All the headlines from our Agencies Topic Page, ordered by recency.
Dec 1 2010 // AmWINS Group announced that effective Dec. 1, the Texas operations of Colemont Insurance Brokers has been officially renamed AmWINS Brokerage of Texas.AmWINS and Colemont announced in April 2010 that they planned to merge....
Dec 1 2010 // Typically, when looking to move an account from one carrier to another, you can count on some degree of similarity in policy forms. For the most part, a general liability policy with one standard company will look similar...
Nov 29 2010 // State insurance regulators have established a task force to monitor the negative effects the new federal health reform law might have on health insurance agents and brokers.The National Association of Insurance...
Nov 29 2010 // An insurance agent who conned a Grand Forks, N.D., real estate company into paying for nonexistent home insurance policies has been given four years of probation.A judge also ordered 44-year-old David Glessner to have four...
Nov 29 2010 // The ongoing downturn in the real estate market is forcing many professionals to make tough choices on where to trim expenses. While during a hot real estate market realtors would not consider dropping their errors and...
Nov 29 2010 // The Texas Department of Insurance issued a bulletin reminding insurance companies and agents that misrepresentation of insurance policies by failing to state a necessary material fact, or by making a statement in a manner...
Nov 24 2010 // Ohio-based wholesale insurance broker and program administrator Breckenridge Insurance Services has acquired the assets of International Placement Services, LC (IPSICO), a wholesale insurance brokerage firm in St. Louis....
Nov 24 2010 // The UK’s insurance industry has spawned numerous professional and trade associations over the years, but, oddly enough, one of the most important sectors, the managing general agents, or MGA’s, who underwrite...
Nov 24 2010 // The IIAH Young Agents of Houston kicked off their second Annual Be An Angel Drive with a silent auction that was held at the IIAH 2010-2011 Officer Installation Dinner in September. By the end of the night, the Young...
Nov 24 2010 // The California Department of Insurance is delaying for six months the implementation of a new licensing requirement for fire and casualty licensees that want to sell health insurance. AB 2782 would have required existing...
Nov 23 2010 // Sierra Specialty of Clovis, Calif., has added Jean Silberstein as a broker to expand the company’s presence in Hawaii. Silberstein moved to Hawaii in 1978 and worked in the insurance wholesale business before...
Nov 23 2010 // Americans’ spending hits a fever pitch during the holidays and two days in particular – “Black Friday” and “Cyber Monday” – leave retailers and consumers vulnerable to different...
Nov 22 2010 // The insurance technology platform that promises to streamline transactions between insurance agents/brokers and their carriers now has a formal advisory board to guide data privacy, pricing and other policies.The new...
Nov 22 2010 // New York agents failed to make their case that insurance regulators cannot require agents and brokers to disclose their commissions, a Supreme Court judge has ruled.That just-released decision by Supreme Court Justice...
Nov 22 2010 // As insurance brokers feared, the Obama Administration has not exempted broker commissions from the formula for the medical loss ratio that health insurers must adhere to beginning in 2011.Brokers say they may ask Congress...
Nov 18 2010 // Assurex Global, the international network of independent insurance brokers, has added Houlder Insurance Brokers Far East Limited of Hong Kong to its exclusive list of Partners, bringing total membership in the network to...
Nov 18 2010 // Celebrity wrestler Hulk Hogan’s attorneys have added his ex-wife as a defendant to a lawsuit against his insurance broker for allegedly failing to adequately protect his fortune. The lawsuit claims Wells Fargo...
Nov 18 2010 // Insurance Brokers and Agents of the West (IBA West) is working to persuade the California Department of Insurance to phase-in implementation of provisions of a new law (AB 2782) that will require property/casualty...
Nov 18 2010 // Today’s soft insurance market, reduced commissions and a tough economy for agency owners and their clients might be adding to agency errors and omissions (E&O) exposures. But agency owners are not the only ones...
Nov 17 2010 // Rockwood Reduces Premiums for Its Life Agent E&O ProductRockwood Programs, Inc. has implemented premium reductions of about 20 percent for its life agent’s errors and omissions (E&O). More significant savings...