Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Beef Between Wholesale and Retail Agents Should Go to Trial, Court Finds
Jul 23 2024 // A federal judge has ruled that a wholesale insurance agent’s claim against a retail agent for allegedly misrepresenting the exposure of an insured regarding violations of the federal telemarketing law should proceed...
Insurance Broker TWFG’s Shares Rise Nearly 30% in Market Debut
Jul 19 2024 // Insurance broker TWFG’s shares gained nearly 30% in their Nasdaq debut on Thursday, signaling strong investor demand for new stocks as the U.S. initial public offering market aims for a recovery. IPOs in the U.S. are...
North Carolina Man Charged With Threatening Insurance Agents Over Claim
Jul 18 2024 // First, a North Carolina man filed a claim with Farm Bureau Insurance. Then he threatened three insurance agents with violence when he wasn’t paid as much as he expected, according to state authorities and one of the...
Insurance Broker TWFG’s IPO Seeking $187 Million Gets Underway Today
Jul 18 2024 // Shares of Texas-based insurance broker TWFG, Inc. begin trading on the Nasdaq Global Select Market today under the symbol TWFG. TWFG said it expects to realize gross proceeds of $187 million and net proceeds of...
New Jersey’s US Senator Menendez Convicted of Bribery, Foreign-Agent Charges
Jul 16 2024 // US Senator Bob Menendez, the once-powerful New Jersey Democrat, was found guilty of bribery, extortion and acting as a foreign agent of Egypt after a corruption trial focused on 13 gold bars, nearly $500,000 in cash and a...
Big ‘I’ Report: Independent Agency Channel Placed 62% of Premiums in 2023
Jul 15 2024 // Independent agents placed more than 62% of all property/casualty insurance written in the U.S., according to the Independent Insurance Agents & Brokers of America (the Big “I”). The association’s 2024...
Menendez’s Wife Hid Truth About Insurance Broker and Mercedes Benz, Lawyer Says
Jul 12 2024 // US Senator Bob Menendez’s lawyer told jurors that the politician’s wife failed to tell him details of how she got a Mercedes Benz from a convicted felon who testified during the lawmaker’s corruption...
People: Stacks Brokerage in Florida Names Bordman Commercial President
Jul 11 2024 // Stacks Insurance Brokerage in Lighthouse Point, Florida, has named Kenny Bordman partner and president of commercial insurance. Bordman has more than a decade in commercial insurance, preceded by years in the U.S. Army and...
New Jersey Democratic Power Broker Norcross Pleads Not Guilty to Racketeering
Jul 11 2024 // The New Jersey Democratic power broker charged with racketeering by the state attorney general pleaded not guilty Tuesday to charges he threatened people whose properties he sought to take over and orchestrated tax...
Insurance Broker TWFG Aims to Raise Up to $176M in IPO
Jul 10 2024 // Insurance broker TWFG, backed by reinsurer RenaissanceRe, said on Tuesday it is aiming to raise as much as $176 million in its initial public offering in the United States. TWFG is offering 11 million shares at a price...
Ardonagh Advisory Acquires UK’s Rollinson Smith Insurance Brokers
Jul 8 2024 // Ardonagh Advisory has acquired Rollinson Smith Insurance Brokers (RSIB), a UK community broker that operates in the Shropshire, Staffordshire, West Midlands and North Wales regions with significant reach in London as well...
Reinsurers’ Appetite Grows During Mid-Year Renewals but Discipline Remains: Brokers
Jul 8 2024 // Reinsurance buyers generally saw positive outcomes during the mid-year renewals, finding adequate capacity to meet cedents’ increasing demand for protection — in both property and casualty, according to three...
8 Ways AgentSync Can Elevate Your Salesforce Experience
Jul 2 2024 // This post is part of a series sponsored by AgentSync. Salesforce is a powerhouse across complex industries, and insurance is no exception. Many carriers and agencies alike choose Salesforce as their client relationship...
Microsoft Tells Texas Agencies They Were Exposed in Russian Hack
Jul 1 2024 // Microsoft Corp. has told more than a dozen state agencies and public universities in Texas that Russian state-sponsored hackers accessed emails between them and the software giant. The attackers were able to gain access to...
What Agents Need to Know About Manufacturers E&O
Jul 1 2024 // Demand for technology-related products such as computer chips, semiconductors, electric vehicle batteries and embedded software is rapidly increasing in today’s tech-driven society, which is in turn increasing demand...
Thanks to AI, Industry Could Soon See Big Rise in Parametric Insurance. Are Agents Ready?
Jul 1 2024 // Insurance agents must now embrace the use of artificial intelligence, but they won’t be replaced by it. And the use of parametric policies will soon increase sharply across property insurance lines because that...
Three Charged With Helping Agents Cheat on Florida Insurance License Exams
Jun 28 2024 // Three Miami people, two of them licensed insurance agents, have been charged with operating an unauthorized insurance agent licensing school and taking license examinations in applicants’ place. At least five...
Big ‘I’ Report: Independent Agency Channel Placed 62% of Premiums in 2023
Jun 27 2024 // Independent agents placed more than 62% of all property/casualty insurance written in the U.S., according to the Independent Insurance Agents & Brokers of America (the Big “I”). The association’s 2024...
Specialist Risk Group Buys UK Specialist Schemes Broker, Strategic Insurance Services
Jun 26 2024 // Specialist Risk Group (SRG), the London-based insurance intermediary, has agreed to acquire UK specialist schemes broker, Strategic Insurance Services Ltd. (SISL), subject to regulatory approval. Financial details of the...
PCF Insurance Acquires Multiple Agencies, Benefits Platform
Jun 25 2024 // PCF Insurance Services, a multi-state brokerage headquartered in Utah, announced it has acquired four new operations, two of them in the Southeast. The Brady Agency, offering commercial and personal lines coverage in North...
