Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Canada’s Western Financial Acquires Ontario Brokerage EGM Insurance Group
Jun 5 2019 // Western Financial Group has furthered its strategic expansion in Ontario with the acquisition of EGM Insurance Group. Financial details of the acquisition, which is Western’s third brokerage acquisition in Ontario,...
Agents’ Opportunity in Growing Urgent Care Market Starts with Knowing Key Risks
Jun 5 2019 // Over the past decade, urgent care facilities have emerged as popular, convenient and cost-effective alternatives to primary care physicians and hospital emergency rooms. The number of urgent care facilities in the United...
1 Current and 1 Former Iowa Insurance Agent Charged in Fraud Case
Jun 4 2019 // A current insurance agent in Iowa and a former one have been charged in connection with a fraud investigation in which another agent was previously charged. Insurance agent Cursta Lena Williams of Davenport, and former...
Are Agencies Overpaying for Young Employees Today?
Jun 3 2019 // Memo to insurance agency owners seeking to onboard new employees: Expect to pay more, offer more and train more. Those trying to hire know that already. “What we’re seeing in particular in Texas, and I imagine...
Szalkay Joins Appalachian Underwriters Brokerage Division in Florida
Jun 3 2019 // Jennifer Szalkay has rejoined Appalachian Underwriters’ Brokerage division in Sarasota, Fla. Now a senior broker, she will be working on specialty casualty and construction accounts in all 50 states. Jennifer...
Why Agency Perpetuation Does Not Usually Work
Jun 3 2019 // Most agencies are not run as businesses. Most are run as a lifestyle. Lifestyles are personal, so perpetuation is not possible. Only true businesses can achieve internal perpetuation. Size is not a factor either because...
California Agent Charged With Grand Theft And Forgery
May 31 2019 // Former insurance agent Richard Brian Willand, 54, of Sylmar, Calif., voluntarily surrendered at the Los Angeles County Superior Court in San Fernando on a warrant for his arrest for alleged grand theft of insurance premium...
Iowa Insurance Agent Faces Fraud, Theft Charges
May 31 2019 // Iowa insurance agent Jonathan Adam Schlue, age 35, of Davenport, faces four counts of Fraudulent Sales Practices (Class D Felony), two counts of Fraudulent Submissions (Class D Felony), two counts of Conspiracy to Commit a...
Gerger Joins Illinois Independent Agents Group as Education, Agency Resources Director
May 31 2019 // Brett Gerger, former chief deputy director of the Illinois Department of Insurance, has joined the Independent Insurance Agents of Illinois (IIA of IL) as director of Education & Agency Resources. In his new position,...
8 Considerations for Buyers and Sellers of Insurance Agencies
May 30 2019 // Insurance agency acquisitions and deal values are near an all-time high and all expectations are that deal flow in 2019 will match or exceed last year’s numbers. And while reported numbers tend to skew towards larger...
Texas Surplus Lines Brokers Can Now Input Policy Limit Info Into EFS
May 28 2019 // Agents and brokers can now input policy limit information directly into the Surplus Line Stamping Office of Texas’ (SLTX’s) Electronic Filing System (EFS). A new field has been added to the system to allow...
China’s Revamp of Anbang Insurance Includes Moving Business to New Company
May 28 2019 // The Chinese government is taking a major step in its efforts to sell a strategic stake in Anbang Insurance Group Co., the acquisitive insurer it took over last year amid a fraud investigation into its former...
CFC Designs New Broker Platform for Its Cyber Insurance Products
May 24 2019 // Specialist insurer CFC is debuting a new broker platform designed to facilitate the sale of its cyber insurance products to small- and medium-sized businesses. The idea is that London, UK-based company’s cyber...
Big I New York Elects Cofini as Board Chair
May 24 2019 // Big I New York, the state’s independent insurance producer trade association, has elected John Cofini as its chair of the board for the 2019-2020 term. Cofini was sworn in during a May 21 ceremony at Big I New...
Gorst & Compass in California Names Mulford Senior Transportation Broker
May 23 2019 // Chatsworth, Calif.-based Gorst & Compass has named Kristi Mulford a senior transportation broker/underwriter. Mulford, who is based in San Marcos, has 18 years of commercial auto insurance experience. She was...
Texas Insurance Department: Continuing Ed Service for Agents, Adjusters Improved
May 23 2019 // A year ago, it took months for insurance agents and adjusters to get continuing education transcripts, course credit and other information from the Texas Department of Insurance. Today, it takes about two weeks, according...
North Carolina Department of Insurance Releases Smartphone App for Agents
May 23 2019 // The North Carolina Department of Insurance has released a smartphone app for insurance agents offering information such as educational opportunities, NCDOI agent services contact info, and agent notifications from the...
Winning the Race to the Bottom
May 22 2019 // “The car’s just not worth anything.” “The state only requires…” “I don’t owe on it, so I don’t have to have it.” I’ve heard these sentences recently when...
Employee Charged with Stealing $900K from New Jersey Insurance Broker
May 22 2019 // A former accounting specialist in the Ridgefield Park, N.J., office of an insurance broker was arrested and charged with allegedly defrauding her employer of approximately $900,000, Acting U.S. Attorney William E....
North Carolina Insurance Fraud Round-Up: April
May 22 2019 // The North Carolina Department of Insurance announced multiple fraud enforcement actions during the month of April 2019. Insurance fraud costs American consumers approximately $80 billion dollars a year. According to North...
