Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
EPIC Insurance Brokers and Consultants Acquires Connecticut’s After Inc.
Jun 20 2017 // EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, has acquired After Inc., a product warranty analytics firm based in Norwalk, Conn. The...
Travelers Launches Online System in UK, Providing Quick Mgmt Liability Quotes
Jun 19 2017 // Travelers Insurance Co. Ltd. in the UK has launched a new online system that enables UK brokers to receive management liability quotes and bind coverage for their clients in a matter of minutes. Accessed through the My...
Delaware Raises Minimum Auto Liability Limits for the First Time in 30 Years
Jun 19 2017 // Delaware Governor John Carney has signed into law legislation that will increase the state’s minimum auto liability insurance limits. The state last adjusted the minimum auto liability insurance limits approximately...
People
Jun 19 2017 // West Des Moines, Iowa-based GuideOne Insurance has named Jessica E. Clark as the company’s new chief executive officer. Bringing nearly 20 years of leadership experience in property and casualty insurance, Clark...
High Agency Valuations Not Going Away, MarshBerry Exec Tells Conference
Jun 19 2017 // Valuations of insurance agencies are as high as they have ever been, and there does not appear to be any lessening of interest among suitors, according to an industry mergers and acquisitions (M&A) consultant. John...
Minding Your Business: Agency of the Future
Jun 19 2017 // Yogi Berra once said: “It’s tough to make predictions, especially about the future.” Ignoring that wisdom, what will the insurance agency business model look like in 10 years or 20 years? Right now there...
Survey of Agents Reveals Underwriting Disconnect in Commercial Lines
Jun 19 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...
People
Jun 19 2017 // Insurance Agents & Brokers (IA&B), a Mechanicsburg, Penn.-based professional trade association, will have a new president and CEO at the helm beginning in January 2018. Deputy CEO and Counsel Jason Ernest will take...
People
Jun 19 2017 // Topa Insurance Co. has named Olive Chang assistant vice president of reinsurance and programs. Chang will be located in the Calabasas, Calif., office. Her duties include managing reinsurance and programs operation. Chang...
People
Jun 19 2017 // Dallas-based BenefitMall, a provider of employee benefits, human resources and payroll products and services, has reappointed Michael Gomes as executive vice president, Benefits Sales Division. Gomes will be responsible...
Fake Arkansas Insurance Broker Sentenced to 5 Years in Prison
Jun 19 2017 // An Arkansas man who pretended to be an insurance broker and collected more than $1 million selling fake policies in three states has been sentenced to more than five years in prison, the Arkansas Insurance Department...
House Committee Advances 2 Flood Insurance Bills; More to Come
Jun 16 2017 // The House Financial Services Committee on Thursday passed two bills to reform the National Flood Insurance Program (NFIP). One is a broad reform proposal that seeks to encourage more private insurance and move the program...
Blockchain Firm Bitfury Teams with Insurance Broker Risk Cooperative
Jun 16 2017 // Blockhain technology company The Bitfury Group said it is partnering with the Washington, D.C. insurance advisory and brokerage firm Risk Cooperative to pioneer blockchain applications in the $60 billion insurance...
New York Approves Workers’ Comp Renewal Notice Legislation
Jun 16 2017 // Final legislation has been approved in New York that aims to enable insurance agents to better serve workers’ compensation clients if signed into law by Governor Andrew Cuomo. The legislation was developed by the...
Startup Decisely: Insurtech ‘For Brokers, By Brokers’ Targets Small Business Benefits
Jun 16 2017 // Some see insurtech as the enemy. Others see it as a sign of things to come. Then there’s EPIC Insurance Brokers & Consultants, which is clearly embracing the insurtech craze while soliciting brokers to join...
Uber’s Plans for Trucking Industry Hit Detours
Jun 16 2017 // Uber Technologies Inc.’s drive to become a major player in the trucking business is off to a bumpy start, with analysts and industry executives questioning what exactly the company can bring to the sprawling...
Bynum Elected President of the Independent Insurance Agents of Georgia
Jun 16 2017 // Thad Bynum of Bynum Insurance Agency, a Trusted Choice agency in Clayton, Ga., was installed as president of the Independent Insurance Agents of Georgia (IIAGA), on June 10 during the association’s 120th annual...
House Panel Gets Down to Business on Flood Insurance Proposals
Jun 15 2017 // House lawmakers are weighing seven proposals to renew and reform the federal flood insurance program, an area where there is a good amount of bipartisan agreement that something should be done and even on what to do. The...
Florida Court Rules Property Insurer Liable for Shortfall in Policy Benefits Promised by Agent
Jun 15 2017 // A Florida state Court of Appeal reversed the dismissal of a claim for negligent procurement of property insurance, because, when placing the coverage, the insurer’s agent failed to account for a reduction in...
In ‘Classic’ Soft Market Battle, Brokers and Carriers Attack Each Other
Jun 14 2017 // Chief executive officers of property/casualty insurance carriers and insurance brokers called each other out last week for engaging in activities they said are “classic signs of a soft market.” During a session...
