Latest Agencies Headlines

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

Colorado Allstate Agents Hiring Announcement Follows Lackluster Jobs Report

Nov 4 2011 // In the wake of lackluster unemployment figures released on Friday a large insurance company is trying to draw attention to opportunities within Colorado in the industry and its firm.Friday’s report from the U.S....

Broker/Analyst Cheuvreux Urges Buffett to ‘Come to Europe’

Nov 4 2011 // Warren Buffett should come to Europe to tap regional champions at knock-down valuations, including in his favored sectors, Cheuvreux analysts said in an open ‘letter’ to the billionaire U.S. investor detailing...

Gorin Named Network E&S Insurance Brokers President

Nov 3 2011 // David J. Gorin has been named president of Network E&S Insurance Brokers LLC, a Simi Valley, Calif.- based managing general underwriter and wholesaler. Gorin’s immediate responsibility will be to establish and to...

Pennsylvania, Delaware Agent Groups Part Ways With PIA National

Nov 2 2011 // Two independent agent associations in the northeast said they will discontinue their affiliations with the National Association of Professional Insurance Agents (PIA).The Insurance Agents & Brokers of Pennsylvania...

Swett & Crawford Adds Casualty Broker in Pennsylvania

Nov 2 2011 // Atlanta-headquartered wholesale intermediary Swett & Crawford hired Chris Hendrix as a new casualty broker at its Philadelphia-North office. Hendrix comes to Swett from Southern Cross Underwriters (CRC) where he spent...

Agent Tax Lien Program Returns $2M to Ohio and its Citizens

Nov 1 2011 // A tax lien program that has collected more than $2 million in unpaid income tax, sales tax and workers’ compensation premium payments, Ohio Lt. Governor and Dept. of Insurance Director Mary Taylor announced. The...

New York AG’s Securities Fraud Lawsuit Against Charles Schwab Tossed

Nov 1 2011 // A lawsuit against Charles Schwab Corp. over auction-rate securities that was filed by former New York Attorney General Andrew Cuomo was thrown out by a state court judge.The 2009 lawsuit accused the San Francisco-based...

National Flood Insurance Program Offers Free Seminars for Penn. Agents

Nov 1 2011 // The National Flood Insurance Program (NFIP) said it is offering insurance agents free training seminars on flood insurance in several locations across Pennsylvania.The seminars will cover basic insurance issues and also...

Agents Can Advise Clients on Halloween Coverage, Accident Prevention

Oct 31 2011 // The Halloween night is filled with frightful risks. Fortunately. insurance agents can play a helpful role by advising their clients about coverage and accident prevention.• The Insurance Information Institute says...

Why Real Estate Professionals Need E&O Coverage

Oct 31 2011 // As real estate professionals know well, most signs point to slow progress in real estate industry growth. Professionals are left to manage their costs, make cuts where possible, keep up-to-date on industry trends, fight...

William Gallagher Settles With Regulators, Will Pay $1.7M

Oct 31 2011 // Insurance broker William Gallagher Associates Inc. will pay $1.7 million as a settlement with Connecticut regulators over allegations that it overcharged a client.The state regulators accused the Massachusetts-based broker...

BrokersLink Adds 8 New Members

Oct 31 2011 // BrokersLink, a major independent international insurance broker network, announced that new brokers had joined the organization in Israel, Indonesia, South Korea and the Caribbean. Its members’ managed premium...

Aon Profit, Brokerage Revenues Up in Q3; Hewitt Costs Take a Bite

Oct 28 2011 // Aon Corp. reported a profit jump for the third quarter ended Sept. 30, 2011. Net income increased 38 percent to $198 million, compared to $144 million for the prior year quarter.Total corporate revenue increased 51 percent...

Utica National Launches Cybersurance for Small Businesses

Oct 28 2011 // Between 2005 and 2010, more than 350 million personal records were exposed in reported data breaches alone. Those numbers include data, privacy and security breaches by cyber-criminals accessing sensitive company and...

Brokers Flock to Sign up for London Market’s Electronic Trading ‘e-Accounts’

Oct 28 2011 // The London market’s ambition to enable brokers to trade globally with it more easily has taken a significant step closer with phase one of e-Accounts now operational.Brokers using the system can “send and...

Massachusetts Agents Drop Ballot Effort on Credit Ban

Oct 27 2011 // The Massachusetts Association of Insurance Agents (MAIA) has agreed to a request from state lawmakers to withdraw the ballot initiative it filed in August to prohibit the use of credit scoring, education, and occupational...

High Hopes for High Tech: Interview with New Applied Systems CEO

Oct 27 2011 // Insurance agencies are under pressure to quickly adopt new technologies in order to keep up with competitors, according to a newcomer to the insurance industry who is now positioned to help agencies do just that.Reid...

Marsh Says Workers’ Comp Rates Fell 1.1% on Average in Q3

Oct 25 2011 // Workers’ compensation rates decreased an average of 1.1 percent and a median of 1.5 percent at renewal during the third quarter, according to Marsh. The New York-headquartered brokerage firm released the data on Oct....

California MGA Yates Adds Broker

Oct 24 2011 // Barbara Carey has joined Tustin, Calif.-based managing general agent Yates as an underwriter and broker. Carey spent the last eight years as senior broker and vice president of another California wholesale brokerage. Carey...

South Dakota Deputy, a Former Insurance Agent, Indicted on 4 Counts of Grand Theft

Oct 24 2011 // A Minnehaha County, South Dakota, grand jury has indicted a Douglas County Sheriff’s deputy on four counts of grand theft.Court documents say that while licensed as an insurance producer, 41-year-old Rob Hotchkiss...