Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Security Vendors, Partnerships Offer Key to Simplifying, Selling Cyber Insurance Online: CoverHound CEO
Jun 9 2016 // CoverHound CEO Keith Moore has a vision of simplifying cyber insurance sales that involves underwriting the security vendors used by insureds—a model that could ultimately allow small business customers to bind their...
Missouri Insurance Agent Sentenced to 7 Years in Prison for Fraud
Jun 8 2016 // A Missouri insurance agent has been sentenced to prison for fraud following an investigation by the McDonald County Sheriff’s Office and the Missouri Department of Insurance, Financial Institutions & Professional...
Oregon Woman Settles Suit over Abuse by Insurance Agent Father
Jun 8 2016 // A Eugene, Ore. woman who sued her adopted parents after disclosing that her father sexually abused her has agreed to settle the civil case. The Register-Guard reports that according to documents filed in Lane County...
Gallagher Appoints 2 Former Willis Aviation Brokers as Divisional Directors
Jun 7 2016 // Arthur J. Gallagher has appointed two former Willis aviation brokers, Mark Champion and Paul Rogers, as divisional directors. With combined experience of nearly 70 years, Gallagher said the hiring of these “industry...
Agency E&O and Carrier Insolvency: Things Stay the Same
Jun 6 2016 // Insurance company insolvency has been a thorny issue spanning many decades. The only consistency is that there is no one solution and that an agent can be held liable for placing coverage with a company that becomes...
Carriers Can Still Profit Despite Unpredictable Economy, Berkley Says
Jun 6 2016 // Partnership and greater efficiency will help lead the way to continued profitability despite a new level of uncertainty globally, according to Bill Berkley, executive chairman of the W.R. Berkley Corp. and keynote speaker...
Review of Q1 M&A Deal Activity
Jun 6 2016 // Deal count for the first quarter of 2016 was down slightly relative to the record-breaking first quarter of 2015, but was still the second most active first quarter in the past 10 years. There were 109 announced...
Why Insurance Agencies Can’t Ignore Bad Accounting
Jun 6 2016 // Take an industry, say independent insurance agencies, that is supposed to be sales-focused and where principals think accounting is boring. Accounting may be boring but a business owner only ignores it at his or her own...
Arizona Closes Agent Malpractice Loophole
Jun 6 2016 // Arizona’s governor has signed a bill to fix a loophole that exposes agents who write auto policies to malpractice suits. The bill was written in response to an Arizona Supreme Court ruling in July 2015 favoring an...
5 Principles for Navigating Complex Property/Casualty Claims
Jun 6 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...
Worldwide Facilities Appoints Moulder as VP, Adds Transportation Markets
Jun 3 2016 // Worldwide Facilities, LLC, a nationwide wholesale brokerage and managing general agent, has appointed Chris Moulder as vice president and broker at its Atlanta office, bringing expanded access to commercial auto and...
Abacus Insurance Brokers Launches Professional Small Business Program
Jun 3 2016 // Abacus Insurance Brokers, Inc., a Los Angeles-based program manager that distributes specialty insurance products online, has launched its online Professional Small Business Program. The program provides general liability,...
Hub’s Program Brokerage Corporation Hires Fry as Assistant VP in NYC
Jun 3 2016 // Program Brokerage Corporation, a wholesale brokerage/managing general agency (MGA) and a subsidiary of Hub International Northeast, has hired Matthew Fry as assistant vice president. Based in the New York City office, Fry...
Financial Industry Files Suit Against Obama Fiduciary Standard for Retirement Plan Brokers
Jun 3 2016 // Wall Street and business lobbying groups have teamed up to fight the Obama administration’s new rules for U.S. brokers managing retirement accounts, saying the regulations include a ” deliberately...
UK Broker Bluefin Extends Loss Recovery Insurance Partnership with Lorega
Jun 2 2016 // Bluefin, the London-based insurance broker, has extended its existing loss recovery insurance services partnership with Lorega Ltd., the UK MGA and assistance specialist, across its middle market commercial business. The...
California Agent Pleads Guilty to Selling Bogus Bonds and Premium Theft
Jun 1 2016 // John Antonio Ruiz, 49, of Riverside, Calif., pleaded guilty to 11 felony counts of grand theft after selling $334,972 in bogus surety bonds and stealing the client’s premium. His theft left a major retailer exposed...
Wisconsin Agents Group Honors Robertson Ryan Leaders
Jun 1 2016 // At the 2016 Independent Insurance Agents of Wisconsin (IIAW) annual conference, several leaders at Robertson Ryan & Associates (RRA) were recognized for their insurance industry achievements. Jason Bott was recognized...
IIABNY CEO Poppa Honored by Long Island Insurance Agents
Jun 1 2016 // Richard Poppa Richard Poppa, president and CEO of the Independent Insurance Agents & Brokers of New York (IIABNY), has received the Vincent A. Alba Lifetime Achievement Award from the Independent Insurance Agents...
Munich Re America Taps Stuhl for Broker Relations Senior VP Post
Jun 1 2016 // Joe Stuhl has been named senior vice president and broker executive for Munich Reinsurance America’s (US) reinsurance division. Previously Stuhl was a client manager in the reinsurance division and oversaw some of...
Chipotle Serves Up Lessons for Restaurant Brokers and Their Insureds
Jun 1 2016 // The Centers for Disease Control and Prevention (CDC) estimates that one-in-six Americans gets sick every year from contaminated food or beverages. Those in the restaurant industry cannot ignore the risks. The recent chain...
