Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
First Mainstreet Insurance Acquires Two Iowa Agencies
Oct 6 2020 // First MainStreet Insurance L.C. (FMSI), an affiliate of TrueNorth Companies L.C., has acquired two Iowa agencies: Brummel Madsen Insurance in Cedar Falls and The Engel Agency in Maquoketa. Brummel Madsen Insurance has been...
Wholesale Trading Insurance Services Acquires Landmark E&S in California
Oct 5 2020 // Wholesale Trading Insurance Services LLC and its parent company, Jencap, LLC, have agreed to acquire privately held Landmark E&S Insurance Brokers LLC, an Anaheim, Calif. based specialty wholesale brokerage firm. Terms...
Westland Insurance Acquires 2 Brokerage Firms in Alberta, Canada
Oct 5 2020 // Westland Insurance Group Ltd. announced it has acquired two brokers, based in Alberta, Canada, effective October 1, 2020. Ironside Insurance Brokers is a family-owned brokerage located in Carstairs, Alberta. Its...
To Improve Profitability and Sales, ‘Fire’ Your Small Commercial Accounts
Oct 5 2020 // We all know about the Pareto Principle, the 80/20 rule. It also applies when analyzing the profitability and the work required for an agency’s book of business. Roughly 20% of the accounts generate 80% of the...
Hotel Sector Sees Tough Times, High Rates in Insurance Market
Oct 5 2020 // The hotel industry was one of the first industries affected when COVID-19 forced the travel industry into standstill, and many predict it will also be one of the last industries to recover. Even as travel has ticked up...
America’s Best Agencies To Work For
Oct 5 2020 // The votes are in for the 2020 Best Independent Insurance Agencies to Work For. While 2020 has been an unusual year for agency employees – many of whom have worked remotely for months – the pressures that have...
UK Insurtech Zego Partners with 2 Independent Broker Networks to Expand Fleet Offering
Oct 2 2020 // London-based insurtech Zego has partnered with two of the UK’s biggest networks of independent brokers that sit within Bravo Group. Zego will benefit from access to a community of over 700 brokers, more than 60% of...
Boston Insurance Brokerage Promotes Treen to VP of Finance and Administration
Oct 2 2020 // Boston Insurance Brokerage LLC (BIB) has promoted Casie Treen to vice president of Finance and Administration. Treen has been a member of the BIB team since 2011. She joined BIB as an intern while pursuing a degree in...
Argument in London Pub Between U.S., British Agents Is Focus of UK Employment Suit
Oct 2 2020 // An insult-laden spat at a London pub that strained relations between U.S. and British law-enforcement agencies is at the center of a employment tribunal lawsuit against the UK Serious Fraud Office. Tom Martin, an...
Appalachian Underwriters Makes 3 Promotions in Tennessee
Oct 2 2020 // Appalachian Underwriters, Inc. (AUI) has promoted three in-house Marketing team members Marketing representatives in its Oak Ridge, Tenn. Headquarters. The three members will service agents in their specific...
Cannabis Broker Spotlight: Sawyer of Cross Insurance Says Work Building Cannabis Business Worth it
Oct 1 2020 // Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few tips...
Distinguished Programs Hires Guerrero as Regional Sales Executive in New York
Oct 1 2020 // Distinguished Programs, a national insurance program manager, has hired Brando Guerrero as a regional sales executive in New York. In this role, Guerrero will oversee growth/broker partners in Manhattan, the Hudson Valley...
Allstate to Cut 3,800 Jobs as Latest Step in Multi-Year Growth Plan
Oct 1 2020 // The Allstate Corp. said it will cut approximately 3,800 jobs in claims, sales, service and support functions as part of its continuing plan to grow its property/casualty market share. The layoffs will affect about eight...
Cease and Desist Order Issued for Louisiana Agent for Alleged Premium Theft
Oct 1 2020 // The Louisiana Department of Insurance has issued a cease and desist order and summary suspension of producers license to a Lake Charles, La., agent for alleged misappropriation of premium funds. Valerie M. Muse reportedly...
Wisconsin Insurance Commissioner Revokes Agent’s License
Sep 30 2020 // The Wisconsin Office of the Commissioner of Insurance Mark Afable has charged former insurance agent, Timothy S. Bratley, with a number of violations of insurance law all targeting elderly consumers. Bratley, also a...
Agents Warned of ‘Creative’ Attorneys, Virus Lawsuits
Sep 30 2020 // Agents and brokers should be on alert that plaintiffs’ attorneys in COVID-19 related business interruption claims lawsuits may be eyeing them as more cases against insurance companies begin to fail and claimants...
Insurance Broker Gallagher Reports Ransomware Attack
Sep 29 2020 // Insurance broker Arthur J. Gallagher & Co. and its claims unit, Gallagher Bassett, reported that a ransomware incident that happened on Saturday, Sept. 26 limited some of its internal systems. In a filing with the...
Howden Acquires London-Based Broker St Giles Legal & Professional Risks
Sep 29 2020 // Howden, the independent employee-owned insurance broker, announced it has reached an agreement to acquire St Giles Legal & Professional Risks, a London-based professional indemnity insurance broker specializing in the...
Florida Peninsula Promotes Gonzalez to Director of Agency Support
Sep 28 2020 // The Florida Peninsula Insurance family of companies, which includes Edison Insurance Co., has promoted Mariella Gonzalez to director of Agency Support. In addition to her current role as director of Community Involvement,...
Louisiana Agent’s License Suspended for Misappropriation, False Insurance Certificates
Sep 25 2020 // A Lake Charles, Louisiana, insurance producer has been issued a cease and desist order and had her license suspended amid an investigation into misappropriation of insurance premiums and the issuing of false insurance...
