Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
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...
Swett & Crawford Adds Broker to Casualty Practice Group in Boston
Jan 6 2014 // Swett & Crawford, part of Cooper Gay Swett & Crawford (CGSC), a global wholesale and reinsurance broking group, appointed Ed Frackiewicz as broker for the casualty practice group in Boston. Frackiewicz began his...
Wisconsin Agencies, AVID Risk Solutions and Kellenberger-Landsee, Merge
Jan 5 2014 // Independent insurance agencies AVID Risk Solutions of Madison, Wis., and Kellenberger-Landsee & Associates LLC of Brookfield, Wis., have merged effective Jan. 1, 2014. The two property/casualty agencies will remain in...
USG Insurance Services Hires Swellie as Producer/Broker in Pennsylvania
Dec 31 2013 // USG Insurance Services Inc., a Tampa, Fla.-based national wholesaler and managing general agent, appointed Margi Swellie as producer/broker for the national brokerage team based in Canonsburg, Penn. Swellie most recently...
USG Insurance Services Appoints Nehls as Producer/Broker in Florida
Dec 31 2013 // Katie Nehls USG Insurance Services Inc., a Tampa, Fla.-based national wholesaler and managing general agent, appointed Katie Nehls as producer/broker. She is based in Tampa. Nehls most recently held the position of...
Check-Up Service Helps Insurance Industry Navigate Licensing Maze
Dec 24 2013 // Some insurance professionals and agencies have been known to fall behind on the paperwork required for licensing and, in some cases, not even know what licenses they have in effect at any given time. It’s...
Former California Broker Charged With Identity Theft And Forgery
Dec 19 2013 // Former insurance agent Eugene Shy-Ren Hsu, 31, of West Covina, Calif., was arrested by Department of Insurance officers and charged with multiple felony counts. The charges include grand theft, forgery, and identity theft...
The PIA Partnership Launches Growth Tool For Agency Members
Dec 19 2013 // The National Association of Professional Insurance Agents (PIA) and its agency-company council, The PIA Partnership, have designed a new tool to help independent insurance agenciesgrow and increase profits. “Closing...
Agents Say Getting More Carriers to Offer ‘Real Time’ Is Among Top Tech Priorities
Dec 19 2013 // The industry should place its highest priority on “getting additional carriers to offer real-time capabilities,” according to a survey of insurance agency and brokerage professionals in the United States and...
The Agency Manager-Employee Operations Gap and E&O Risk: Survey
Dec 19 2013 // Agency managers tend to have a rosier view of agency operations than their employees do, according to a survey that also suggests this gap could present errors and omissions (E&O) implications. The survey reveals that...
Former N.J. Broker Sentenced for Misappropriating $660K in Premiums
Dec 16 2013 // A former New Jersey insurance broker who misappropriated more than $660,000 in premiums owed to insurers has been sentenced to five years in state prison. Brian Mohen and his wife, Lisa Stanko-Mohen, were also ordered last...
Ex-Insurance Agent Participated in West Virginia Arson Scheme
Dec 16 2013 // A former West Virginia insurance agent has admitted to his role in an arson scheme in Logan, according to a federal prosecutor. U.S. Attorney Booth Goodwin said 44-year-old William Janey Thompson pleaded guilty to wire...
People
Dec 16 2013 // Glenn Renwick The Progressive Corp., based in Mayfield Village, Ohio, named Chief Executive Officer Glenn Renwick as chairman of its board of directors following the death of the company’s previous chairman, Peter B....
How Insurance Industry Associations Help Those in Need
Dec 16 2013 // Big “I” member agents, along with former Washington Redskins quarterback Joe Theismann, at a Make-A-Wish event on April 21, 2013, at Pfitzner Stadium in Woodbridge, Va., to benefit local children. Big...
U.S. Insurance Broker Sector Outlook Positive for 2014: Fitch
Dec 16 2013 // Revenue and earnings growth for U.S. insurance brokers in 2014 is expected to improve modestly over 2013, according to a report by Fitch Ratings. Fitch, which issued a stable rating outlook and positive sector outlook for...
