Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Cannabis Broker Spotlight: Porter with Brown & Brown Sees Growing Opportunities
Jul 9 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...
Luttrell Named ELITExan Young Agent of the Year by IIAT
Jul 8 2020 // The Independent Insurance Agents of Texas (IIAT) has named Russell Luttrell of Benton-Luttrell Insurance in Van Alstyne as the André P. Juneau ELITExan of the Year. Luttrell was presented with the award during...
Allstate to Buy National General for $4 Billion, Growing Auto, Independent Agent Business
Jul 8 2020 // U.S. Insurer Allstate Corp. said on Tuesday it will buy National General Holdings Corp. for about $4 billion in cash, scaling up its auto insurance business at a time when the coronavirus has crushed traffic on roads and...
Lloyd’s Market Assn. Launches Delegated Authority Group to Set Future Business Model
Jul 8 2020 // The Lloyd’s Market Association (LMA) has launched a Delegated Authority Committee (DAC) to inform and guide the evolution of this important aspect of Lloyd’s underwriting, distribution and claims. Delegated...
Beazley Launches Booking System for Virtual Broker Meetings in New Business Reality
Jul 7 2020 // Specialist insurer Beazley has launched an online booking system to make it easier and quicker for brokers to arrange virtual appointments and share relevant documentation securely with underwritrs. Built in collaboration...
Customer Reassurance Part of Job for Minnesota Agent in Aftermath of Riots
Jul 6 2020 // Dan Gutlovics did a lot of virtual hand holding during the first days of the violent protests in Minneapolis and St. Paul following the death of George Floyd while in the custody of Minneapolis police on May 25. Gutlovics,...
The Next Wave of COVID: Agency E&O?
Jul 6 2020 // As many states keep watch for the “next wave” of COVID-19 infections, the insurance industry is keeping watch for the “next wave” of potential claims that could be directed at independent agents. In...
Collateral Damage: How Cyber Security Affects Agencies
Jul 6 2020 // As we reach the midpoint of a trying year, it might be time to take a quick breather. From a cyber liability perspective, however, the pressure on agents will ramp up considerably in the second half of the year....
Working From Home During the Pandemic
Jul 6 2020 // While millions of people in other industries have been laid off and furloughed since anti-contagion policies and business shutdowns began in March, most property/casualty insurance professionals have been able to keep...
Coverage Creativity
Jul 6 2020 // This morning, I wrote an article for the CPCU CLEW (Coverage, Litigators, Educators & Witnesses) Interest Group called “On Becoming an Insurance Coverage Nerd.” This afternoon, in this column, I get to...
Texas Independent Agents Name Stoffle Account Manager of the Year
Jul 2 2020 // The Independent Insurance Agents of Texas (IIAT) has named Karla Stoffle of Upshaw Insurance in Amarillo as Account Manager of the Year. The Account Manager of the Year award is given annually to an account manager in...
Exclusive Coronavirus Survey: P/C Insurance Return to ‘Normal’ Office May Take Time
Jul 1 2020 // Many property/casualty insurance professionals, most of whom have been working at home during the pandemic, may need some convincing not only to return to an office anytime soon but also to engage in typical business...
Austin’s AgencyKPI Secures $5M in Funding from Insurance Industry
Jun 30 2020 // AgencyKPI, which has developed a business intelligence platform designed to address and manage the abundance of data produced by multiple software programs and legacy systems across the insurance industry, has closed on $5...
Aon Reverses Salary Cuts Implemented in May for Most Employees
Jun 30 2020 // Aon will end the salary cuts implemented in May as a response to the economic uncertainties caused by the COVID-19 pandemic. Effective July 1, Aon will end the salary cuts and repay colleagues for the lower pay, although a...
Safeco, Heritage Agree to Offer Renewals to AIG’s Upper Middle Market Clients
Jun 30 2020 // American International Group (AIG) announced it has entered into an agreement with Safeco Insurance, a Liberty Mutual subsidiary, and Heritage Insurance Holdings to offer AIG Private Client Group’s (PCG) agents the...
New York Insurance Broker Arrested, Charged in $1M Fraud Scheme
Jun 30 2020 // A New York state insurance broker has been arrested and charged with wire fraud, attempted wire fraud and aggravated identity theft and is facing a maximum penalty of 20 years in prison. U.S. Attorney James P. Kennedy Jr....
Starting July 2, Michigan Drivers Will Have New Insurance Choices
Jun 29 2020 // Michigan drivers who renew or buy car insurance face a choice starting July 2: stick with unlimited medical coverage, go with less or — for seniors with Medicare — opt out entirely. The decision, a signature feature of...
The Liberty Company Insurance Brokers Adds Mehta in California
Jun 29 2020 // The Liberty Company Insurance Brokers has named Sanjay Mehta senior vice president. Mehta works out of the Irvine, Calif., office. He has more than 20 years of experience in the industry and was most recently at McGriff...
Top Agencies: Deadline Approaching to Submit for 2020 Ranking
Jun 26 2020 // Is your agency a top property/casualty independent agency? Find out by submitting your agency for the 2020 Insurance Journal Top 100 Property/Casualty Agencies Listing. Each year, Insurance Journal searches for the...
TexCap’s Brown Named Chair-Elect of Texas Independent Insurance Agents Group
Jun 26 2020 // The Independent Insurance Agents of Texas (IIAT) has installed Gaylon Brown of TexCap Insurance in Dallas as the group’s chair-elect for 2020-2021. Brown was named to the post during IIAT’s annual business...
