Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
PIA Makes Cyber Product Available for Agents to Sell to Small Business Clients
Feb 28 2019 // The National Association of Professional Insurance Agents (PIA National) has given its members a cyber insurance product to sell to their small and mid-sized businesses clients. PIA and ABA Insurance Services (ABAIS) have...
TDI: Former Texas Insurance Agent Who Faked Cancer Claims Sentenced
Feb 27 2019 // A Plano, Texas, woman pleaded guilty to insurance fraud for faking cancer claims to get more than $300,000 in insurance payments over two years, the Texas Department of Insurance announced. Karissa White Coleman, a former...
What Young Insurance Agents Earn, Think and Say
Feb 27 2019 // Young agents want change. They want more diversity in the agency sales ranks. They want better paths to grow in their careers. They want other agents to adhere to professional standards and ethics. They want faster and...
JPMorgan Found Not Responsible for Broker’s Suicide
Feb 27 2019 // A federal judge in Manhattan on Tuesday dismissed a wrongful death lawsuit against JPMorgan Chase & Co. by the estate of a former top broker, who it said committed suicide after being forced into retirement. U.S....
Agents, Brokers and the Future of Insurance Distribution
Feb 26 2019 // A funny thing is happening on the way to the future. As consumers’ and carriers’ behaviors, attitudes and expectations have been changing, independent agents are evolving to better serve both customers and...
Former California Insurance Agent Allegedly Faked Workers’ Comp Insurance
Feb 25 2019 // Former California licensed insurance agent, Alan Amir Yousefi, 31, was charged with 10 felony counts including grand theft, insurance fraud and forgery, for allegedly stealing more than $105,000 in insurance premiums from...
Unlicensed California Agent Allegedly Steals $174K in Premiums
Feb 25 2019 // Connie Free, 34, of Moreno Valley, Calif., is scheduled to be arraigned today on 18 felony counts including grand theft and forgery after allegedly stealing at least $174,000 in insurance premiums from seven different...
New Investor Property Insurance Program Webinar to be Held Thursday, February 28
Feb 25 2019 // Atlanta, GA, February 25, 2019 — Jared Mathis, executive vice president and head of the Blue River Underwriters’ specialty property group will be presenting an informational webinar on a new investor property...
Houston Insurance Broker Launches Online Tool to Connect Agents, Customers
Feb 21 2019 // Houston-based insurance broker, Frank Medina, has launched Insurance Agent Near Me, an online tool that connects customers with reputable insurance agents in their vicinity. Insurance Agent Near Me lists all the major...
Private Equity Firm GTCR Returns to Take Majority Stake in AssuredPartners
Feb 21 2019 // Apax VIII, a fund advised by Apax Partners, has agreed to sell its entire stake in AssuredPartners, a growing U.S. insurance brokerage, to an investor group led by GTCR, a Chicago-based private equity firm. GTCR previously...
Global Broking Network Brokerslink Appoints Gavriel as European Regional Manager
Feb 21 2019 // Global broking network Brokerslink has appointed Christos Gavriel to the role of regional manager for Europe. Gavriel has a strong background in insurance having previously held various international roles at AIG before...
UK Probe of Wholesale Brokers Finds No Evidence of Anti-Competitive Behavior
Feb 20 2019 // Britain’s wholesale insurance brokers got a clean bill of health from the markets watchdog on Wednesday, providing some relief for an industry already spending millions of pounds on Brexit. London’s insurance...
Maine’s BroGue Insurance & Financial Services Promotes Kinney, Hires Cole
Feb 19 2019 // BroGue Insurance & Financial Services has promoted Heather Kinney to agency manager and hired Derek Cole. Kinney began her insurance career in 1990 and has been a licensed agent since 1999, with experience in both...
Former Washington Agents Charged with Fraud, Writing Fake Policies
Feb 18 2019 // Three Pierce County, Wash., residents were charged in early February with crimes related to insurance fraud in Pierce County Superior Court. The charges follow investigations by Insurance Commissioner Mike Kreidler’s...
Insurers with Best Service Win More Business from Independent Agents
Feb 18 2019 // It may be obvious to those in the industry that the more satisfied independent insurance agents are with an insurance carrier, the more business they will conduct with that carrier. But the message may not be getting...
Employees Have Upper Hand in Today’s Agency Job Market
Feb 18 2019 // Owners Must Show Them the Money, Culture and Other Perks As the insurance industry unemployment rate continues to hover at 1.7 percent, which is lower than the national average of 3.9 percent, insurance agencies face stiff...
Things to Consider When Charging Broker Fees
Feb 18 2019 // A broker fee is a fee in addition to premium and commission that is charged by retail and wholesale insurance brokers and that ultimately is paid by the insurance buyer. Such fees are subject to two overriding rules: (1)...
Agency Merger & Acquisition Deals Hit All Time High, Again
Feb 18 2019 // The year of 2018 brought an all-time high of merger and acquisition (M&A) activity to the insurance industry. Consolidation of firms, both at a local level with M&A by independent agents and brokers, and...
People
Feb 18 2019 // National MetLife has named Darla Finchum as head of the company’s U.S. property/casualty business, MetLife Auto & Home. Finchum had been serving in this role on an interim basis since last August. She will be...
How to Conduct an E&O Self Audit
Feb 18 2019 // Mistakes happen. After all, we are human. That is why insurance agencies have agency errors and omissions (E&O) coverage. Even with the support of E&O coverage, an E&O claim can take its toll on the people...
