Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
World Broker Network Adds CEO of Hong Kong-Based Pacific Prime to Board
Oct 8 2019 // Neil Raymond, founder and CEO of Pacific Prime Insurance Brokers, has recently joined the Worldwide Broker Network (WBN) as a board member. Founded in 1999, Hong Kong-based Pacific Prime serves more than 4,000 corporate...
State Finds Florida Specialty Insurance Insolvent; 90K Homeowners Lose Coverage
Oct 7 2019 // Florida personal lines insurer Florida Specialty Insurance Co. (FSIC) has been ordered into receivership and will be liquidated after state regulators determined the company is insolvent and unable to establish a viable...
America’s Best Agencies to Work For
Oct 7 2019 // The votes were tallied and the results are in for the 2019 Best Independent Insurance Agency to Work For survey by Insurance Journal. Employees of the Best Agencies to Work For in 2019 highlight the importance of...
Blending Generations: Why Millennials, and the Industry, Must Bridge the Gap
Oct 7 2019 // Workplaces everywhere are becoming more flexible. People now work irregular hours, work from home, work out of state and even across oceans. This phenomenon is no surprise given the influx of new technology. The large...
How Emerging Risks for Medical Device Manufacturers Create Opportunities for Agents
Oct 7 2019 // The medical device industry is an expanding market with significant growth forecasted over the next decade. According to KPMG data, global predictions reveal the life sciences sector will grow by more than 5% per year,...
Iowa’s BrokerTech Ventures Adds Four New Investment Partners
Oct 4 2019 // Des Moines, Iowa-based BrokerTech Ventures, a broker-led investor group and accelerator program, is has added four new investor partners, including Assurance, Graham Company, InterWest Insurance Services, and Hylant...
Insurers, Tech Firms Scramble to Keep Up With Cyber Risks
Oct 4 2019 // Despite progress, carriers are still falling short in how they approach cyber insurance and also how they cover events when they happen. How can this be? The unique makeup of cyber risks continues to hold them back,...
High Hopes, Higher Hurdles for Pro-Cannabis SAFE Banking Act
Oct 3 2019 // Regardless of the odds facing a bill designed to enable regular banking and financial services for cannabis business, some experts are encouraged by passage through the House of something that would greatly benefit the...
Mercury Paying $41M in Decades-Long Court Battle With California Insurance Department
Oct 2 2019 // Mercury Insurance Co. has agreed to pay more than $41 million to end a two-decade long battle with the California Department of Insurance battle over the Los Angeles-based carrier improperly tacking fees onto auto...
Stoutenburgh Joins EPIC Insurance Brokers in Dallas
Oct 2 2019 // EPIC Insurance Brokers and Consultants has added Pam Stoutenburgh as a principal in the firm’s property/casualty operations. She is based in Dallas. Stoutenburgh reports to EPIC Managing Principal and Director of the...
Former California Insurance Agent Arrested for Grand Theft
Sep 30 2019 // Ex-insurance agent Yolanda De La Torre, 35, of Whittier, Calif., was arrested on Friday on one felony count of grand theft and one felony count of identity theft after allegedly collecting over $13,000 in insurance...
Wholesale Broker H.W. Kaufman Buys U.K. MGA and Cyber Specialist Node International
Sep 30 2019 // H.W. Kaufman Group, the Farmington Hills, Mich.-based wholesale broker and managing general agent, announced the acquisition of Node International, a U.K. managing general agent that specializes in cyber risk and...
Idaho Insurance Agent Loses License for Failure to Handle Premiums
Sep 26 2019 // The Idaho Department of Insurance has revoked the license of Desiree A. Jachetta for violations of the Idaho Insurance Code. Jachetta, a resident of Priest River, reported failed to appropriately handle clients’...
Insurance Broker Acrisure Plans Michigan Expansion in Grand Rapids
Sep 26 2019 // Michigan Economic Development Corp. announced that Caledonia-based insurance broker Acrisure plans to invest $33 million in Grand Rapids to expand its future world headquarters in the western Michigan city. The project...
Massachusetts’ XS Brokers Announces New Executive Leadership Structure
Sep 25 2019 // XS Brokers (XSB), an independent insurance underwriting and wholesale brokerage group, has announced a new executive leadership structure. Eric Wirkus has been promoted to president, effective immediately. XSB Former...
Broker Clements Worldwide Buys Dutch Financial Services Broker, The Financials
Sep 25 2019 // Clements Worldwide, a Washington, D.C.-based insurance broker for individuals and organizations who work across international borders, announced the acquisition of The Financials for an undisclosed amount. Amsterdam-based...
1 Simple Step to Lose Customers if That’s What You Want
Sep 25 2019 // There’s something wrong with the insurance buying process. That’s not really accurate. There’s a lot wrong with the insurance buying process. Specifically, the process of getting personal auto insurance...
Travelers Gives Agents Aerial Property Damage Viewer to Expedite Disaster Claims
Sep 24 2019 // Property/casualty insurer Travelers is now providing its insurance agents and brokers with before-and-after photos of areas affected by disasters. The Travelers Catastrophe Map Viewer provides access to searchable,...
Lloyd’s Culture Survey Reveals ‘Ugly’ Levels of Sexual Harassment
Sep 24 2019 // Lloyd’s announced the results of its culture survey, which was commissioned in March in the wake of press reports of rampant sexual harassment in the market. The survey confirms that many women are enduring a toxic...
Excess & Surplus Market Soars as Standard Carriers, Lloyd’s Drop Accounts
Sep 24 2019 // Demand for surplus lines insurance rose dramatically in 2018 and is continuing to expand this year, so much so that some in the sector are feeling a bit overwhelmed. The excess and surplus lines sector is enjoying its...
