Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Best Agencies to Work For West: LP Insurance – Gold
Nov 20 2017 // When people use the word “connected,” they’re typically referring to the cool vastness of cyberspace, where they can surf the web, send and receive email or Facebook with one another. Often regarded as...
Best Agencies to Work For: Morris & Garritano – Overall Winner
Nov 20 2017 // It’s no easy feat to survive as a small business let alone to survive and thrive after 132 years in operation. That’s what Morris & Garritano (M&G) — winner of Insurance Journal’s 2017 Best...
Deal Activity on Record Pace: MarshBerry
Nov 20 2017 // Deal count is on record pace for the first nine months of 2017 (year-to-date, Sept. 30, 2017). There were 357 transactions during this period. By comparison, 334 transactions closed during the same year-to-date period in...
Tech Tips to Reach Millennials: Tech Talk
Nov 20 2017 // Independent agents are slowly accepting the fact that they need to reach out to millennials more effectively. Much of the generation that is now between the ages of 20-36 is entering its prime earning years and starting...
How Surety Bonds Impact Contractor and Agent Relationships
Nov 20 2017 // Even though the surety industry is only a fraction of the total property/casualty marketplace, the importance of surety bonds to contractors and their impact on their relationship with insurance brokers is significant. A...
Rebating Laws Should Not Apply to Broker Fee Agreements
Nov 20 2017 // A negotiated retail broker agreement is a contract between a retail producer and an insuranace buyer whereby the parties agree to a total package of services for a fee that takes account of the broker’s commission...
The Senior Care Market Still Going Strong
Nov 20 2017 // The aging U.S. population will create unprecedented demand for the senior living industry for decades to come and that opens the door for agents and brokers to grow their business in this sector. But understanding the...
Insurance Agents Make Gains to Organic Growth in Q2: Reagan
Nov 20 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...
Disaster Planning for Agencies: Minding Your Business
Nov 20 2017 // Northern California and specifically Sonoma and Napa Counties have experienced the worst wildfires in the history of California. Most of these fires began around Oct. 8, 2017, during night with extremely high winds, that...
Allstate Sues Former Agent Over EA Agreement in Mass. Federal Court
Nov 20 2017 // Allstate is suing one of its former agents in United States District Court for the District of Massachusetts, alleging the agent breached a one-year non-compete clause by misusing Allstate’s confidential information...
People
Nov 20 2017 // S.S. Nesbitt & Co. Inc., a Southeastern insurance agency and division of EBSCO Industries Inc. (EBSCO), has appointed insurance veteran Paul Barber as president. Barber comes to S.S. Nesbitt after having spent 25 years...
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...
