Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
I Used to Walk to School and Home Uphill Both Ways
Jun 4 2018 // An interview was recently published in a major industry publication with a notable ex-CEO of a prominent insurance company. Throughout the article, the ex-CEO bemoaned how power and profit has shifted to brokers from...
People
Jun 4 2018 // Doug Slape has been promoted to second-in-command at the Texas Department of Insurance. Slape has been at the agency since 1988 and has served as deputy commissioner for the Financial Regulation Division the past three...
Some Texas Insurance Wholesalers Find Strength in Independence
Jun 4 2018 // There’s no denying the robust mergers and acquisition trend among wholesale brokers in the property/casualty insurance industry nationwide, and Texas is no exception. But some Texas wholesale brokers and managing...
Former Iowa Insurance Agent Sentenced in Fraud Case
Jun 1 2018 // Nicholas Menough, a former insurance agent in Grimes, Iowa, has been sentenced after pleading guilty to fraud and theft charges. The Iowa Insurance Division reported that Menough pled guilty in late May to Theft in the 3rd...
Distribution Overpowers Underwriting. How CNA Ex-CEO Chookaszian Views Industry’s Past, Present and Future
Jun 1 2018 // The former chief executive of an insurance company believes the center of value of the property/casualty industry has shifted away from one of the activities that would seem to define an insurance risk-taking enterprise:...
Starkweather & Shepley Insurance Brokerage, East Boston Savings Bank Form Alliance
Jun 1 2018 // Starkweather & Shepley Insurance Brokerage Inc. (S&S) and East Boston Savings Bank (EBSB) have formed a strategic alliance, offering a full line of commercial, personal and life insurance products. The two firms...
Black Promoted to Brokerage Underwriter at J.M. Wilson
May 31 2018 // Portage, Michigan-based wholesale insurance organization, J.M. Wilson, has promoted Braden Black to brokerage underwriter. Black is responsible for quoting new and renewal brokerage business and servicing accounts for...
Wisconsin’s SECURA Insurance Honors Agents with Donations to 27 Fire Departments
May 31 2018 // Appleton, Wisconsin-based SECURA Insurance has presented 27 fire departments with donations earned by its local independent agents in eight states. The donations ranged from $500 to $1,500, with some agencies choosing to...
Breckenridge Insurance Services Promotes Two Senior Team Members
May 31 2018 // Atlanta, GA, May 31, 2018 — Breckenridge Insurance Services recently promoted two senior team members within the wholesale brokerage team. Trevor Pierce is now the division vice president and managing broker of multiple...
South Carolina Passes First Insurance Industry Cybersecurity Law
May 31 2018 // South Carolina has become the first state to pass a cybersecurity bill requiring any insurance entity operating in the state to establish and implement a cybersecurity program protecting their business and their customers...
How to Succeed in Today’s Small Business Insurance Market
May 30 2018 // The small business market is big. The U.S. small commercial market represents about one-third of the total commercial lines market and generates between $99 billion and $103 billion in direct written premium, according to...
Burand’s State of the P/C Insurance Industry 2018: Pricing Cycle Effects on Agents
May 29 2018 // The property & casualty insurance and group benefits industry is changing faster than ever, or at least faster than any time in any reader’s history. Many factors are the parents of such change. In part one of...
Insurance Broker Ed Wins License to Transact Business in Jersey
May 29 2018 // Insurance and reinsurance broker Ed has been granted a license to carry out general insurance mediation business by the Jersey Financial Services Commission. This follows on from last year’s announcement by the...
Southern California Agents Arrested for Fraud
May 25 2018 // California-based life insurance agents, Samuel Tadlock III, 32, of Eastvale, Marlene Ramirez, 42, of Murrieta, Daniel Herrarte, 34, of Sylmar, and Jorge Lopez Jr., 38, of San Fernando, were arrested this week on multiple...
Rhode Island’s Starkweather & Shepley Insurance Brokerage Hires Thayer
May 24 2018 // Starkweather & Shepley Insurance Brokerage Inc. (S&S) has hired Jessica Thayer as the Financial Services Risk Solutions (FI) Practice Group leader. Thayer has specialized in directors and officers, errors and...
Willis Granted Full Insurance Broker License by China
May 23 2018 // Willis Towers Watson reports that China’s Banking Insurance Regulatory Commission (CBIRC) earlier this month approved Willis Insurance Brokers to be the first fully licensed foreign broker to transact all insurance...
My Reflections on NetVU’s Accelerate Conference
May 23 2018 // Last week, I went to the Accelerate conference for users of Vertafore systems. Vertafore is a software provider for different links in the insurance distribution network. Insurance companies and agencies use different...
Tennessee Halts Businesses of 2 Unlicensed Agents
May 23 2018 // Two former Tennessee insurance providers have been served cease and desist orders by the Tennessee Department of Commerce & Insurance (TDCI) in response to fraudulent practices the department says they used to sell...
Why Insurance Industry Should Embrace, Not Fear, Artificial Intelligence
May 22 2018 // Powered by InsuranceJournal.tv Artificial intelligence isn’t the cold, job killing disruptor many fear it to be – at least it won’t be for many years to come, says Jeff Somers, president of...
NSM’s Vantage Acquires UK Personal Lines Broker Fresh Insurance in Redditch
May 21 2018 // U.S.-based NSM Insurance Group’s UK subsidiary, Vantage Holdings, has acquired Fresh Insurance Services Group Ltd,. an insurance broker based in Redditch, West Midlands that specializes in non-standard personal lines...
