Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Sign of the Times – Brokers vs. Carriers on a Classic Soft Market
Jul 24 2017 // Brokers vs. Carriers on a Classic Soft Market Chief executive officers of property/casualty insurance brokers and P/C insurance carriers called each other out in June for engaging in activities they said were...
How to Succeed in a Soft Insurance Market
Jul 24 2017 // It’s no secret that the insurance marketplace right now is extremely soft. The amount of capacity in the industry continues to rise as new entrants are coming into the market or existing carriers are either opening...
Carrier Poll Shows Many Agents Expect Minor Tech Disruption by 2020
Jul 24 2017 // A new poll conducted by a Seattle, Wash.-based carrier that asked independent insurance agents what’s ahead in 2020 showed that roughly half of agents expect technology disruption to have a minor impact on their...
Exclusive: California Broker Plans Parametric Quake Product That Pays Even If No Damage
Jul 21 2017 // A California broker is promising to bring a “first-of-its-kind financial resource” that pays homeowners after an earthquake for a low monthly premium whether there’s damage to the home or not. A Berkeley,...
TWFG Honors Top Producers
Jul 20 2017 // Successful insurance agents with The Woodlands, Texas-based TWFG received official recognition and awards during TWFG’s recent convention. President and CEO Gordy Bunch inducted 20 new members into the insurance...
Sullivan Brokers Enhances Healthcare Provider Program, Adds Cybersecurity Coverage
Jul 20 2017 // Sullivan Brokers has launched an enhanced program that offers first party protection specifically tailored to address the exposures healthcare providers face when presenting claims to public or private insurers. The...
JenCap Holdings Acquiring Michigan’s Special Risks Facilities
Jul 19 2017 // JenCap Holdings LLC has agreed to acquire privately held Special Risks Facilities Inc., an MGA/contract binding authority and wholesale insurance brokerage firm based in Sterling Heights, Michigan. Special Risks was formed...
Renovation at the Deli; A Story About Additional Insureds
Jul 19 2017 // One of the primary questions that have to be asked about an insurance policy is: who is an insured? Every policy has language that defines and limits who is eligible to find coverage there. On the CGL policy, the question...
Big ‘I’ Expands Symington’s Role to Include Industry Relations
Jul 14 2017 // The Independent Insurance Agents and Brokers of America (Big “I”) announced that Charles E. Symington Jr. will now serve as the association’s senior vice president for external, industry and government...
Texas E&S Broker McClelland & Hine Promotes Barnes and Hine
Jul 13 2017 // San Antonio-based managing general agent and excess and surplus (E&S) lines broker, McClelland and Hine Inc. (MHI), has promoted Lisa Barnes to the position of chief operating officer, and named Amicia Hine president...
Brandt Succeeds Evans as Trusted Choice Executive Director
Jul 12 2017 // Trusted Choice, the consumer branding program for the Independent Insurance Agents and Brokers of America (Big “I”), has promoted Kevin Brandt as its next executive director. Brandt is succeeding Dave Evans,...
Independent Insurance Agents of Virginia Names Chairman, Board Members
Jul 12 2017 // During its recently held annual meeting at the Jefferson Hotel in Richmond, Va., the Independent Insurance Agents of Virginia (IIAV) named Douglas B. Megill of McLean Insurance Agency chairman of the board of...
Agents Seek Better Grasp of Carriers’ Commercial Lines Underwriting Likes
Jul 12 2017 // Independent agents want to talk about underwriting, and they’re urging their carriers to listen. Preliminary results from the 2017 Channel Harvest Research survey indicate agents want to see companies put greater...
Robo Advisers Gaining as Insurance Sales Agents: Chart
Jul 12 2017 // While traditional intermediaries still dominate in distributing insurance, the advance in artificial intelligence means that so-called robo advisers have gained traction in recent years, according to Swiss Re. These...
Carrier Poll Shows Many Agents Expect Minor Tech Disruption by 2020
Jul 11 2017 // A new poll conducted by a Seattle, Wash.-based carrier that asked independent insurance agents what’s ahead in 2020 showed that roughly half of agents expect technology disruption to have a minor impact on their...
Willis Towers Watson Announces New Leadership for North America Brokerage Unit
Jul 11 2017 // Global insurance broker Willis Towers Watson has made several senior appointments in its North America Corporate Risk and Broking (CRB) business. Mark Rusas has been appointed CRB Northeast region leader, where he will be...
U.S. Risk Insurance Group, LLC Announces the Acquisition of IMS London American
Jul 10 2017 // Dallas, TX, July 10, 2017— U.S. Risk Insurance Group, LLC, the nation’s fifth largest Property & Casualty wholesaler, announced today that it has acquired IMS London American Brokerage and Underwriting Services...
People
Jul 10 2017 // Kansas City-based insurance broker Lockton has named Jeff Henningsen as president of its Houston property/casualty insurance operation. Henningsen will take on an expanded leadership role in business development for the...
Looking at Insurtech the Wrong Way
Jul 10 2017 // Insurtechs stimulate a lot of debate among agents about the extent to which they pose a threat and what should be done to address it. Some dismiss the threat by analyzing flaws in a particular venture or mocking past...
State of P/C Insurance Industry, Part 1: The Fate of ‘Hard Market’ Agencies (and Companies)
Jul 10 2017 // Property/casualty (P/C) insurance and group benefits industry is changing faster than ever. Many factors are the parents of such change. In part one of this two part series, I will focus on the more traditional aspects and...
