Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Michigan Insurance Broker Sentenced on Racketeering Charge
Nov 24 2015 // A Troy, Mich., insurance broker was sentenced last week to 14 months to 20 years in prison on one count of racketeering, the state attorney general’s office announced. Michigan Attorney General Bill Schuette said...
Program Brokerage Corporation Hires Cunningham as Assistant VP in N.Y.
Nov 24 2015 // Jeffrey Cunningham Program Brokerage Corporation, a wholesale brokerage/managing general agency and a subsidiary of Hub International Northeast, has hired Jeffrey Cunningham as assistant vice president, Environmental...
U.K. MGAs Seek Greater Role in Claims Process: MGAA Matters Survey
Nov 23 2015 // Managing general agents are keen to be more involved in the claims process because they view claims as a core competence with an intrinsic link to underwriting, according to the latest MGAA Matters Survey.* The fourth...
3 Tennessee Agents Face Disciplinary Actions, $680K in Fines by TDCI
Nov 22 2015 // The Tennessee Department of Commerce and Insurance (TDCI) announced disciplinary actions taken against three former Tennessee agents for misappropriation, failure to report administrative actions, and felony convictions...
Texas Agent CE Requirements Changed with Passage of SB876
Nov 19 2015 // Senate Bill 876, passed during the 2015 Texas legislative session, reduced the required credit hours for continuing education (CE) for agent and adjuster license renewals to 24 hours for each two-year renewal period and...
Ohio Working with Active Military, Veterans on Insurance Careers
Nov 18 2015 // Ohio Lieutenant Governor and Insurance Director Mary Taylor is urging Ohioans who are members of the military — both actively serving and veterans — to consider a career in insurance. The state is offering free...
Study: Mass. Independent Agents Have Over $1B Financial Impact on Economy
Nov 17 2015 // Eight years after the introduction of managed competition for private passenger auto insurance and the influx of direct writers and direct response companies into Massachusetts to compete with independent agencies, a new...
The Price of Price Optimization in Insurance
Nov 17 2015 // The use of price optimization in insurance pricing is drawing increased attention and could be the next big industry battle. Or it could not be. Consumer groups and a growing contingent of states are labeling the practice...
Allianz Specialty Names Christie to Head Global Broker Partnerships
Nov 16 2015 // Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has named Rani Christie as head of global partnerships, effective Jan. 1, 2016. In this position, Christie will be...
Academy of Insurance Partners with LAAIA to Offer Online Insurance Training
Nov 16 2015 // Miami, FL, November 16, 2015 — The insurance marketplace is ever changing and continued training is the rule of the day. The high cost of off-site training can be prohibitive for a lot of agencies. Today, that all...
Independent Agency Profitability, Organic Growth Dipped in Q3
Nov 16 2015 // Independent insurance agents and brokers posted median organic growth of 4.4 percent for the third quarter of 2015, compared with 6 percent in the third quarter of 2014, as measured by the Reagan Consulting Organic Growth...
E&O Insights: Personal Lines Generates More Errors & Omissions Exposure than You Think
Nov 16 2015 // Most agents’ errors and omissions (E&O) carriers report that commercial lines generates the majority of E&O claims. However, a significant number of E&O claims arise from the sale and service of...
Agent, Cyber-Educate Yourself – and Your Clients
Nov 16 2015 // A recent report showing that cyber insurance premiums will grow globally from $2 billion annually to more than $20 billion over the next 10 years reinforces what most in the insurance industry already know: cyber risks are...
Agent, Cyber-Educate Yourself – and Your Clients
Nov 16 2015 // A recent report showing that cyber insurance premiums will grow globally from $2 billion annually to more than $20 billion over the next 10 years reinforces what most in the insurance industry already know: cyber risks are...
Cooper Gay Swett & Crawford to Sell North American Business
Nov 13 2015 // Cooper Gay Swett & Crawford (CGSC), the U.K.-based global wholesale, underwriting management and reinsurance broking group, announced today that, following a strategic review of its group businesses, the company will...
Integro Acquires Ellis Clowes, UK-Based Motorsports Specialty Broker
Nov 13 2015 // Integro Ltd., the New York-based insurance broker and risk management firm, has become “the world’s leading motorsports insurance broker,” with the acquisition of Lloyd’s broker Ellis...
O’Connor Joins Southwest Risk as Sr. VP, Broker, Underwriter
Nov 12 2015 // Joe O’Connor has joined Texas-based Southwest Risk LP as senior vice president, broker and underwriter with a primary focus on developing new Marine & Energy products. He is based in Houston. O’Connor has...
Westfield Insurance Foundation Scholarship Honors Outgoing CEO
Nov 12 2015 // The Westfield Insurance Foundation is creating the James R. Clay Scholarship to honor its outgoing chairman and CEO. The Ohio Farmers Insurance Co. (OFIC) board of directors authorized the transfer of $100,000 to the...
CAL Insurance Adds Danfoura to Commercial Brokerage Team
Nov 10 2015 // CAL Insurance & Associates Inc. has named Fred H. Danfoura to its commercial brokerage team. Danfoura joins CAL in to increase the firm’s presence in the educational, nonprofit and investment real estate...
Burns & Wilcox Brokerage Names Parks Vice President in Arizona
Nov 9 2015 // Burns & Wilcox Brokerage has named Susie Parks vice president and senior broker in the firm’s Scottsdale, Ariz. office. Parks will focus on real estate, hospitality, products and product recall coverage. Parks...
