Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Industry Trends to Exploit for 2020
Jan 13 2020 // The insurance industry is so intertwined into the economy and society, that just about any noticeable change in either will have some impact for the insurance industry. That is why it is imperative for agency owners to...
How Technology Can Transform the Way Agencies Sell and Service Commercial Lines
Jan 13 2020 // Consumers are embracing digital purchasing habits, and that is creating new challenges for independent insurance agencies. At first these were only seen on the personal lines side of the business — in the forms of...
Southern California Insurance Agent Arrested for Allegedly Pocketing Premiums
Jan 13 2020 // California Department of Insurance detectives in early January arrested insurance agent Gelinda Phann Keo, 43, on one felony count of grand theft after she allegedly pocketed a client’s insurance payment. The CDI...
California Agent Sentenced for Stealing $174K in Premiums from Truck Drivers
Jan 10 2020 // Connie Free, 34, of Moreno Valley, Calif., was sentenced this week to 22 felony counts and one misdemeanor count including grand theft and forgery after reportedly stealing at least $174,000 in insurance premiums from 11...
California Commissioner Adds to Curriculum Board, CIGA Board
Jan 10 2020 // California Insurance Commissioner Ricardo Lara this week announced his appointments of the newest members to the Curriculum Board and the California Insurance Guarantee Association Board of Governors. The Curriculum Board...
Liberty Company Insurance Brokers in California Names Davis Claims Manager
Jan 10 2020 // Woodland Hills, Calif.-based the Liberty Company Insurance Brokers has named Kimaili Davis claims manager. Davis started his career with the National American Insurance Co. and has over 25 years of claims experience,...
Hub International Acquires Canada’s RHC Insurance Brokers
Jan 10 2020 // Chicago-based broker Hub International Ltd. announced it has acquired RHC Insurance Brokers Ltd. and RHC Insurance Brokers (Cranbrook) Ltd. Terms of the transaction were not disclosed. Headquartered in Nelson, British...
Fastcomp Creates ‘Workers’ Comp Insurance Exchange’ for Independent Agents
Jan 10 2020 // Fastcomp, a workers’ compensation technology platform based in Boston Heights, Ohio, has introduced a proprietary Multiple Quote Automation engine for monoline workers’ comp with independent agents in mind. The...
Coverys European Holdings Buys AEC SpA, Rome-Based Lloyd’s Coverholder, Broker
Jan 9 2020 // Coverys European Holdings Ltd. (CEH), the London-based agency platform that invests in managing general agencies (MGAs) in Europe and the U.K., announced it acquired AEC SpA, a Lloyd’s coverholder, broker, third...
Ex-Lexington Insurance Exec Heads New National Specialty Broker One80
Jan 8 2020 // One80 Intermediaries, a national wholesale insurance broker and program manager headquartered in Boston and built through acquisitions, officially launched Tuesday, offering placement and in-house binding services for...
Big I Education Director Boggs Takes on Expanded Role in Risk Management
Jan 8 2020 // Chris Boggs, executive director of education for the Independent Insurance Agents and Brokers of America (Big I), is adding risk management to his title and responsibilities. Boggs’s new role combines his current...
Rehabilitation of Florida Insurer Windhaven Deemed ‘Useless’; Judge Orders Liquidation
Jan 7 2020 // Plans to rehabilitate Florida auto insurer Windhaven Insurance Co. have been deemed “useless” and the company will instead be liquidated. In a Jan. 6 order, Leon County Court Judge Ronald W. Flury said the...
BGC Insurance’s Aerospace Broker Rebrands as ‘Piiq Risk’ with Spate of Key Hires
Jan 7 2020 // BGC Insurance Group (BGCI), a global broker and division of BGC Partners Inc., announced it has rebranded its global aerospace re/insurance brokerage as Piiq Risk Partners. Since the division was launched during the second...
Tysers (a.k.a. Integro) Completes Acquisition of Specialist Lloyd’s Broker RFIB
Jan 6 2020 // Integro Insurance Brokers Holdings Ltd., the parent of U.K.-based firm Integro Insurance Brokers Ltd., which trades under the Tysers brand, announced it has completed its acquisition of Risk Transfer Group (RTG), the...
New York’s Frenkel & Company Completes Transition to EPIC Brand
Jan 6 2020 // Edgewood Partners Insurance Center, which operates as EPIC Insurance Brokers and Consultants (EPIC), has announced that Frenkel & Company, a New York, N.Y.-headquartered, full-service independent insurance broker...
January 2020 Reinsurance Renewals Varied Significantly, Brokers Say
Jan 6 2020 // The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss record and client relationships, according to two reports published by...
Arthur J. Gallagher & Co. Acquires Minority Stake in Malaysia’s SP&G Insurance Brokers
Jan 6 2020 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it has purchased a minority stake in Malaysian broker SP&G Insurance Brokers Sdn Bhd. Terms of the transaction were not...
Insurance Market Shrinking as Senior Living Industry Grows
Jan 6 2020 // The senior population continues growing at a time when the insurance market for senior living operations is under strain and both trends are expected to continue. The population of Americans over age 80 will double, from 6...
Some Fire Agencies in Wisconsin Ditching Hazardous Firefighting Foam
Jan 3 2020 // Some Wisconsin fire departments have stopped using firefighting foam that contains a group of man-made chemicals that have been linked to increased cholesterol and cancer risk, among other health hazards. The Per- and...
CAA Expands in Colorado, Iowa with Addition of 5 New Members
Jan 3 2020 // Austin, Texas-based Combined Agents of America LLC (CAA) has kicked off 2020 with the addition of five new member agencies, bringing its total member count to 73. CAA is a privately held agency partner group comprised of...
