Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Arthur J. Gallagher to Acquire Texas MGA, Pronto
May 10 2018 // Arthur J. Gallagher & Co. has agreed to acquire 100 percent of the equity interests of Pronto Holdco LLC, the parent company of Pronto Insurance (Pronto). The transaction is subject to customary closing conditions and...
Chubb Establishes 6 Teams to Work with Local Brokers in UK, Ireland
May 10 2018 // Chubb said it has completed the creation of six teams to focus on working with independent brokers across the UK and Ireland. The new Chubb teams are in London, Leeds, Manchester, Birmingham, Glasgow and Ireland. Each is...
Gallagher Acquires UK Regional Commercial Broker Risk Services (NW)
May 9 2018 // Insurance broker Gallagher reports it has acquired regional commercial insurance broker Risk Services (NW) Ltd., based in Chester. Terms of the transaction were not disclosed. Risk Services was established in 1999 by...
Want Flood? Let the Market Make it Happen.
May 9 2018 // I spent a day last week in a conference that was focused on some specific risks that make up a property insurance gap nationwide. The morning was focused on one of my favorite soap boxes, flood. You guessed it. It’s...
Michigan Agency Receives Trusted Choice Community Involvement Award
May 8 2018 // Trusted Choice has awarded the annual Dan Fulwider Award for Community Involvement to Alliance Financial & Insurance in Lowell, Michigan. In recognition of Fulwider’s community involvement, Trusted Choice...
Why Agents Should Care About Underinsurance
May 8 2018 // This post is part of a series sponsored by CoreLogic. When it comes down to it, the biggest loser in a property that is underinsured is the homeowner who may not be able to rebuild their home to the way it was before a...
NRA Sues Insurance Broker Lockton Over ‘Carry Guard’
May 7 2018 // The National Rifle Association is suing Lockton Cos., alleging the insurance broker breached its contract with the firearms lobbying group. Lockton administered the NRA’s Carry Guard insurance program, which was...
THB UK Risk Solutions Adds 2 Motor Fleet Brokers
May 7 2018 // THB UK Risk Solutions, the UK broking operation of the specialist insurance and reinsurance broker THB, has named two new motor fleet brokers, bolstering its new business team. Kevin Searle, joining from Wrightsure, and...
People
May 7 2018 // Western Growers Insurance Services has added Paul Barry and Kris Hansen in California. Barry joins the insurance services team as a sales executive, bringing more than 10 years of sales experience. Barry will focus on...
The Technology Gap: Can Agents Keep Up?
May 7 2018 // As predicted in the last Tech Talk column, there is reason to cheer a bit about the findings of the just-released 2018 Insurance Digital Transformation Study. Clear progress has been made as agents work toward mastery of...
How Agencies Grow Today: Channel Harvest Survey
May 7 2018 // When it comes to business growth, agents have their eyes on the same prize but different ideas about how to secure it. That’s one of the key findings of “Agent Voices 2018,” a soon-to-be-released report...
People
May 7 2018 // Associated Agencies Inc. in Rolling Meadows, Illinois, has hired Talicia Bashford as chief operating officer, a newly created position. Bashford will focus on overall operations and several areas of opportunity, including...
What If Tech Companies, Carriers Conspire to Denigrate Consumer Protections and Agency Value?
May 7 2018 // Here’s to ruffling feathers: Indeed, entities do exist in the insurance industry that do not look after their customers adequately. Carriers also exist that scrimp on claims, and some take shortcuts in underwriting,...
American Family, Main Street America Reveal Plan to Merge
May 4 2018 // Wisconsin-based American Family Insurance group and Florida-based The Main Street America Group will pursue a merger, the companies announced today. The combined equity of the merged entities is expected to be more than $9...
New York Fines Lockton Over NRA Insurance; Continues Probe of Other Players
May 3 2018 // Insurance broker Lockton will pay a $7 million fine for administering National Rifle Association (NRA) member insurance programs in New York that officials say violate several state laws. The settlement with Lockton is the...
Beazley, Lloyd’s Broker, Bitfury Creating Blockchain Registry for Crisis Coverages
May 1 2018 // Insurer Beazley has partnered with three companies to build a blockchain-based registry that will manage insurance for crisis situations such as mass shootings, the companies told Reuters. The registry will use blockchain...
Arkansas Suspends Licenses of Agent, Agency in Insurance Fraud Investigation
Apr 30 2018 // Arkansas has suspended the insurance licenses of an agency and its owner amid allegations of insurance fraud totaling more than $1 million. The Arkansas Insurance Department reported that Insurance Commissioner Allen Kerr...
Worldwide Facilities Completes Acquisition of Sullivan Group
Apr 27 2018 // Worldwide Facilities has completed its acquisition of Gerald J. Sullivan & Associates, a national specialty intermediary that trades as The Sullivan Group. Worldwide Facilities acquired all of the outstanding capital...
Alex Rinehart Named Director of P&C Operations of Breckenridge Insurance Services
Apr 27 2018 // Atlanta, GA, April 27, 2018 — Breckenridge Insurance Services announced the promotion of Alex Rinehart to the director of property and casualty operations. As a senior vice president and broker—and former head of...
IRS Asked to Clarify Trump Tax Deduction for Pass-Through Businesses
Apr 26 2018 // The Republican tax law’s new deduction for pass-through businesses, intended to help small businesses, was “ill thought through” and will end up benefiting the wealthy, experts told the U.S. Senate...
