Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
NFP Buys Canada Political Risk and Trade Credit Broker, Indemnis Trade Risk Mgmt
Feb 11 2020 // NFP, the New York City-based insurance broker and consultant, announced the acquisition of Indemnis Trade Risk Management Ltd. Financial details of the transaction, which closed on Dec. 10, 2019, were not...
Maryland Cybersecurity Bill Would Set Defense Plan for Local Agencies
Feb 11 2020 // A new Maryland bill would ask the state’s Department of Information Technology to develop a baseline plan for localities within the state to help battle cyber attacks. Senate bill 120, introduced by Sen. Susan Lee,...
Allstate’s Growth Plan Includes Shift in Agent Commissions, Hike in Advertising
Feb 10 2020 // Allstate first disclosed its Transformative Growth Plan in December, an effort to overhaul how it does business, boost efficiency and reduce expenses. During the Illinois-based property/casualty insurer’s Q4 2019...
Take a ‘Deep Dive’ Into the Nonprofit Sector: Nonprofits Treading Water as Market Hardens
Feb 10 2020 // The task of insuring nonprofit organizations is a complex one and agents, brokers, underwriters and carrier representatives say that in order to fully serve those entities that serve our communities in myriad ways,...
20 Noteworthy Agency Merger Stories of 2019
Feb 10 2020 // 1. January Nationwide Acquires Liability Insurance Program Manager E-Risk Services: Nationwide acquired a New Jersey privately held program manager specializing in management liability lines. Nationwide said E-Risk will...
Insurance CEO Takes Fight for Nonprofit Coverage to Congress
Feb 10 2020 // Pamela Davis, president, founder and CEO for the Nonprofits Insurance Alliance (NIA), is on a mission to help nonprofits be successful at their mission by ensuring insurance is affordable and available. She started the...
Private Equity Still Driving Agency M&As
Feb 10 2020 // Digital Buys Getting Some Attention; Buyers Getting Bigger; Prices Going Higher; Eyes on Digital The private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory...
How Brokers Stay Relevant? Be Nimble With Your Value Props
Feb 10 2020 // Commercial brokers, the future is bright. As you contend with an increasingly automated, digitally-enhanced insurance industry, rest assured your expertise remains valuable for your clients. That is, if you can adapt to...
20 Things to Know About Surplus Lines Insurance in 2020
Feb 10 2020 // As we embark upon a new decade, the surplus lines insurance market has never been stronger. Growth in specialty products and demand for insurance protection in an increasingly dynamic, technological climate necessitates a...
Kansas AG: Insurance Agent Sentenced to 30 Months Probation for Fraud
Feb 7 2020 // A Smith Center, Kansas, insurance agent has been convicted of insurance fraud and related charges, and ordered to serve 36 months of probation, the Kansas Attorney General’s office reported. Trisha A. Wiehl, 40, was...
Insgroup Acquires Assets of Dallas Brokerage Harris F Underwood III
Feb 5 2020 // Houston, Texas-based insurance broker Insgroup Inc. (Insgroup), has acquired substantially all of the assets of the Harris F Underwood III Inc. (HFU) agency in Dallas. The deal between the two firms is effective as of Jan....
The Liberty Company Insurance Brokers of Florida Add Bobyack as Partner
Feb 4 2020 // The Liberty Company Insurance Brokers has added Rob Bobyack to the firm as a partner at its Moody Insurance Group office. Bobyack began his career in the insurance industry in 1997 as a workers’ compensation...
Breckenridge Insurance Services Promotes Emily Gosch to Vice President/Broker
Feb 4 2020 // Atlanta, GA, February 4, 2020 — Breckenridge Insurance Services is pleased to announce the promotion of Emily Gosch to vice president, property and casualty broker from associate broker. Gosch has been with the company...
Energy/Marine Insurance Broker Dimitry Joins Higginbotham in Houston
Feb 3 2020 // Ted Dimitry, a commercial property/casualty insurance broker specializing in the oil and gas industry for 23 years, has joined Higginbotham’s Houston office as its energy and marine practice leader. Dimitry brings...
Top 5 Trends in Changing Personal Umbrella Market That Agents Need to Know
Feb 3 2020 // The personal umbrella market had been steady for many years, with lots of choices available in the market when it came to finding the right coverage for customers. However, recent changes are turning the market upside down...
Selective Insurance Launches Agency Management Collegiate Competition
Feb 3 2020 // Teams of students from seven universities throughout the U.S. today begin a month-long collegiate competition in which they will run virtual insurance agencies in a computer-simulated environment. The competition, called...
Online Insurance Broker Policygenius Raises $100M From AXA, Others
Feb 3 2020 // Online insurance marketplace Policygenius raised $100 million in new financing. The company plans to use the money for hiring, to grow and to broaden the consumer financial protection products it will unveil in...
USG Insurance Hires Teague as Producer/Broker in Texas
Jan 31 2020 // USG Insurance Services Inc., a national wholesaler and MGA, has added Faryl Teague as producer/broker, commercial lines, to its Arlington, Texas, team. Teague joins the USG team with 11 years of underwriting and brokerage...
Integro Announces Beard Is Stepping Down as CEO of Specialist Broker RFIB
Jan 31 2020 // Integro Insurance Brokers Holdings Ltd., the parent of UK-based firm Risk Transfer Group (RTG), which trades under the RFIB brand, announced that Steven Beard, CEO of RFIB will be stepping down, effective immediately. On...
Former Washington Insurance Agent Charged in $2.8M Premium Finance Case
Jan 31 2020 // Edward J. Chadwick, of Yakima, Wash., was charged this week with first-degree theft in Spokane County Superior Court. Chadwick was an insurance producer and owned an insurance agency called Kelt, primarily selling...
