Latest Agencies Headlines

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

Last Chance: Submit Today to be a Top 100 Independent Agency

Jun 10 2011 // Don’t miss your chance to participate in the 2011 Top 100 Property/Casualty Independent Insurance Agencies report.The extended deadline is now Friday, June 17! Insurance Journal’s Top 100 identifies the...

Ohio Insurance Agent’s License Revoked

Jun 10 2011 // Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor revoked the resident insurance agent license of Jeffrey Hum, of Toledo, Ohio, for violations of Ohio insurance law.A department review revealed that...

Ohio Revokes License of Non-Resident Insurance Agent

Jun 9 2011 // Ohio insurance regulators have revoked the non-resident insurance agent license of Karen Sloan, who resides in Green Pond, N.J., for violations of Ohio insurance law. The Ohio Department of Insurance said it has discovered...

Judge Signals $32 Million Settlement in Wells Fargo Bias Suit

Jun 9 2011 // A federal judge signaled that she would approve a settlement calling for Wells Fargo & Co. to pay $32 million to about 1,200 female brokers who claimed they were paid less than men and denied promotions because of...

Ohio: More than 2,000 Agents, Agencies Face $21.7 Million in Tax Liens

Jun 8 2011 // The Ohio Department of Insurance Fraud, Enforcement and License Division, with help from Ohio Attorney General Mike DeWine’s office, has identified nearly 2,230 agents and agencies that owe the state of Ohio $21.7...

Louisiana Insurance Investigators Allegedly Killed by Agent

Jun 8 2011 // Two investigators with the Louisiana Department of Insurance were shot and killed on June 7 while attempting to collect case information from an insurance agent in Ville Platte.Authorities believe that John Melvin Lavergne...

Calif. Agents Group Seeks Auto Insurance Persistency Discount

Jun 7 2011 // The American Agents Alliance announced it has submitted for title and summary an automobile insurance discount initiative that would allow consumers to receive a discount for having continuous automobile insurance,...

LexisNexis Insurance Exchange Now Available Industry-Wide

Jun 7 2011 // The LexisNexis Insurance Exchange, a system that promises to improve how property/casualty agents, brokers and carriers collaborate on commercial lines accounts, is becoming available industry-wide.The system simplifies...

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...