Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Aon Plc Acquires India’s Global Insurance Brokers
Oct 6 2023 // Global Insurance Brokers, a major provider of risk management, insurance, and reinsurance broking services in the Indian subcontinent, announced its acquisition by Aon plc. Financial details of the deal, which is subject...
New Jersey Insurance Agent, Contractor Arrested on Workers’ Compensation Fraud Charges
Oct 6 2023 // A New Jersey insurance agent and the owner of painting company were arrested this week on allegations of insurance fraud. Morris County Prosecutor Robert J. Carroll and Morris County Chief of Detectives Robert McNally...
Dually Licensed Broker-Dealers Spell More Compliance Duties for Insurance Carriers
Oct 4 2023 // This post is part of a series sponsored by AgentSync. Insurance carriers often have their hands full trying to verify and make sure that all of their in-house and external distribution partners are in compliance with every...
Independent Agents Are Shopping Premiums Despite Record High Carrier Satisfaction
Oct 3 2023 // Independent insurance agents report unprecedented satisfaction with their carrier partners, but that doesn’t mean they aren’t keeping their options open due to the rising cost of premiums. According to the J.D....
Progressive Drops Some Agents, Non-Renews 100,000 HO and DP Policies in Florida
Oct 3 2023 // Almost two years after Progressive Insurance announced it would stop renewing some homeowners policies in Florida, Flo and crew have dropped another 100,000 HO and landlord policies in the state. The insurance giant and...
10 Basic Tenets for Successful Family Owned Agencies
Oct 2 2023 // The presence of family run businesses continues to play a major role in the U.S. economy. From rural mom and popyshops to international conglomerates, family businesses are at the foundation of our economy. Ford Motor...
2023 Best Independent Insurance Agencies to Work For
Oct 2 2023 // The votes are in for the 2023 Best Independent Insurance Agency to Work For survey by Insurance Journal. OVERALL Mackoul Risk Insurance Solutions, Morristown, New Jersey; Long Beach, New York EAST Gold: National Church...
Agents, Insureds Said Surprised by Nationwide’s 10,000 Nonrenewals in NC
Sep 29 2023 // In February, Nationwide Mutual Insurance filed notice with the North Carolina Department of Insurance that it would non-renew some 10,525 homeowner policies in the state due in large part to the growing risk from climate...
Illinois Appellate Court Rules Freight Broker Not Liable for $18M Jury Award in Teen’s Brain Injury Case
Sep 28 2023 // A freight broker is not liable for an $18 million jury award to the mother of a teenage boy who suffered a brain injury when he was struck by a truck, an Illinois appellate court ruled Wednesday. A panel of the 1st...
Re/insurance Broker UIB Expands in South America With Launch of 2 Firms in Peru
Sep 28 2023 // United Insurance Brokers (UIB), the London-based international re/insurance broker, has announced an agreement to create two new companies in Peru, expanding the UIB Group footprint in South America. UIB has taken an...
Independent Insurance Agents of Wisconsin to Celebrate 125 Years at InsurCon2024
Sep 27 2023 // The Independent Insurance Agents of Wisconsin (IIAW) announced they will celebrate 125 years in the insurance industry in 2024. To celebrate this significant milestone, the IIAW is opening registration for its grand...
Ship Insurance Facility Set Up for Ukraine Grain Exports, Broker Miller Says
Sep 27 2023 // A new marine insurance facility for Ukrainian grain exports using the country’s sea corridor has been set up in conjunction with Ukraine’s authorities, insurance broker Miller said on Tuesday. Russia quit a...
Insurance Broker in Menendez Corruption Case Allegedly Got Senator’s Help With Fraud Case
Sep 27 2023 // The defendants in the corruption case involving U.S. Senator Robert Menendez include a former New Jersey insurance broker who was convicted of premium fraud in 2011 and lost his insurance license. Jose Uribe allegedly got...
VIAA Adds Two Missouri Agencies to Commercial Marketing Pod Program
Sep 25 2023 // Valley Insurance Agency Alliance (VIAA), a cohesive family of more than 160 independent insurance agencies in Missouri and Illinois, recently welcomed two alliance agencies to its members-only Commercial Marketing pod...
Former Minnesota Insurance Broker Charged with Fraud, Allegedly Earned $650,000 in Improper Commissions
Sep 22 2023 // A former Minnesota insurance broker has been charged with fraud for allegedly inventing customers and fake Social Security numbers to earn nearly $650,000 in improper commissions. Kevin Anthony Meyers, 48, allegedly...
Next Insurance Offering Allows Agents to Customize Small Business Quotes
Sep 22 2023 // Digital small business insurer Next Insurance announced a new offering it says will enable agents to fully customize coverage quotes to better meet the needs of their small business clients. Next’s Coverage Builder...
US Federal Agencies Aim to Streamline ‘Hodgepodge’ of Cyber Reporting Rules
Sep 20 2023 // The Department of Homeland Security wants Congress and other federal agencies to help it streamline 52 different cyber reporting requirements to protect critical infrastructure and ease regulatory burdens on hacking...
5 Top Mistakes Every Independent Agent Should Avoid
Sep 18 2023 // One of my favorite sayings is “failure is tuition for something else.” I adopted this phrase during a conversation with another senior leader one day on the consequences of some mistakes we’d made...
Montana Brokerage Owner Admits to Defrauding Customers
Sep 18 2023 // Kileen Moria Hagadone, 57, owner of Rosebud County Insurance Inc., pleaded guilty to wire fraud and to aggravated identity theft. Hagadone faces a maximum of 20 years in prison, $250,000 fine and three years of supervised...
Agents, Regulators Remind Insurers to Take Care of Insureds as Idalia Claims Start Coming in
Sep 18 2023 // The property insurance industry breathed a sigh of relief after Hurricane Idalia landed in a less-populated part of the coast, triggering just a few billion dollars in losses. But regulators have urged insurers to make...
