Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Texas Insurance Wholesalers Wary of Retail Agent Association MGA
Feb 23 2015 // In mid-November 2014, Texas’ largest association of independent retail insurance agents took the unprecedented step of acquiring a managing general agency as a way of providing its members greater access to...
Low Minimum Limits Unfairly Shift Financial Responsibility
Feb 23 2015 // For years, we’ve listened to those who beat the drum to maintain minimum liability insurance limits that have been in place for decades. They frame their viewpoint as pro-consumer, and on its surface, their message...
Agent-Broker Profitability Reaches Record 21% for 2014
Feb 23 2015 // Agent-broker profitability reached 21 percent for 2014, a new record for the Reagan Consulting Organic Growth and Profitability (OGP) survey that began tracking profitability for agencies in 2008. That median profitability...
Insurance and Online Dating
Feb 23 2015 // With today’s technology the world of knowledge, commerce, and even love, are at people’s fingertips. So Answer Financial asks, why not insurance? If 40 million people choose to find love online, maybe they...
Risky Business: How Agents and the Industry Help Protect Farmers, Ranchers
Feb 23 2015 // When you think of hazardous jobs, what comes to mind? First responders, military professionals, even NFL football players are typically associated with some of the most dangerous jobs on earth. But what about farmers and...
5 Things to Consider When Insuring Yachts
Feb 23 2015 // Driving by a marina or boatyard, most of us admire the beautiful yachts, and may even daydream about a weekend on the water. Insurance agents likely also envision easily selling coverage to recreational boating customers....
Employee Pay Up But Morale Down
Feb 23 2015 // Agency employees are not happy when it comes to compensation, and money isn’t the problem. Despite some reported increases in salaries and total compensation, many employees continue to be unsatisfied when it comes...
E&O Insights: How to Calm the E&O Waters When Insuring Marinas
Feb 23 2015 // As spring approaches, agencies may have some opportunities to secure commercial accounts dealing with watercraft business. These accounts, typically classified as marinas, boat yards or boat moorage, offer a multitude of...
Google to Face Same Obstacles Selling Insurance Online, Says Overstock’s Byrne
Feb 20 2015 // Those now running comparison insurance shopping websites believe that they could be helped if Google enters into the business because the giant search engine could draw more attention to buying insurance online. However,...
AssuredPartners Acquires Amtech Insurance Brokers in New York
Feb 19 2015 // AssuredPartners Inc. has acquired Amtech Insurance Brokers in Latham, New York. Terms of the transaction were not disclosed. Amtech has been providing commercial insurance and risk management services for businesses for...
All Risks Adds White as Casualty/PL Broker in Atlanta Office
Feb 19 2015 // All Risks, Ltd. has announced that Jeffrey White has joined the Atlanta office as a casualty and professional lines broker. White has prior experience in the wholesale and retail insurance sectors as a producer and branch...
Networked Insurance Agents Hires Villegas as Texas Sales VP
Feb 18 2015 // Networked Insurance Agents has hired Henry Villegas as sales vice president in Texas. In this role he serves as the key point of contact for independent agency members in Texas. A native Texan, Villegas has more than 20...
Buying Insurance Is Like Online Dating? Or Loving a Local Agent?
Feb 13 2015 // Buying insurance has been compared to having a root canal and betting with pirates. It’s been called confusing and boring. More than a few have said they’d rather listen to nails on a chalkboard than sit...
California Agents Asked to Inform Customers on Auto Financial Responsibility
Feb 12 2015 // California Insurance Commissioner Dave Jones and state Sen. Ricardo Lara on Thursday urged Californians to make sure they are meeting their obligation to carry minimum liability insurance coverage on their vehicles and...
Rating Agencies Warn OneBeacon After Loss Reserve Charge
Feb 12 2015 // OneBeacon Insurance Group has been dealt a ratings outlook warning from Fitch Ratings and an outright downgrade from Moody’s Investors Service, stemming from substantial adverse reserve development in the 20914...
UK’s Flood Re Appoints Capita as Managing Agent
Feb 12 2015 // The UK’s Flood Re has announced the appointment of Capita as its Managing Agent, following what it described as a “detailed and rigorous public procurement process for a five year contract that led to a number...
Ohio Insurance Department Reveals Top Fraud, Enforcement Cases
Feb 11 2015 // Lieutenant Governor and Insurance Director Mary Taylor announced Ohio’s top fraud and enforcement cases for 2014 investigated by the Ohio Department of Insurance. During the calendar year, the department processed...
Agent-Broker Profitability Reaches Record 21% for 2014: Reagan Consulting
Feb 10 2015 // Agent-broker profitability reached 21 percent for 2014, a new record for the Reagan Consulting Organic Growth and Profitability (OGP) survey that began tracking profitability for agencies in 2008. That median profitability...
XL, RPS/Plus to Offer Professional Liability Coverage to Title, Escrow Agents
Feb 10 2015 // XL Group and RPS/Plus Cos. have expanded their underwriting partnership to bring professional liability insurance to title & escrow agents. According to Erin Fry, head of Programs for XL Group’s Select...
Cameron M. Wilson & Associates Promotes Goldberg in Michigan
Feb 10 2015 // Kalamazoo, Mich.-based Cameron M. Wilson & Associates recently promoted Amanda Goldberg to director of marketing and communication. Goldberg’s duties will include maintaining existing and cultivating new...
