Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Microsoft Says Chinese Hackers Used Code Flaw to Steal Emails From US Agencies
Jul 17 2023 // Microsoft said on Friday that Chinese hackers misappropriated one of its digital keys and used a flaw in the company’s code to steal emails from U.S. government agencies and other clients. The company said in a blog...
Former California Agent Sentenced for Stealing From Consumers
Jul 17 2023 // Christopher Ramos, 45, of Santa Rosa, California, was sentenced to four years in prison after an investigation by the California Department of Insurance reportedly found he stole more than $189,000 from consumers and left...
The Bank Soundness Question: What It Means for Agents
Jul 17 2023 // Many independent agents have watched with concern as a small number of high-profile banks have faltered during 2023. Just what does this shock to the banking system mean to independent agents and brokers throughout the...
Verlingue Acquires Majority Stake in Italian Broker INSER, Advancing European Strategy
Jul 12 2023 // Verlingue has acquired a majority stake in the insurance broker INSER, in line with its Verlingue 2024 strategic plan to create a major European, family-owned, independent insurance broker. Financial details of the deal...
Agent’s Failure to Disclose Dog Comes Back to Bite Homeowner
Jul 12 2023 // A Connecticut homeowner who is being sued by a woman who alleges his dog bit her in the face is not entitled to insurance coverage because his home insurance application, which was completed by his insurance agent,...
World Insurance Buys Schlegel & Schlegel Brokers on Cape Cod
Jul 7 2023 // Insurance broker World Insurance Associates announced that it acquired the business of Schlegel & Schlegel Insurance Brokers Inc. of West Yarmouth, Massachusetts on July 1, 2023. Schlegel & Schlegel has been...
California Insurance Broker Arraigned for Allegedly Stealing from Small Businesses
Jul 7 2023 // Brian Keith Arteaga, 39, of Placentia, California, was arraigned this week on multiple felony counts of grand theft by embezzlement, theft of fiduciary funds, insurance fraud, and money laundering after a California...
Big I Releases Video Statement From Chairman Costello on Rusbuldt
Jul 5 2023 // The Independent Insurance Agents and Brokers of America (The Big I) on Wednesday released a video statement from Chairman John Costello related to the organization’s move to relinquishing retiring chief executive Bob...
BMS Group Acquires Australia’s Bluebook Insurance Brokers
Jul 5 2023 // BMS Group, the London-based independent specialist re/insurance broker, has entered into an agreement to acquire Brisbane-based specialty broker Bluebook Insurance Brokers. The deal is the sixth Australian acquisition by...
‘Synthetic’ Agents? Lemonade Says Finance Deal Limits Cash Burn
Jul 5 2023 // Late last week, Lemonade announced a financial agreement to borrow 80% of the costs it incurs to acquire insurance customers from a venture firm. The insurtech carrier revealed the deal in a media statement and several...
Florida Agents Optimistic About the Market – and They Don’t Fear the A.I. Reaper
Jul 3 2023 // Just as some California insurance agents are expressing grave concerns about the future of that state’s insurance market, a number of Florida agents feel like they’ve turned something of a corner. “Things...
Texas Insurance Agent and Former Elgin Mayor Pleads Guilty to Felony Theft Charge
Jun 30 2023 // A Texas insurance who previously served as mayor of Elgin pleaded guilty June 20 to theft of property, a third-degree felony. Christopher Cannon, 38, acquired payments from the company Baker’s Backhoe Services...
Definity’s McDougall Insurance Brokers to Acquire Canada’s Drayden Insurance
Jun 30 2023 // McDougall Insurance Brokers Ltd., the Belleville, Ontario-based subsidiary of Definity Financial Corp., announced it has entered into a definitive agreement to acquire 100% of Drayden Insurance Ltd. for C$208 million...
Talk With Fox’s Jesse Watters Leads to Big I CEO Rusbuldt’s ‘Disappointing’ Early Exit
Jun 29 2023 // Bob Rusbuldt — set to retire in about two months as chief executive of the Independent Insurance Agents and Brokers of America (The Big I) — was relinquished of his duties after an interview he conducted with Fox News...
Georgia Agents Name Washowich President
Jun 28 2023 // The Independent Insurance Agents of Georgia this month installed Woodstock agent Wendi Washowich as president. Washowich Washowich is a client executive at Hamby and Aloisio Risk Management and Insurance in Atlanta and has...
Howden Acquires 2 Swiss Brokers
Jun 21 2023 // Howden, the London-based insurance broker, announced it has expanded its offering in Switzerland with the acquisition of insurance brokers argenius Risk Experts AG (argenius) and RVA Versicherungsbroker AG (RVA). Born...
Takeaways from Our Conversation on Carrier-Broker Relations
Jun 20 2023 // Powered by InsuranceJournal.tv Insurance professionals specializing in cannabis across the nation in the last few years have gone from few and far in between to too many to count as cannabis evolves into a mature industry...
Insurance Broker Acrisure Interviews Banks for 2024 IPO
Jun 19 2023 // Acrisure LLC, a large, closely-held insurance broker, is interviewing banks to go public next year, people with knowledge of the matter said, in a sign that equity markets may be opening up to new listings from strong...
Florida Agents Optimistic About Market – and Don’t Fear the A.I. Reaper
Jun 19 2023 // ORLANDO – Just as some California insurance agents are expressing grave concerns about the future of that state’s insurance market, a number of Florida agents feel like they’ve turned something of a...
Brokers Must Get Creative As Construction Market Grows Amid Project Delays, Labor Shortage, Higher Costs
Jun 19 2023 // The U.S. construction sector continues to see strong growth in various sectors and geographies but higher interest rates, higher building costs, and a decades-long shortage of skilled labor are contributing to a...
