Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Insurance Prices ‘More of Same’ in 4th Quarter, Say Commercial Brokers
Feb 5 2013 // Insurance brokers across the country reported price increases in the commercial lines market in the fourth quarter of 2012. According to The Council of Insurance Agents & Brokers’ quarterly Commercial P/C Market...
Maritime Program Group Appoints Senior Broker in Florida
Feb 4 2013 // Maritime Program Group recently appointed Shari Trefil as a senior broker based in Stuart, Florida. Trefil brings with her 23 years of experience in the insurance industry, most of it in management of retail and wholesale...
Northern United Agents Alliance Adds New Member Agency in Vermont
Feb 4 2013 // The Northern United Agents Alliance (NUAA), an independent agency partnership based in New Hampshire, announced the addition of the Winooski Insurance Agency, based in Winooski, Vermont, as its newest member. Winooski...
Syndicates Increasingly Using Lloyd’s China Platform
Feb 4 2013 // “A growing number of syndicates are using Lloyd’s platform by placing their own underwriters in China,” says an article on the Lloyd’s website. “This, along with a license granted in 2012 to...
JLT Malaysia Acquires Insfield Insurance Brokers Sdn Bhd
Feb 1 2013 // Jardine Lloyd Thompson (JLT) Malaysia announced that it has acquired Insfield Insurance Brokers Sdn Bhd, one of the country’s major insurance brokers. The terms of the deal were not announced. “Over the years,...
North Carolina Cites $26M in Consumer Recoveries in 2012
Jan 31 2013 // North Carolina’s Insurance Commissioner Wayne Goodwin announced that the state’s insurance department saved or recovered more than $26 million for North Carolinians in 2012. “The Department of Insurance...
How Agents Survived a Falling Housing Market
Jan 31 2013 // It has not been easy being an insurance agent specializing in the homebuilders insurance market during one of the worst economic recessions in U.S. history. Survival in the recession meant change and a lot of hard...
Last Chance to Participate: Find Out Who’s Worth What in Today’s Agency System
Jan 30 2013 // This is the last chance to participate in Insurance Journal nationwide search to find out who’s worth what in the independent agency system. Agents, brokers and agency staff: Don’t miss out on your chance to...
Benefit Solutions Group Joins Heffernan Insurance Brokers in St. Louis
Jan 30 2013 // Heffernan Insurance Brokers is expanding in St. Louis, Mo., with the addition of Benefits Solutions Group, also of St. Louis. The Benefit Solutions Group will relocate to Heffernan’s offices in 2013 to work as a...
Combined Agents of America Adds 5 New Kansas-Based Members
Jan 30 2013 // Combined Agents of America LLC (CAA) has expanded further into Kansas with the addition of five new agency members: Fuqua Ruth Typer Insurance; SBS Insurance Agency; Keller-Leopold Insurance Inc.; Wood-Dulohery Insurance;...
AXA Assistance Extends Classic Car Service Deal with Broker Footman James
Jan 28 2013 // AXA Assistance UK, a leading motor and property assistance provider (part of the global AXA Group) announced that it has extended its long-term partnership with specialist classic vehicle insurance broker Footman James to...
Gun Sales Surge Leaves Texas Law Agencies Short
Jan 28 2013 // Police chiefs in Central Texas say they’re having trouble arming their officers due to shortages of assault rifles and ammunition. One police department has instructed its officers to try cutting back on ammunition...
Business Moves – South Central
Jan 28 2013 // Caldwell and Partners, Midlands Holding Corp. Oklahoma-based Caldwell and Partners Inc. (CAP) acquired Midlands Holding Corp. (MHC) from PMA Capital Corp. (PMA). Midlands Management Corp. (Midlands) is a managing general...
California Wholesalers Fret Over Upcoming Legal Decision
Jan 28 2013 // A pending legal battle that could expose wholesalers in California to more lawsuits was the centerpiece of talk at the California Insurance Wholesalers Association conference in San Diego in mid-January. During the...
After the Storm: Agents’ E&O Lessons Learned
Jan 28 2013 // More often than not, a second wave of claims against insurance agents by their clients follows a natural disaster. For the most part, the types of allegations and claims that surface after a catastrophe are the same as...
Surplus Lines Regulatory Picture for 2013
Jan 28 2013 // State implementation of the Nonadmitted and Reinsurance Reform Act (NRRA), effective July 21, 2011, proceeded relatively smoothly during 2012, albeit with a few hiccups as industry and regulators navigated the transition...
Want to Grow Your Agency, But Just Can’t Quite Make It Happen?
Jan 28 2013 // Almost every agency owner I’ve ever met, and I’ve met maybe thousands, has wanted to grow his or her agency. Many, maybe most, have been stuck. Whether they are stuck at $300,000 revenue, $500,000, $6 million...
How Independent Agents Can Use ‘Being Local’ to Their Advantage
Jan 28 2013 // As an independent agent, you possess many advantages over the national P/C marketers that operate mainly online and over the phone. One strong point, among many, is that you operate out of a local office. Don’t look...
Changing an Agency Management System
Jan 28 2013 // When Brightway Insurance recently changed agency management systems, which took close to a year, it was one of the largest transitions of its kind in the insurance industry in terms of total users accessing a common hosted...
E&O Insights: Differences Between Standard, Excess & Surplus Markets
Jan 28 2013 // For as long as the insurance industry has been around, the excess and surplus (E&S) lines marketplace has served a vital role in writing difficult-to-place, specialty business for which admitted markets don’t...
