Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Canada’s Economical Restructures to Strengthen Broker Relationships, Profits
Nov 17 2017 // Economical Insurance announced the creation of a new organizational structure, with three market-facing regions. The restructuring is designed to improve profits, strengthen relationships with broker partners, capture more...
Alabama Department of Insurance Launches Online Help Chat for Agents, Consumers
Nov 17 2017 // The Alabama Department of Insurance has launched a new online chat to offer consumers another avenue to have their insurance questions answered quickly. Representatives are now available at www.aldoi.gov to help with...
H.W. Kaufman Group, Burns & Wilcox Promote 22 Insurance Pros in North America
Nov 16 2017 // H.W. Kaufman Group and Burns & Wilcox have promoted 22 insurance industry veterans across 15 locations in the United States and Canada. The promotions were announced at a recognition dinner during the annual 2017...
Insurtech Startup Debuts with $6M and Proactive Cyber Risk Product
Nov 16 2017 // A California insurtech startup with a new cyber product has launched today to offer brokers and their clients what it calls “redesigned insurance, with cyber security expertise at its core.” Mountain View,...
UK Regulator’s Broker Probe May Make London Market More Competitive: Fitch
Nov 16 2017 // The UK Financial Conduct Authority’s review of the wholesale insurance broker market could help counter the trend of rising expenses for London market insurers, according to a Fitch Ratings briefing. This could make...
Alera Group Acquires Illinois Professional Liability Broker, Flagship Healthcare
Nov 14 2017 // Deerfield, Illinois-based Alera Group, a national employee benefits, property and casualty, risk management and wealth management firm, has acquired Flagship Healthcare, a physician-owned insurance brokerage specializing...
NIF Group Acquires Connecticut’s Agency Intermediaries and Massachusetts’ A.I.I.
Nov 14 2017 // NIF Group Inc. (NIF), a wholesale broker, program administrator and managing general agency, and its parent company JenCap Holdings LLC (JCH) have agreed to acquire privately held Agency Intermediaries Inc. and A.I.I....
Hub to Buy Wells Fargo Crop Insurance Broker Business
Nov 9 2017 // Global insurance broker Hub International Limited (Hub) has agreed to acquire the assets of the crop insurance broker business of Wells Fargo Insurance. Terms of the agreement to buy the business, known as Wells Fargo Crop...
Tough Road for Trucking Insurance Specialists
Nov 7 2017 // Trucking serves as a barometer of the U.S. economy, representing 70.6 percent of all domestic freight transportation tonnage and $676 billion, or 79.8 percent,of transportation revenues in the country. Despite the...
Professional Insurance Agents of Connecticut Names Black PIA National Director
Nov 7 2017 // The Professional Insurance Agents of Connecticut has named Jonathan T. Black of Fairfield, Conn., its PIA National Director. PIACT is a trade association representing professional, independent insurance agencies and their...
Insurance Agents Regained Organic Growth Momentum in Q2: Reagan
Nov 7 2017 // Insurance agencies and brokerage firms reported that their organic growth rebounded to 4.6 percent in the second quarter of 2017, a reversal from the 3.9 percent reported in the first quarter, which was the weakest growth...
UK Regulator to Probe Wholesale Insurance Broking Market
Nov 6 2017 // Britain’s financial services industry regulator is to launch later this week a long-promised investigation into competition in the wholesale insurance broking market, where one top executive has complained of...
Cyber Service: How the Market Is Dishing Out Innovation
Nov 6 2017 // No one knows what the future of cyber risk holds. But more market choices and value-added services are now part of this fast-growing market. “We don’t know,” said Blake Wiedman, partner at Nashville-based...
People
Nov 6 2017 // Crop insurer, Farmers Mutual Hail Insurance Co. of Iowa (FMH), announced that James A. Brost, retiring senior vice president with Holborn Corp., will join the FMH board of directors on Jan. 1, 2018. Brost began his...
People
Nov 6 2017 // Independent Insurance Agents of Georgia (IIAG) announced that John Barbour, formerly vice president of Governmental Affairs, was chosen to serve as new chief executive officer. Barbour began leading the association on...
People
Nov 6 2017 // Los Angeles, Calif.-based Worldwide Facilities has named Cameron Kelly its chief operating officer. Kelly will be responsible for managing the company’s production offices, compliance, and acquisition integration. He...
DFS Finalizes Regulation to Strengthen New York No-Fault Insurance Law
Nov 6 2017 // A new regulation issued by the New York State Department of Financial Services (DFS) aims to curb costs and abuses of New York’s no-fault insurance law while leveling the playing field for New York insurers,...
New York Finalizes Regulations to Crack Down on Title Insurance Industry
Nov 6 2017 // The New York Department of Financial Services (DFS) has finalized two regulations to protect New Yorkers and crack down on unscrupulous practices in the title insurance industry. These regulations, which are the...
XPT Group Acquires Wholesaler WSS and West-Pro of Texas
Nov 3 2017 // A new insurance distribution partnership XPT Group reports it has acquired WSS, a Plano, Texas, wholesale broker and managing general agency (MGA) including Western Security Surplus Insurance Brokers Inc. and its managing...
Former Nebraska Insurance Agent Gets Prison Sentence for Stealing Clients’ Money
Nov 2 2017 // Nebraska judge has sentenced a former insurance agent to at least six years in prison for bilking clients out of nearly $160,000, saying he felt “heartsick” for the victims. The Lincoln Journal Star reports the...
