Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Massachusetts Agents Have Over $1B Financial Impact on State
Dec 7 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, a new study commissioned by the...
Indiana High Court Allows Negligence Claim Against Agent
Dec 4 2015 // Indiana’s high court has confirmed a lower court’s summary judgment favoring a property insurer that denied a homeowner’s claim after discovering that misleading information about the condition of the...
Kuckenbaker Joins Brokerage Team at SierraSpecialty in California
Dec 3 2015 // Patricia Kuckenbaker has been named a surplus lines broker with SierraSpecialty’s team in Clovis, Calif. Kuckenbaker will be operating throughout the Western U.S. Her specialty is brokering contractors and...
Helping Independent Agents Compete and Evolve
Dec 3 2015 // This post is part of a series sponsored by CoreLogic. Even with advancements in the direct-to-consumer channel, independent agents (IAs) continue to be a dominate distribution channel for property & casualty...
Plymouth Rock Promotes Nisenson to Lead N.J. Prudential Agent Division
Dec 3 2015 // Larry Nisenson Plymouth Rock Assurance has promoted Larry Nisenson to president of the Plymouth Rock Prudential Agent Division. He is based in Red Bank, New Jersey. Plymouth Rock’s Prudential Agent Division supports...
Shanghai Asian Insurance Brokers Registered as 1st Chinese Lloyd’s Broker
Dec 1 2015 // Shanghai Asian Insurance Brokers Co. Ltd. (SAIB) has been registered as the first Chinese Lloyd’s registered broker. Based in Shanghai, SAIB specializes in liability insurance, special risk insurance and reinsurance,...
Former Texas Agent Pleads Guilty to Fraud, Faces 20 Years in Prison
Nov 30 2015 // A 64-year-old former Texas insurance agent has pleaded guilty to wire fraud and money laundering, federal prosecutors say, and faces up to 20 years in prison for what amounted to a Ponzi scheme. U.S. Attorney John M. Bales...
Mathieu Appointed President of Collinson Insurance Brokers
Nov 25 2015 // Collinson Group has appointed Yasmine Mathieu as president of Collinson Insurance Brokers Inc. (CIB). Based in Little Rock, Ark., she is part of Collinson Group’s global broking team with associates in Dallas and...
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...
