All the headlines from our Agencies Topic Page, ordered by recency.
May 2 2011 // Tennessee insurance agents who come under investigation by the state will enjoy some new due process protections and face lower financial penalties if found in violation of any laws under a measure just signed into law.For...
May 2 2011 // Pending state legislative proposals, such as California’s AB 315, that would implement the Nonadmitted and Reinsurance Reform Act of 2010 (NRRA) are akin to the fly in the ointment.The NRRA becomes effective on July...
May 2 2011 // Vehicles used for recreational purposes such as RVs or boats carry distinct risks that require unique claims, coverage and concessions that automobile insurance does not. Before your client puts his boat in the water or...
May 2 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 from...
May 2 2011 // For agents across much of the Northeast, the last several months have brought spates of spring flooding — and has served as a reminder for what is poised to become a political battle this fall over frequent lapses and...
May 2 2011 // California Sen. Noreen Evans, D-District 2, has introduced legislation to grant explicit authority to the state Insurance Commissioner to order restitution as part of an administrative enforcement action against an...
May 2 2011 // InsuranceJournal.com Reader Poll Do you think P/C insurers, rating agencies and regulators place too much emphasis on computerized catastrophe models?Video Highlights Spring Flooding Renews Federal Flood Program...
May 2 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 from...
May 2 2011 // The role of health insurance agents under the new federal healthcare law is under review, again, by state and federal policymakers.Illinois Insurance Director Michael McRaith says the law’s medical loss ratio (MLR)...
May 2 2011 // Dallas-based insurance brokerage firm Roach Howard Smith & Barton (RHSB) appointed Tom A. Hughston as its new CEO.Hughston, previously the company’s executive vice president, is an established leader in the...
May 2 2011 // Georgia Gov. Nathan Deal is expected to sign into law a bill requiring that certificate of insurance forms be filed with and approved by the state insurance commissioner.Agent groups and insurance companies have had...
May 2 2011 // Novato, Calif.-based Fireman’s Fund Insurance Co. named Andrea James vice president, national sales leader. She will lead the National Broker team. This role establishes engagement and relationships at multiple...
May 2 2011 // Woe to the employer who is not attentive and actively engaged in health and safety.” That’s the warning the California Division of Occupational Safety and Health (Cal/OSHA) is giving employers in the Golden...
May 2 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...
May 2 2011 // Farmers and insurance agents who sell federal crop insurance policies may soon be required to certify that they are not participating any rebating or incentive schemes related to the sales of those policies.The 2008...
May 2 2011 // Errors and omissions insurance is available, and necessary, not just because mistakes happen. A customer’s perception can be that the reason a loss was not covered, valid or not, was the result of an agent’s...
May 2 2011 // Top 100 Agency Profile Rank: No. 18* Agency Name: Moreton & Co. Main Office: Salt Lake City, Utah Additional Locations: Sandy, Utah; Boise, Idaho; Denver, Colo.; Johnson, R.I. Year Founded: 1910 No. of Employees:...
Apr 29 2011 // More than a quarter of large U.S. based businesses are experiencing disruptions to their supply chains or contingent business interruptions as a result of the March earthquake in Japan, says a new report.A new Greenwich...
Apr 29 2011 // A 67-year-old Plaquemine, La., insurance agent has been sentenced to more than four years in federal prison for mail fraud that cost several of his insurance clients nearly $1.4 million.U.S. District Judge Brian A....
Apr 29 2011 // For the last 20 years, at least, consultants, associations and publications have been worrying about the future of the independent agency system because the average age of agency owners has been in the late 50s. The same...