Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Worldwide Facilities Taps Holden as SVP, Property Broker in Atlanta
Mar 22 2019 // Worldwide Facilities has added Shane Holden to its Atlanta team as senior vice president/Property broker. Holden brings 25 years of insurance and risk management experience to his position at Worldwide Facilities. With...
EPIC Insurance Brokers Adds Wells and Pitzer in Dallas
Mar 21 2019 // California-based EPIC Insurance Brokers and Consultants has hired JoBeth Wells in Dallas as a principal in its property/casualty operations. EPIC also added Stephanie Pitzer in the Dallas property/casualty group as client...
AmWINS Announces New Hires, Promotions Across Country
Mar 21 2019 // Wholesale specialty insurance broker AmWINS Group Inc. has announced new hires and promotions to its Specialty Logistics and AmWINS Access Personal Lines and Commercial teams, as well as several new branch leaders. Herman...
Conservation, CarFax-Like Disclosure, Means-Test in Mix of Flood Insurance Reforms
Mar 21 2019 // The federal flood insurance program has a knack for inspiring ideas from reformers across the political spectrum on how to improve government. If some of today’s reformers get their way, flood insurance will become a...
FMH Insurance Collaborates With Start-Up FindBob to Offer Agents Perpetuation Tool
Mar 20 2019 // Farmers Mutual Hail Insurance Co. of Iowa (FMH) has a new web-based tool designed to help FMH insurance agencies identify growth opportunities. The new tool, called FMH Bridge, was developed in collaboration with FindBob,...
Florida Insurance Agent Arrested in $16K Commission Fraud Scheme
Mar 20 2019 // A licensed insurance agent out of Orlando, Fla., was arrested this month for allegedly submitting fraudulent insurance applications to multiple carriers, according to a statement from Florida CFO Jimmy Patronis. Sheila De...
Brightway Insurance Independent Agent Program Kicks Off in 6 States
Mar 20 2019 // Brightway Insurance has kicked off its new Independent Agent Program with its first group of seven new Independent Agent Owners. Brightway Insurance, a national property/casualty insurance retailer selling through a...
Insurance Industry Has Major Impact on Illinois’ Economy, Study Shows
Mar 19 2019 // A new study shows that Illinois insurance companies, agents and brokers continue to fuel the economy with quality jobs, revenue and investments, the study’s sponsors say. The recently released study was conducted by...
Former Mass. Agents’ Group CEO Mancini Partners with Renaissance Alliance
Mar 19 2019 // Francis A. Mancini, former president and CEO of the Massachusetts Association of Insurance Agents (MAIA), has partnered with Renaissance Alliance Insurance Services LLC (RAIS) working on new business development and...
Commentary: How Florida AOB Crisis Is Impacting State’s Independent Agents
Mar 19 2019 // Florida’s “one-way attorney fee” statute enacted to protect Florida policyholders from large insurance companies has instead spawned a huge industry of assignment of benefits (AOB) predators who take...
People
Mar 18 2019 // National Nashville-based auto insurer The General has appointed veteran insurance executive Tony DeSantis to president and CEO, joining Chief Operating Officer Steve Tjugum as the company’s top leaders. Elicia Azali...
Pay for Performance
Mar 18 2019 // Why Agencies Should Rethink Compensation The single largest expense in an insurance agency is compensation. Salaries, commissions, payroll taxes and benefits usually total between 50 percent to 75 percent of revenue, with...
Serving Up The Right Coverage
Mar 18 2019 // It’s a good time to be in the restaurant industry. Restaurant sales in 2018 were projected to reach $825 billion — a 3.1 percent increase over 2017, according to the National Restaurant Association (NRA)....
How Workers’ Comp Brokers Can Increase Commissions by 81%
Mar 18 2019 // Workers’ compensation brokers frequently overlook a risk-free method to nearly double their commissions while improving their client’s overall financial position. The use of a captive insurance company to...
Progressive Looks to Lead the Pack of Multiline Insurers
Mar 18 2019 // With much of the property/casualty insurance industry’s attention focused on external threats from insurtechs and digital native companies, perhaps the greatest disruption is coming from within. Following the past...
New Forms, Rate Hikes Likely in 2019 Texas Homeowners Insurance Market
Mar 15 2019 // Texas independent insurance agents might want to warn their homeowner insurance customers that premium hikes and/or increases in deductibles could be on the horizon this year. Homeowners insurers have been filing for rate...
Report: North Carolina Agencies Pay Millions in Insurance, Tax Funds to Quell Lawsuits
Mar 15 2019 // In June 2005, a 63-year-old woman was thrown from a tram at the North Carolina Zoo in Asheboro. The vehicle tipped over onto her, seriously injuring her shoulder and requiring years of treatment. The state paid out $85,000...
Insurtech Corvus Launches Smart Cyber Excess Insurance with $10M Limit
Mar 14 2019 // Boston-based insurtech company Corvus Insurance has expanded its underwriting appetite for its Smart Cyber Insurance product lines with the launch of an excess cyber insurance policy designed to give brokers the ability to...
North Carolina Insurance Fraud Round-Up: January, February
Mar 13 2019 // The North Carolina Department of Insurance announced multiple fraud enforcement actions during the first two months of 2019. Insurance fraud costs American consumers approximately $80 billion dollars a year. According to...
Rhode Island’s Starkweather & Shepley Insurance Brokerage Hires Hornsey
Mar 12 2019 // Starkweather & Shepley Insurance Brokerage Inc. (S&S) has hired Shikha Hornsey as chief information officer based in East Providence, R.I. Hornsey will be responsible for formulating organizational growth through...
