Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
California Agent Allegedly Took $100K from Employer And Clients
Jul 25 2016 // Suren Hovhannisyan, 27, a licensed insurance agent in North Hollywood, Calif., was arrested at his residence in early July on multiple felony counts of burglary, grand theft, and unauthorized use of access cards after...
Navigating California’s High Workers’ Comp Rates and Excessive Lawsuits
Jul 25 2016 // California employers routinely pay the highest insurance rates for workers’ compensation in the country. The increasing rates are due to several factors including rising medical costs and an aging workforce. In this...
Treasury Adopts 2 Percent Formula for Defining Auto Insurance ‘Affordability’
Jul 25 2016 // Industry Says Affordability Definition Will Lead to Confusion on Price If the average auto insurance liability premium paid by consumers in minority and low-income neighborhoods is more than 2 percent of the median income...
Pen Canada Launches E-Traded D&O Platform in Response to Broker Demand
Jul 22 2016 // Pen Underwriting Canada has launched a purpose-built, e-trading platform for directors and officers insurance, in response to broker demand for a quick-quote, competitive D&O solution. The platform is simple,...
Timothy Furber, CPCU Joins Breckenridge Insurance Services as Senior Vice President, Broker
Jul 21 2016 // Atlanta, GA, July 21, 2016— Timothy Furber, CPCU has joined Breckenridge Insurance Services wholesale brokerage division as a senior vice president, broker in the Portland, Maine area office. Prior to Breckenridge,...
Southland Man Sentenced for Grand Theft After Posing as Insurance Agent
Jul 20 2016 // A Southern California man has been sentenced for grand theft for posing as a licensed insurance broker, selling insurance to commercial truckers and then pocketing premiums. Cristian Raul Videla, 34, of Van Nuys, Calif.,...
Bassman Completes Acquisition of Ascend Insurance Brokerage
Jul 20 2016 // Dallas-based Ascend Insurance Brokerage President and CEO Paul Bassman has closed on the acquisition of the company, purchasing the business from James Chippendale, who founded Ascend in 2001. Ascend specializes in the...
Mid-Market Firms Fall Short on Natural Catastrophe Risk Management: Assurex Global
Jul 18 2016 // Middle market businesses in all parts of the world view their exposures to natural catastrophes as increasing but some fall short when managing these risks effectively, according to a new survey of senior executives at...
Tokio Marine Kiln Launches Online Broker Platform
Jul 18 2016 // Tokio Marine Kiln (TMK) has launched “One TMK,” a digital exchange for brokers to quote and bind policies on-line in real time. The web-based platform has been developed to help brokers lower their...
Industry Balks as Treasury Adopts 2% Formula for Defining Auto Insurance Affordability
Jul 15 2016 // If the average auto insurance liability premium paid by consumers in minority and low-income neighborhoods is more than 2 percent of the median income in those neighborhoods, the auto insurance will be considered...
Growth Partners: Equity Firm Kohlberg Invests in Wholesaler U.S. Risk
Jul 14 2016 // Dallas-based international specialty lines underwriting manager and wholesale broker U.S. Risk Insurance Group Inc. has agreed to partner with the private equity firm, Kohlberg & Co. With capital and two board members...
Combined Agents of America Names Cross as CEO
Jul 14 2016 // Austin, Texas-based insurance agent network, Combined Agents of America LLC (CAA) has hired Peter Cross as its new chief executive officer. CAA has 53 independent agency members in Kansas, Texas, Oklahoma and...
XS Brokers Adds Jimcor’s Dudkiewicz as It Expands to Mid-Atlantic States
Jul 14 2016 // XS Brokers, one of the largest independent insurance wholesale brokerages in New England, is opening a new office in the greater Philadelphia area and has hired Alan Dudkiewicz to lead the firm’s efforts in the...
Worldwide Facilities Hires Matt Donovan as AVP at Dallas Office
Jul 13 2016 // Dallas, TX, July 13, 2016 – Worldwide Facilities is pleased to announce that Matt Donovan, RPLU, has joined its team as Assistant Vice President in the Dallas, Texas office. Prior to joining Worldwide Facilities,...
J.M. Wilson Adds Steigenga as Transportation Underwriter in South Carolina
Jul 12 2016 // Managing General Agency J.M. Wilson has added Justin Steigenga to their Charleston, South Carolina office as a transportation underwriter. Steigenga is responsible for quoting new and renewal transportation risks,...
California Agent Allegedly Took $100K from Employer And Clients
Jul 12 2016 // Suren Hovhannisyan, 27, a licensed insurance agent of North Hollywood, Calif., was arrested at his residence this week on multiple felony counts of burglary, grand theft, and unauthorized use of access cards after...
Survey: Agents Value Carrier Underwriting More Highly Now Than 5 Years Ago
Jul 12 2016 // A comparison of independent agent opinions five years ago to today shows how far the agency channel has come while also illustrating that certain fundamentals remain important throughout cycles and market...
Correction: Obama Nominates Additional Directors But Producer Registry NARAB Still Falls Short
Jul 11 2016 // Correction: The original version of this article omitted two of President Obama’s nominees, Colorado Insurance Commissioner Marguerite Salazar and Susan Louise Castaneda of The Hartford. Insurance Journal regrets the...
Florida Agents Putting New Law to Work to Attract Millennials to Insurance Careers
Jul 11 2016 // Florida insurance agents are trying to bolster the industry’s track record in attracting college graduates by employing a new state law that aligns college courses with the state’s licensing requirements. The...
5 Principles for Successfully Navigating Complex Property/Casualty Claims
Jul 11 2016 // Property/casualty losses arising from construction defects, earthquakes, hurricanes, floods, fires, industrial accidents, tornadoes or any number of other perils can strike at almost any time. When they do, the impacts to...
