Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Alera Group Acquires Illinois Professional Liability Broker, Flagship Healthcare
Nov 14 2017 // Deerfield, Illinois-based Alera Group, a national employee benefits, property and casualty, risk management and wealth management firm, has acquired Flagship Healthcare, a physician-owned insurance brokerage specializing...
NIF Group Acquires Connecticut’s Agency Intermediaries and Massachusetts’ A.I.I.
Nov 14 2017 // NIF Group Inc. (NIF), a wholesale broker, program administrator and managing general agency, and its parent company JenCap Holdings LLC (JCH) have agreed to acquire privately held Agency Intermediaries Inc. and A.I.I....
Hub to Buy Wells Fargo Crop Insurance Broker Business
Nov 9 2017 // Global insurance broker Hub International Limited (Hub) has agreed to acquire the assets of the crop insurance broker business of Wells Fargo Insurance. Terms of the agreement to buy the business, known as Wells Fargo Crop...
Tough Road for Trucking Insurance Specialists
Nov 7 2017 // Trucking serves as a barometer of the U.S. economy, representing 70.6 percent of all domestic freight transportation tonnage and $676 billion, or 79.8 percent,of transportation revenues in the country. Despite the...
Professional Insurance Agents of Connecticut Names Black PIA National Director
Nov 7 2017 // The Professional Insurance Agents of Connecticut has named Jonathan T. Black of Fairfield, Conn., its PIA National Director. PIACT is a trade association representing professional, independent insurance agencies and their...
Insurance Agents Regained Organic Growth Momentum in Q2: Reagan
Nov 7 2017 // Insurance agencies and brokerage firms reported that their organic growth rebounded to 4.6 percent in the second quarter of 2017, a reversal from the 3.9 percent reported in the first quarter, which was the weakest growth...
UK Regulator to Probe Wholesale Insurance Broking Market
Nov 6 2017 // Britain’s financial services industry regulator is to launch later this week a long-promised investigation into competition in the wholesale insurance broking market, where one top executive has complained of...
Cyber Service: How the Market Is Dishing Out Innovation
Nov 6 2017 // No one knows what the future of cyber risk holds. But more market choices and value-added services are now part of this fast-growing market. “We don’t know,” said Blake Wiedman, partner at Nashville-based...
People
Nov 6 2017 // Crop insurer, Farmers Mutual Hail Insurance Co. of Iowa (FMH), announced that James A. Brost, retiring senior vice president with Holborn Corp., will join the FMH board of directors on Jan. 1, 2018. Brost began his...
People
Nov 6 2017 // Independent Insurance Agents of Georgia (IIAG) announced that John Barbour, formerly vice president of Governmental Affairs, was chosen to serve as new chief executive officer. Barbour began leading the association on...
People
Nov 6 2017 // Los Angeles, Calif.-based Worldwide Facilities has named Cameron Kelly its chief operating officer. Kelly will be responsible for managing the company’s production offices, compliance, and acquisition integration. He...
DFS Finalizes Regulation to Strengthen New York No-Fault Insurance Law
Nov 6 2017 // A new regulation issued by the New York State Department of Financial Services (DFS) aims to curb costs and abuses of New York’s no-fault insurance law while leveling the playing field for New York insurers,...
New York Finalizes Regulations to Crack Down on Title Insurance Industry
Nov 6 2017 // The New York Department of Financial Services (DFS) has finalized two regulations to protect New Yorkers and crack down on unscrupulous practices in the title insurance industry. These regulations, which are the...
XPT Group Acquires Wholesaler WSS and West-Pro of Texas
Nov 3 2017 // A new insurance distribution partnership XPT Group reports it has acquired WSS, a Plano, Texas, wholesale broker and managing general agency (MGA) including Western Security Surplus Insurance Brokers Inc. and its managing...
Former Nebraska Insurance Agent Gets Prison Sentence for Stealing Clients’ Money
Nov 2 2017 // Nebraska judge has sentenced a former insurance agent to at least six years in prison for bilking clients out of nearly $160,000, saying he felt “heartsick” for the victims. The Lincoln Journal Star reports the...
Oklahoma’s Eitzen Agency Joins Combined Agents of America
Nov 1 2017 // Austin, Texas-based agency partner group, Combined Agents of America (CAA), is expanding in Oklahoma with the addition of Eitzen Agency Inc. Eitzen Agency Inc. (EAI) is a family-owned insurance agency based in Fairview,...
Aon Completes Acquisition of Dutch Broker Unirobe Meeùs Groep
Nov 1 2017 // Aon Groep Nederland announced it has completed its acquisition of Unirobe Meeùs Group (UMG) from Aegon for €295 million (343.4 million). The acquisition encompasses the whole of Unirobe Meeùs Group, said Aon, noting...
Allstate Sues Former Agent Over EA Agreement in Mass. Federal Court
Oct 31 2017 // Allstate is suing one of its former agents in United States District Court for the District of Massachusetts, alleging the agent breached a one-year non-compete clause by misusing Allstate’s confidential information...
Why States Should Drop Insurance Anti-Rebating Laws: Viewpoint
Oct 31 2017 // For the commercial property and casualty, and employee benefits segments of the insurance industry, anti-rebating laws are both nonsense and anti-consumer. Competition is intended to protect competitiveness in the...
PointeNorth Insurance Group Acquires Georgia Agencies Benton & Parker, Cord & Wilburn
Oct 31 2017 // PointeNorth Insurance Group, an independent insurance agency in the Southeast with local ownership, has acquired Benton & Parker Insurance Services, a commercial truck insurer headquartered in Georgia. The company also...
