Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Changing Realities of the Wholesale Market
Sep 23 2013 // Throughout our history, the American Association of Managing General Agents (AAMGA) has retained its mission and identity while adapting to changes in the insurance industry. We began in 1926 as the Association of Fire...
10 Ways to Help Producers to Promote Their Own Identity
Sep 23 2013 // Non-owner P/C producers help drive the independent agency system. They account for a significant share of the commercial lines business written through this channel. Yet too often, these employees must find their own path...
E&O Insights: Mother Nature’s Effect on E&O Claims
Sep 23 2013 // It seems that practically every time you turn on the news, a part of the United States is being threatened by a significant weather-related event. It’s sometimes anyone’s guess when and where the next...
Agent Ted Gaines Eyes California Commissioner Seat
Sep 23 2013 // Editor’s note: This is part of a series on insurance professionals in politics. This is a national series. Some of the articles focused on the Western U.S. region can be read in the pages of this issue of Insurance...
Insurance Good Training Ground for Political Leadership
Sep 23 2013 // When it comes to current or former occupations of state and federal lawmakers, that of insurance producer is not one of the most commonly listed, but perhaps it should be. The variety of skills one necessarily develops...
Houston Insurance Agent Sentenced to 10 Years in Prison
Sep 23 2013 // An insurance agent from Houston has been sentenced to 10 years in prison for pocketing more than $250,000 in customer premiums, the Texas Department of Insurance reported. TDI said McKinley Shumate, 59, of Houston was...
Georgia’s Kingston Brought His CPCU to House, Now Eyes Senate
Sep 23 2013 // Jack Kingston is U.S. Representative for the First Congressional District of Georgia, which encompasses 17 counties in Southeast Georgia including the entirety of the state’s coastline. He has represented the...
JLT to Acquire Towers Watson Reinsurance Brokerage Unit, Expand Into U.S.
Sep 20 2013 // UK-based broker Jardine Lloyd Thompson Group plc (JLT) said it is acquiring the reinsurance brokerage business of New York-based Towers Watson for $250 million. JLT said the acquisition would provide “a very strong...
Opinion: Insurance Industry Changes to Follow Wicked Colorado Weather
Sep 20 2013 // As the sun peaked out of the normally bright blue Colorado sky, homeowners and businesses began to assess the damage done by the 100-year flood, as weather experts have labeled the devastating rain that pummeled the...
Travelers Launching Low Cost, Segmented Product in New Personal Auto Strategy
Sep 20 2013 // The Travelers Companies Inc. is adopting a new strategy to become more price-competitive in personal auto insurance. Travelers’ CEO Jay Fishman explained his company’s personal auto strategy at the Barclays...
Brokers Urge Renewal of ‘Essential’ Federal Terrorism Insurance
Sep 19 2013 // The federal Terrorism Risk Insurance Act (TRIA) is a “model” for public-private cooperation and should be renewed, insurance broker Marsh told lawmakers on Capitol Hill. Peter J. Beshar, executive vice...
Ascension Acquires North Carolina Transportation Broker Transure
Sep 19 2013 // Ascension Insurance Inc. has acquired transportation and trucking specialist Transure Services Inc., located in Whitsett, North Carolina. Transure’s brokerage platform is augmented by an in-house wholesale operation,...
Vermont’s Independent Agents Have Over $120M Annual Impact on State Economy
Sep 18 2013 // The results from a study commissioned by the Vermont Insurance Agents Association (VIAA) show that Vermont’s economy is positively impacted by the state’s independent insurance agencies. “These phenomenal...
All Risks Ltd. Opens an Office in New Orleans Area
Sep 18 2013 // Independent insurance wholesaler, All Risks Ltd., announced the opening of an office in Metairie, La. This is the twenty-second office for All Risks. With three insurance professionals with extensive and diverse...
Violent, Property Crimes Decreased in 2012: FBI
Sep 16 2013 // The FBI estimates that in 2012, the number of violent crimes increased 0.7 percent while property crimes decreased 0.9 percent, the tenth straight year of declines for these offenses, collectively. The 2012 statistics show...
The Fight for Policy Ownership
Sep 16 2013 // There are times when what agents don’t know can hurt them. And this is one of them. I refer to the all-too-often overlooked, and recently targeted, ownership of policy “expirations” — policy,...
MNsure Employee’s Email Breaches Security
Sep 16 2013 // Two reviews are planned of MNsure, the state’s new online health insurance exchange, after an employee accidentally distributed confidential information about more than 2,400 insurance agents. A legislative panel and...
U.S. Risk Names Reed Senior Broker in Dallas
Sep 16 2013 // Managing general agency and surplus lines wholesaler, U.S. Risk Insurance Group Inc., has named Jennie Reed senior broker of the Dallas office of U.S. Risk Brokers. Reed brings with her more than 14 years of experience in...
2013 BrokersLink Conference to Focus on Partnerships, Technology
Sep 16 2013 // BrokersLink, one of the world’s largest independent insurance broker networks, whose members manage premium volumes in excess of $14 billion, announced that its fifth annual global conference will be held in...
How Agents, Brokers Can Help Themselves, Clients with Healthcare Reform
Sep 13 2013 // The Affordable Care Act (ACA) has accelerated change and confusion in the health insurance marketplace and businesses and individuals are counting on their insurance agents and brokers to help them understand the...
