Latest Agencies Headlines

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

Louisiana Agents See More Drivers Dropping Insurance

Apr 6 2009 // The Louisiana Workforce Commission said initial claims for unemployment insurance rose 3.4 percent for the week ending March 28 and remained at rates approaching double of those from a year ago. And amid these tough...

6 Steps to Take Before the Soft Market Hardens

Apr 6 2009 // Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the...

Workers’ Compensation Group Trusts: E&O Friend or Foe?

Apr 6 2009 // To start off, what exactly is a workers’ compensation group trust? Per the New York State Insurance Department Web site, it is:Workers’ compensation trusts have been in existence for many years and have been...

Defending Data

Apr 6 2009 // Data security represents both a new market opportunity to sell insurance coverage and a new risk – especially for independent insurance agencies that may not be compliant with data security laws or have plans to...

6 Steps to Take Before the Soft Market Hardens

Apr 6 2009 // Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the...

6 Steps to Take Before the Soft Market Hardens

Apr 6 2009 // Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the...

Workers’ Compensation Group Trusts: E&O Friend or Foe?

Apr 6 2009 // To start off, what exactly is a workers’ compensation group trust? Per the New York State Insurance Department Web site, it is:Workers compensation trusts have been in existence for many years and have been providing...

Regulators: AIG Not Using Bailout Funds to Under-Price Insurance

Apr 6 2009 // Despite some complaints by competitors, American International Group (AIG) does not appear to be using federal bailout funds to lower its insurance prices to keep and attract business, state and federal officials told a...

Florida Finds People Can’t Trust People’s Trust Insurance

Apr 6 2009 // One of Florida’s new startup property insurance companies that was expected to help pick up the slack when State Farm Florida exits the market has been barred from selling any new policies.The company was found to be...

What is Your Agency Worth?

Apr 6 2009 // Insurance agencies are like snowflakes, no two are alike.Most of the calls from prospective insurance agency sellers start with, “What are agencies selling for these days?” or, “What kind of multiple can...

6 Steps to Take Before the Soft Market Hardens

Apr 6 2009 // Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the...

People

Apr 6 2009 // Higginbotham & Associates, an independent insurance brokerage firm based in Ft. Worth, Texas, added employee benefits brokers John Collins, Dana Jones and Rob Marsh to its managing director team for 2009, in...

Five Reasons Why Agents Should Pay Attention to the Stimulus Package

Apr 6 2009 // The American Recovery and Reinvestment Act of 2009, or the Stimulus Package, is the largest infusion of government funds into the private sector in history. Although it does not include direct benefits to the insurance...

People

Apr 6 2009 // Barney & Barney appointed Arlene Lieberman, a principal of the firm, to the board of directors. This governing board is made up of senior leadership and has responsibility for overall governance matters and setting...

Five Tips for Agents From a Part-Time CFO

Apr 6 2009 // Tax time isn’t the only time insurance agents need someone to look at their books. Business owners should be informed monthly of their tax liability. In fact, agencies can benefit from having someone offer...

Liaisons Highlight Consumer Insurance Concerns

Apr 6 2009 // Insurance agents, brokers and regulators should be aware that when it comes to insurance, consumers are concerned with such issues as the use of credit scores in determining rates; purchasing policies over the Internet;...

6 Steps to Take Before the Soft Market Hardens

Apr 6 2009 // Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the...

Measurement of Success

Apr 6 2009 // Top 100 Agency ProfileRanking No.: 14 Agency Name: Bollinger Insurance Inc. Headquarters: Short Hills, N.J. Year Founded: 1933 Additional Locations: Princeton, Moorestown, Vineland, N.J.; New York City, N.Y.; Philadelphia,...

What’s So Special About Special Event Insurance?

Apr 6 2009 // The pitfalls of not placing special-event coverage, when it’s truly needed and available, can result in catastrophic losses to your insured, and possibly even damage the credibility of your agency and errors and...

Study: Agency Satisfaction Linked to Amount of Business Sent to Insurers

Apr 6 2009 // When it comes to an agency’s satisfaction with its personal lines insurance companies, commissions do not rank as tops. Nor do commissions rank second. In fact, out of six satisfaction factors, compensation from an...