Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Tech Talk: Digital Transformation 2.0
Sep 19 2016 // The just released Insurance Digital Transformation Study (available at www.insurancedigitalrevolution.org) sheds light on why agents struggle with adapting to digital technology. As we have discussed extensively, agents...
Professional Insurance Agents of New York State Elects Parsons as President
Sep 15 2016 // Professional Insurance Agents of New York State Inc. (PIANY), a trade association representing professional, independent insurance agencies, brokerages and their employees throughout the state of New York, elected John C....
To Cut Costs, Reinsurers Should Lower Brokers’ Fees, Says Lloyd’s Chairman
Sep 15 2016 // Reinsurers, forced to cut prices for four years in a row, should target brokers’ fees as the industry seeks to reduce costs, according to Lloyd’s of London Chairman John Nelson. The brokers need to cut profit...
ProSight, Program Brokerage Corporation Launch Pest Control Program
Sep 15 2016 // ProSight Specialty Insurance has launched a new pest control program to be distributed by Program Brokerage Corporation (PBC), a wholesale insurance brokerage firm and the official endorsed broker of the National Pest...
Mississippi Insurance Agent Charged in Prison Bribery Case
Sep 14 2016 // An insurance agent from Jackson, Miss., is the latest person indicted in a corruption case tied to the former head of the Mississippi prison system. Guy E. “Butch” Evans, 61, appeared Aug. 24 in U.S. District...
New Big ‘I’ Leadership Team with Chairman Houldin Installed
Sep 13 2016 // The Independent Insurance Agents & Brokers of America (the Big “I”) last week installed new officers who have begun serving their terms. Connecticut independent agent Spencer Houldin was inaugurated as the...
Former Ohio Insurance Agent Sentenced for $58K Grand Theft
Sep 13 2016 // A former Ohio insurance agent and agency owner has been sentenced for grand theft after pleading guilty to misappropriating more than $58,000 from two clients, the Ohio Department of Insurance announced. Charles Gabel, of...
Iroquois South Expands into Louisiana with First Member Agencies
Sep 13 2016 // Iroquois South, a network of independent insurance agencies, has added its first members in Louisiana: Juban Insurance Group of Baton Rouge; Lowry-Dunham, Case & Vivien of Slidell; Louisiana Insurance Services of...
Court Smacks Down California Regulators Over Broker/Agent Ruling
Sep 9 2016 // An Orange County, California court has given the state’s Department of Insurance a stunning smack down in a long-running case about the “broker fees” charged by some insurance agents. The complicated case...
London’s BMS Re Acquires Texas Reinsurance Broker
Sep 9 2016 // London-based BMS Re US, a specialist insurance and reinsurance broker, has acquired a reinsurance intermediary that complements its own operations. BMS, which is the broking arm of Minova Insurance, acquired Advocate...
Current State of P/C Insurance Agency Mergers and Valuations
Sep 8 2016 // The number of insurance agency mergers and acquisitions in the first half of 2016 ranked as second-most-active six-month period since 2008. According to a new report on agency merger acivity by Chicago-based investment...
Trade Group: Insurance Industry Adding Jobs in Ohio at a Rapid Pace
Sep 7 2016 // Powered by InsuranceJournal.tv In terms of employment opportunities, the insurance industry in Ohio is growing at a robust pace, a state insurance industry trade group says. In the 2016 edition of its “Insurance in...
Hub Acquires Assets of Alaska-Based Patterson Insurance Brokers
Sep 7 2016 // Hub International Ltd. has acquired the assets of Anchorage, Alaska-based Patterson Insurance Brokers. Terms of the deal were not disclosed. Kent Patterson, Patterson’s president, will join Hub Northwest as vice...
New York’s Integro Insurance Brokers Acquires Insurance Revolution
Sep 7 2016 // Integro Insurance Brokers, a New York headquartered international broker and risk management firm, has acquired Insurance Revolution Inc., a Princeton, N.J., based risk management firm. Insurance Revolution Inc. is the...
Ratings Agencies Expect Reinsurance Premiums to Continue Dropping in 2017
Sep 7 2016 // Reinsurance premiums are likely to continue to fall next year, ratings agencies said on Tuesday, following years of weaker prices due to competition in the sector and a lack of natural catastrophe losses. Reinsurers act as...
Mississippi Physician Accused of Trading Prescription Drugs For Escorts
Sep 6 2016 // Federal officials say a Mississippi physician offered to illegally trade prescriptions for escort services and later sold prescriptions for money to the escort and an undercover agent. Dr. Michael Loebenberg of Ocean...
Illinois, Missouri Handle Problem of Uninsured Drivers Differently
Sep 6 2016 // Dan McMullen is an insurance agent in Ferguson, Mo. His Solo Insurance office is on West Florissant Avenue, the epicenter of the trouble two years ago. The building next to his office burned into ruins. There aren’t...
Trucking Through Cost, Talent, & Regulatory Roadblocks
Sep 6 2016 // It’s been a rough ride, full of twists, turns and a few roadblocks for truckers and their insurance specialists. Truckers today face a number of obstacles that have raised the cost of doing business, including tough...
Consumers Rely Too Much on Homeowners Insurance: Survey
Sep 6 2016 // Too few Americans take steps to prepare for disasters, and too many assume their home insurance policies will bail them out if one strikes. As disaster season peaks, a new national consumer survey commissioned by Trusted...
Expert Gives Agents C- on Understanding of Cyber Insurance
Sep 6 2016 // Eduard Goodman, chief privacy officer of Scottsdale, Ariz.-based IDT911, an identity theft protection firm, isn’t too high on the industry’s knowledge of cyber insurance, cybercrime and data theft. Goodman...
