All the headlines from our Agencies Topic Page, ordered by recency.
Aug 3 2009 // Al Diamond is one of the country’s best known and respected agency management consultants. His firm, the Agency Consulting Group, is based in Cherry Hill, N.J. He deals with agencies across the country on issues...
Aug 3 2009 // We are very concerned that the proposed sale appears to be driven by the need for cash.The California Legislature has passed the 2009-10 budget, instituting cuts and other measures to solve a $25.3 billion shortfall. The...
Aug 3 2009 // When asked to list the major strengths of their agency, most owners usually include the agency’s quality of service to the client. In the typical agency, the customer service representative is the foundation of good...
Aug 3 2009 // Main Street businesses may still be trying to recuperate from the recession, but independent insurance agencies report that it has not been as disruptive as initially predicted, an exclusive survey reveals.The survey...
Aug 3 2009 // Insurance brokerage mergers and acquisitions in the second quarter of 2009 was nearly half of what is was during the second quarter of 2008. Just 39 transactions were announced from April through June compared to last year...
Aug 3 2009 // Top 20 Banks in Insurance Brokerage Fee Income (2008/Nationally) Rank 2008 Insurance Brokerage Fee Income Bank Name City, State Web site 1 $860.34 million Branch Banking and Trust Co. Winston Salem, N.C. www.bbt.com...
Aug 3 2009 // Insurance Journal asked leaders of this year’s Top 100 Agencies about some of their best and worst management decisions ever made, sales ideas that worked, the biggest challenges facing their agencies today and how...
Aug 3 2009 // About This Report: The economy, soft market and industry consolidations continued to shake up the nation’s leading independent insurance agencies in 2008. Still, nearly half, or 45 percent, of the privately-owned...
Aug 3 2009 // Top 100 Privately-Held Property/Casualty Agencies Ranked by Total 2008 P/C Premium Written 2008 Rank Agency Name, Main Office 2008 P/C Premium Written 2007 P/C Premium % Premium Change 2008 Other than P/C Premium 2008 P/C...
Aug 3 2009 // Top 20 Bank Holding Companies in Insurance Brokerage Fee Income (2008/Nationally) Rank 2008 Insurance Brokerage Fee Income Bank Holding Company Name City, State 1 $1.60 billion Wells Fargo & Co. San Francisco, Calif....
Jul 30 2009 // The U.S. House of Representatives passed the National Flood Insurance Program (NFIP) Extension Act of 2009, H.R. 3139, which extends the program until March 31, 2010. The NFIP is currently set to expire on September 30,...
Jul 30 2009 // In a filing of financial results for the second quarter 2009, Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. reported that amended settlement agreements with the Illinois Attorney General and the...
Jul 30 2009 // Bankruptcy. It’s a word agents and brokers will need to get used to hearing from their business clients. It’s not just occurring on Wall Street; it’s happening every day on Main Streets across the country...
Jul 29 2009 // The Independent Insurance Agents of Central Texas announced the following new board members for 2009-2010: President Steven Lewis, Anco Insurance Vice President Kyle Paschall, Naler Insurance Agency Past-President Don...
Jul 29 2009 // Arthur J. Gallagher & Co. reported a slight drop in organic revenue of just 0.3 percent for the second quarter 2009 for its combined insurance brokerage and risk management units.For the quarter ending June 30, 2009,...
Jul 28 2009 // The Independent Insurance Agents and Brokers of Arizona Inc. (IIAB of Arizona) has appointed Steve R. Goble from The Mahoney Group in Mesa, Ariz., as its state national director. Goble replaces Roberta Hoffman, who has...
Jul 28 2009 // Colemont Insurance Brokers announced that Kevin Zinter has been promoted to broker in the company’s Chicago office. Zinter joined Colemont in 2005 and specializes in the brokerage of financial services products. He...
Jul 28 2009 // OdysseyRe Holdings Corp. has appointed Lambert Morvan as Senior Vice President and Chief Agent, with responsibility for the management of OdysseyRe’s Canadian operations within the Americas Division. He will be based...
Jul 27 2009 // Congress must consider radical reforms to improve the accountability and reliability of credit rating agencies like Moody’s Corp. and McGraw-Hill Cos. Inc.’s Standard & Poor’s, a top U.S. lawmaker...
Jul 24 2009 // The California State Senate passed a package of bills early Friday morning, revising the 2009-10 budget, that was passed in February, with $24.2 billion in deficit reduction solutions and a $921 million reserve; in total...