Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Purifoy Elected President of Combined Agents of America
May 31 2016 // The independent insurance agency network, Combined Agents of America LLC (CAA), has elected Mack Purifoy to serve as president for the coming year and secretary David Wellmann to serve as secretary. Purifoy owns Purifoy...
PIANY’s Priority Legislation Introduced to Address CE Requirements
May 27 2016 // The Professional Insurance Agents of New York State Inc. (PIANY) said New York State Assembly has introduced a PIANY-drafted bill (A.10378) that would eliminate the need for agents and brokers to take duplicate...
Ropner Insurance Services Appoints 6 New Brokers as Part of Ongoing Expansion
May 27 2016 // Ropner Insurance Services Ltd., the Lloyd’s and London market broker, has appointed six new brokers as part of its ongoing expansion, following the Global Risk Partners Ltd.-backed management buyout last year: Gary...
The Unpleasantness of Selling and Buying Insurance
May 26 2016 // Do you have a minute to talk about your death? It isn’t easy to sell life insurance. Investing in a mutual fund, you feel like you’re saving money. Purchasing insurance, you feel like you’re spending...
South Dakota Reminds Surplus Lines Insurance Brokers of Policy Filing Changes
May 26 2016 // The South Dakota Division of Insurance has issued a bulletin to surplus lines insurance brokers of changes in store for the filing of surplus lines policies. The changes are due to the wind down of the Nonadmitted...
Independent Insurance Agents of Virginia Names New Education Director
May 25 2016 // Carter Hope Lyons The Independent Insurance Agents of Virginia (IIAV) has hired Carter Hope Lyons as director of Education and Professional Development. Based in IIAV’s Richmond, Virginia, office, Lyons will also...
Brokers Dealing with Soft Market, ‘Market Fatigue’ in Medical Professional Liability
May 24 2016 // Powered by InsuranceJournal.tv Are insurance brokers experiencing “market fatigue” in the medical professional liability line of insurance right now? Could be, according to Daniel Nash, senior vice president of...
Washington Commissioner Fines Insurance Professionals $113K
May 23 2016 // Washington Insurance Commissioner Mike Kreidler issued fines in April totaling $113,600 against insurance companies, agents and brokers who he said violated state insurance regulations. The list, which Kreidler’s...
R-T Specialty Hires CRC Exec Sparling in New York
May 23 2016 // R-T Specialty LLC, the wholesale brokerage unit of Ryan Specialty Group LLC, has hired J.C. Sparling as executive vice president. He is based in New York City. Sparling is a seasoned property wholesale broker who has been...
Fraud Leads to 20-Year Prison Sentence for Houston Insurance Agent
May 23 2016 // Harris County District Attorney Devon Anderson that a Houston-based insurance agent has been sentenced to 20 years in prison after a Texas Department of Insurance investigation uncovered an annuity scam, in which she...
Staying Relevant in the Age of the Customer
May 23 2016 // Laptops, smartphones and tablets are giving consumers the power to make buying decisions from anywhere, and at any moment of their choosing. “We’ve entered this new age — the age of the customer,”...
What to Know About Travelers’ CGL Cyber Ruling
May 23 2016 // Experts are cautioning insurance buyers and sellers not to overreact to the recent federal court decision finding data breach defense coverage under a commercial general liability (CGL) policy. Buyers would be mistaken to...
Large, Mid-Sized Agencies See Revenue Growth in Q1: Reagan
May 23 2016 // Organic revenue growth at privately-held large and mid-sized insurance agencies bounced to 5.1 percent for the first quarter of 2016, up from 4.6 percent for the full year 2015, according to the latest Reagan Consulting...
Agents Sound Off on Compensation
May 23 2016 // On a first quarter results call, W.R. Berkley Corp. President and CEO Robert Berkley cited a growing and alarming level of tension between carriers and distribution, driven by what he called a fight to grow margins in the...
Chubb CEO Greenberg Rolls Out Welcome Mat for High Net Worth Competitors
May 23 2016 // Estimating that the high-net-worth (HNW) personal lines market has more than $30 billion worth of business up for grabs, and the small commercial lines market, another $80 billion, Chubb Limited CEO Evan Greenberg sees...
Former New Jersey Agent Sentenced for Bilking $1M From MassMutual
May 20 2016 // A former insurance agent in Essex County, New Jersey, is going to prison for bilking Massachusetts Mutual Life Insurance Company of more than $1 million in commissions and bonuses. A judge sentenced 33-year-old Stanley...
Arizona Governor Signs Law to Close Agent Malpractice Loophole
May 19 2016 // Arizona’s governor has signed a bill to fix a loophole that exposes agents who write auto policies to malpractice suits. The bill was written in response to an Arizona Supreme Court ruling in July 2015 favoring an...
Agents Seek Better Compensation Deal with Carriers
May 19 2016 // On a first quarter results call W.R. Berkley Corp. President and CEO Robert Berkley cited a growing and alarming level of tension between carriers and distributors, driven by what he called a fight to grow margins in the...
Monarch E&S Opens New California Office, Names Five New Employees
May 18 2016 // Monarch E&S Insurance Services has opened a second San Diego County, Calif. office, this one in San Marcos. Five new employees will work out of the office. The employees are: Michelle Mitchell, senior...
On Wine Day, Consider Wineries and Vineyards a Fertile Field
May 18 2016 // If you’re one of those people who think there are enough holidays already, then you may not be happy to hear that National Wine Day is coming up – unless you really like wine, then perhaps an exception is in...
