Latest Agencies Headlines

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

Lloyd’s Welcomes North American Brokers

Jun 7 2011 // A group of 30 brokers from across the U.S. and Canada are set to visit Lloyd’s this week as part of an annually organized broker program. They will come to London for five days to “learn about the Corporation...

Agents Warn of Insurance Complications for NYC Contractors

Jun 6 2011 // Insurance agents are warning contractors in New York City that they may not be able to obtain increased coverage requirements called for by city regulations set to go into effect next week.Many of those new coverages are...

Catlin Launches Service Initiative for UK, Lloyd’s Brokers

Jun 6 2011 // The Catlin Group Limited announced a “major initiative by the Catlin Syndicate at Lloyd’s and Catlin UK to improve the service provided to brokers.”Catlin explained that as part of the new services its...

Declarations

Jun 6 2011 // The Final Straw?“It’s only a large U.S. event that can turn things around. The U.S. is the biggest insurance market with the biggest exposures.” —Amit Kumar, an analyst at Macquarie in New York. The...

People

Jun 6 2011 // Tina Wrotenbery joined Hub International Rigg (Hub Rigg) as a senior employee benefits consultant. Wrotenbery will move into Hub’s existing offices in Houston and will report to Charlie Reynolds, president, Employee...

A Focus on Providing Value Serves Minnesota Agent Well

Jun 6 2011 // Learn the business. Put your customers’ interests first. Take care yourself.Those are three messages Mark Z. Moores thinks young people entering the insurance business should take to heart. He should know. Some 30...

Consolidation Concerns

Jun 6 2011 // The big state agency that oversees insurance producers in New York will soon become a whole lot bigger – and that’s left a lot of agents in the Empire State wondering just how it will affect them.Later this...

Insurance Agents, Adjusters Vulnerable to Lawsuits Even When They’re not to Blame

Jun 6 2011 // Agents and adjusters have completely different roles in the insurance industry. But as intermediaries between insurance companies and their customers they have one critical thing in common: They often get called into...

People

Jun 6 2011 // The IMA Financial Group Inc. promoted three in the company’s employee benefits division to vice presidents.Gregg Kamas was promoted to vice president of IMA Financial Group and national practice leader of health risk...

4 Things Agents Should Do to Avoid E&O Claims

Jun 6 2011 // After handling insurance coverage claims for years, a distinct pattern has emerged: sometimes the insurance agent gets “caught in the middle” of a dispute between the policy holder and the insured. Often,...

People

Jun 6 2011 // Marsh & McLennan Cos. appointed Daniel S. Glaser to the newly created position of group president and chief operating officer. Glaser previously had been chairman and CEO of Marsh. He will continue to report to Brian...

Web Exchange

Jun 6 2011 // The sweeping federal health care reform law enacted last year is having a major bottom line impact on insurance agents. New rules preventing insurers from including commissions in medical loss ratios means some agents are...

People

Jun 6 2011 // West Virginia Insurance Commissioner Jane L. Cline will retire after 10 years on the job.Gov. Earl Ray Tomblin said Cline’s retirement will become effective June 30, 2011 and that he will name a replacement in the...

How Florida’s Agents Fared in Tallahassee

Jun 6 2011 // For those in the industry, Florida’s recent legislative session was a long march as they tried to navigate through a process that initially promised much in the form of a new governor and strong pro-business...

Franchisor Benefits from Unrest in Captive Insurance World

Jun 6 2011 // Ray Spears, Jeff Wilson, and Charles Donaldson in 2007 established GlobalGreen Insurance Agency as the brand name for the franchise network of independent agencies developed and operated by St. Louis, Mo.-based Equity One...

Agents View Carrier Consistency of Product, Price Critical in Relationship

Jun 6 2011 // Nearly half of independent insurance agents and brokers believe it is most important to their carrier relationships that companies are consistent in product and pricing in the marketplace, a new study co-sponsored by...

Catlin Stokes Broker Compensation Controversy

Jun 6 2011 // The simmering compensation conflict between London’s broker community and the underwriters they work with erupted following a keynote speech given by the Catlin Group’s chief executive Stephen Catlin at a...

People

Jun 6 2011 // New Jersey-based New Day Underwriting Managers promoted John Heft to senior vice president and director of its real estate practice. The 20-year industry veteran joined New Day in 2006, and has developed and managed the...

Mobile Food Vendor Market Explodes as Insurance Market Evolves

Jun 6 2011 // In just about every metropolitan area nationwide hungry customers can appease their appetites by visiting the neighborhood taco truck. The traditional taco truck sells more than just tacos these days – a lot more....

New York Agents Appealing Compensation Disclosure Ruling

Jun 6 2011 // The Independent Insurance Agents & Brokers of New York (IIABNY) says it is moving forward with a legal appeal of a court ruling that allowed the state to require agents to reveal their commissions to clients.The group...