Covered California recognizes that general agents
may be of considerable assistance in achieving this mission," the exchange managers say.
Founded as the Association of Fire Insurance General Agents
in 1926, the association expanded and changed its name in 1930 to become the American Association of Insurance General Agents
before becoming AAMGA in 1948.
He said those novices learned their business at the desks of the underwriters of general agents
which made it possible for them to expand to sell on a more and more sophisticated bass Premium volume began to soar and the insurance companies in the city began to assume the status of major organizations, Weghorn said.
based Concord General Agency and president-elect of the American Association of Managing General Agents
must be involved in the communities in which they are doing business and have a public relations plan tied to their recruiting objectives.
These actions follow the previously announced sale of General Agents
Insurance Company of America (General Agents
) in November 2007.
Managing general agents
have underwriting authority from carriers and the carriers were adamant that their managing general agents
follow the appropriate underwriting standards, particular with new compliance rules governing the marketplace.
Best has withdrawn the ratings and assigned a category NR-5 (Not Formally Followed) to General Agents
MGA Insurance) (Dallas, TX) have entered into definitive agreements to sell General Agents
to Montpelier Re U.
established in 1986, is a leading provider of front-office systems for insurance companies, banks, broker-dealers, general agents
, agents, and investment advisors, E-Z Data solutions are used by more than 100,000 advisors worldwide and over 50 leading financial services companies, including Ameriprise Financial, HSBC, MetLife, National Financial Partners, Prudential, and Securian.
A byproduct of many of the mergers and acquisitions is that smaller wholesale brokers and managing general agents
are becoming more regionalized.
has affirmed the financial strength rating of B (Fair) for General Agents
Insurance Company of America, Inc.