Forrest T. Jones & Company Launches National Professional Liability Insurance Program

Kansas City, MO – Forrest T. Jones & Company (FTJ) announced that it has completed an agreement with Arch Insurance Company to serve as the Program Administrator for Arch’s accountants professional liability insurance program. FTJ will market, underwrite and administer the program under its ProDefender™ product line to CPAs and CPA firms with annual revenues up to $5 million. The program will be offered to eligible accountants on an admitted basis in 28 states. ProDefender’s comprehensive coverage is designed to meet the needs of CPAs and CPA firms performing a…

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Usher’s accuser sues insurance broker for sharing private herpes medical information

lawsuit Usher’s insurance broker company

Laura Helm has filed a lawsuit against the team that shared her sensitive data in the Usher case. The case involving women accusing Usher of willingly spreading his herpes has returned to the headlines with a lawsuit against an insurance broker. This time, one of the accusers, Laura Helm, has sued three health insurance companies that allegedly shared her private medical records without her permission. Helm’s lawsuit is against Blue Cross & Blue Shield of Louisiana, United Healthcare, and Golden Rule Insurance Company. She claims to have filed her “private…

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Zenefits slapped with unlicensed insurance sales fine

auto insurance practices fine penalty

New York regulator has fined the startup $1.2 million for selling health benefits without adequate licensing. Zenefits, a health benefits broker, has been hit with a $1.2 million fine by the financial services regulator in New York. The penalty was issued for allowing unlicensed insurance agents to advise, negotiate and sell health insurance policies. This is only the most recent regulatory strike against the software startup and is likely to be a painful one. Zenefits is no stranger to being accused of unlicensed insurance activities. The first of these issues…

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State Farm Insurance and other insurers slapped with Washington fines

state farm insurance and insurer fines

The state’s insurance commissioner has issued the penalties to brokers and agents as well. Washington Insurance Commissioner Mike Kreidler has slapped State Farm Insurance, other insurers, agents and brokers with a number of fines throughout January. These fines totaled $15,000 and were issued for having violated the state’s insurance industry regulations. The largest fines the commissioner doled out were to State Farm Fire & Casualty Co. from Bloomington, Indiana. State Farm Insurance saw two thirds of the total fines from the Washington insurance commissioner. They were ordered to pay $10,000…

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Internet or insurance agent – Will websites shut down neighborhood agencies?

Insurance Agent News

As more people go online to shop for and purchase policies, what will happen to professionals in this industry? Despite the fact that many large insurers are making it possible for consumers to shop online to purchase the coverage that they need, many still feel that the insurance agent still does – and will continue to – play a vital role in this industry and agencies won’t be headed anywhere for the next several years. In fact, at the same time that websites are offering more self-service features, more agents…

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Insurance agents: Wake up and smell the competition!

Insurance agent consumer knowledge

In this consumer market, success is centered around the ability to know what you’re up against. Insurance agents and insurance brokers are subject to many of the same rules as any other small business owner, and when it comes to the current consumer market, this means that success is wholly dependent on boosting consumer awareness, customer service, and community and local knowledge. It is vital to get out into the community in order to enhance each of these integral elements. Right now, the consumer has no shortage of choices. The…

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Insurance news focus is back on Tom Hanks as his broker receives 27 months

Insurance news Tom Hanks and Rita Wilson

After having scammed the Oscar winning actor and others, Jerry Goldman has now been sentenced. The insurance news spotlight is on Southern California, at the moment, as a broker from that region who scammed Tom Hanks and his wife, Rita Wilson, by hundreds of thousands of dollars is now facing a jail sentence of 27 months within a federal prison. This sentence was first issued to Goldman on Monday, when he found that he will be in jail for more than two years. Beyond the 27 month jail sentence making…

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