All the headlines from our Agencies Topic Page, ordered by recency.
Dec 11 2009 // Len Kline and his business partners, the private equity firms Parthenon Capital and Century Capital Management, had an ambitious goal when they created Kansas City, Mo.-based Ascension Insurance Inc. in late 2007. They...
Dec 11 2009 // Walnut Creek, Calif.-based Heffernan Insurance Brokers has hired Cecille Feliciano as vice president in its Los Angeles office. She will be focusing on employee benefits, new business development, and account management...
Dec 10 2009 // A St. Bernard Parish, La., agent has been arrested by the Louisiana State Police Insurance Fraud/Auto Theft Unit and served by Department of Insurance Fraud Section Investigators with a cease and desist order, summary...
Dec 10 2009 // The new year is likely to bring new compensation disclosure rules for New York insurance producers.A pending regulation allows agents and brokers to accept incentive pay from insurers that is tied to volume and production,...
Dec 8 2009 // Randy Jay Barrett, 41, of Canoga Park was sentenced to 240 days in jail and five years probation after pleading guilty to one count of felony grand theft. Barrett was also ordered to make restitution to his victim and a...
Dec 8 2009 // Wells Fargo Insurance Services, Inc. has acquired iLeader Risk Management Solutions, a single office, insurance brokerage located in Tampa, Fla., and Orca Bay Benefits, LLC, a single office, employee benefits insurance...
Dec 7 2009 // Rolling Meadows, Ill.-based Associated Agencies Inc., has hired Helene R. Berns as an account executive.Berns is licensed in all areas of insurance, offering service to those needing auto, home, commercial and other...
Dec 7 2009 // Insurance agency owner Craig Randall, 52, of Porter Ranch has been found guilty of 13 counts of theft of funds by a broker or agent, two counts of forgery, one count of attempted theft of funds and one count of attempting...
Dec 7 2009 // Aon Risk Services, the risk management and insurance brokerage business of Aon Corp., said it has agreed to acquire Allied North America, one of the largest independent surety and construction insurance brokerage firms in...
Dec 7 2009 // New York State will begin requiring electronic fingerprints of people seeking certain professional insurance licenses– but not agents and brokers.The electronic fingerprinting will be part of background checks...
Dec 6 2009 // The San Diego office of Lockton Cos. hired Bud Cole in the company’s employee benefits practice as vice president and senior consultant. Cole will serve as a liaison between clients and the Lockton benefits team,...
Dec 6 2009 // The 2,074-page health care bill includes a range of items that some say could be time bombs in waiting for some agencies – or new opportunities.Until this year, health care was a minor blip on the radar of insurance...
Dec 6 2009 // Ohio Attorney General Richard Cordray has filed a lawsuit against national securities and credit ratings agencies Standard & Poor’s, Moody’s and Fitch over what the AG’s office called “false...
Dec 6 2009 // According to the U.S. Bureau of Labor Statistics, the seven fastest growing industries between now and 2016 are:Beyond the need for “ordinary” coverages (i.e., property, liability and automobile), each of these...
Dec 6 2009 // In times likes these, where the insurance industry is now in its fifth year of a soft market, the use of an agency captive insurance company can spark both revenue and profits to improve an agency’s overall financial...
Dec 6 2009 // Many businesses have created a mission statement or company vision describing why they are in business and where they want to go. When properly crafted and incorporated, these statements are a guiding light for defining...
Dec 6 2009 // Correction: Top Personal Lies Agencies The Top 2009 Personal Lines Agencies list that was published in the Nov. 16 issue of Insurance Journal was incorrect. Unfortunately, columns of spreadsheet data shifted in the process...
Dec 4 2009 // An insurance company has won a victory over one of its former West Virginia agents who claimed the insurer violated state antitrust law when it cancelled his contracts to sell its life and property/casualty insurance...
Dec 4 2009 // A 38-year-old insurance agent in Reno has pleaded guilty to felony insurance fraud after he was accused of writing fake policies for friends and relatives who were unaware of what he was doing. Bradley Buchanan admitted to...
Dec 4 2009 // Insurance agents are pleased that the House of Representatives is paying attention to the estate tax but want lawmakers to seize the opportunity to reform the tax rather than simply extend current provisions.Yesterday, the...