Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
North Carolina Insurance Agent Arrested on Embezzlement Charges
Dec 23 2008 // North Carolina Insurance Commissioner Jim Long reports that Kenneth Rick Morrow of Marion, a licensed insurance agent, was arrested last week and charged with nine counts of embezzlement, nine counts of obtaining property...
Massachusetts Agents Want Regulator to Rein in Progressive
Dec 23 2008 // A trade group for Massachusetts insurance agents has asked the state’s top regulator to force Progressive Insurance to take down its Web site, which agents say routinely gives inaccurate quotes — particularly...
Former Mississippi Commissioner Featured at Texas Agents Event
Dec 23 2008 // The nation’s longest serving insurance commissioner, former Mississippi Insurance Commissioner George Dale, will share his unique post-Katrina insights on the regulatory challenges in the aftermath of large-scale...
ISG Promotes Johannsen to Branch Vice President
Dec 23 2008 // Clancy Marie Johannsen has been promoted to branch vice president of the El Segundo, Calif., office of Insurance Specialty Group, LLC ‘s Professional Liability Group. Frederick J. Fisher, executive vice president and...
Mergers Slow as New Agencies Pop Up
Dec 21 2008 // Report: Number of Agencies Unchanged Since 2006 A new study by an industry trade group has found that the decade-long contraction in the number of insurance agencies has ceased during the past two years — a move...
Other Agency/Brokerage Transactions in 2008
Dec 21 2008 // Transactions involving agencies and brokerages other than the Brown & Brown, Arthur J. Gallagher and Hub International (see below) deals in the months announced or completed: January California: R.E. Chaix &...
Gallagher Stocks Up; M&A Activity Steady
Dec 21 2008 // Stock Prices: Arthur J. Gallagher’s stock price remarkably continues to hold strong as many stocks are experiencing historical declines. Gallagher is up 6.5 percent for the year. M&A Activity: Brokerage activity...
2008 Quotes to Remember… and Forget
Dec 21 2008 // “You always find out who’s been swimming naked when the tide goes out. We found out that Wall Street has been kind of a nudist beach.” —Warren Buffett on the credit crisis “As a strong supporter...
2008: A Year of Financial Storms
Dec 21 2008 // 2008 can be described as a year like no other in the property/casualty insurance world. This year, the industry witnessed the near death of the world’s largest and most successful insurance company, AIG. The soft...
After Stormy 2008, P/C Industry Facing Uncertainty in New Year
Dec 21 2008 // Agents Wish for Firmer Pricing, Higher Commissions, Solid Client Retention, Unity on Legislation Ask agents and executives in the insurance industry about the coming year and they’ll say they expect that the market...
2008: Busy Year for Mergers, Big and Small
Dec 21 2008 // A lot happened in the world of insurance agency/brokerage mergers and acquisitions in 2008. Willis made the biggest slash with its $2.1 billion acquisition of Hilb Rogal & Hobbs Co. (HRH), one of the world’s...
Agents’ Wish List for Carriers in 2009
Dec 21 2008 // The past year has brought down a lot of businesses and people — but not independent insurance agents. They’re still up … for the challenge, for the future, for whatever lies ahead. Many independent agencies...
Top Regional Stories of 2008
Dec 21 2008 // West California Passed Agent-Broker Law The most notable bill affecting California agents was AB 2956, which clarifies the duties of an insurance agent versus a broker. Prior to the new law, confusion existed within the...
BB&T to Acquire Florida’s J. Rolfe Davis Insurance
Dec 19 2008 // BB&T Insurance Services, the nation’s sixth largest insurance broker, reports it plans to acquire J. Rolfe Davis Insurance of Maitland, Fla. Founded in 1942 by former Orlando mayor J. Rolfe Davis, the...
Ho-Ho-Ho Holiday Parties? Survey Says Homeowners Unaware of Risks
Dec 19 2008 // As millions of Americans host and attend holiday parties across the street or across the country, many are unaware of the risks they may be taking or of their own responsibilities to ensure their guests don’t hit the...
Retail, Wholesale Insurance Brokers Working on Electronic Transactions
Dec 19 2008 // Retail insurance agents and wholesale brokers are working on a plan to streamline how they do business together including improving electronic applications, electronic interfaces between the parties, and general agent Web...
Texas Agent Group Revising Essentials Training Program
Dec 18 2008 // The Independent Insurance Agents of Texas is updating its training program designed to provide agents with a foundation in commercial and personal lines insurance. Beginning in January, IIAT is taking the best elements of...
The Alliance of Insurance Agents & Brokers Names D’Arelli Executive Director
Dec 17 2008 // The Alliance of Insurance Agents & Brokers announced that Michael D’Arelli has been named the association’s executive director and chief operating officer. D’Arelli has replaced David G. Nielsen, who...
Hamlin Joins Burns & Wilcox as Professional Lines Broker
Dec 15 2008 // Farmington Hills, Mich.-based Burns & Wilcox announces that Christian T. Hamlin has joined the company as a professional lines broker. He is based in the company’s Los Angeles office. Hamlin has more than 10...
California Earthquake Authority Selects Broker Team for Reinsurance Program
Dec 12 2008 // The California Earthquake Authority Governing Board today approved a team of reinsurance intermediaries to work on the CEA’s behalf to meet its reinsurance needs. AON Benfield will act as lead intermediary, with Guy...
