Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
The Motorists Insurance Group Restructures Business Model, Management Team
Jan 17 2014 // Motorists Insurance Group President and CEO David L. Kaufman announced a new functional structure for the Columbus, Ohio-based group’s 10 property/casualty insurance, life insurance and insurance brokerage...
Oklahoma Insurance Agent Accused of Defrauding Elderly Couple
Jan 17 2014 // Tulsa insurance agent Presley Keith Dennis has been arrested and accused of defrauding a Muskogee couple out of nearly $300,000, the Oklahoma Insurance Department reported. The arrest follows an investigation by the...
The Importance Of Sales Meetings
Jan 15 2014 // Your Sales iQ Nothing, not one thing happens in this economy until a sale is made. No raw materials are ordered, not one engine starts, and no services are performed until an order has been placed. Strong sales are the...
Combined Agents of America Adds Wade to Leadership Team
Jan 15 2014 // Combined Agents of America LLC (CAA), with headquarters in Austin, Texas, announced that William H. (Bill) Wade II has joined its team as director of carrier relations and program management. Wade has more than 40 years of...
Dalton Joins Southwest Risk as Casualty Broker
Jan 15 2014 // ClearView Risk Holdings LLC, the Dallas-based holding company of Southwest Risk LP, announced that Jason Dalton has joined Southwest Risk as a casualty broker with an emphasis on the transportation segment. Dalton has more...
Congressional Spending Plan Would Curb Some Flood Insurance Hikes
Jan 15 2014 // The $1.1 trillion government funding agreement unveiled by Congressional negotiators on Monday includes language to postpone for about eight months some of the flood insurance rate hikes triggered by reforms passed in...
Cross Insurance Acquires Assets of Maine, Connecticut Brokers
Jan 14 2014 // Bangor, Maine-based Cross Insurance has acquired the assets of two insurance brokers – Willis of Northern New England Inc., and The Insurance Exchange Inc. of Stamford, Connecticut. Formerly known as the Dunlap Agency,...
Bloss & Dillard Acquires Agents Insurance Markets in Virginia
Jan 13 2014 // Huntington, West Virginia-based managing general agent Bloss & Dillard Inc. announced it has acquired and now operates Agents Insurance Markets Inc., a managing general agent in Richmond, Virginia. The new acquisition...
Hull & Company Names Dumag as Underwriter, Broker in California
Jan 13 2014 // Jennifer Dumag has joined Hull & Company Inc. in its Stockton, Calif. office as a commercial lines underwriter and broker. Dumag will be responsible for marketing, underwriting and placement of excess and surplus and...
AIG Rebranding, Expanding Retirement Services As Others Retreat
Jan 13 2014 // American International Group Inc. plans to add 600 advisers and expand their offerings to boost sales as rivals retreat from some retirement products. The insurer will increase the number of career agents at its newly...
The Best Quotes of 2013
Jan 13 2014 // A new year is a chance to look back and review the past. Here’s a view at some of the best quotes found on InsuranceJournal.com in 2013. What was your favorite quote of the year? “If you like your health care...
The Profit Compression
Jan 13 2014 // The bad news is independent agency profits are and will continue to be compressed. The good news is that for independent agencies willing to abandon the traditional model, great opportunity exists. Profits will stay...
Allstate Insurance to Expand in Midwest with New Agencies
Jan 9 2014 // Allstate Insurance Co. has announced plans to appoint new agency owners in Indiana, Michigan and Ohio this year. The company plans to appoint 21 new insurance agency owners in Indiana. Additionally, Allstate’s new...
Insurance M&A Trends That May Lead to ‘Perfect Storm’ in 2014
Jan 9 2014 // Encouraged by a vigorous period of insurance M&A activity in the second half of 2012, many in the industry had high expectations of robustness in 2013. It’s clear now that 2013 M&A activity did not reach the...
Willis to Acquire Specialist Broker Charles Monat Limited
Jan 9 2014 // Willis Group Holdings announced that it has agreed to acquire Charles Monat Limited, a life insurance solutions adviser to high net worth clients. Willis said: “Charles Monat Limited has placed over US$13 billion in...
Senate Bill Seeks More Disclosure of Government Settlements with Firms
Jan 8 2014 // Two U.S. lawmakers on Wednesday unveiled a new bill that would force enforcement agencies to provide more details about deals to resolve corporate misconduct by U.S. companies. Senators Elizabeth Warren, the Massachusetts...
Insurance Broker and Former Toms River, N.J., Mayor Get Prison Sentence
Jan 7 2014 // A New Jersey insurance broker and the former mayor of Toms River, N.J., were each sentenced Monday for separate schemes involving officials of Toms River and the former insurance broker for the Toms River regional school...
Michigan Suspends License of Lapeer-Area Insurance Agent
Jan 7 2014 // The Michigan Department of Insurance and Financial Services (DIFS) has suspended the license of James J. Carnaghi, previously licensed to sell property and casualty, accident and health, and life insurance in the...
Big ‘I’ Independent Agents’ InsurPAC Topped $1M in 2013
Jan 7 2014 // The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) said its political action committee, InsurPac, raised a total of $1,007,668 during the 2013 calendar year. “Surpassing the...
Insureon to Acquire Insurance Noodle Wholesale Site from Willis
Jan 7 2014 // Insureon, an online insurance delivery platform for small business owners, said it has agreed to acquire Insurance Noodle, an online wholesale insurance broker, from Willis Group Holdings. The transaction is expected to...
