Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Insurance Broker Caught Pocketing $137K Commissions by Forging Policy Applications
Oct 9 2024 // An insurance broker who collected nearly $137,000 in sales commissions by submitting fabricated insurance applications for end-of-life insurance policies in clients’ names without their knowledge, and used those...
America’s Best Agencies To Work For
Oct 7 2024 // The votes are in for the 2024 Best Independent Insurance Agency to Work For survey by Insurance Journal. Employees in 2024 highlighted the importance of competitive salaries, employee benefits, training and education,...
A Better Customer Experience: What Agents Should Expect from Insurers
Oct 7 2024 // In today’s competitive insurance environment, successful independent agencies have focused on building their agency’s brand. To that end, agents must focus on working with insurance companies whose service...
UK Broker Kingfisher Insurance Acquires MIS Motorsport’s Commercial Business
Oct 3 2024 // Kingfisher Insurance Services Ltd., the London-based specialist insurance broker, has acquired MIS Motorsport’s commercial business in the UK and Ireland. Financial details of the transaction were not disclosed. As...
Agent Satisfaction With Insurers Holds Strong; Erie Tops for Personal Lines
Oct 2 2024 // Overall agent satisfaction with insurers of both personal lines and commercial lines has held strong despite a challenging underwriting environment, says a new J.D. Power study, with commercial lines satisfaction reaching...
Markets/Coverages: Hub Int’l Forms Partnership With Largest Trucking Broker in Mexico
Oct 2 2024 // Hub International Ltd. (HUB), the Chicago-based insurance broker, announced an exclusive referral and broker program partnership throughout the U.S., Canada and Mexico with MAS Seguros, the largest trucking insurance...
Carolina Agents, Insureds Stunned by Unprecedented Damage So Far Inland
Oct 1 2024 // Insurance agents in the mountain city of Asheville, North Carolina, said they and their policyholders have been stunned by the catastrophic damage brought so far inland by Hurricane Helene, which dumped 14 inches of rain...
Insurance Journal Academy Partners with the Big ‘I’ to Offer Discounted Access to Training Courses
Oct 1 2024 // Partnership will offer Big ‘I’ members and state associations one-hour insurance training modules. October 1, 2024—The Big “I” is pleased to announce a strategic partnership with the Insurance...
Miller Completes Acquisition of Spanish Specialty Re/Insurance Broker Bruzon
Oct 1 2024 // Miller, the London-based specialist re/insurance broker, announce it has completed the acquisition of Madrid-based commercial insurance broker Bruzon Correduría de Seguros y Reaseguros. The transaction, which first was...
Markets/Coverages: MGA Verve Launches Captive Insurance Product and Broker Portal
Oct 1 2024 // Verve Risk Services, the London-based managing general agent, announced the launch of a captive insurance product and its “Verve Aura” broker portal, designed to meet evolving customer needs. Formed in 2016 and...
Canada’s Axis Insurance Acquires P/C Broker Baker Insurance
Sep 27 2024 // Axis Insurance Managers Inc., the Vancouver, Canada-based insurance broker, announced the acquisition of Baker Insurance, a property/casualty brokerage based in Calgary. Financial details of the deal were not...
75% of Independent Agencies Report Revenue Gains From 2022-23
Sep 27 2024 // Despite challenging conditions, 75% of independent insurance agencies saw revenue gains from 2022 to 2023, according to the 2024 Agency Universe Study. That number is significantly higher than between 2020 and 2021, during...
From Architects to Agents: Skiados Hired as PIA Chief Executive
Sep 24 2024 // The National Association of Professional Insurance Agents (PIA) named Michael Skiados as CEO following an extensive search process. He will join the organization on October 15. “Mike’s ability to transform the...
A-G Specialty Expands With Acquisition of eSportsInsurance Brokerage
Sep 24 2024 // A-G Specialty Insurance, a brokerage specializing in coverage for niche industries, is expanding its reach in the amateur sports world with the acquisition of eSportsInsurance, based in Lilburn, Georgia. A-G Specialty,...
Lockton Gets Regulatory Approval to Operate Reinsurance Brokerage in Colombia
Sep 19 2024 // Lockton, the Kansas City, Missouri-based insurance brokerage firm, announced it has received regulatory approval to operate a reinsurance brokerage business in Colombia. “Lockton’s continued growth in Latin...
McGowan Owner Jackson Takes Reins as Big ‘I’ Chairman
Sep 16 2024 // Todd Jackson, owner and partner of McGowan Insurance Group, has been named chairman of the Independent Insurance Agents & Brokers of America (the Big “I”). Jackson was installed as the 2024-2025 chairman of...
Young Brokers Share a Few Keys to Success
Sep 16 2024 // Finding success in the excess and surplus lines sector means building relationships, finding a specialty, putting in the work and getting creative in both hard and soft market cycles, young wholesalers...
A Fresh Take on Commission: Envisioning a System That Supports the Agent, Carrier and Consumer
Sep 16 2024 // I confess that for a guy who has made his living largely on commissions for decades, I don’t like the concept. It’s not that I don’t like getting paid — I do — but I find the commission system...
‘No’ Is Not an Option for E&S Brokers Managing Busy Times – Young E&S Pros Share Views on Surplus Lines
Sep 16 2024 // Wholesale insurance teams are up for a challenge, and they need to be. Rising rates, shrinking appetites, hurricanes, wildfires and increased demand mean those working in the excess and surplus (E&S) sector are facing...
Catalyit, Big I Partner on Tech-Adoption Support for Independent Agents
Sep 10 2024 // Catalyit, an insurance technology hub for independent insurance agents, is partnering with the Independent Insurance Agents & Brokers of America, Inc. (the Big “I”) to support independent insurance agents...
