Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
R-T Specialty Completes Merger with Wholesale Broker Westrope
Dec 2 2013 // Chicago-based national wholesale insurance broker R-T Specialty said it has completed its merger with another wholesale broker Westrope, based in Kansas City, Missouri. The deal was first announced Nov. 1. Terms were not...
Kittell Named Director of Agency Real Time/Download Campaign
Dec 2 2013 // The insurance industry’s Real Time/Download Campaign, which aims to improve workflows for independent agencies, has named Elizabeth Kittell as campaign director. Liz Kittell Kittell has independent agency and...
Independent Agents, Regional Carriers, Innovation and Excellence
Dec 2 2013 // Insurance organizations that are local or regional are a part of the largest segment of employers in the American economy. Why should they exist and succeed in a world where bigger is associated with better? Their success...
Become a ‘Brand Behemoth’ by Seizing the Digital Moment
Dec 2 2013 // Suppose you walked into a store to look for a new television. If the store only carried one brand, would you shop there? Of course not, but that’s just what today’s insurance behemoths want you to do when you...
E&O Insights: How to Minimize E&O When Selling Employee Benefits
Dec 2 2013 // Agencies involved in the sales and service of employee benefits know that the issue of errors and omissions (E&O) is very real — and that proper steps must be taken to minimize that exposure. Many in the employee...
Best Agencies
Dec 2 2013 // The independent agency system is strong and getting stronger. Thanks to a focus on specialization, investments in technology and staff, as well as strong growth strategies throughout the economic recession, agencies of all...
When Coverage Isn’t Enough: Managing Risk a Challenge for Insureds
Dec 2 2013 // Companies of all types and sizes are facing increased risks, but many are not putting adequate programs in place to manage those risks, according to a Zurich-sponsored study by Forbes Insights. As a result, companies are...
The Mutual Mistake Doctrine and the Purchase of Insurance
Dec 2 2013 // Every day insurance agents throughout the United States meet with potential insureds to transact the purchase of insurance. Typically, the insurance agent or broker will cover the main features of an insurance policy but...
Transforming Your Customer Experiences in a Lean Environment
Dec 2 2013 // Toyota Motor Cars, Toyota Production Systems, and Taichi Ohno have nearly perfected lean manufacturing techniques. TPS has been in constant pursuit of perfection since the concept of lean was introduced by Sakichi Toyoda...
Ohio Agent Sentenced to 2 Years’ Probation for $7,700 Theft, Insurance Fraud
Nov 27 2013 // Ohio Lieutenant Governor and Insurance Director Mary Taylor announced that former life insurance agent Russell Lowery, of Olmsted Falls, was sentenced in Cuyahoga County Common Plea Court to two years of probation for...
All Risks Launches Down Hole Tool for South Central Onshore Oil, Gas Industry
Nov 27 2013 // The South Central offices of All Risks, Ltd. have designed a “down hole specialty rental tool” insurance product for Lost In Hole (LIH). This coverage is available to oil & gas drillers and operators as...
Combined Agents of America Expands in Kansas with New Member
Nov 26 2013 // Combined Agents of America LLC (CAA) has added a new member agency, Kansas-based Fouts, Davidson, Burks Agency LLC. CAA now has 53 insurance agency members. Fouts, Davidson, Burks Agency LLC. is a family owned and operated...
U.S. Labor Dept., N.Y. Agencies Team Up to Target Misclassification of Employees
Nov 26 2013 // Officials from the U.S. Department of Labor’s Wage and Hour Division, the New York State Labor Department and the New York State Attorney General’s Office recently signed memoranda of understanding to work...
Applied Systems Acquired by Hellman & Friedman from Bain Capital for $1.8B
Nov 26 2013 // Applied Systems Inc., a leading insurance software provider, said it has agreed to be acquired by investment funds advised by private equity firm Hellman & Friedman LLC. The company is being acquired from the global...
Missteps in Employee Hiring Costly for Agencies: MarshBerry
Nov 25 2013 // For most lines of insurance business, commission income is growing and most insurance agents and brokers expect profits to be similar or better in 2013 compared to 2012. That’s according to the 28th Annual Market...
SEC Proposes Fiduciary Duty for Investment Brokers Advising Retail Clients
Nov 22 2013 // Investment brokers advising retail customers should be held to a standard that requires them to recommend products that are in the best interest of clients, according to a proposal from a group advising U.S....
Three Leavitt Group Agencies in Southern California Merge
Nov 21 2013 // The Leavitt Group announced a merger of three of their Southern California agencies. The merger will include the Covina office of Valley Insurance Service, employee benefits agency Leavitt Benefits Insurance Services of...
IIAT: Independent Agents Guide Consumers Through Affordable Care Act
Nov 21 2013 // In a Nov. 14 address on the troublesome roll out of healthcare.gov and the public outcry over the cancellation of less expensive individual insurance policies, President Obama said, “Buying health insurance is never...
FM Global in Rhode Island Appoints Manager of Broker Relations
Nov 21 2013 // Johnston, R.I.-based FM Global appointed Randall Schreitmueller as vice president, manager of broker relations, a newly created position at the company.Randall SchreitmuellerSchreitmueller is responsible for championing...
Independent Insurance Agents of Indiana Installs Officers for 2014
Nov 20 2013 // The Independent Insurance Agents of Indiana Inc. (Indiana Big “I”) has installed its slate of officers for 2014. The executive committee leadership team for the Indiana Big “I” for 2014 is:...
