Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Element Risk Management Acquires Three Insurance Agencies in Virginia, Pennsylvania
Nov 8 2019 // Element Risk Management has acquired three new insurance agencies in Virginia and Pennsylvania. Barnes & Phillips Insurance & Financial Services of Woodstock, Va., Crawford Insurance Company of Strasburg, Va., and...
Kaufman Group, Burns & Wilcox Promote 23 Associates Including D’Antoni
Nov 8 2019 // Global insurance services firm H.W. Kaufman Group and its subsidiary Burns & Wilcox, a North American wholesale insurance broker and underwriting manager, have announced numerous leadership promotions. Twenty-three...
Ex-Tennessee Agent Indicted On More Than 70 Charges, Accused of Premium Theft
Nov 8 2019 // A former insurance agent, political campaign treasurer and Tennessee Republican Party committeewoman, is accused of stealing from her father’s campaign and pocketing insurance money from policyholders who used her...
Going Public: BRP CEO Baldwin On the Company’s IPO, What’s Next
Nov 6 2019 // Florida-based broker Baldwin Risk Partners (BRP) has come a long way since it was formed less than 10 years ago. The company has grown exponentially both through acquisitions and expansion and it is now beginning a new...
Risk Strategies Appoints Powers to Lead Eastern U.S. Employee Benefits Practice
Nov 5 2019 // Risk Strategies, a privately held, Boston, Mass.-headquartered insurance brokerage and risk management firm, has appointed Chris Powers to lead its employee benefits practice for the Eastern U.S. Previously, Powers oversaw...
Broker BMS Taps Willis Re’s Irvan as Chief Property Officer, U.S. Reinsurance
Nov 4 2019 // BMS Group, the London-based specialist re/insurance broker, announced the appointment of Jeff Irvan as chief property officer, U.S. reinsurance, reporting to BMS U.S. Reinsurance President Pete Chandler. The appointment is...
Agency E&O: Risk Rises Along with Rates, Cats and Customer Switching
Nov 4 2019 // Agency errors and omissions (E&O) coverage is likely the most important insurance policy an agency purchases. As customer demands rise to an all-time high, having the right E&O coverage and ensuring best practices...
California Agent Arrested for Allegedly Stealing $148K, Leaving Clie…
Nov 4 2019 // Insurance agent Stephen Mark Gomez, 64, of Lake View Terrace, Calif., was arraigned last month on eight felony counts of grand theft and embezzlement after allegedly collecting over $148,000 in insurance premium payments...
Washington Insurance Commissioner Issued Numerous Fines, Disciplinary Actions
Nov 1 2019 // Washington Insurance Commissioner Mike Kreidler took disciplinary action in July, August and September against insurance companies, agents and brokers for violating state insurance regulations. A summary of cases of...
States Eye Private Flood Insurance Model Law Industry Thinks Is Unnecessary
Oct 31 2019 // An organization of state lawmakers is moving ahead toward adoption of a “model law” designed to encourage the sale of private flood insurance, even though insurers don’t think any new state laws are...
Liberty Company Brokers Announces New Affiliate in Atlanta
Oct 31 2019 // The Liberty Company Insurance Brokers has announced a new affiliate relationship with Resurgens Risk Management (RRM) of Atlanta, Ga. Established in 1999 by Willie Burks, RRM is a full-service brokerage and consulting firm...
How Specialty Carriers Approach Product Innovation: Research, Repeat and Reuse
Oct 30 2019 // “The industry really does look to specialty writers to be at the forefront of innovation,” says Gail McGiffin. Specialty insurance carriers have a unique “toolset” that helps them grow through...
Blending Generations: Why Millennials, and the Industry, Must Bridge the Gap
Oct 30 2019 // Workplaces everywhere are becoming more flexible. People now work irregular hours, work from home, work out of state and even across oceans. This phenomenon is no surprise given the influx of new technology. The large...
Broker Aon to Move Jurisdiction of Incorporation to Ireland Due to Brexit
Oct 29 2019 // Insurance broker Aon plans to move its parent company’s jurisdiction of incorporation to Ireland from Britain due to Brexit, it said in a statement on Tuesday. New York-listed Aon will keep its operational...
Iowa Revokes License of Arizona Insurance Agent Over Annuity Fraud Scheme
Oct 28 2019 // An Arizona insurance agent has lost his Iowa insurance license and is barred for reapplying for 10 years after the Iowa Insurance Division found he fleeced elderly Iowa residents. The division said in a news release that...
California Agent Arrested for Allegedly Stealing $148K, Leaving Client Uninsured
Oct 28 2019 // Insurance agent Stephen Mark Gomez, 64, of Lake View Terrace, Calif., was arraigned last week on eight felony counts of grand theft and embezzlement after allegedly collecting over $148,000 in insurance premium payments...
Broker Gallagher Loses $12.8M Poaching Lawsuit in London Against Ardonagh
Oct 25 2019 // Insurance broker Arthur J. Gallagher Group lost a 10 million-pound ($12.8 million) lawsuit against rival Ardonagh Group Ltd. in a case highlighted by racially charged comments that put a spotlight on the cutthroat world of...
Arthur J. Gallagher Finalizes Purchase of Stake in India Broker Edelweiss
Oct 25 2019 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it has completed the purchase of a minority stake in Edelweiss Insurance Brokers Ltd. (EIBL), a subsidiary of India’s leading...
Brokerslink Network Appoints Ghazaleh as Middle East Regional Manager
Oct 24 2019 // Global broking business Brokerslink announced the appointment of Osama Abu Ghazaleh as Middle East regional manager. The region now has a dedicated representative committed to promoting the growth and development of its...
Insurance Agency BRP Group’s IPO Starts Today at $14 a Share
Oct 24 2019 // Independent insurance distribution firm BRP Group Inc. could raise as much as $300 million in its initial public offering (IPO) of 16.4 million shares of its Class A common stock priced to the public at $14 per share. The...
