Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Indiana Travel Agent Sentenced For Wire Fraud
Apr 18 2022 // Maria Caceres an Indiana travel agent was sentenced last week to 30 months in federal prison following her conviction of wire fraud, to which she had previously plead guilty. According to court records, the 56-year old...
King Brokerage Acquires Ameriway in NE Florida
Apr 18 2022 // The King Insurance brokerage firm has acquired Ameriway Insurance Co., based in Fernandina Beach, Florida, the companies announced. Ameriway provides commercial and personal lines coverage and was founded by Charles Hayes....
Producer and Carrier Contracts: An Agent’s Lifeblood, But Will Your Contracts Save You?
Apr 18 2022 // The world is a different place today. In days gone by, agents focused on protecting their expiration rights from carriers and producers stealing their books of business. From many angles, those were the halcyon...
What Young Agents Think
Apr 18 2022 // This issue of Insurance Journal features exclusive results from the 2022 Young Agents Survey where nearly 300 young agents nationwide shared their views on the insurance industry and their experiences as agents. This...
Young Agents Remain Optimistic About Career Choice But Concerned About Economy
Apr 18 2022 // Editor’s Note: To view the complete results of the 2022 Young Agents Survey and corresponding charts download the full issue at: https://www.insurancejournal.com/magazines/ Young agents are an optimistic bunch when...
Former California Insurance Agent Arraigned for Allegedly Stealing Premiums
Apr 14 2022 // Formerly licensed insurance agent David Lance Hall, 64, of Bakersfield, California, was arraigned this week in Kern County Superior Court on six felony counts of theft and misappropriations of fiduciary funds after...
Advice for Casualty Insurance Brokers: ‘Get Out of the Pajamas’
Apr 13 2022 // Asked for the latest thoughts on the role of the broker in managing client expectations against the headwinds of a difficult casualty insurance market, one panelist during Advisen’s Casualty Insights Conference said...
Xenia Buys Majority Stake in Hong Kong’s Capstone Insurance Brokers
Apr 13 2022 // Xenia Broking Group Ltd., the credit insurance and surety specialist broker, announced it has acquired a majority stake in Capstone Insurance Brokers Ltd., a Hong Kong-based insurance broker with specialist expertise in...
Georgia Authorities Looking for Insurance Agent after $32,000 Goes Missing
Apr 12 2022 // Georgia authorities were searching for a South Georgia insurance agent who allegedly absconded with thousands of dollars in premium payments but never provided insurance policies. Georgia’s insurance...
NFP Acquires Dublin-Based ReSure Corporate Brokers
Apr 12 2022 // NFP, the New York City-based property/casualty insurance broker and consultant, has acquired Irish-owned ReSure Corporate Brokers, a specialist commercial insurance broker. Financial details of the transaction were not...
Broker WTW Reports Commercial Rates Are Starting to Stabilize Except for Cyber
Apr 8 2022 // Rate hikes for commercial lines of insurance are slowing to single-digit increases or even flat renewals, according to broker WTW’s Marketplace Realities spring update. The exception, as it has been, is cyber...
ALKEME Acquires ERM Insurance Brokers in California
Apr 8 2022 // ALKEME acquired ERM Insurance Brokers in Santa Ana, California. ERM specializes in Hospitality, construction, cannabis, manufacturing, woodworking, cyber and retail/wholesale. Ladera Ranch, California-based ALKEME is...
Hub International Buys Maryland Broker Marketing Management Associates
Apr 8 2022 // Global insurance broker Hub International has acquired the assets of Marketing Management Associates, Inc. of Landover, Maryland. Terms of the transaction were not disclosed. Marketing Management Associates is a commercial...
Agencies Promoting People for Commercial Lines
Apr 6 2022 // Jimcor Hires Becotte Jimcor Agency Inc., a national wholesale broker and managing general agent, has hired Michael Becotte as a commercial lines underwriter for the Southeast, based in Cumming, Georgia. Becotte has more...
Gallagher Bassett International Acquires UK-Based Claims Settlement Agencies Ltd.
Apr 5 2022 // Claims services provider Gallagher Bassett (GB) International has boosted its size and offering in the United Kingdom by acquiring third-party claims administrator Claims Settlement Agencies Ltd. (CSA). Financial details...
Canada’s StoneRidge Insurance Brokers Buys Generations Insurance Inc.
Apr 5 2022 // Canada’a SIB Corp., operating as StoneRidge Insurance Brokers (SIB), an independent provider of insurance and consulting service, has acquired Generations Insurance Inc., to expand its personal and commercial...
Howden Acquires 2 Italian Brokers: Nord Est Insurance Broker and ASI
Apr 4 2022 // Howden, the London-based international insurance broker, further strengthens its presence in Italy with two new acquisitions: Nord Est Insurance Broker and ASI Insurance Brokers. Financial details of the acquisitions were...
Louisiana Dept. of Insurance Issues Cease-and-Desist Orders Against 2 Agents
Apr 4 2022 // The Louisiana Department of Insurance (LDI) recently issued cease-and-desist orders and license suspensions against two insurance producers for violations of the Louisiana Insurance Code. On March 11, the LDI issued a...
Iowa Insurance Agent’s License Permanently Revoked After Violating Order
Apr 4 2022 // Iowa Insurance Commissioner Doug Ommen recently issued an enforcement order against Gary D. Marcum formerly of Clive, Iowa, and now a resident of Kodak, Tennessee. The enforcement order permanently revokes Marcum’s...
UK Brokerage Group Jensten Simplifies Corporate Structure, Brands
Apr 4 2022 // The Jensten Group, the UK independent insurance broking group, has embarked upon a transformation program across the business which will see it simplify its corporate structure, systems, and brands. The restructure will...
