Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Insurance Agency Manager McVey Named West Virginia Insurance Commissioner
Mar 20 2017 // West Virginia Gov. Jim Justice, who was elected this past November, has appointed BB&T Insurance Agency Manager Allan L. McVey to serve as West Virginia’s Insurance Commissioner, effective April 1. McVey has been...
KKR and Canadian Pension Fund to Acquire Insurance Broker USI in $4.3 Billion Deal
Mar 17 2017 // Private equity firm KKR and Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) agreed to buy USI Insurance Services from Onex Corp. in a $4.3 billion deal, including debt. The deal is the latest in a...
High-Net-Worth Individuals Concerned About Underinsurance: Chubb
Mar 17 2017 // More than half (54 percent) of high-net-worth individuals (HNWIs) are concerned that they are underinsured, with many worried their coverage is inadequate for their needs, according to new research published by...
PIACT Names Frascarelli Professional Agent of the Year
Mar 16 2017 // At the recent Professional Insurance Agents of Connecticut (PIACT) annual business meeting, Peter Frascarelli, CPIA, of the Peter M. Bakker Agency of Avon, Conn., was named Professional Agent of the Year. Frascarelli is...
Young Insurance Agents: Tell Us What You Think
Mar 10 2017 // Are you a young insurance agent, 40 years old or younger? Do you know a young insurance agent? Insurance Journal is searching for young insurance agents to participate in this year’s Young Insurance Agents Opinion...
London Insurance Market Provides Brexit Negotiations’ Wish-List
Mar 10 2017 // A Brexit trade deal needs to benefit both the UK and the EU – while protecting clients’ access to the London insurance market, according to the London Market Group (LMG), an association representing London’s...
Professional Insurance Agents of Connecticut Elects Distel as President
Mar 10 2017 // The Professional Insurance Agents of Connecticut Inc. (PIACT) elected Kenneth A. Distel of Avon, Conn., as president at the association’s Annual Convention held in March at the Foxwoods Resort Casino in Mashantucket,...
Mentor-Driven Global Insurance Accelerator Is Enjoying its Own Growth-Spurt
Mar 9 2017 // A three-year-old Des Moines, Iowa-based business startup accelerator focused solely on the global insurance industry has developed into a streamlined organization with more applicants, more investors and more mentors than...
What’s Up with Salaries at Insurance Agencies?
Mar 9 2017 // Salaries for insurance agency management, owners, principals and producers were up in 2016. Total compensation for support staff also increased, although not by as much as it did the year before. That’s according to...
Wholesale Broker Groups NAPSLO, AAMGA Merging to Form WSIA
Mar 8 2017 // The insurance industry could soon have a new acronym: WSIA. Introducing the Wholesale and Specialty Insurance Association (WSIA). That’s the name and acronym for the new wholesale, specialty and surplus lines...
Insurance Agents Can Help Nonprofits Deal with Changes Ahead
Mar 8 2017 // Nonprofit organizations are a loyal bunch, often sticking with their insurance agents and brokers for years. But there is room for new agents who can help nonprofits fill some coverage gaps, cope with political changes...
New York’s Cybersecurity Rules: What Insurance Professionals Should Know
Mar 6 2017 // The New York Department of Financial Services (DFS) has issued cybersecurity requirements for financial services companies (cyber rules) that went into effect March 1. The cyber rules, codified at 23 NYCRR §500, require...
People
Mar 6 2017 // Henderson Brothers Inc., a Pittsburgh, Pa.-based independent broker, has hired Jeremy Taggart as a financial analyst in the employee benefits department. In his new role, Taggart will use his three years of industry...
The Competitive Advantage: Insurance is Losing the Battle of Public Relations
Mar 6 2017 // Flooding in southern Louisiana in the late summer of 2016 revealed 86 percent of flooded homes had no flood insurance. No flood insurance next door to one of our nation’s — and that state’s —...
Tiny Homes: How agents, insurers are helping to lay a foundation for a growing insurance market
Mar 6 2017 // Despite big media hype that has included TV shows, magazines and blogs, the tiny home market is still small. Figures on its current size are hard to come by but the tiny home movement of people looking to downsize and...
Mentor-Driven Global Insurance Accelerator Is Enjoying its Own Growth-Spurt
Mar 6 2017 // A three-year-old Des Moines, Iowa-based business startup accelerator focused solely on the global insurance industry has developed into a streamlined organization with more applicants, more investors and more mentors than...
People
Mar 6 2017 // Bruce Carnegie-Brown will become the chairman of Lloyd’s following a meeting of the Council of Lloyd’s where his appointment as successor to John Nelson was approved unanimously. His appointment also was...
Chile-Based Broker Lilienfeld Names Rossi as CEO, Succeeding Lilienfeld
Mar 2 2017 // Lilienfeld Corredores de Seguros has named Claudio Rossi as its next chief executive officer. He succeeds Renato Lilienfeld, who has been CEO since 1986. Lilienfeld will continue as chairman, working closely with Rossi to...
Insurance Agency Manager McVey Named West Virginia Insurance Commissioner
Mar 2 2017 // West Virginia Gov. Jim Justice, who was elected this past November, has appointed BB&T Insurance Agency Manager Allan L. McVey to serve as West Virginia’s Insurance Commissioner, effective April 1. McVey has been...
Labor Department Seeks to Delay Broker Fiduciary Rule for 60 Days for Review
Mar 1 2017 // The U.S. Labor Department has taken a first step toward possible derailment or dilution of its controversial rule on retirement advice as it begins to re-examine it at the directive of President Donald Trump, according to...
