Latest Agencies Headlines

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

West Virginia’s BrickStreet Won’t Insure Firefighters, State Agencies

Mar 10 2011 // The company created by West Virginia to provide workers’ compensation insurance no longer wants to cover state agencies, prompting lawmakers to consider alternative policy options.The Senate Finance Committee learned...

Heffernan Insurance Brokers Adds Murphy to Board

Mar 10 2011 // Walnut Creek, Calif.-based Heffernan Insurance Brokers has added Leslie Murphy to its board of directors. Murphy has been the CEO of W. Bradley Electric Inc. for nearly 20 years. With more than 200 employees, WBE is the...

Intercare Specialty Risk Insurance Mergers with PRM Insurance

Mar 9 2011 // Rocklin, Calif.-based Intercare Specialty Risk Insurance Services Inc. and PRM Insurance Services Inc. have inked a contractual agreement for the companies to work together under the management of newly formed Phoenix Risk...

Young Agents: What Are YOU Thinking? Exclusive Survey

Mar 9 2011 // Young property/casualty insurance agents and brokers across the U.S. are being called upon to answer some questions … and have some fun.Gen X, Gen Y agents: who are you? What do you really think about your career?...

FERMA Calls for ‘Mandatory’ Protocol for Broker/Company Transactions

Mar 9 2011 // The Federation of European Risk Management Associations (FERMA) has issued a response concerning the revised European Insurance Mediation Directive (IMD), which states that it “should incorporate binding standards of...

How California Bill Implements Federal NRRA Surplus Lines Reform

Mar 8 2011 // The Nonadmitted and Reinsurance Reform Act (NRRA), Subtitle B, Part I, Dodd-Frank Wall Street Reform and Consumer Protection Act, reaches out and touches California on July 21, 2011. In anticipation of its effective date,...

West Virginia Agents Balk At Health Insurance Exchange

Mar 8 2011 // With the Legislature’s minority Republicans already opposing the pending bill, West Virginia’s independent insurance agents are wary of this session’s bid to create a state-run health insurance...

Republican Flood Insurance Bill Gets Positive Initial Reception

Mar 8 2011 // A Republican draft of legislation to reform the federal flood insurance program would renew the program for five years, phase out most rate subsidies, tie coverage limits to the rate of inflation, vary the deductible by...

U.K. Brokerage Acquires Dallas-based CSI Entertainment Insurance

Mar 8 2011 // Doodson Broking Group, an entertainment insurance specialist based in the United Kingdom, has acquired Dallas-based CSI Entertainment Insurance to form Doodson Entertainment.The partnership creates an insurance broker for...

Schulte Joins Lockton’s Brokerage Team in St. Louis

Mar 8 2011 // Insurance brokerLocktonhas added Scott Schulte as producer in its St. Louis, Mo., office.Schulte brings more than 13 years of experience in the health care industry to Lockton.His employee benefits consulting expertise...

Heffernan Insurance Brokers Adds Murphy as New Board Member

Mar 8 2011 // Walnut Creek, Calif.-based Heffernan Insurance Brokers, one of the largest independent insurance brokerage firms in the United States, has added Leslie Murphy to its board of directors. Murphy is a Marin County resident...

E&O Insights: Common Auto, Homeowners Errors

Mar 7 2011 // When dissecting Errors & Omissions claims frequency, it is apparent there is real E&O exposure for agencies writing personal auto and/or homeowners coverage. The latest reports show that 25 percent to 30 percent of...

Bed and Breakfast Industry Makes Room for Web

Mar 7 2011 // The bed and breakfast industry is shaking off its fusty, lace and ruffles image in a serious attempt to attract younger patronage and embrace the Internet age.The strategy could greatly increase the industry’s...

Agency Management by TV Reality Shows

Mar 7 2011 // Reality shows have taken over television. Every network has at least a few each week. They range from absurd spin-offs of Japanese game shows to personal challenges/competition to a day-in-the-life of somebody in New...

People

Mar 7 2011 // The Property Casualty Insurers Association of America named Jeffrey Junkas regional manager, state government relations. Junkas brings to PCI 15 years of public affairs experience, including six in the property/casualty...

Florida’s E&S Brokers: Doing Business in a World Gone Flat

Mar 7 2011 // Brokers Hoping Improving Economy, Changes in Tallahassee, Rate Deregulation Will Bring Some ReliefThe numbers alone tell the story. According to the Florida Surplus Lines Office, the total surplus lines premiums written in...

People

Mar 7 2011 // Jennifer McPhillips has been promoted to senior director of federal government affairs for the Independent Insurance Agents & Brokers of America (the Big “I”) and will serve as one of the...

Pennsylvania Considers Tort Reform, Again

Mar 7 2011 // Pennsylvania lawmakers are once again eyeing a tort reform package — a resurrection of the “Fair Share” act — that many in the insurance industry say would rein in what critics say is a legal system abused...

California Earthquake Authority Targets $5 Million to Help Agents Sell Insurance

Mar 7 2011 // New Zealand’s 6.3 magnitude Christchurch earthquake is expected to be one of the costliest global insurance events since 2008, with total insured losses ranging between $3 billion and $12 billion. And it’s not...

Texas Windstorm Insurance Litigation Costs Too High, Lawmaker Says

Mar 7 2011 // The amount the Texas Windstorm Insurance Association (TWIA) has paid out in litigation costs as a result of lawsuits stemming from Hurricane Ike claims is far too high, said one Texas lawmaker who’s working on...