Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
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...
Georgia County Ransomware Attack Highlights Cyber Exposures to Local Agencies
Oct 23 2019 // On the first Saturday in March, computer screens at the 911 dispatch center in this small town went dark. Staff at the county jail around the same time could no longer open cell doors remotely with electronic controls, and...
California Insurance Agent Arrested for Identity Theft And Forgery
Oct 22 2019 // Insurance agent Richard Valdriz, 52, has been charged with thirteen felony counts including identity theft, forgery, and grand theft after an investigation by the California Department of Insurance reportedly found that he...
B3i’s Blockchain Re/Insurance Network Begins to Offer Real-Life Industry Solutions
Oct 22 2019 // The author Douglas Adams once said, “We are stuck with technology when what we really want is just stuff that works.” Many of us can relate, especially with new technology such as distributed ledger technology...
Financial, Legal Advisors Scamming Elderly Has Become Big Business
Oct 21 2019 // Terry Ann McIntosh’s financial nightmare began four years ago, soon after she hired a caregiver through a family services website. McIntosh, then 75 and in a wheelchair, had assumed that the young woman who...
New Simple Insurance Policies That Take Care of All Your Needs
Oct 21 2019 // Insurance policies are difficult to read and understand. Another name for an insurance policy is a “legal contract.” An insurance policy is a specific kind of legal contract. Without training and experience,...
Female Entrepreneur Forging Path in Insurtech Space with AI-Powered Chatbot ‘LeO’
Oct 21 2019 // Like many people, entrepreneur and former Israeli tech journalist turned insurtech founder Liri Halperin never expected she would end up in the insurance business. But an insurance buying experience almost four years ago...
How Risk Management is Transforming Risk in Commercial Property
Oct 21 2019 // Commercial property underwriters are adjusting to a market defined by rising catastrophe losses and dwindling profits. From increasing rates and higher deductibles to fewer classes of business and stricter underwriting,...
Agent Silos: It’s Not Just a Problem for Carriers
Oct 21 2019 // Among carriers, the silo model in which departments operate independently and do not easily collaborate on common goals is well-documented. Among agents, however, no matter the size, silos can create problems and...
