Agencies - Latest Insurance News

Acrisure Acquires Alaska USA Insurance Brokers’ Commercial, Benefits Business

Dec 20 2016 // Acrisure LLC has acquired Alaska USA Insurance Brokers’ commercial insurance and employee benefits books of business. Terms of the deal were not disclosed. The new company will operate under the name Insurance...

Maine’s BroGue Insurance Under New Ownership

Dec 20 2016 // The current owners of several insurance agencies, Patrick Maguire and Paul Tracy, acquired ownership of BroGue Insurance & Financial Services in Bangor, Maine, on November 1, 2016. Established in Bangor in 1983, BroGue...

What Drives Satisfaction in Large Commercial Insurance Market?: J.D. Power

Dec 19 2016 // The profitability of an insurance company and the quality of advice given by an insured’s insurance broker make the most difference in customer satisfaction for commercial insurance, a new study revealed. According...

Wanted: Young Insurance Recruiters

Dec 19 2016 // Insurance industry executives and groups working to attract millennials to the sector are now actively targeting their younger colleagues to help get the word out. On Dec. 2, the recruiting initiative held a webinar...

Why it Sucks to be a Sales Manager in Most Agencies

Dec 19 2016 // While it’s not always true, most sales managers get stuck with dealing with under-performers. Under-performers come in a lot of different packages. It could be the underwriter who was hired to be a producer. This...

3 Common Strategies Found in the Fastest-Growing Independent Agencies

Dec 19 2016 // Over the past several years, despite some dire predictions, the independent agency channel overall has held its own against other distribution channels. In a recent internal research study, for example, Safeco Insurance...

Why a Unique Perpetuation Model Still Stands Strong

Dec 19 2016 // In the insurance agency system, it’s no secret that right now many agencies are merging or being acquired, increasingly by private equity firms. For some, this is a blessing because they have not been able to keep up...

California’s Surplus Export List Getting Interest Ahead of Upcoming Hearing

Dec 13 2016 // Ben McKay, executive director of the Surplus Lines Association of California, said his phone has been quite a bit busier lately ahead of a public hearing on Friday on the state’s export list. People in the insurance...

Heffernan Insurance Brokers Adds Skarin as AVP in St. Louis

Dec 13 2016 // Heffernan Insurance Brokers has hired Matthew Skarin as Assistant Vice President in the commercial lines department of its St. Louis, Missouri, office. Skarin comes to Heffernan with eight years of insurance experience...

Former Oklahoma Insurance Agent Charged with $64K Theft

Dec 12 2016 // A former Tulsa insurance agent was charged on Dec. 8 with embezzling more than $64,000, the Oklahoma Insurance Department announced. The charges against Michael W. Hefner, 47, are the result of a joint investigation by the...

Keystone Insurers Group Adds More Michigan Agencies

Dec 9 2016 // Keystone Insurers Group announced the addition of three more agency partners in Michigan: Nulty Insurance Agency, Ottawa Kent Insurance and Mason-McBride Inc. Keystone recently expanded into Michigan, adding Saginaw Bay...

Lawmakers Discuss Merging New Jersey Transit, Other Agencies

Dec 8 2016 // Lawmakers on Tuesday discussed the idea of merging embattled New Jersey Transit with other state agencies to save money to use for road, bridge and rail projects, and heard from experts about safety upgrades following a...

Eppers Named Chair of LAMMICO Agent Advisory Committee

Dec 8 2016 // Rob W. Eppers, co-owner and chief operating officer of Risk Services of Louisiana, has been elected chair of the Agent Advisory Committee at the policyholder-owned medical professional liability insurer, LAMMICO. Eppers...

IIABNY Promotes Bixby to President of IAAC

Dec 7 2016 // Independent Insurance Agents & Brokers of New York (IIABNY) has promoted Brian R. Bixby to president of IAAC, the trade group’s service corporation that provides financial support to IIABNY by offering insurance...

Insureon CEO on Growth, Hockey Pucks and the Perils of Complacency

Dec 6 2016 // A major online provider of commercial insurance for small businesses in the United States keeps track of its growth milestones with hockey pucks. OK, that might be a bit of a stretch but Chicago-based Insureon definitely...

Worldwide Facilities Acquires Trinity Underwriting Managers of Georgia

Dec 6 2016 // Worldwide Facilities, a national wholesale insurance brokerage and managing general agency, has acquired Trinity Underwriting Managers, Inc. (TUMI), an underwriting manager and wholesale insurance broker specializing in...

Insurers’ Financial Strength, Brokers’ Expertise Drive Satisfaction in Large Commercial Market: J.D. Power

Dec 5 2016 // The profitability of an insurance company and the quality of advice given by an insurance broker makes the most difference when it comes to customer satisfaction for commercial insurance, a new industry study...

North Carolina Surplus Lines Agents Facing Jan. 1 Registration Deadline

Dec 5 2016 // Surplus lines agents doing business in North Carolina can now begin registering with the recently established North Carolina Surplus Lines Stamping Office as new rules regarding resident and non-resident surplus lines...

North Carolina Surplus Lines Association Prepares to Launch New Stamping Office