Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
California Agent Allegedly Took $100K from Employer And Clients
Jul 12 2016 // Suren Hovhannisyan, 27, a licensed insurance agent of North Hollywood, Calif., was arrested at his residence this week on multiple felony counts of burglary, grand theft, and unauthorized use of access cards after...
Survey: Agents Value Carrier Underwriting More Highly Now Than 5 Years Ago
Jul 12 2016 // A comparison of independent agent opinions five years ago to today shows how far the agency channel has come while also illustrating that certain fundamentals remain important throughout cycles and market...
Correction: Obama Nominates Additional Directors But Producer Registry NARAB Still Falls Short
Jul 11 2016 // Correction: The original version of this article omitted two of President Obama’s nominees, Colorado Insurance Commissioner Marguerite Salazar and Susan Louise Castaneda of The Hartford. Insurance Journal regrets the...
Florida Agents Putting New Law to Work to Attract Millennials to Insurance Careers
Jul 11 2016 // Florida insurance agents are trying to bolster the industry’s track record in attracting college graduates by employing a new state law that aligns college courses with the state’s licensing requirements. The...
5 Principles for Successfully Navigating Complex Property/Casualty Claims
Jul 11 2016 // Property/casualty losses arising from construction defects, earthquakes, hurricanes, floods, fires, industrial accidents, tornadoes or any number of other perils can strike at almost any time. When they do, the impacts to...
With 2016 Hurricane Season Underway, Florida AOB Storm Mounting
Jul 11 2016 // As hurricane season rolls on in Florida, one of the best protections against storms is a strong homeowner/insurance agent relationship. Having the right policy is just the start. Agents can help homeowners protect...
Unlicensed Agent Nabbed for Stealing More Than $140K in Premiums
Jul 11 2016 // Robert Meseer, 63, of Westminster, was arrested last month by California Department of Insurance investigators on 32 felony counts of grand theft, insurance fraud, and forgery after acting as an insurance agent to...
How Agencies Can Prepare Before the Storm
Jul 11 2016 // Whether it’s an earthquake on the West Coast, a hurricane on the East Coast, tornadoes and floods in the Midwest, or an act of terrorism, all businesses have the potential of being faced with a disaster that can...
Tech Talk: Digital Dinosaurs and Insurance Competency
Jul 11 2016 // I have had agents tell me they have lost clients because of their “digital deficiencies,” which can include outdated websites and email systems and the lack of mobile capabilities. The exact mix of factors...
Confie Acquires 2 New York Agencies: Sprague in Corning; Mason in Hancock
Jul 7 2016 // National insurance distribution firm Confie has acquired two insurance brokerages in New York State – Lloyd D. Sprague & Son Inc. and J.N. Mason Agency Inc. Confie, a portfolio company of ABRY Partner, has completed...
Gen Re Seeks to Add Brokerage Business Through Hookup with TransRe
Jul 6 2016 // General Re, the unit of Warren Buffett’s Berkshire Hathaway Inc. that appointed a new chief executive officer in May, struck a deal with a rival reinsurer to help revive sales. Alleghany Corp.’s TransRe will...
Arthur J. Gallagher Buys Brim, Expanding Scandinavia Specialty Footprint
Jul 6 2016 // Arthur J. Gallagher has extended its investment in Scandinavia by acquiring an 85 percent stake in Swedish specialist insurance and reinsurance broker Brim AB. With revenues of US$11.4 million and employing 29 people, Brim...
Commercial Insurance Rate Cuts Slowed in June: MarketScout
Jul 5 2016 // The composite rate for commercial insurance placed in the United States moderated in June to minus 1 percent from minus 2 percent in May 2016. “Insurers are getting tired of cutting rates,” said Richard Kerr,...
UK Broker Network Compass Completes Management Buyout from Gallagher
Jul 5 2016 // UK broker network Compass has completed a management buyout from Arthur J. Gallagher, for an undisclosed sum. The deal sees the Compass business transfer into wholly independent ownership for the first time since its...
Worldwide Facilities Hires Begnaud as Sr. VP, Broker in Houston
Jun 30 2016 // National wholesale insurance broker and managing general agent, Worldwide Facilities LLC, has added Matthew Begnaud in Houston office as senior vice president and broker. Begnaud has more than 10 years of industry...
NFP Acquires Utah’s First West Brokerage Services
Jun 30 2016 // National insurance broker and consultant, NFP Corp., has acquired First West Brokerage Services Inc. (First West), based in Orem, Utah. Founded in 1987, First West is a full service benefits insurance broker and consultant...
Marine Specialist Latitude Brokers Launches Singapore Office
Jun 29 2016 // Latitude Brokers, the Hong Kong-based marine insurance specialist, has opened an office in Singapore, their second in Asia. With the continued growth of the marine markets in Singapore as well as the Lloyd’s...
TWFG Honors Top Agents with Awards
Jun 24 2016 // The Woodlands, Texas-based The Woodlands Financial Group announced its annual agent awards at the group’s recent national convention. President and CEO Gordy Bunch inducted 20 new members into the Million Dollar Club...
Unlicensed Agent Nabbed for Stealing More Than $140K in Premiums
Jun 24 2016 // Robert Meseer, 63, of Westminster, was arrested by California Department of Insurance investigators on 32 felony counts of grand theft, insurance fraud, and forgery after acting as an insurance agent to allegedly steal...
Insurers, Agents Together Need to Lower Distribution Costs: Berkley
Jun 23 2016 // Partnership and greater efficiency will help lead the way to continued profitability for the property/casualty insurance industry despite a new level of uncertainty globally, according to William Berkley, executive...
