and omissions (E&O) hotspots agents...

How to Produce and Keep Happy Claimants

Dec 1 2011 // The best way to keep agency customers happy is to avoid claims in the first place but, of course, that’s easier said than done.When claims do happen, independent agents can play a valuable role in determining whether...

Safety Oversght of Government Aircraft Lacking

Nov 30 2011 // Nonmilitary government agencies operate more aircraft than the world’s largest airline but are subject to little federal safety oversight — a situation accident investigators say has contributed to air crashes and...

CRC Names Brooks Broker in Southern California Office

Nov 29 2011 // CRC Insurance Services named Robert Brooks as a property and casualty broker in the company’s Santa Ana, Calif. office. Brooks was previously a broker at RPS/Lemac. Before that worked in various underwriting...

Texas Regulator Abstains from MLR Vote; Says State Requested Waiver

Nov 29 2011 // The National Association of Insurance Commissioners (NAIC) has adopted a resolution urging Congress to amend the Medical Loss Ratio (MLR) provisions of the Patient Protection and Affordable Care Act (PPACA) to ensure...

Michigan Regulators Suspend Iron Mountain Insurance Agency, Agent

Nov 29 2011 // The Michigan Office of Financial and Insurance Regulation (OFIR) has summarily suspended the licenses of Erickson & Associates Inc. (E & A), an Iron Mountain insurance agency, and insurance agent Edward Erickson,...

How to Compete for Personal Lines with the Direct Writers

Nov 28 2011 // Let’s face facts. It’s unlikely that any individual independent agency will ever “beat” the direct writers. They have massive marketing budgets, a strong online presence, great name recognition, and...

Former North Dakota Insurance Agent Admits to Mail, Wire Fraud

Nov 28 2011 // A former Minot, N.D., insurance agent has pleaded guilty to mail and wire fraud charges in federal court.Court documents indicate Alan Henning embezzled nearly $1.2 million between 2005 and 2010 from his employer, West...

Willis UK Networks Given ‘Chartered Insurance Brokers’ Status

Nov 28 2011 // The Willis UK brokers Networks team has been awarded the title of “Chartered Insurance Brokers” by the Chartered Insurance Institute (CII).The Willis Networks team manages Willis Networks, comprising the Willis...

The Competitive Advantage: Procedural Consistency and Agency E&O

Nov 22 2011 // I have often been asked why procedural consistency is important for reducing errors and omissions (E&O) exposures. Another way of asking the question is, “Why is inconsistency an issue?”Let’s first...

Agency E&O Survey: Why Agents Buy Coverage

Nov 22 2011 // Agency owners have a lot to protect. Of course, first and foremost they must protect their clients.But they must also protect their book of business. They must protect their relationships. They must protect their...