Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Lockton, Burns & Wilcox Brokerage Offer Income Protection without Physical Loss
Nov 2 2014 // Lockton Cos. and wholesale broker Burns & Wilcox Brokerage have joined the Ebola-sensitive insurance protection movement with a product that protects companies from income losses and increased costs incurred without...
China Insurers Face Shadow Banking Default Risk: Ratings Agencies
Oct 29 2014 // A doubling in the trust holdings of China’s insurers has prompted ratings companies to warn the industry may be taking on too much shadow banking default-risk. Insurers held 281 billion yuan ($46 billion) of trust...
Assurant to Buy French Mobile Device Insurance Broker CWI
Oct 28 2014 // Consumer electronic and household device insurer Assurant Inc. has made a binding offer to acquire CWI Group, a mobile insurance brokerage in France, for approximately €56 million ($71 million). The acquisition by...
ITC Joins IIABA’s Agents Council for Technology
Oct 27 2014 // Carrollton, Texas-based Insurance Technologies Corporation (ITC) is the newest company partner of the Independent Insurance Agents & Brokers of America’s Agents Council for Technology (ACT), the agents’...
Contractors Need to Be Involved in the Claims Process, BELFOR CEO Says
Oct 27 2014 // Customer service in property claims suffers when the contractor is left out of the settlement process and policy renewals may be in jeopardy because of it. That’s the word from the top executive of one of the...
8 CAA Members Elected to Board of Kansas Agents Group
Oct 23 2014 // Combined Agents of America LLC (CAA) announced that eight of its members and agents were elected to the 2015 Kansas Association of Insurance Agents (KAIA) board of directors. Four will serve on the association’s...
Florida Gov. Scott Seeks Insurance Agents’ Help to Get Out Vote
Oct 23 2014 // Florida Governor Rick Scott is urging insurance agents to do their part to get out the vote as the state’s gubernatorial campaign enters its final weeks. Former Republican Governor Charlie Crist is running as a...
All-Star Insurance Adds 2 Agents Gilmer, Texas
Oct 22 2014 // All-Star Insurance Group Inc., a full service independent insurance agency based in Gilmer, Texas, has added Joye Cooper and Jeniffer Kitchell as agents. Joye Cooper Cooper will maintain an office at All-Star Insurance...
Southern California Agent That Sold Bogus Policies Sentenced
Oct 21 2014 // Dean Joseph Basler, 58, of Ventura, Calif. pleaded guilty to two felony counts of embezzlement associated with more than $250,000 in premiums that Basler received for homeowners insurance policies. According to the...
Erie Insurance Group Enters Kentucky Market
Oct 21 2014 // Erie Insurance Group has begun to offer its products in the Kentucky market. The Erie, Pennsylvania-based insurer said its entry into Kentucky marks its first geographic expansion in more than 10 years. Erie Insurance said...
Brokers Willis Group, Miller Talk Merger of Wholesale Brands
Oct 20 2014 // Willis Group Holdings and Miller Insurance Services LLP are engaged in talks to merge their wholesale insurance businesses. The resulting wholesale brokerage firm would trade under the Miller brand, governed and regulated...
Big Data: It Isn’t Just for Carriers
Oct 20 2014 // This is the era of big data and while it’s no surprise that insurance carriers are big players, the fact is that agents and brokers of all sizes also have a growing stake in big data. While the insurance industry has...
How Brokers Use Big Data
Oct 20 2014 // ‘Data enables us to be customer-centric, enhancing the customer experience by personalizing every touch point specific to that customer. We are able to discern behavior patterns, build behavioral models based on...
Southern California Agent Arrested for Scamming Insurers for $1.4M
Oct 20 2014 // Eric Lee, 64, of Orange County, Calif., was arrested in late September by the California Department of Insurance and charged with 20 felony counts, including grand theft and allegedly providing false or misleading...
Large Agencies More Optimistic About Future Growth: Vertafore Study
Oct 17 2014 // Optimism over the future growth potential of independent agencies ties closely to the size of the independent agency, with larger agencies feeling more optimistic about future growth than their smaller counterparts,...
11 CAA Agencies Selected for ‘Best Practices’
Oct 16 2014 // Austin, Texas-based Combined Agents of America LLC (CAA) announced 11 of its agencies have been recognized as 2014 “Best Practices” agencies by the Independent Insurance Agents & Brokers of America (IIABA...
Atlantic Specialty Lines Hires 32-year Insurance Industry Veteran, Suzy Popplewell-Baird
Oct 16 2014 // Houston, TX, October 16, 2014– Atlantic Specialty Lines (ASL), a wholesale broker and specialty lines MGA offering a variety of property, casualty, auto, professional, and personal lines coverages, is announcing a...
Experts: Insurance Distribution Future Online and Personalized
Oct 14 2014 // The future of insurance distribution was discussed at the CPCU Society’s annual All Industry Day in California on Tuesday. The day-long conference at the Sportsmen’s Lodge in Studio City included panels on the...
White Mountains Buys Majority Stake in Internet Insurance Broker Tranzact
Oct 14 2014 // White Mountains Insurance Group Ltd. purchased a majority stake in Tranzact for $178 million as the insurer renews its bet on policy sales through the Internet. White Mountains acquired 63 percent of Tranzact, which...
Abacus Brokers, Golden Bear Launch Online Earthquake Program
Oct 9 2014 // Abacus Insurance Brokers Inc., a Los Angeles-based program manager that distributes specialty insurance products online, has partnered with Golden Bear Insurance Co. for its new online residential earthquake program. The...