Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
The Liberty Company Insurance Brokers Partners with Northern California-based M.B. McGowan & Associates Insurance Agency
Sep 24 2019 // Los Angeles, CA, September 24th, 2019 — The Liberty Company Insurance Brokers announced today a partnership with M.B. McGowan & Associates of Novato, CA. M.B. McGowan & Associates is an independent insurance...
Arthur J. Gallagher & Co. Acquires Pennsylvania’s Allied Insurance Brokers
Sep 23 2019 // Arthur J. Gallagher & Co. has acquired Pittsburgh, Penn.-based Allied Insurance Brokers and its subsidiary, Ascinsure Specialty Risk. Terms of the transaction were not disclosed. Founded in 1982, Allied Insurance...
Commercial Lines Insurtech Bold Penguin Raises $32 Million in Latest Round
Sep 23 2019 // Bold Penguin, a Columbus Ohio commercial insurance technology provider, said it has completed a $32 million Series B funding round, bringing the total capital it has raised to more than $50 million since it started in...
Insurance Broker Burns & Wilcox Expands, Relocates in Chicago
Sep 19 2019 // Wholesale insurance broker and underwriting manager, Burns & Wilcox, has relocated and expanded its office in downtown Chicago. The new office, which houses Burns & Wilcox and Burns & Wilcox Brokerage, is...
Agencies Form Venture to Accelerate, Invest in Insurtech Startups for Agents, Brokers
Sep 19 2019 // Six insurance agencies from across the country have joined together to form a program specifically for investors and innovators behind technology innovations for insurance agencies and brokerages. The new entity,...
Idaho Insurance Agent Fined $46K for Submitting Unauthorized Applications
Sep 19 2019 // The Idaho Department of Insurance revoked the insurance producer license of Bryce Joseph Vance for violations of the Idaho Insurance Code and imposed an administrative penalty of $46,000. Vance was charged and admitted to...
Nationwide’s Digital Storefront Targets Small Business Market
Sep 19 2019 // Nationwide said it has formally launched a commercial insurance digital storefront targeted to small businesses. Small business owners will be able to use the site online directly to generate a quote and bind a policy, or...
Breckenridge Insurance Services Continues to Expand With the Hiring of Aaron Patterson as Vice President, Broker
Sep 18 2019 // Atlanta, GA, September 18, 2019 — Breckenridge Insurance Services is pleased to announce the hiring of Aaron Patterson, vice president, broker. Patterson brings a well-rounded commercial insurance sales and underwriting...
BNP Broker Wins Sex Discrimination Lawsuit, Highlighting Unequal Pay, Laddish Culture
Sep 18 2019 // A broker at BNP Paribas SA who complained about being paid less than male colleagues won her employment suit after a London judge ruled that she suffered sexual discrimination. Stacey Macken, a prime brokerage product...
Southern Fidelity Insurance Recruiting New Agents in Mississippi
Sep 18 2019 // Southern Fidelity Insurance Company, a regional insurance company serving consumers throughout the Southeast, is looking to recruit local agents in Mississippi after expanding into the state in July. The company, which has...
Liberty Company Insurance Brokers in California Names Lalsa Chief Financial Officer
Sep 17 2019 // The Liberty Company Insurance Brokers in Woodland Hills, Calif., has named Megvarran Lalsa chief financial officer. Megvarran has 20 years of experience in accounting and finance. Megvarran previously worked at Venbrook...
Smart Insurance Forms Platform Broker Buddha Raises $4.5 Million
Sep 17 2019 // Broker Buddha, a company that simplifies the commercial insurance application and renewal process, announced a $4.5 million funding round led by Vertex Ventures. Broker Buddha’s technology converts PDF insurance...
Chicago Brokerage, Phillip Capital, to Pay $1.5M for Cyber Attack Lapses
Sep 16 2019 // The U.S. Commodities Futures Trading Commission (CFTC) said that a Chicago-based futures brokerage will pay a total of $1.5 million for letting cyber criminals breach the firm’s email systems and withdraw $1 million...
Reed Named Team Leader – Brokerage and Binding at Midlands Management
Sep 16 2019 // Midlands Management Corp. has appointed Jennie Reed to the expanded role of Brokerage and Binding Unit team leader in Dallas. With more than 20 years in the industry, Reed began her career as a commercial account manager...
Electronic Marketplace AkinovA Donates Data Assets to ACORD for Industry Standards
Sep 16 2019 // AkinovA, the independent electronic marketplace for the transfer and trading of re/insurance risk, has donated key insurance linked security (ILS) data assets to ACORD, the global standards-setting body for the...
Louisiana Commissioner Candidate, Temple, Says State Is in Insurance ‘Crisis’
Sep 16 2019 // When Louisiana voters go the polls this fall, in the race for insurance commissioner they’ll have a choice between Louisiana businessman and longtime insurance industry executive, Tim Temple, and current...
The Missing Value Proposition of High Quality Agents
Sep 16 2019 // I was having dinner with a close friend who is retired, has no debt and has decent wealth. He asked me why I think he needs insurance. He was wondering if insurance at this stage of his life was a waste. My heart sank....
Going Digital and Building Relationships
Sep 16 2019 // Every agent I’ve met in the past decade understands the need to adapt in some way to the digital marketplace — a better-looking website, a more effective email marketing program or adding a mobile app. When the...
Resolving Claim Disputes: Step 3 Research and Document the Interpretation – Part 1 of 3
Sep 16 2019 // This article introduces a three-part series covering over a dozen largely legal and contractual principles, many of which are used by attorneys to resolve contract disputes. Most of them can also be used by agents and...
Today’s E&S Market Is an ‘Overwhelming’ Success
Sep 16 2019 // Business Is Gushing, Underwriters Trying to Keep Up Demand for surplus lines insurance rose dramatically in 2018 and is continuing to expand this year, so much so that some in the sector are feeling a bit overwhelmed. The...
