Latest Agencies Headlines

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

West Virginia Seeks Bids on Workers’ Compensation for State Agencies

May 20 2011 // West Virginia is prepared to solicit bids from workers’ compensation insurers to provide coverage for its state employees.The West Virginia insurance department is scheduled to post the request for proposals on its...

Catlin Stokes Broker Compensation Controversy

May 20 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 this week...

Agency Salary Survey Reveals Frozen Salaries; Time to Evaluate Compensation

May 19 2011 // Any business owner knows that a great employee is worth a lot. That holds true for independent insurance agencies when it comes to great producers and the employees that support them.Agencies need good producers, says Al...

Why Bragging May Create a Greater Legal Duty of Care

May 19 2011 // It has often been said that every attorney has a little larceny in his heart. In similar fashion, it could be said that every insurance agent has a little puffery in his heart regarding his book of business, background and...

Agents’ Group Gives $100K to Texas Volunteer Fire Departments

May 19 2011 // Independent Insurance Agents of Texas (IIAT) and its Trusted Choice agents are donating more than $100,000 to the State Firemen’s and Fire Marshals’ Association (SFFMA) to assist volunteer fire departments.The...

Integro Acquires Argo Insurance Brokers

May 18 2011 // Insurance brokerage and risk management firm Integro has acquired Argo Insurance Brokers, a San Francisco Bay Area broker offering commercial, private client services, employee benefits and specialty insurance programs....

Allstate Targets Online Insurance Sales; Buys Esurance, Answer Financial

May 18 2011 // In a bid to capture more business from customers who shop online, giant Allstate Corp. has agreed to pay $1 billion to buy two popular online insurance sellers — Esurance and the associated site, Answer...

Cooper Gay/Swett & Crawford Establish Marine Broker

May 18 2011 // Cooper Gay Swett & Crawford Ltd (CGSC) announced the establishment of a specialist marine insurance broker, Junge Verzekeringsmakelaars NV, in Antwerp. The office is part of Junge & Co, which is affiliated with...

Finaccord Forecasts Growth for Europe Professional Indemnity Coverage

May 18 2011 // A new study from financial market research consultants Finaccord forecasts that the market for professional indemnity insurance across ten European countries – Belgium, France, Germany, Italy, Netherlands, Poland,...

Wash. Agents Can File Contractors’ Proof of Insurance Online

May 17 2011 // Washington’s Department of Labor and Industries (L&I) has created an online system for insurance agents to create, cancel and reinstate general liability insurance certificates for contractors registered in the...

Florida Gov. Scott Signs Property Insurance Cost Control Bill

May 17 2011 // Florida Gov. Rick Scott has signed into law legislation that promises to lower costs for the state’s property insurers, including what they pay on sinkhole claims.While the memory of former Governor Charles...

Submit Today: Top 100 Independent Insurance Agencies

May 17 2011 // Once again, Insurance Journal is on the search for leading privately-held property casualty independent agencies and brokerages for its annual Top 100 Property/Casualty Independent Insurance Agencies report.Top Overall...

Agents View Carrier Consistency of Product, Price Critical in Relationship

May 16 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...

Brassard Elected Chair of IIABNY

May 16 2011 // Insurance agent Christopher A. Brassard has been elected president of Independent Insurance Agents & Brokers of New York Inc. (IIABNY), heading a new slate of officers for the state trade group.Brassard — who...

USG Adds MacLachlan as Property Broker

May 16 2011 // USG Insurance Services Inc., a national wholesale broker of commercial insurance, has added Douglas MacLachlan as a property broker, out of the Palatine, Ill., office. MacLachlan most recently held a position as a property...

Cat Bond Investors Not Scared Off by Japan Quake

May 16 2011 // The catastrophe bond market seems to have survived the Japanese earthquake, its biggest test since the Lehman Brothers bankruptcy, with investors still likely to consider the sector despite millions of dollars of...

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

May 16 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...

Survey: Commercial Lines Prices Fall 3% in Q1

May 16 2011 // Commercial property/casualty pricing declined again with an average decline of 3 percent in the first quarter of 2011. But according to a new industry survey, the pace of pricing declines may be slowing down.The market...

Agents Tell Regulators Commissions, Consumers Hurt by Medical Loss Rule

May 16 2011 // “The impact of the medical loss ratio has been dramatic on the agents and brokers in this country and it was dramatic immediately.”That’s a quote from Beth Ashmore, an independent insurance agency owner...

Pennsylvania House OKs Workers’ Comp Changes

May 16 2011 // Pennsylvania House lawmakers have approved new legislation that would allow insurers to write workers’ comp coverage to owners and principals of businesses.Agents in the state had sought the change to correct a...