Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Compensation Trends Reshaping Client Service Salaries Within Insurance Agencies
Mar 18 2024 // After numerous requests for insurance industry compensation information, our team at Capstone started to track and analyze compensation data derived from our recruiting activities. Our most recent report came out in...
The Future of Insurance Agencies
Mar 18 2024 // There is a traditional proclamation made following the accession of a new monarch in various countries that simultaneously announces the death of the previous monarch and asserts continuity by saluting the new monarch....
Illinois Insurance Agent Sentenced 7 Years for Swindling Premiums
Mar 18 2024 // The owner of a suburban Chicago insurance agency has been sentenced to seven years in federal prison for swindling more than $1 million from clients by collecting annuity premiums for policies that he never purchased, the...
Novatae Acquires UK-Based Broker Bretton Woods International
Mar 13 2024 // Novatae Risk Group announced that it acquired the Lloyd’s broker Bretton Woods International (BWI) of London. The transaction is subject to applicable regulatory approval and is expected to close before the end of...
Former California Agent Arraigned for Allegedly Stealing $380K in Premiums from Businesses
Mar 7 2024 // Formerly licensed insurance agent Marcia Wable, 66, of Clovis, California, was arraigned on eight felony counts of embezzlement, forgery, and false impersonation after a California Department of Insurance investigation...
Howden Acquires UK Sport and Entertainment Specialist Broker, Hencilla Canworth
Mar 6 2024 // Howden, the London-based insurance intermediary group, announced it has acquired Hencilla Canworth GI Ltd., a leading British independent specialist performing arts insurance broker. Founded in 1981, based in Croydon, UK,...
Hub International Acquires Pair of Michigan Agencies
Mar 5 2024 // Hub International Limited, a global insurance brokerage and financial services firm, announced that it has acquired A.S. Arbury and Sons, Incorporated (Arbury Insurance Agency) and the assets of Michelle L. Everett, Inc....
Insurance Agent Pleads Guilty, Will Testify in Bribery Case Against Senator Menendez
Mar 5 2024 // A former New Jersey insurance agent has agreed to a deal with prosecutors under which he will testify in the federal corruption case against U.S. Senator Bob Menendez. In federal court in Manhattan last Friday, Jose Uribe...
New Survey Reveals How Independent Agents Are Adapting to the Hard Market
Mar 4 2024 // The hard market has independent agents “going the extra mile” to prioritize client communication, retention, technology and team morale. Trusted Choice, the national consumer brand representing the members of...
Marsh McLennan Agency Acquires Pair of Louisiana Agencies
Mar 4 2024 // Marsh McLennan Agency (MMA), a subsidiary of Marsh, announced that it has completed its previously announced acquisitions of two Louisiana-based middle-market agencies, Querbes & Nelson (Q&N) and Louisiana...
Tomorrow’s Insurance Agent: Leveraging New Skill Sets Next Gens Bring to the Table
Mar 4 2024 // For the last decade and a half, business leaders have struggled to comprehend, motivate and manage the millennial generation. Recently, I read an online article where business owners discussed the “new”...
People Moves: Alliant Hires Ross to Bay Area Brokerage Team
Mar 1 2024 // Alliant Insurance Services hired Frank Ross as vice president within its Alliant Americas division. Ross joins Alliant with a property/casualty insurance background encompassing risk management, cyber liability, and...
Florida Bills Moving, But Agents Disagree on One That Bars Cancellations After Storms
Feb 29 2024 // Florida legislation that has been called an “agents’ bill” because it could perhaps make life a little easier for insurance agents after storms, passed a major hurdle this week, moving it closer to...
Join the Future: 6 Reasons to Explore Automated Compliance and Producer Management with AgentSync
Feb 28 2024 // This post is part of a series sponsored by AgentSync. The insurance industry has been slow to adopt digital-first frameworks for doing business, and the part of the business that deals with compliance and regulation change...
Illinois Insurance Agent Sentenced to 7 Years in Prison for Swindling Premiums
Feb 27 2024 // The owner of a suburban Chicago insurance agency has been sentenced to seven years in federal prison for swindling more than $1 million from clients by collecting annuity premiums for policies that he never purchased, the...
Signers National Acquires Texas’ Affiliated Insurance Agents
Feb 26 2024 // Signers National a group of insurance companies dedicated to servicing key client segments across the United States, announced the acquisition of Affiliated Insurance Agents. Affiliated Insurance Agents is an independent...
Agents, Brokers Achieve Record Annual Growth in 2023
Feb 26 2024 // The independent insurance agent and broker channel posted an organic growth rate of 10.3% in 2023 — the highest annual level achieved since Reagan Consulting launched its quarterly growth and profitability study in...
NC Insurance Agent with Multiple Businesses Pleads Guilty to Tax Evasion
Feb 22 2024 // A North Carolina insurance agent has pleaded guilty to tax evasion and could face up to five years in prison and a $250,000 fine, a federal prosecutor said Wednesday. Arturo Barcenas Gonzalez, is owner of Barcenas...
Marsh McLennan Acquires 2 Louisiana Agencies
Feb 20 2024 // Marsh McLennan Agency (MMA), a subsidiary of Marsh, announced that it signed agreements to acquire two Louisiana-based middle-market agencies, Querbes & Nelson (Q&N) and Louisiana Companies, doubling the...
‘New Normal’ in Agency M&A Landscape Experts Share 2024 Outlook for Independent Agencies
Feb 19 2024 // The number of announced insurance distribution mergers and acquisitions boomed in 2021 and 2022. Last year, the count plummeted to levels seen at the beginning of the decade. Insurance Journal recently interviewed four...
