Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Effective Leadership – What is it?
Dec 11 2012 // This post is part of a series on insurance marketing and training sponsored by Astonish. After personally helping install hundreds of marketing systems in insurance agencies across the country, I can’t express enough...
Insurance Fraud Allegations Up in Ohio
Dec 11 2012 // Officials say the record number of insurance-fraud allegations in Ohio this year can be partly attributed to better reporting of suspected incidents and difficult economic times that push some people into illegal...
Futures Industry Looks to Insurance After MF Global Collapse
Dec 10 2012 // Long-derided as unsuitable for sophisticated futures markets, insurance is getting a surge of attention heading into the new year as the industry works to patch itself up after the stunning collapse of brokerage MF Global...
SIAA Adds 7 Midwest Agencies in November
Dec 10 2012 // The Strategic Insurance Agency Alliance (SIAA) announced it signed seven additional members in Midwest states in November. They are: The Robertson Company of Muncie, Ind. Burcham Insurance Agency of Cleveland, Ohio Paisano...
Texas Wind Insurer: Agent Login Will Change Dec. 13
Dec 7 2012 // The Texas Windstorm Insurance Association is advising agents that the web address for its E-Quote login will change on Dec. 13, 2012. The old login address, https://quote.twia.org/twia/do/login, for use prior to Dec. 13,...
SIAA Adds 3 South Central Agencies in November
Dec 7 2012 // The Strategic Insurance Agency Alliance (SIAA) announced it signed three additional members in South Central states in November. They are: Garner Insurance of Norman, Okla.; Mitchell Insurance Group of Willis, Texas; and...
Ex-N.J. Brokerage Exec Who Stole Millions Faces Lengthy Prison Term
Dec 6 2012 // A former New Jersey insurance brokerage controller who pleaded guilty to stealing several million dollars is awaiting sentencing scheduled for Dec. 19. Under the plea agreement, the state will recommend that Kelly Roetto,...
Hull & Co. Opens Marine Department, Names Schmit Marine Broker In California
Dec 5 2012 // Hull & Company has now opened a new marine department at its Stockton, Calif. office and named marine risk specialist Quincy M. Schmit as commercial lines marine broker. The department will offer a variety of...
Building Momentum in the Construction Market
Dec 5 2012 // After four years of one of the most challenging construction markets, construction insurance experts are beginning to see signs of a slow recovery with some of their contractor and builder accounts. The current...
Spotlight: CIWA Looking for Resurgence in Changing Market, Lawsuit
Dec 4 2012 // The California Insurance Wholesalers Association is in prime position to benefit from trends and events that its board members expect to be unfolding in the next year or two – including an improved surplus lines outlook...
Court Finds Rating Agencies Not Liable on Toxic Mortgages
Dec 4 2012 // Major credit rating agencies won a fresh legal victory on Monday when a federal appeals court rejected a lawsuit by Ohio pension funds that sought to recoup millions of dollars of losses on risky mortgage debt they said...
Confie Seguros Buys Florida, Nevada Agencies
Dec 3 2012 // Confie Seguros, a national provider of personal lines insurance focused on Hispanic consumers, has acquired four regional insurance brokerages in Florida and Nevada. Confie Seguros completed the acquisitions of...
Business Moves – East
Dec 3 2012 // Onex Corp., USI Canadian private equity firm Onex Corp. agreed to acquire insurance brokerage USI from Goldman Sachs Group’s GS Capital Partners private equity fund in a transaction valued at $2.3 billion. The deal...
Genstar In Hunt for Another Confie-like Brokerage
Dec 3 2012 // Now that it has sold its equity stake in Hispanic-focused auto insurance broker Confie Seguros, Genstar Capital LLC is hunting for another insurance concern. The San Francisco, Calif.-based private equity firm recently...
Penn.-Based W.N. Tuscano Buys Special Risk Solutions From Utica Mutual
Nov 30 2012 // W. N. Tuscano Agency, a wholesale broker located in Greensburg, Penn., acquired Special Risk Solutions Inc. (SRS), the brokerage division of Utica Mutual Insurance Company. Utica Mutual Insurance Company is a member...
Willis North America to Acquire Canadian Benefits Broker Avalon Actuarial
Nov 30 2012 // Willis North America, a unit of Willis Group Holdings, announced that it has entered into a definitive agreement to acquire the assets of Avalon Actuarial Inc., a Canadian employee benefits brokerage and actuarial...
California Department Insurance: Streamlined Licensing
Nov 29 2012 // The California Department of Insurance announced a new process for professionals submitting insurance agent, broker, adjuster and bail agent license applications to CDI. The new process “enhances customer service and...
Associated Agencies Names Herz President and Schrayer CEO
Nov 28 2012 // Associated Agencies Inc., based in Rolling Meadows, Ill., has promoted 35-year-old Joshua Herz to president, making him the fourth person in the same family to hold the position. Herz succeeds his cousin, Max (Skip) R....
Agency E&O Outlook: Competition, Hard Market, Healthcare Effects and More
Nov 27 2012 // Firmer insurance prices and an upward trend in agency revenues are signs of good times for most independent agencies. These same trends, however, are reflected in today’s insurance market for agency errors and...
Onex Corp. of Canada to Acquire USI for $2.3 Billion
Nov 26 2012 // Canadian private equity firm Onex Corp. said today it has agreed to acquire insurance brokerage USI from Goldman Sachs Group’s GS Capital Partners private equity fund in a transaction valued at $2.3 billion. The deal...
