Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
How Errors & Omissions Lawsuits May Change
Apr 1 2019 // Artificial Intelligence and Private Equity Investments Will Play an Increasing Role Plaintiff attorneys, at least the smart ones, must make sales decisions, too. Whereas a smart producer will create a pipeline that filters...
Insurance Industry Facing Competitive Labor Market
Apr 1 2019 // Like other industries today, the property/casualty insurance industry is facing a highly competitive job market as it strives to fill positions needed to grow. The unemployment rate for the insurance industry is 1.7...
New Flood Insurance Rule from Bank Regulators a Win for Consumers, Agents and Brokers
Apr 1 2019 // If Implemented Wisely, Flood-Exposed Properties Could Benefit from Expanded Market While lawmakers continue their struggle to agree on the long-term reauthorization of the financially burdensome National Flood Insurance...
Agencies Looking for New Talent Have Their Work Cut Out for Them
Apr 1 2019 // Newsflash to insurance agency owners seeking to onboard new employees: Expect to have to pay more, offer more and train more. Those trying to hire probably know that already. “What we’re seeing in particular in...
People
Apr 1 2019 // National Ironshore Specialty Casualty has appointed Casey Hartley as senior vice president and head of programs. She will oversee the development, marketing and distribution of programs lines, working with programs...
Today’s Hot Markets
Apr 1 2019 // Telemedicine, Breweries, Intellectual property, Nurseries and Cottage foods Insurance Journal examined industries experiencing changes, challenges, expansions and growth in the past year. Here are five industry sectors and...
8 Things to Consider When Buying or Selling an Insurance Agency
Apr 1 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...
A Mix of Flood Insurance Reforms
Apr 1 2019 // Conservation, CarFax-Like Disclosure, Means-Test for Rates Up for Discussion The federal flood insurance program has a knack for inspiring ideas from reformers across the political spectrum on how to improve government. If...
In Their Own Words: Why Producers Change Jobs
Apr 1 2019 // Q: We have a zillion newbies and plenty 50-plus year old veteran producers. I’ve tried the out-of-industry route. Frankly, my agency isn’t good at training. I want experienced, ‘hit the ground...
Miami Insurance Agent Arrested for Stealing $620K in Premiums
Mar 29 2019 // A former licensed insurance agency owner was arrested in Florida after allegedly stealing more than $620,000 in insurance premiums, according to a statement from Florida Chief Financial Officer (CFO) Jimmy...
North Carolina-Based AmWINS Group Names Kiley as SVP
Mar 29 2019 // AmWINS Group, Inc., a global distributor of specialty insurance products and services, has named Alycia Kiley as senior vice president at the company, focused on building strategic partnerships with the firm’s retail...
Supreme Court May Overturn Tradition of Courts Deferring to Regulatory Agencies
Mar 28 2019 // The U.S. Supreme Court’s conservative justices expressed doubts about a precedent that business groups and the Trump administration say gives federal agencies too much power to change regulations without notice. In...
N.Y. Cyber Reg: A Third-Party Service Provider Compliance Framework
Mar 27 2019 // This writing presents a framework that if adopted by insurance agencies and carriers could simplify and minimize the cost of complying with the New York Department of Finance Regulation 23 NYCRR Section 500.11...
Arkansas Insurance Department Warns of Fake Auto Policy Scam
Mar 26 2019 // Arkansas Insurance Commissioner Allen Kerr is warning consumers in his state to be wary of individuals posing as car insurance agents to sell fraudulent policies at car dealerships. In a media release, Kerr said the...
How to Turn Today’s Confusion Into a Sustainable Cyber Insurance Market
Mar 26 2019 // There has been plenty of talk about how cyber continues to evolve in an ever-changing technology landscape, how cyber risks have become increasingly sophisticated and how the insurance industry needs to keep...
Florida Insurtech HoneyQuote Rolls Out Real-Time Rating Engine, Adds Heritage to Platform
Mar 26 2019 // HoneyQuote.com has added a new carrier partner and launched its real-time rating engine, which lets Florida homeowners compare multiple home insurance quotes and purchase a policy online. The application is backed by...
Arthur J. Gallagher & Co. Acquires Virginia’s McLean Insurance Agency
Mar 25 2019 // Arthur J. Gallagher & Co. has acquired Potomac Falls, Va.-based McLean Insurance Agency Inc. Established in 1971, McLean Insurance Agency offers retail property and casualty, life and employee benefit brokerage and...
Lockton, Children’s Bureau Honored by Insurance Industry
Mar 22 2019 // Service was at the heart of Timothy J. Noonan’s main message. The Lockton Cos. president and CEO was talking about the service insurance professionals give to their clients and about the service the industry gives to...
New York Man Arrested for Alleged Car Dealership Insurance Fraud Scheme
Mar 22 2019 // A Bronx County, N.Y., man has been arrested and arraigned on a felony complaint for an alleged insurance fraud scheme. Barrington Mayne, who is not an insurance broker, allegedly used his position and contacts at various...
9 Insurance Agency Start-Ups: Why and How They Set Out on Their Own
Mar 22 2019 // What motivates people to take a risk in an industry dedicated to managing risk? New independent agencies are born of various circumstances. Sometimes it’s about seizing an opportunity that comes along; other times,...
