All the headlines from our Agencies Topic Page, ordered by recency.
Oct 10 2007 // Munich Re announced a new long-term “profitable growth strategy” aimed at increasing its share of both direct and broker reinsurance, as well as primary insurance, in the U.S. P/C market. The Group writes more...
Oct 9 2007 // The Alliance of Insurance Agents and Brokers helected new officers for the 2007-2008 year at its annual business meeting held Sept. 26-30. Elected were: President/CEO Joe Jimenez of CSIS Insurance; Vice President Scott...
Oct 9 2007 // California Gov. Arnold Schwarzenegger has signed insurance-related bills into law, including those affecting the California Earthquake Authority, excess investment and auto insurance licenses.Senate Bill 430 was signed on...
Oct 9 2007 // A lawsuit against a major reinsurance broker for alleged antitrust activity in Connecticut is being used to raise broader questions about the largely unregulated reinsurance business.Connecticut Attorney General Richard...
Oct 9 2007 // New York-based Kinloch Holdings, Inc., an insurance brokerage holding company focusing on middle market clients, has named William Corrigan as chief financial officer. Before joining Kinloch, Corrigan held a number of...
Oct 8 2007 // The Louisiana Department of Insurance investigated complaints earlier this year against Brooke from former franchisees in that state and cleared the company of all wrongdoing except for a few minor licensing snafus. The...
Oct 8 2007 // Florida’s insurance agents are advising consumers seeking coverage from Citizens Property Insurance Corp. to proceed cautiously, especially for those making comparisons with the private market.Coverage in the state...
Oct 8 2007 // Overland Park, Kan.-based insurance agency franchisor Brooke Corp. has been hit with a number of lawsuits that raise questions about its business dealings with agents who bought into its nationwide operation, which now...
Oct 8 2007 // Agent/Broker Liability Lin v. Metro Allied Ins. Agency Tex. App. 1st Dist., Aug. 31, 2007 Insurer liable under DTPA for its agent’s failure to procure insurance.An insured accepted a commercial general liability...
Oct 8 2007 // In early 2008, most drivers in Texas (read, “many of your insureds”) will come under the new Financial Responsibility Verification Program aimed at reducing the number of drivers without proper proof of...
Oct 8 2007 // Overland Park, Kan.-based insurance agency franchisor Brooke Corp. has been hit with a number of lawsuits that raise questions about its business dealings with agents who bought into its nationwide operation, which now...
Oct 8 2007 // Dismissal of corruption conspiracy charges follows earlier dismissal of antitrust complaintThe same federal judge who early in September dismissed all federal antitrust charges against Marsh & McLennan Companies and a...
Oct 8 2007 // Overland Park, Kan.-based insurance agency franchisor Brooke Corp. has been hit with a number of lawsuits that raise questions about its business dealings with agents who bought into its nationwide operation, which now...
Oct 8 2007 // Some of today’s most successful program managers have pulled the plug on association endorsements. They’re not anti-association but they have decided that these endorsements are not always worth the trouble or...
Oct 8 2007 // Program diversification helps to lighten the effects during increased competitionAs the property casualty market softens, insurance carriers will strive to figure out new ways to maintain recent levels of profitability....
Oct 8 2007 // Today’s small, medium-sized owners get more and better coverage options in their business owners policiesThe business owner policy (BOP) of today is not the BOP of yesterday, industry experts agree. When the first...
Oct 8 2007 // The U.S. House of Representatives has passed a measure updating the nation’s flood insurance program that will give homeowners the option of purchasing windstorm coverage as part of their flood policy.The legislation...
Oct 8 2007 // Plaintiffs fail to prove racketeering by Marsh, insurers and brokersDismissal of corruption conspiracy charges follows earlier dismissal of antitrust complaint The same federal judge who early in September dismissed all...
Oct 8 2007 // The Insurance Marketing Communications Association named its 2007/2008 slate of directors and officers, with Cora Barran of Farmers Insurance Group continuing as IMCA president for her second year.Barran is director of...
Oct 8 2007 // Former franchisees challenge Brooke agent dealingsBut fast-growing franchisor denies misleading any agents Overland Park, Kan.-based insurance agency franchisor Brooke Corp. has been hit with a number of lawsuits that...