Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
U.S. Agencies Split Over Cell Phone Cancer Risk
Nov 6 2018 // Two U.S. government agencies are giving conflicting interpretations of a safety study on cell phone radiation: One says it causes cancer in rats. The other says there’s no reason for people to worry. No new research...
Rhode Island Agent Who Offers Equine Insurance Faces Fraud Charges
Nov 5 2018 // A Rhode Island insurance agent who prosecutors say specializes in providing insurance on horses has been arrested on federal charges. The U.S. Attorney’s office in Providence says 57-year-old Randall Levesque, of...
Winning, Sharing, Trusting, Failing, Losing: 10 Insuretech Connect Takeaways
Nov 5 2018 // Pulling together some loose threads from October’s Insuretech Connect Conference, here are 10 takeaways: Innovation Rap. “I actually feel the industry gets a bad rap in terms of innovation,” Dan Glaser,...
Critics Say Bond Rating Agencies Ignore Municipalities’ Climate Risk
Nov 5 2018 // Last fall, after a trio of deadly hurricanes, ratings companies warned vulnerable coastal cities to get ready for climate change — or face higher borrowing costs on the $3.9 trillion municipal bond market. Climate...
People
Nov 5 2018 // Alliant Insurance Services, a nationwide specialty insurance brokerage firm, has made three additions to its Construction Services Group headquartered in Alpharetta, Ga. Danielle Maxey has joined as account executive. In...
Pressure’s on the Trucking Sector
Nov 5 2018 // The transportation industry is considered a barometer of the U.S. economy. If freight is trending up, so too is the U.S. economy. But capacity constraints for trucking – including a shortage of qualified drivers, low...
Why It’s Important to Understand Your Carriers
Nov 5 2018 // I have been analyzing the insurance industry and individual insurers and agencies for a long time now. When I started analyzing the industry, I never imagined, and I have not met any industry veterans who could imagine,...
People
Nov 5 2018 // Valerie Butt has been named head of Casualty for Zurich North America Commercial Insurance. Based in Chicago, Butt will lead the casualty business with responsibility for new and renewal business. Butt takes on the role...
Pie Founder Talks About Entry into California Workers’ Comp Market
Nov 5 2018 // The launch in the state marks the ninth market entry for the Insurtech in six months. Pie Insurance seems to be slicing its way through workers’ compensation markets in state after state. The Washington, D.C.-based...
People
Nov 5 2018 // San Francisco, Calif.-based Woodruff Sawyer has named Luke Parsons as a vice president in the private equity and transactional risk group. Woodruff Sawyer has also named Evan Hessel vice president and casualty practice...
Confie’s Rothberg Exits California-Based Nonstandard Auto Insurance Giant
Nov 1 2018 // Adios Mordy Rothberg. One of the men behind Confie Seguros, a nonstandard auto insurance giant with an emphasis on serving Hispanic consumers that has been on an agency buying spree since it started in 2008, is calling it...
EMC Insurance Exits Personal Lines Business; Safeco to Accept Accounts from Agents
Oct 31 2018 // Liberty Mutual’s Safeco insurance has agreed to accept the $132.5 million in personal lines business of Iowa-based EMC Insurance Companies. Safeco is offering EMC’s independent agents the opportunity to...
UK Insurers, Brokers Applaud Government’s Decision Not to Hike Premium Tax
Oct 30 2018 // UK insurers and brokers have applauded the UK Treasury’s decision not to raise premium taxes, which currently has an annual price tag for each household of an average of £200 ($256.40), according to the Association...
Supreme Court to Weigh If Government Agencies Entitled to Challenge Patents
Oct 29 2018 // The U.S. Supreme Court on Friday agreed to take up a dispute involving a small Alabama company that accused the U.S. Postal Service of infringing its patented mail processing system and improperly convincing a federal...
UK’s Ed Broking to Be Acquired by BGC Partners
Oct 29 2018 // Ed, the London-based reinsurance, wholesale and specialty broker, announced that it would be acquired by a subsidiary of BGC Partners, Inc (BGC), a global brokerage and financial technology company. Financial details of...
AFL Insurance Brokers Finds Good Strategic, Cultural Fit with U.S. MGA Zodiac
Oct 29 2018 // AFL Insurance Brokers, the London-based Lloyd’s broker, was looking for an MGA platform in the United States and found the perfect partner last month when it purchased Zodiac Insurance Services, which specializes in...
Army Corps, Texas Officials Propose Sweeping Hurricane Protection Plan
Oct 26 2018 // Following years of research, studies and public debate, the U.S. Army Corps of Engineers — in partnership with the state’s General Land Office — has recommended a multi-billion-dollar project that would protect...
New Jersey Insurance Broker Stole Nearly $1M While Selling Fake Health Insurance
Oct 26 2018 // An insurance broker who stole nearly $1 million while continuing to sell health care coverage he knew was fake has been sentenced to 18 months in prison. David Clark, 75, of Morristown, N.J., previously pleaded guilty...
Insurtech Profile: Openly’s ‘Sophisticated’ Digital Experience for Independent Agents
Oct 26 2018 // Keep an eye out for Openly, a new digitally-sophisticated upmarket homeowners insurer catering to independent agents. According to Ty Harris, founder and CEO, Openly will launch in early 2019 in a yet-to-be-announced large...
Insurtech Pie’s Founder Talks About Entry into California Workers’ Comp Market
Oct 25 2018 // Powered by InsuranceJournal.tv Pie Insurance seems to be slicing its way through workers’ compensation markets in state after state. The Washington, D.C.-based insurtech is a direct provider of workers’ comp...
