Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
High Hopes, Higher Hurdles for Pro-Cannabis SAFE Banking Act
Oct 3 2019 // Regardless of the odds facing a bill designed to enable regular banking and financial services for cannabis business, some experts are encouraged by passage through the House of something that would greatly benefit the...
Mercury Paying $41M in Decades-Long Court Battle With California Insurance Department
Oct 2 2019 // Mercury Insurance Co. has agreed to pay more than $41 million to end a two-decade long battle with the California Department of Insurance battle over the Los Angeles-based carrier improperly tacking fees onto auto...
Stoutenburgh Joins EPIC Insurance Brokers in Dallas
Oct 2 2019 // EPIC Insurance Brokers and Consultants has added Pam Stoutenburgh as a principal in the firm’s property/casualty operations. She is based in Dallas. Stoutenburgh reports to EPIC Managing Principal and Director of the...
Former California Insurance Agent Arrested for Grand Theft
Sep 30 2019 // Ex-insurance agent Yolanda De La Torre, 35, of Whittier, Calif., was arrested on Friday on one felony count of grand theft and one felony count of identity theft after allegedly collecting over $13,000 in insurance...
Wholesale Broker H.W. Kaufman Buys U.K. MGA and Cyber Specialist Node International
Sep 30 2019 // H.W. Kaufman Group, the Farmington Hills, Mich.-based wholesale broker and managing general agent, announced the acquisition of Node International, a U.K. managing general agent that specializes in cyber risk and...
Idaho Insurance Agent Loses License for Failure to Handle Premiums
Sep 26 2019 // The Idaho Department of Insurance has revoked the license of Desiree A. Jachetta for violations of the Idaho Insurance Code. Jachetta, a resident of Priest River, reported failed to appropriately handle clients’...
Insurance Broker Acrisure Plans Michigan Expansion in Grand Rapids
Sep 26 2019 // Michigan Economic Development Corp. announced that Caledonia-based insurance broker Acrisure plans to invest $33 million in Grand Rapids to expand its future world headquarters in the western Michigan city. The project...
Massachusetts’ XS Brokers Announces New Executive Leadership Structure
Sep 25 2019 // XS Brokers (XSB), an independent insurance underwriting and wholesale brokerage group, has announced a new executive leadership structure. Eric Wirkus has been promoted to president, effective immediately. XSB Former...
Broker Clements Worldwide Buys Dutch Financial Services Broker, The Financials
Sep 25 2019 // Clements Worldwide, a Washington, D.C.-based insurance broker for individuals and organizations who work across international borders, announced the acquisition of The Financials for an undisclosed amount. Amsterdam-based...
1 Simple Step to Lose Customers if That’s What You Want
Sep 25 2019 // There’s something wrong with the insurance buying process. That’s not really accurate. There’s a lot wrong with the insurance buying process. Specifically, the process of getting personal auto insurance...
Travelers Gives Agents Aerial Property Damage Viewer to Expedite Disaster Claims
Sep 24 2019 // Property/casualty insurer Travelers is now providing its insurance agents and brokers with before-and-after photos of areas affected by disasters. The Travelers Catastrophe Map Viewer provides access to searchable,...
Lloyd’s Culture Survey Reveals ‘Ugly’ Levels of Sexual Harassment
Sep 24 2019 // Lloyd’s announced the results of its culture survey, which was commissioned in March in the wake of press reports of rampant sexual harassment in the market. The survey confirms that many women are enduring a toxic...
Excess & Surplus Market Soars as Standard Carriers, Lloyd’s Drop Accounts
Sep 24 2019 // 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 excess and surplus lines sector is enjoying its...
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...
