Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Silly Notion
May 7 2012 // “My view is that the world is not less complex; it’s getting more complex. And the notion that buyers don’t need help is just crazy; it’s silly. It’s a silly notion.” That’s the...
Business Moves – South Central
May 7 2012 // Arthur J. Gallagher, Bessleman & Little Arthur J. Gallagher & Co. has acquired Besselman & Little Agency of Baton Rouge, La. Founded in 1986, Besselman & Little Agency offers a wide range of employee...
Business Moves – East
May 7 2012 // Worldwide Facilities, Privett Worldwide Facilities, a Los Angeles-based independent surplus-lines broker and managing general agency, acquired assets of Privett Special Risk Services, a New York City-based...
New Ventures Ready, Waiting for Market to Turn
May 7 2012 // The time appears to be right for new ventures including program managers, wholesaler brokers and retail agencies despite uncertainty with the economy and insurance market. Why are these companies starting these endeavors...
AAMGA President Chaffin Stresses Need for Perpetuation; Cites Effect of Revised Catastrophe Model on E&S Business
May 7 2012 // Relationships are important to the success of any insurance business, but it’s perpetuation that matters most when it comes to survival. R.C. Chaffin, president and CEO of Coral Gables, Fla.-based SeaCoast...
West Insurance Employment: California Job Market to Stay Soft
May 7 2012 // The phrase “Go west young man,” may not apply so well to the insurance industry in the nation’s most populous state. An examination of Bureau of Labor Statistics and Economic Development Department data...
Oil, Economy Fuel Insurance Hiring in Texas
May 7 2012 // Job Outlook Across the nation, employment levels in insurance agencies and brokerages declined at a faster rate than the overall U.S. employment level since the recession began in 2007. The good news: Some independent...
Is General Ledger Accounting Adequate for P/C Insurance Premium Transactions?
May 7 2012 // In current practice, insurance premium accounting is based on general ledger (GL) accounting. It is used by all agency management software applications including AMS and Applied Systems just to name a few. Developed more...
Replacement Costs Battle on the Road to Somewhere
May 7 2012 // Steve Young was somewhat upbeat when he was asked what he thought about the outcome of a long-brewing legal battle between three insurance associations and the California Department of Insurance. That upbeat attitude is...
Sales Agents, Good Talent Always Priorities in the Midwest
May 7 2012 // As in every other business sector, during the past few years organizations within the property/casualty insurance industry have sought to maximize efficiencies and take full advantage of the talent in their existing...
Southeast Agency, Carrier Plans Brighten Jobs Picture
May 7 2012 // Those interested in new or better positions in insurance might want to grab their suntan lotion and head to the Southeast. They might also want to brush up on their Spanish. The unemployment rate remains higher in key...
Southeast Agencies, Carriers Now Hiring
May 7 2012 // Here is some of the positive insurance employment news for the Southeast: Allstate In February, Allstate Insurance announced it was looking to appoint 124 new agency owners in Alabama, Georgia, North Carolina and South...
In East Region, Insurance Sector Hiring Is ‘Slightly Elevated’ in 2012
May 7 2012 // The insurance employment market in the East and Northeast regions — as in most other parts of the country — can be summed up the following way: hiring is “slightly elevated” compared to last year, but there...
C.M. Meiers Legal Battle Goes On, Allegations Heat Up
May 3 2012 // With a quote from former president Ronald Reagan, an emergency motion from a sex toy business and increasingly acerbic accusations, the legal battle between the new and old owners of bankrupt agency C.M. Meiers continues...
Montana Couple Seeking Damages From Broker For Fed Raids
May 2 2012 // A Helena couple that rented a greenhouse to a medical marijuana operation have sued their insurance broker after their insurance company denied a $75,000 damage claim filed following a federal raid of the operation. The...
Survey: Agencies Seek Carrier Help to Expand into New Niches
May 2 2012 // The challenges of today’s economy appear to be driving some independent agents into new niche insurance markets and product lines. Almost 60 percent of independent agents say they have begun to or plan to expand into...
Nationwide Mutual Completes Harleysville Merger
May 1 2012 // Nationwide Mutual Insurance Co. said that the company completed its previously announced $834 million merger deal with Harleysville Mutual Insurance Co. The deal was first announced in September 2011. Nationwide Mutual...
The McGowan Cos. Purchases Md.-Based Allied Insurance Brokers
Apr 30 2012 // The McGowan Companies (McGowan), based in Fairview Park, Ohio, purchased the assets of Allied Insurance Brokers Inc. (Allied). Allied, which is headquartered in Marriottsville, Md., will begin operating under the...
Former N.Y. Agents Sentenced to Jail for Swindling Elderly Clients
Apr 30 2012 // New York regulators said two former insurance agents who pled guilty to swindling $400,000 from elderly clients by fraudulently changing beneficiary information on annuity contracts have been sentenced to jail time and...
Big ‘I’ Chairman Donohoe Extols Association’s Value in Fast-Changing Times
Apr 27 2012 // Speaking at the Independent Insurance Agents and Brokers of America (IIABA) conference, IIABA Chairman Mike Donohoe said the association is an indispensable partner and guide for independent agents in a rapidly changing...
