Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
U.S. Risk Announces Acquisition of L.A. Xcess Insurance Brokers, Inc.
Mar 2 2018 // Dallas, TX, March 2, 2018—U.S. Risk Insurance Group, LLC, the nation’s fifth largest Property and Casualty wholesaler, announced today that it has acquired L.A. Xcess Insurance Brokers, Inc., a Los Angeles,...
Agent and Carrier Strategies and the Future of Cyber Insurance
Mar 2 2018 // More than 20 years ago, Steven Haase wrote the first cyber insurance policy. Haase told Insurance Journal the story of how that first policy came about in the first part of this report, What Agent Who Wrote First Cyber...
What Agent Who Wrote First Cyber Policy Thinks About Cyber Insurance Now
Mar 1 2018 // It was more than 20 years ago. The Internet as it is known today was in its infancy. Steven Haase was with an insurance agency in Atlanta focused on insuring technology companies. “Around 1995, I saw the...
JLT Acquires U.S. Trade Credit and Political Risk Broker IRC
Feb 28 2018 // Global broker Jardine Lloyd Thompson Group (JLT) has acquired International Risk Consultants (IRC), a U.S. broker specializing in specialist trade credit and political risk insurance. Based in Columbus, Ohio, and operating...
Broker Lockton Joins Chubb, MetLife in Withdrawing from NRA Insurance Programs
Feb 27 2018 // Insurance broker Lockton is ending its participation in an insurance program for members of the National Rifle Association, joining MetLife, United Airlines and other companies that have been canceling their business...
XINSURANCE.com Announces a New Approach to Insurance Strategy
Feb 26 2018 // Chicago, IL, February 26, 2018– XINSURANCE.com announces its unique “ALL-IN-ONE” INSURANCE POLICY. This new customized “ALL-IN-ONE” policy is the first of its kind. It provides an innovative...
Former Nationwide Agent in Mississippi Gets 10 Years for Embezzling $117K
Feb 26 2018 // A former Mississippi insurance agent will serve 10 years in prison for embezzling $117,863.74 from a customer and converting the money for his own use, Mississippi Attorney General Jim Hood announced last month. Charles...
Texas’ Combined Agents of America Adds 3 New Agencies
Feb 23 2018 // Austin, Texas-based Combined Agents of America LLC, has added three new partner agencies to its network. The latest additions are: Patterson & Associates Insurance in Richardson, Texas; NP Dodge Insurance in Omaha,...
Former Swett Exec Vogle Joins Worldwide Facilities as SVP in Atlanta
Feb 23 2018 // National wholesale insurance brokerage and managing general agent Worldwide Facilities has added George Vogle to its Atlanta office as a senior vice president specializing in professional liability. Vogle began his career...
How Insurance Agencies Fared in Q4
Feb 22 2018 // Insurance agencies and brokerage firms ended 2017 with gains in organic growth and profitability in the fourth quarter. The 175 midsize and large agencies and brokerages participating in Reagan Consulting’s Organic...
Risk Strategies Acquires New York City’s Prosurance Redeker Group
Feb 22 2018 // Risk Strategies, a Boston, Mass.-headquartered, privately held national insurance brokerage and risk management firm, has acquired New York City-based Prosurance Redeker Group LTD., a specialty brokerage serving architects...
Personal Insurance Site Gabi Raises $9.5 Million; Now Selling in 6 States
Feb 21 2018 // San Francisco-based personal insurance shopping site Gabi has raised $9.5 million in Series A funding, led by Canvas Ventures. Also joining the round are Correlation Ventures, Northwestern Mutual Future Ventures, Securian...
Atlas General Insurance Services Expands Property Capabilities with Increased Limits and Capacity
Feb 21 2018 // San Diego, CA, February 21, 2018 – Atlas General Insurance Services, LLC (‘Atlas’), a national multi-line program administrator, announced today the continued expansion of their Property capabilities with...
The Hartford to Acquire Foremost’s Commercial Lines Business
Feb 19 2018 // The Hartford has agreed to acquire Foremost Insurance branded small commercial lines business from Farmers. The Hartford is acquiring the renewal rights on $200 million in small commercial lines premium sold through about...
Satisfied Independent Agents Are Growth Engines for P/C Carriers: J.D. Power
Feb 19 2018 // Despite the growth of both technology-based and direct-to-customer sales channels in the property/casualty (P/C) insurance industry, independent agents still control the lion’s share of P/C premiums and represent a...
Insurance Journal’s Agency Salary Survey
Feb 19 2018 // Total compensation for insurance agency management, owners, principals and support staff were up in 2017, while total comp for producers declined just slightly over the year before. That’s according to the 2018...
Why Agencies Need Creativity in Hiring Now More Than Ever
Feb 19 2018 // As the economy continues to improve, insurance agencies are finding that hiring and retaining qualified employees, which is never easy, has become even more of a challenge. It’s become tougher even though salaries at...
People
Feb 19 2018 // Wholesale insurance broker and program manager, Midlands Management Corp., has added insurance professional Lori Covey to its team in Dallas. A 25-year veteran of the industry, Covey started her career on the retail side...
Ohio Collects more than $20M in Past Due Taxes from Insurance Agents
Feb 19 2018 // A state of Ohio program established to collect past due taxes from insurance agents has surpassed the $20 million threshold, Ohio Department of Insurance Director Jillian Froment announced. The vast majority of the nearly...
Former Texas Agent Gets Life Sentence for Insurance Scam
Feb 16 2018 // A former Lubbock, Texas, insurance agent has been sentenced to life in prison and ordered to pay back $810,000 to his victims, the Texas Department of Insurance (TDI) reported. Officers with the Texas Department of...
