Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
MGAs Next to Feel Impact of Capital Markets: AmWINS’ DeCarlo
Sep 7 2015 // Steve DeCarloNow that traditional reinsurers are adjusting to the idea that third-party capital providers have moved into their space, managing general agents (MGA) may be next to feel the negative impact of new capital,...
Plymouth Rock’s ‘Prime’ Combines Online Sales With IA Channel
Sep 7 2015 // Plymouth Rock Assurance — a Boston-based auto insurer serving Massachusetts, Connecticut and New Hampshire — launched a new online tool called “Prime.” The insurer says the new tool will give...
Hub International Acquires Agencies in Washington and California
Sep 3 2015 // Hub International Ltd. has acquired the assets of Arrow Insurance Service Inc. in Simi Valley, Calif. and it has acquired the assets of EmSpring Corp. in Washington. Terms of the deals were not disclosed. Arrow provides...
AssuredPartners Acquires Colorado Insurance Broker Sisk & Co.
Sep 3 2015 // AssuredPartners Inc. has acquired Sisk & Co. of Denver, Colo. The agency’s 27 employees will continue to operate from the Denver headquarters under the local leadership of Principal Thomas J. Sisk. Sisk & Co....
Triton Insurance Group Hires New Agent
Sep 3 2015 // Cole Millican Florida’s Triton Insurance Group, a provider of home, auto, business, motorcycle, umbrella, boat and workman’s compensation insurance, has appointed Cole Millican as its newest agent. According to...
U.S. Risk and Strategic Program Managers Announce a New Affiliation
Sep 3 2015 // Dallas, TX, September 3 2015- U.S. Risk Insurance Group, Inc. (www.usrisk.com), the sixth largest managing general agency and surplus lines wholesaler in the nation, announced they have entered into an agreement involving...
Miami Agent Arrested for Operating With Expired License, Stealing Premium Funds
Sep 2 2015 // The Florida Division of Insurance Fraud announced the arrest of Tania Michel, 41, for failing to notify the Department of Financial Services of a federal fraud conviction, continuing to work in the insurance industry after...
Treasury Increases Main Street America’s Surety Bond Capacity to $93.4 Million
Sep 1 2015 // The U.S. Department of the Treasury has raised The Main Street America Group’s NGM Insurance Company’s single surety bond capacity threshold to $93.4 million. The Jacksonville, Fla.-based super-regional...
Kansas Insurance Regulators Considering More Agent CE Hours
Sep 1 2015 // The Kansas Insurance Department is considering whether insurance agents need more training. Currently, the state’s insurance agents are required to complete 12 hours of education every other year. Most states require...
CAA Expanding into Nebraska; Elliott to Lead New Central Region
Sep 1 2015 // The Texas-based agency partnership Combined Agents of America LLC (CAA) announced it is expanding into Nebraska and elected Rick Elliott to serve as central regional vice president. The insurance agency aggregator will be...
Reinsurance Price Drops Moderating? Yes and No, Say Rating Agencies
Sep 1 2015 // Two of the property/casualty insurance industry’s ratings entities – Fitch and Standard & Poor’s – do not see eye-to-eye on whether reinsurance price declines are moderating. Fitch sees the downward...
Texas Legal Insurance Plan Joins Independent Agents Group
Aug 31 2015 // Texas Legal, the statewide nonprofit legal insurance plan founded by the State Bar of Texas and the Texas Legislature, announced it is now a member of the Independent Insurance Agents of Texas (IIAT). Legal insurance...
U.S. Risk to Acquire Florida-Based Strategic Program Managers
Aug 31 2015 // U.S. Risk Insurance Group, Inc. has entered into an agreement involving the acquisition by U.S. Risk of an undisclosed ownership interest in Florida-based Strategic Program Managers, a specialist trucking MGA and broker....
Plymouth Rock’s ‘Prime’ Combines Online Sales With Independent Agent Channel
Aug 30 2015 // Plymouth Rock Assurance — a Boston-based auto insurer serving Massachusetts, Connecticut and New Hampshire — this month launched a new online tool called “Prime.” The insurer says the new tool will...
Hurricane Katrina: The Numbers Tell Their Own Story
Aug 26 2015 // In a 25-year span leading up to 2005, homeowners insurers in Louisiana wrote a total of $13 billion in homeowners insurance premium, from which they earned $1 billion in profit, according to the chief actuary at the state...
Integro Acquires Entertainment Risk Management, London-Based MGA
Aug 26 2015 // The insurance brokerage and risk management firm Integro Ltd. has acquired Entertainment Risk Management Ltd. (ERM), a London-based managing general agent (MGA), to augment its international entertainment practice....
ProSight Specialty, Allied Insurance Brokers Launch Scaffold Insurance Program
Aug 24 2015 // ProSight Specialty Insurance has partnered with Allied Insurance Brokers to offer coverage for the scaffolding industry. According to The Occupational Safety and Health Administration (OSHA) it is estimated that 65 percent...
Illinois Agencies AAdvantage Insurance, Premier Insurance Merge
Aug 19 2015 // AAdvantage Insurance Group in Glen Carbon, Ill., led by founder Dave Viox, recently announced a merger with Premier Insurance Associates located in Edwardsville, Ill. Vince and Deb Valesano, former owners of Premier...
EPIC Hires Baldauf as Broker in Connecticut
Aug 19 2015 // EPIC Insurance Brokers and Consultants, a retail property, casualty and employee benefits brokerage and consultant based in San Francisco, hired Bob Baldauf as a property & casualty insurance broker/producer for...
Sakulenzki Joins Texas-Based Higginbotham as Local Benefits Broker
Aug 19 2015 // Texas-based independent insurance firm Higginbotham has hired Jonathan Sakulenzki as an employee benefits producer in McAllen, Texas. Sakulenzki joins the McAllen office’s two commercial property/casualty insurance...
