Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
IA&B Service Group Announces New Officers in Del., Md., Penn.
Nov 11 2013 // The fall marks a new administrative year for Insurance Agents & Brokers Service Group and its partnership of agents’ associations in Delaware, Maryland and Pennsylvania. The following directors have been...
Dallas-Based Capstone Underwriters Announces Management Changes
Nov 8 2013 // Capstone Underwriters LLC announced that Roger F. Bogan has joined the group in Dallas as executive vice-president, brokerage. Bogan will head a new brokerage department specializing in oil and gas, hard-to-place casualty...
K&B Underwriters Hires Senior Living Programs Director in Virginia
Nov 7 2013 // K&B Underwriters, a program administrator and wholesale brokerage serving agents and brokers for senior living facilities, hired Paul Marshall as director of senior living programs. Marshall has 23 years of experience...
Nationwide Insurance Recruiting New Agents in Texas
Nov 7 2013 // Columbus, Ohio-based Nationwide Insurance announced that the company is looking to add 100 new Advantage Program insurance agents in the Dallas, Fort Worth, Austin and San Antonio, Texas markets. Nationwide Insurance...
MMC’s Marsh Insurance Brokerage Unit Q3 Revenue Rises 4% to $1.24B
Nov 6 2013 // Marsh & McLennan Cos. (MMC) reported today its 2013 third quarter net income of $253 million, a 4.98 percent increase from $241 million income reported during the same period a year ago. MMC’s consolidated...
Allied Insurance Brokers Hires SVP for Ascinsure Specialty Risk Unit in Penn.
Nov 6 2013 // Ascinsure Specialty Risk recently hired Curtis Kochman as senior vice president. Within this role, Kochman will spearhead Ascinsure’s business development goals and overall operations within its Specialty Wholesale...
California Insurance Broker Sentenced For Scamming Tom Hanks
Nov 6 2013 // A Southern California insurance broker who overcharged Tom Hanks and his wife, Rita Wilson, hundreds of thousands of dollars has been sentenced to more than two years in federal prison. City News Service says Jerry Goldman...
AIG Using Science to Define ‘Broker Quality Index,’ Not Following Market: Benmosche
Nov 6 2013 // Property/casualty insurance brokers who aren’t diligent about the accounts they’re presenting to American International Group risk being discovered through one of the features of the carrier’s analytical...
Insurers Keeping Property-Catastrophe Insurance Price Relatively Flat: NAPCO
Nov 5 2013 // With more than $600 billion in policyholders’ surplus, the insurance industry is very well capitalized in spite of a large loss from Hurricane Sandy last year. But even so, insurers have been keeping the price of...
USG Insurance Services Adds Lee as Producer/Broker in Louisiana
Nov 5 2013 // USG Insurance Services Inc., a national wholesaler and managing general agent, announced the expansion of its Louisiana operations with the return of Gina Lee as a producer/broker based in Mandeville, La.. Lee most...
Integro Canada Acquires Specialty Film Broker Multimedia Risk
Nov 5 2013 // Integro (Canada) Ltd. announced its acquisition of Winnipeg-based Multimedia Risk Inc., an insurance brokerage, which specializes in serving the national and international film and television production industry from...
Confie Head on McKinsey: M&As Indy Agents’ Salvation
Nov 4 2013 // It may not be quite as dire as a “merge or die” mindset, but the message from the head of Confie Seguros is that independent agents should take a hard look at the McKinsey report that claims local independent...
Bates Receives Indiana Insurance Agents’ Industry/Public Image Award
Nov 4 2013 // Mark Bates, from Pinnacle Insurance Group of Indiana in Crown Point, Ind., is the recipient of the Independent Insurance Agents of Indiana’s 2013 Harry P. Cooper, Jr. Industry/Public Image Award. This award is...
NSM Insurance Group Acquires California Broker ELM
Nov 4 2013 // NSM Insurance Group has acquired Executive Liability Managers Insurance Brokers in California. ELM is a 25-year-old professional liability wholesale insurance brokerage with three offices in California. The acquisition...
Miller: Florida Insurers Assume Liability in Agent Appointments, Licensing Verification
Nov 4 2013 // The agent appointment process is not as simple as some think. Insurers that are not careful could find they are in legal trouble. As in so many other areas of insurer operations, due diligence is required in the handling...
Mass. DOI Says Producers May Charge Fees
Nov 4 2013 // Massachusetts regulators last month issued a bulletin announcing that producers for all lines of insurance may charge their clients fees in connection with the sale of insurance products. A statewide independent agent...
Eyeing Affluent Market, Nationwide’s Crestbrook Launches in Illinois
Nov 4 2013 // Well-to-do Illinois residents and their insurance agents now have an additional option when it comes to protecting their assets. Crestbrook Insurance has selected Illinois for the launch of what is essentially a start-up...
Third Quarter Activity Picks Up Pace
Nov 4 2013 // After a sluggish start to the year, merger and acquisition (M&A) activity gained some momentum in the third quarter. With 55 transactions announced from July to September, the third quarter comprised 42 percent of the...
E&O Dangers for Agents
Nov 4 2013 // Specializing is one way to get ahead in today’s insurance world. But becoming an expert comes with its own share of risks. Phrases such as “expert” or “specialist” have the potential to raise...
E&O Insights: What Could Go Wrong When Insuring Habitational?
Nov 4 2013 // Insuring habitational risks has generated more than its fair share of errors and omissions (E&O) claims. While there are a host of issues, consider these specific ones: valuation, ordinance or law coverage and...
