Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Agent-Broker Organic Growth Slows to 5-Year Low: Reagan Consulting
Aug 4 2016 // Organic revenue growth in independent insurance agencies and brokerage fell to 4.0 percent for the second quarter of 2016, down sharply from 5.9 percent for the second quarter of 2015, and the lowest rate since 2011, as...
PIA of Georgia Names New Officers; Tillman Elected President
Aug 4 2016 // Members of the Professional Insurance Agents of Georgia (PIA of Georgia) elected Hamilton Tillman serve as president at their annual meeting held at Lake Oconee, Georgia. Tillman is president of Tillman Insurance Agency,...
Miami Agent Gets 2-Year Prison Sentence for Issuing Fake Insurance Policies
Aug 4 2016 // A former insurance agent in Miami has been convicted and sentenced to prison on multiple felony charges, including creating fake insurance documents for his clients. The Florida Department of Financial Services’...
Atlas General Insurance Services Announces New Online Workers’ Compensation Platform, GoQuote
Aug 3 2016 // San Diego, CA, August 3, 2016 – Atlas General Insurance Services, LLC (‘Atlas’), a national multi-line program administrator, announced the launch of GoQuote, a new online quoting system for managed...
J.M. Wilson Promotes Galecka; Hires Richards and Moloney
Aug 1 2016 // J.M. Wilson, based in Portage, Mich., has promoted Kristy Galecka to senior property/casualty underwriter and garage specialist. Galecka is responsible for quoting new and renewal accounts for a wide variety of commercial...
Starnes Succeeds Basso as CEO at Worldwide Broker Network in California
Aug 1 2016 // San Mateo, Calif.-based Worldwide Broker Network’s board of directors has elected Francie Starnes as CEO. Starnes succeeds Bruce Basso, who becomes chairman emeritus. Starnes was named WBN president and chief...
Brokers Assess Current Construction Insurance Market: Thumbs Up
Jul 29 2016 // Amid ups and downs, the construction market has nevertheless enjoyed steady growth over the past four years. Now construction insurance specialists believe the market is really heating up. The competition has carriers...
QBE to Supply General Insurance Products for Manulife Customers in Hong Kong
Jul 29 2016 // Manulife (International) Ltd. and QBE Hongkong & Shanghai Insurance Ltd. have formed an exclusive distribution agreement whereby QBE will supply general insurance products in Hong Kong for distribution through...
ITC, Compare.com Team Up to Expand Online Auto Insurance Quote Services
Jul 28 2016 // Insurance Technologies Corporation (ITC), headquartered in Carrollton, Texas, and Compare.com, based in Richmond, Va., have partnered to help provide more auto insurance quotes to online insurance shoppers, the companies...
JLT Re Names Chandler EVP And Managing Broker in California
Jul 28 2016 // JLT Re has named Pete Chandler executive vice president and managing broker. He will be based in JLT Re’s San Francisco, Calif. office and report to Ed Hochberg, CEO of JLT Re in North America. Chandler comes from...
Capsicum Re Hires Bousfield, Palmer and O’Dwyer-Smith to Cyber Team
Jul 27 2016 // Capsicum Re*, the specialist reinsurance broker, announced it has hired Patrick Bousfield, Jane Palmer and Alice O’Dwyer-Smith to its cyber team. They are based in the London office and report to Ian Newman, a...
SLSOT’s Essary Intent on Using Data to Better Communicate with Stakeholders
Jul 25 2016 // Surplus lines may not be the most widely understood segment of the property/casualty insurance industry but for risk managers of large organizations it’s often the go-to market for complicated risks for which...
Growth Partners: Equity Firm Kohlberg Invests in Wholesaler U.S. Risk
Jul 25 2016 // Dallas-based international specialty lines underwriting manager and wholesale broker U.S. Risk Insurance Group Inc. has agreed to partner with the private equity firm, Kohlberg & Co. With capital and two board members...
California Agent Allegedly Took $100K from Employer And Clients
Jul 25 2016 // Suren Hovhannisyan, 27, a licensed insurance agent in North Hollywood, Calif., was arrested at his residence in early July on multiple felony counts of burglary, grand theft, and unauthorized use of access cards after...
Navigating California’s High Workers’ Comp Rates and Excessive Lawsuits
Jul 25 2016 // California employers routinely pay the highest insurance rates for workers’ compensation in the country. The increasing rates are due to several factors including rising medical costs and an aging workforce. In this...
Treasury Adopts 2 Percent Formula for Defining Auto Insurance ‘Affordability’
Jul 25 2016 // Industry Says Affordability Definition Will Lead to Confusion on Price If the average auto insurance liability premium paid by consumers in minority and low-income neighborhoods is more than 2 percent of the median income...
Pen Canada Launches E-Traded D&O Platform in Response to Broker Demand
Jul 22 2016 // Pen Underwriting Canada has launched a purpose-built, e-trading platform for directors and officers insurance, in response to broker demand for a quick-quote, competitive D&O solution. The platform is simple,...
Timothy Furber, CPCU Joins Breckenridge Insurance Services as Senior Vice President, Broker
Jul 21 2016 // Atlanta, GA, July 21, 2016— Timothy Furber, CPCU has joined Breckenridge Insurance Services wholesale brokerage division as a senior vice president, broker in the Portland, Maine area office. Prior to Breckenridge,...
Southland Man Sentenced for Grand Theft After Posing as Insurance Agent
Jul 20 2016 // A Southern California man has been sentenced for grand theft for posing as a licensed insurance broker, selling insurance to commercial truckers and then pocketing premiums. Cristian Raul Videla, 34, of Van Nuys, Calif.,...
Bassman Completes Acquisition of Ascend Insurance Brokerage
Jul 20 2016 // Dallas-based Ascend Insurance Brokerage President and CEO Paul Bassman has closed on the acquisition of the company, purchasing the business from James Chippendale, who founded Ascend in 2001. Ascend specializes in the...
