Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Former California Insurance Agent Sentenced for Theft
Nov 8 2022 // Formerly licensed insurance agent Vincent Allen LaGrange, 66, of Seal Beach, California, was sentenced in San Bernardino County Superior Court on one misdemeanor count of grand theft from an elder after an investigation by...
Agency E&O Premiums Rise Again; 3 Years in a Row, More Agencies Report Paying More for E&O Coverage
Nov 7 2022 // Agency errors and omissions premiums have risen on average for three years in a row, according to Insurance Journal’s annual Agency E&O survey. Some 70.5% of respondents saw an increase in their agency E&O...
Gallagher Buys Irish Broker Doyle Mahon, Rebrands Innovu After Recent Acquisition
Nov 4 2022 // Gallagher announced it has acquired Doyle Mahon Insurances, bolstering its presence in Ireland and demonstrating its commitment to expand its customer and employee base in the country. This follows Gallagher’s...
UK to Cap Price of Russian Oil Using Insurance, Brokerage, Shipping Services Ban
Nov 4 2022 // The UK government is to cap the price of Russian oil for any company in the world using the country’s insurance, brokerage and shipping services. The UK Treasury said in a statement on Thursday that the country will...
People Moves: Broker Newfront Names Leaders in Boston; Tweedy Joins Integris
Nov 3 2022 // Newfront Names Executives at New Boston Office Insurance broker Newfront recently named several executives and leaders at its newly established Boston, Massachusetts, office. Brian Kelleher joins the Boston office as...
People Moves: Chaucer Taps AXA XL’s Tuggey to Lead Cyber; LSM Appoints Chubb’s Vince for Broker Mgmt; QBE Int’l Names Stokoe, Fuller to Exec Board, Expanding Roles
Nov 2 2022 // This edition of International People Moves details appointments at Chaucer, Liberty Specialty Markets, and QBE International. A summary of these new hires follows here. Chaucer Names AXA XL’s Tuggey as Head of...
Jensten Group Completes Acquisition of UK Broker J Bennett & Son
Nov 1 2022 // The Jensten Group, the London-based independent insurance broking group, has completed the acquisiton of J Bennett & Son Insurance Brokers and its subsidiary, Mathews Comfort & Co., following final regulatory...
The Top 3 Questions Agents Ask about Builders Risk
Oct 27 2022 // Design on a Dime, Property Brothers, Man Cave, This Old House, Flip or Flop — These popular TV shows draw millions of viewers with stories featuring renovations of run-down or dated homes. Television producers...
New York’s High Court Upholds Insurance Regulation Opposed by Agents
Oct 26 2022 // New York insurance agents have lost their bid to overturn a state consumer regulation governing the sale of life insurance and annuity products that they believe is vague and exceeds the state insurance regulator’s...
AgentSync: We Know Insurance Because We Come From Insurance
Oct 26 2022 // This post is part of a series sponsored by AgentSync. AgentSync’s roots are in the insurance industry’s pain points: The premise started from insurance professionals looking at manual and repetitive producer...
Renaissance Alliance Adds 3 New York Agencies to Its Network
Oct 25 2022 // Independent insurance agency network Renaissance Alliance reports that it has expanded its presence in New York by adding three agencies to its membership. The newest members are Fraleigh and Rakow, with office locations...
Broker UIB Forms Corporate & Capital Risks Practice After Restructuring Specialty Lines
Oct 24 2022 // United Insurance Brokers (UIB), the London-based re/insurance broker, announced the formation of its Corporate & Capital Risks practice. This announcement comes after UIB restructured its Specialty Lines Division this...
Agents Want End to California Auto Insurance Rate Moratorium
Oct 18 2022 // An insurance agent group in California is opining on the impact of California Insurance Commissioner Lara’s recent auto insurance rate decisions on California consumers. They do not like Lara’s auto insurance...
NFP Buys UK Broker Bentley Insurance Services
Oct 18 2022 // NFP, the New York City-based property/casualty insurance broker and consultant, announced it has acquired Mason James Insurance Services Ltd. (doing business as Bentley Insurance Services), one of the largest brokers in...
North Carolina Drops Broker Licensing
Oct 17 2022 // This post is part of a series sponsored by AgentSync. Broker licensing, long a complicated subject, has been thrust into the spotlight here on the AgentSync blog once more as North Carolina drops its broker-specific...
Auto-Owners, Erie, Cincinnati, Hartford, Hanover Tops in Agents’ Satisfaction: J.D. Power
Oct 17 2022 // Despite near constant disruption from the twin forces of digital transformation and economic uncertainty, independent insurance agents have never been more satisfied with their carrier partners. According to the J.D. Power...
Insurance-Related Cyberattacks on the Rise: Are Agencies Prepared?
Oct 17 2022 // Insurance has become one of the top industries targeted by cybercriminals. In fact, a recent ranking by the cybersecurity vendor Ekran included finance and insurance as one of the five industries “most at risk of...
Digital Marketing and the Rise of the Independent Agent
Oct 17 2022 // Independent agents are taking over the scene — 62% of property and casualty premiums in the U.S. were written by independent agents in 2021 — so competition is fiercer than ever. Independent agents who want to...
The Unprepared Face Many Surprises When Selling Their Agencies
Oct 17 2022 // What is being sold when an owner decides to sell their agency? Expirations (generically). What are expirations? Data. Why is data valuable? Because the data enables one to create a revenue stream. The revenue stream is...
Broker Marsh Says it Has Optimism for Continued Cyber Market Stabilization
Oct 14 2022 // In its latest update of the cyber market, broker Marsh said there are signs of improvement, with average rate increases continuing a trend of stead decline. Marsh said rate increases for cyber insurance have decelerated...
