Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Questions to Ask Before Starting an Independent Agency
Sep 21 2020 // In the most recent Closing Quote in Insurance Journal, I wrote about why I believe this is the best time in history for entrepreneurial agents to create a new independent insurance agency. My reasons include lower costs,...
Agents Warned of ‘Creative’ Attorneys and COVID-19 Lawsuits
Sep 21 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...
High Street Insurance Partners Adds Two Partner Agencies to Portfolio
Sep 18 2020 // Lower-middle-market private equity firm Huron Capital announced that its full-service insurance brokerage platform, High Street Insurance Partners, has acquired Tracy, Driscoll & Co. Inc. and Millennium Alliance Group...
What to Expect in 2021: Reinsurance Market Moving From ‘Timid’ to ‘Hard’
Sep 18 2020 // Speaking at one of the many virtual conferences that took place in early September, Dan Malloy, chief executive officer of Bermuda-based Third Point Reinsurance, offered an anecdotal view of the reinsurance market from a...
Louisiana Insurance Agents Get C&D Orders for Alleged Misappropriated Premiums
Sep 18 2020 // Two St. Martin Parish, Louisiana, insurance producers have been hit with Cease and Desist Orders and fines for allegedly misappropriating premium funds, Louisiana Department of Insurance (LDI) reported. The department said...
Cannabis Broker Spotlight: Mark Edwards’ Jackson Paired a Passion for Cannabis with Financial Acumen
Sep 17 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...
Baird Joins WSS’ Houston Surplus Lines as Sr. Broker/Underwriter
Sep 16 2020 // Western Security Surplus (WSS), a part of XPT Partners, has hired industry veteran Suzy Baird as senior broker/underwriter with Houston Surplus Lines (HSL), a division of WSS. Baird is based out of the WSS Houston...
Keystone Agency Investors Acquires 4 Missouri Agencies, Forms Midwest Risk Partners
Sep 16 2020 // Keystone Agency Investors (KAI), a new strategic partnership formed by Keystone Insurers Group and Bain Capital Credit, has acquired four St. Louis, Missouri-based insurance agencies, which together will form Midwest Risk...
NFP Rebrands UK, Ireland Brokerages Under Its NFP Corporate Name
Sep 16 2020 // Insurance broker and consultant NFP is rebranding all of its European brokerages under its corporate name. The New York-based firm said that Mackenzie Taylor Benefits Consultants Limited, Linkfield Corporate Solutions...
OneBeacon Acquires International Bond & Marine Brokerage
Sep 15 2020 // OneBeacon Insurance Group said it has acquired International Bond & Marine Brokerage, Ltd., a privately held brokerage and risk management firm specializing in the international trade markets. IB&M will retain its...
Associated Agencies Acquires The Bensman Group in Illinois
Sep 15 2020 // Associated Agencies Inc., a privately held insurance and risk management firm based in Rolling Meadows, Ill., has acquired Bensman Risk Management Inc. and Bensman Associates Ltd. (The Bensman Group), a Bannockburn,...
Louisiana Says Agent Took Premiums but Didn’t Place Insurance
Sep 15 2020 // A Lafayette Parish, Louisiana, insurance producer has been issued a cease and desist order, a license revocation, summary suspension and a fine for allegedly misappropriating premium funds, according to the Louisiana...
Foresight’s Tech-Driven Workers Compensation Program Breaks New Ground
Sep 15 2020 // Foresight is now appointing a group of founding broker partners focusing on hazardous verticals in the middle market San Francisco, CA, September 15, 2020 – Foresight, a commercial insurtech MGU with carriers rated...
COVID-19 Crisis Reveals Contract Clarity Lessons, Digital Opportunities: Flandro
Sep 15 2020 // In every crisis, lessons must be learned, but opportunities also are revealed. And so it goes with the COVID-19, which has shown the need for contract certainty in the re/insurance industry, while at the same time...
Triple Threat: Carrier-Insurtech-Agency Partnerships Can Transform Commercial Lines
Sep 14 2020 // COVID-19 has changed many things in the insurance industry. Seemingly overnight everyone is working from home and the companies with the best digital customer experiences have the advantage. Yet, commercial lines insurance...
Texas Reminds Insurers, Agents of Data Accuracy Responsibilities
Sep 10 2020 // The Texas Department of Insurance has issued a bulletin reminding all regulated entities, their agents, and their representatives that they are responsible for the accuracy of the data used in rating, underwriting, and...
Insurance Agencies Get No Break When It Comes to Cyber Liability
Sep 10 2020 // As this trying year drags on, insurance agents might be tempted to take a quick breather. From a cyber liability perspective, however, the pressure on agents is ramping up over the rest of the year. Here’s why. In...
Hub International Acquires Brokerage Assets of Charles Rhett Butler
Sep 10 2020 // Hub International Limited, a global insurance brokerage, has acquired the insurance brokerage assets of Charles R. (Rhett) Butler. Terms of the transaction were not disclosed. Rhett was part of Nationwide Mutual Insurance...
Element Risk Management Acquires Two Pennsylvania Agencies
Sep 9 2020 // Element Risk Management has acquired two new insurance agencies in Pennsylvania. Barrick & Associates of Hanover, Penn., and Danner’s Insurance, with locations in East Berlin and Biglerville, Penn., are now part...
London Underwriters Launches Online Agent Platform in Texas
Sep 8 2020 // London Underwriters has released a beta version of its new online platform, Bunch, in the state of Texas. London Underwriters, which has administrated its own proprietary Lloyd’s of London commercial property program...
