Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Court Smacks Down California Regulators Over Broker/Agent Ruling
Sep 9 2016 // An Orange County, California court has given the state’s Department of Insurance a stunning smack down in a long-running case about the “broker fees” charged by some insurance agents. The complicated case...
London’s BMS Re Acquires Texas Reinsurance Broker
Sep 9 2016 // London-based BMS Re US, a specialist insurance and reinsurance broker, has acquired a reinsurance intermediary that complements its own operations. BMS, which is the broking arm of Minova Insurance, acquired Advocate...
Current State of P/C Insurance Agency Mergers and Valuations
Sep 8 2016 // The number of insurance agency mergers and acquisitions in the first half of 2016 ranked as second-most-active six-month period since 2008. According to a new report on agency merger acivity by Chicago-based investment...
Trade Group: Insurance Industry Adding Jobs in Ohio at a Rapid Pace
Sep 7 2016 // Powered by InsuranceJournal.tv In terms of employment opportunities, the insurance industry in Ohio is growing at a robust pace, a state insurance industry trade group says. In the 2016 edition of its “Insurance in...
Hub Acquires Assets of Alaska-Based Patterson Insurance Brokers
Sep 7 2016 // Hub International Ltd. has acquired the assets of Anchorage, Alaska-based Patterson Insurance Brokers. Terms of the deal were not disclosed. Kent Patterson, Patterson’s president, will join Hub Northwest as vice...
New York’s Integro Insurance Brokers Acquires Insurance Revolution
Sep 7 2016 // Integro Insurance Brokers, a New York headquartered international broker and risk management firm, has acquired Insurance Revolution Inc., a Princeton, N.J., based risk management firm. Insurance Revolution Inc. is the...
Ratings Agencies Expect Reinsurance Premiums to Continue Dropping in 2017
Sep 7 2016 // Reinsurance premiums are likely to continue to fall next year, ratings agencies said on Tuesday, following years of weaker prices due to competition in the sector and a lack of natural catastrophe losses. Reinsurers act as...
Mississippi Physician Accused of Trading Prescription Drugs For Escorts
Sep 6 2016 // Federal officials say a Mississippi physician offered to illegally trade prescriptions for escort services and later sold prescriptions for money to the escort and an undercover agent. Dr. Michael Loebenberg of Ocean...
Illinois, Missouri Handle Problem of Uninsured Drivers Differently
Sep 6 2016 // Dan McMullen is an insurance agent in Ferguson, Mo. His Solo Insurance office is on West Florissant Avenue, the epicenter of the trouble two years ago. The building next to his office burned into ruins. There aren’t...
Trucking Through Cost, Talent, & Regulatory Roadblocks
Sep 6 2016 // It’s been a rough ride, full of twists, turns and a few roadblocks for truckers and their insurance specialists. Truckers today face a number of obstacles that have raised the cost of doing business, including tough...
Consumers Rely Too Much on Homeowners Insurance: Survey
Sep 6 2016 // Too few Americans take steps to prepare for disasters, and too many assume their home insurance policies will bail them out if one strikes. As disaster season peaks, a new national consumer survey commissioned by Trusted...
Expert Gives Agents C- on Understanding of Cyber Insurance
Sep 6 2016 // Eduard Goodman, chief privacy officer of Scottsdale, Ariz.-based IDT911, an identity theft protection firm, isn’t too high on the industry’s knowledge of cyber insurance, cybercrime and data theft. Goodman...
California Based EPIC Insurance Brokers Hires Caracciolo and Klaschka in New York
Sep 1 2016 // EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant based in San Francisco, Calif., has hired two managing principals from Integro Insurance Brokers...
How Kilkenny and Kimmel Have Grown K2 Insurance Services
Sep 1 2016 // Pat Kilkenny and Bob Kimmel put the K’s in K2 Insurance Services five years ago. That’s when they began using their combined 60 years of insurance experience to work buying up and developing businesses with the...
Renters’ Insurance and Millennials: If You Make it Simple, They Will Come
Sep 1 2016 // There’s a new website aimed at changing the way millennials deal with buying insurance – but it’s focused on a widely under-served segment of the insurance market – renters’ insurance. Launched by two...
Dill Joins Higginbotham as Commercial Broker in Houston
Aug 30 2016 // Insurance and financial services firm, Higginbotham, has hired commercial property/casualty insurance broker Ryan B. Dill as associate at its Houston practice. Dill joins Higginbotham’s 110 local insurance, risk...
Experienced Workers’ Compensation Brokers Augie Christian and Jessica Lovinggood Join Breckenridge Insurance Services as Vice Presidents
Aug 30 2016 // Atlanta, GA, August 30, 2016 — Breckenridge Insurance Services welcomed two experienced wholesale insurance brokers to the organization recently. Augie Christian, CPCU, CIC and Jessica Lovinggood, CIC are new vice...
California Insurance Agent Nabbed for Fraud Scheme Involving 100-plus Policies
Aug 29 2016 // Vicki Lee McGinley, 58, a licensed insurance agent in California, was arrested by the Kern County Sheriff’s department on seven counts of identity theft and seven counts of insurance fraud after allegedly...
Integro Expands Reinsurance Presence in Latin America with HRL Alliance
Aug 29 2016 // International broker and risk management firm Integro announced an agreement with HR Latinoamerica Ltda. Corredores de Reaseguros (HRL) to serve as HRL’s exclusive London wholesale reinsurance trading partner. The...
Illinois, Missouri Handle Problem of Uninsured Drivers Differently
Aug 26 2016 // Dan McMullen is an insurance agent in Ferguson, Mo. His Solo Insurance office is on West Florissant Avenue, the epicenter of the trouble two years ago. The building next to his office burned into ruins. There aren’t...
