Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Washington Commissioner Fined Carriers, Producers and Others $724K in June
Jul 25 2019 // Washington Insurance Commissioner Mike Kreidler disciplined and issued fines in July totaling $724,000 against insurance companies, agents and brokers and others who violated state insurance regulations. Following are the...
Canada’s Navacord Joins Brokerslink Global Network
Jul 24 2019 // Navacord, the Ontario-based commercial broker, has joined global broking business Brokerslink as the network’s latest affiliate in the North American region. Navacord, which trades under 15 different broker partner...
Insurance Agency Mergers Hit Near-Record in First Half 2019
Jul 24 2019 // There were 328 announced U.S. and Canadian insurance agency mergers and acquisitions during the first half of 2019, the second-highest six-month total, trailing only the first half of 2017 when 333 transactions were...
Last Minute Insurance Shopping Woes
Jul 24 2019 // People leave things to the last minute. In college, the papers got written at the last minute. On Monday, people get up at the last minute. Insurance buying happens at the last minute. I believe that’s one of the...
Surety Specialists Feighl, Hohlt Join EPIC in Houston
Jul 24 2019 // San Francisco-based EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, has added Eric Feighl and John Hohlt in its Houston office. Feighl has joined...
Insurer Innovation Comes Under the Rating Agency Microscope
Jul 22 2019 // Underway for some time now, the disruption of the insurance industry has moved into a new phase, following the announcement by A.M. Best that it may soon begin scoring insurers’ innovation efforts. Journalist Russ...
Big ‘I’ Agents’ Group Names NAIC’s Eilers-Bowser to Capitol Hill Team
Jul 22 2019 // Heather Eilers-Bowser recently joined the Independent Insurance Agents & Brokers of America ( Big “I”) Capitol Hill team as federal government affairs counsel. Her role will include federal legislative and...
Charles Schwab Eyes Purchase of USAA Wealth Management, Brokerage Units: WSJ
Jul 18 2019 // Charles Schwab Corp. is in talks to buy brokerage and wealth-management operations from USAA for about $2 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter. The deal, which could...
Florida Gets Ready for Peak Hurricane Season After 3 Years of Major Storms
Jul 17 2019 // Floridians are on alert as the state heads into peak hurricane season after three straight years of being impacted by major storms. Meanwhile, the Florida Panhandle continues its recovery from Hurricane Michael that...
J.M. Wilson Adds Lewton, Arens in Indiana
Jul 16 2019 // Managing general agency and surplus lines broker, J.M. Wilson, has added Matt Lewton as transportation underwriter and Tyler Arens as assistant transportation underwriter in its Carmel, Indiana, office. Lewton is...
3 New African Affiliates Join Brokerslink Global Network
Jul 15 2019 // Global insurance broking business Brokerslink announced three new African affiliates have joined its global broker network bringing its presence across the Middle East and Africa region to 36 countries. The new affiliates...
EC3 Brokers Expands in U.S., Adding Norris, Holley in Dallas
Jul 15 2019 // EC3 Brokers US has expanded with the appointments of James Norris as chief actuary and Terry Holley as senior vice president. Norris and Holley are based in Dallas. They will report to Chris Hilton, president of EC3...
Miami Insurance Agent Arrested in $1.7M Fraud Scheme
Jul 15 2019 // A former Miami insurance agent has been arrested for allegedly stealing more than $1.7 million in insurance premiums from two insurance premium finance companies, according a statement from Florida CFO Jimmy...
Georgia Court: Insurer Can’t Deny Coverage Despite Misinformation on Application
Jul 15 2019 // An insurer that extended its workers’ compensation coverage for 90 days after discovering the employer had violated the terms of its policy could not then deny coverage for a claim on the grounds that those terms had...
What Is Your Agency’s Sales Strategy?
Jul 15 2019 // Sales are the lifeblood of any business. So, one would think that each company will have a well-thought-out sales strategy. The reality is that most insurance agencies have, at best, a general outline of a sales strategy....
The Potential of Artificial Intelligence
Jul 15 2019 // In a viral State Farm commercial, Oscar Nunez, playing the role of a friendly, helpful insurance agent, disparages any insurance company that utilizes artificial intelligence in support of customer service...
At NCOIL, Anti-Rebating Debate Ponders Fitbits and Free Turkeys
Jul 13 2019 // Is a free turkey a rebate? That was the question from Idaho Insurance Director Dean Cameron that stumped the experts. One of the more interesting debates of the National Council of Insurance Legislators’ summer...
New York-Based Broker NFP Buys Toronto’s McLean Hallmark Insurance Group
Jul 12 2019 // New York City-based insurance broker and consultant NFP announced it has acquired Canadian broker McLean Hallmark Insurance Group Ltd. Financial details of the transaction, which closed on July 2, were not disclosed. Based...
California Regulators Seek to Curb Misinformation About Earthquake Insurance
Jul 12 2019 // The recent earthquakes that pummeled neighborhoods in Ridgecrest and Trona in Southern California have led to reports that some insurers and agents may be declining to write earthquake policies in various areas of the...
Georgia Makes 49 Insurance Fraud Arrests in First Half of 2019
Jul 11 2019 // Agents from the Georgia Department of Insurance Fraud Investigations Division made 49 arrests in the first half of 2019 and are set to pass the total number of arrests from last year (60) in just the third calendar...
