Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
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...
NIF Group Hires Schutz as an Excess and Surplus Lines Broker in Massachusetts
Oct 24 2018 // NIF Group Inc., a New York-based wholesale broker, program administrator and managing general agency, has hired Erich A. Schutz as an excess and surplus lines broker in the East Douglas, Mass., branch office. Schutz joins...
Appalachian Underwriters Names Schnarre as Midwest External Marketing Rep
Oct 23 2018 // Appalachian Underwriters Inc. has named Nick Schnarre as external marketing representative for Illinois, Indiana and Missouri agents. He will be working remotely in the St. Louis, Missouri, area, helping agents in those...
Insurance Broker Hays Companies to Be Brown & Brown’s Biggest Acquisition
Oct 22 2018 // Brown & Brown Inc. has agreed to acquire the assets of the Hays Companies insurance operations. The deal for the Minnesota-based insurance broker with $200 million in revenues marks the largest acquisition ever by...
Miller Agrees to Acquire London Re/Insurance Broker Alston Gayler
Oct 22 2018 // Miller announced it has entered into a definitive agreement to acquire Alston Gayler and Co. (AG), majority owned by Nelson Holdings Ltd. AG is an independent London market re/insurance broker specializing in multiple...
To Insure Cyber or Not to Insure Cyber: Cautions and Caveats for Carriers
Oct 22 2018 // While there are some issues with the data, virtually every report shows the cyber insurance market growing. Aon Benfield had it growing 37 percent last year to $1.8 billion. It’s profitable and the loss ratio is in...
Merchants Insurance Group’s Winkworth Named to Agents Council for Technology
Oct 19 2018 // Merchants Insurance Group Customer Experience Lead Ginny Winkworth has been named as co-chair of the Customer Experience Work Group of the Agents Council for Technology (ACT), a program of the Independent Insurance Agents...
Gallagher Acquires UK Commercial Broker Portmore
Oct 18 2018 // Global insurance broker, risk management services and consulting firm Gallagher announces the acquisition of Portmore Insurance Brokers Ltd. and Portmore Insurance Brokers (Wiltshire) Ltd. in the UK. Terms of the...
Glen Mulready, Candidate for Oklahoma Insurance Commissioner
Oct 18 2018 // Oklahoma Insurance Commissioner Election 2018 The office of the insurance commissioner in Oklahoma is an elected position. The current commissioner, John D. Doak, is term limited and cannot run again; his successor will be...
