Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Commercial Auto: Profitability Issues Remain, but There’s Light at the End of Tunnel
Oct 1 2018 // Despite insurers’ best efforts to increase rates to compensate for losses, commercial auto continues to be an unprofitable line. In less than a decade, despite continued increases in premiums, two major carriers have...
Kimberly Fobbs, Democratic Candidate for Oklahoma Insurance Commissioner
Oct 1 2018 // While this is the first time Kimberly Fobbs has run for statewide office, she is no stranger to either politics or the insurance industry. She has long been active in Tulsa county politics and currently serves as chair of...
Chicago Insurance Agent Pleads Guilty to Federal, State Tax Evasion
Sep 28 2018 // A Chicago insurance agent has pleaded guilty to failing to pay federal and state taxes on more than $4.7 million in income earned over a decade, according to federal prosecutors. The office of the United States Attorney...
AXA XL Canada Taps Ashall from Aon Reed Stenhouse for Broker & Client Mgmt. Team
Sep 28 2018 // AXA XL Canada has added Jonathan Ashall to its Broker & Client Management team. Ashall is based in Toronto and reports to Urs Uhlmann, CEO and country manager AXA XL Canada. Ashall joins AXA XL from Aon Reed Stenhouse...
Brown & Riding Names Scheider Environmental Specialty Broker in Colorado
Sep 26 2018 // Brown & Riding has added Harrison Scheider as an environmental specialty broker. Scheider works out of Brown & Riding’s Denver, Colo. office. He primarily handles accounts in Colorado, New Mexico, Wyoming,...
Guest Post: Post-Disaster Readiness: The Psychology of Downed Trees
Sep 26 2018 // We are grateful for friend of the Academy, Christopher J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS, Executive Director, Big “I” Virtual University who provided this very personal post. Thanks,...
Massachusetts Insurance Agents, Carriers Helping Their Towns Get Back to Normal After Gas Explosions
Sep 25 2018 // As three Massachusetts towns continue to face the after effects of a series of natural gas explosions, finding some normalcy may seem nearly impossible. However, this is something MAPFRE Insurance was seeking to offer as...
AXA XL Names Greensmith CEO of Catlin Underwriting Agencies, XL Catlin Insurance Co. UK, Succeeding Jardine
Sep 24 2018 // AXA XL announced that Paul Greensmith has been appointed CEO of legal entities: Catlin Underwriting Agencies Ltd. and XL Catlin Insurance Co. UK Ltd., subject to regulatory approvals. He replaces Paul Jardine, who, as...
Lockton’s Lumelleau Joins EPIC Insurance Brokers in Houston
Sep 21 2018 // EPIC Insurance Brokers and Consultants has added Matt Lumelleau as a principal in the firm’s property/casualty practice. Based in Houston, Lumelleau will be responsible for new business development, the design,...
AIG to Acquire Program Manager Glatfelter Insurance Group
Sep 21 2018 // American International Group has agreed to acquire Glatfelter Insurance Group, a prominent specialty insurance broker and program manager headquartered in York, Pennsylvania. The terms of the transaction were not...
The State of NAIC’s Data Security Model Law
Sep 21 2018 // Powered by InsuranceJournal.tv Most states have yet to adopt a cyber security model law for the insurance industry like the one approved by the National Association of Insurance Commissioners in 2017, but one expert...
Marsh & McLennan to Acquire Broker JLT
Sep 18 2018 // Marsh & McLennan Inc. agreed to buy Jardine Lloyd Thompson for about 4.3 billion pounds ($5.7 billion) to expand its global offering of reinsurance and consulting services, adding to the frenetic pace of deal activity...
Worldwide Facilities to Acquire Texas Insurance Wholesaler McClelland and Hine
Sep 18 2018 // Los Angeles-based Worldwide Facilities LLC announced plans to acquire managing general agent and excess and surplus lines broker, McClelland and Hine Inc. and McClelland & Hine Trucking Underwriters LLC (collectively,...
Professional Insurance Agents of New York Elects Ferris President
Sep 17 2018 // The Professional Insurance Agents of New York (PIANY) has elected Jamie A. Ferris as president at a meeting of the association’s board of directors at PIANY headquarters in Glenmont, N.Y. Ferris is president of P.W....
Agencies Focus on Growing Larger Accounts: Channel Harvest Survey
Sep 17 2018 // Independent agents and brokers are focusing on growing the average size of their commercial lines accounts, according to “Agent Voices 2018,” a report based on a survey conducted earlier this year and...
Best Tech Ways for Agents to Get the ‘Message’ Out
Sep 17 2018 // 2018 has turned out to be the year of the text message. For agents, that reality presents a challenge that is both substantial and immediate. Today, there are dozens of vendors that offer chat capabilities. Web messaging...
What Is an NRRA Exempt Commercial Purchaser?
Sep 17 2018 // Some larger commercial insurance brokers appear to be uncertain about how the Exempt Commercial Purchaser (ECP) feature of the Nonadmitted and Reinsurance Reform Act of 2010 (NRRA), part of the Dodd Frank Act, effective...
Lloyd’s Modernization Plans Move Full-Steam Ahead
Sep 17 2018 // From Electronic Placing to Artificial Intelligence: Lloyd’s America CEO Earlier this year, this reporter was walking on Lime Street, the home of Lloyd’s of London, dodging raindrops. She observed a broker,...
Managing the Retail Agent’s Risk in Surplus Lines
Sep 17 2018 // While it is common for retail agents to turn to E&S wholesalers for help, there are several reasons they should carefully consider which wholesalerto call upon and how they submit business, according to Bobbie Duke,...
How New Business Is Creating a New Wholesaler-Retailer Relationship
Sep 17 2018 // An influx of new business is presenting surplus lines wholesalers and their retail partners with new opportunities to work together even as other forces are changing how they work together. The surplus lines insurance...
