Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Q1 Saw Rate Decreases Continue in Commercial P/C: The Council
May 4 2016 // Commercial property/casualty rates decreased across all size accounts in the first quarter of 2016, continuing a trend that has been evident since the first quarter of 2015. This year, first quarter rates decreased by an...
Special Report: Execs Warn of Impending Florida Market Crisis Over Water Loss Claims
May 3 2016 // Abuse of assignment of benefits (AOB) from water loss claims has become a full-blown Florida insurance crisis that will mean higher insurance rates next year and for the foreseeable future for every Florida policyholder,...
Bain Capital, Vista Equity Buy Agency Technology Firm Vertafore from TPG
May 2 2016 // Bain Capital Private Equity and Vista Equity Partners have agreed to acquire insurance agency technology firm Vertafore from TPG Capital. The parties did not disclose terms of the transaction. Reuters, citing anonymous...
Who Moved Your Cheese? The End (for Now) of Market Cycles
May 2 2016 // The good news is that for the foreseeable future, with certain exceptions, you will not have to tell your clients their premiums are increasing 10 percent or more. Property/casualty carriers collectively, not necessarily...
How to Grow Your Insurance Agency One Call At A Time
May 2 2016 // Local Strategies to Stand Out in a Challenging Lead-Acquisition Marketplace The insurance industry is spending big on local marketing, but the results individual agencies experience depend on the tactics they execute. For...
Zurich Canada Appoints Healey as Sr. VP, Distribution & Regional Management
Apr 29 2016 // Zurich Canada has appointed Patrick Healey as senior vice president, Distribution and Regional Management. Healey will be responsible for leading and managing broker relationships and supporting market-facing underwriting...
10 Things Young Insurance Agents Like, and Don’t Like, About Their Jobs
Apr 27 2016 // Overall, young agents are happy with their career choice. They enjoy the freedom and challenges that come with being independent agents. But they are not thrilled with every aspect of their career choice. Who is? The April...
Global Risk Partners Backs LONMAR’s MBO, Supporting Its Growth Strategy
Apr 27 2016 // Global Risk Partners, the acquisitive insurance broking and managing general agency (MGA) investment vehicle, has agreed to back the management buyout of LONMAR Global Risks, the specialist Lloyd’s broker. The...
AIG, Hamilton, Two Sigma to Launch Small-Medium Business Insurance Joint Venture
Apr 26 2016 // American International Group, Bermuda-based Hamilton Insurance Group and affiliates of hedge fund firm Two Sigma Investments said they have agreed to create a technology-enabled insurance platform for sales to the small to...
The Keating Group Rebrands as tKg Wholesale Brokerage
Apr 26 2016 // Phoenix, AZ, April 26, 2016- Effective immediately, The Keating Group, the wholesale brokerage arm of Keating Companies, has rebranded as tKg Wholesale Brokerage. Commenting on the change, James Keating, CEO of tKg and...
Fallout from Travelers CGL Cyber Ruling: Insurance Buyers and Sellers Beware
Apr 25 2016 // Experts are cautioning both insurance buyers and sellers not to overreact to the recent federal court decision finding data breach defense coverage under a commercial general liability (CGL) policy. Experts are cautioning...
Big ‘I’ Agents Honor Wilson with Yates Lifetime Achievement Award
Apr 22 2016 // The Independent Insurance Agents & Brokers of America (Big “I”) has awarded Bill Wilson with the Jeff Yates Lifetime Achievement Award, the highest honor the association bestows on a non-agent, for a...
New Hampshire’s Minkler Honored With Big ‘I’ Woodworth Memorial Award
Apr 21 2016 // Tom Minkler The Independent Insurance Agents & Brokers of America has awarded Tom Minkler with the Woodworth Memorial Award, the highest honor the association bestows on one of its members, during the annual Big...
Ex-Insurance Agent in East Texas Sentenced to 3 Years for Fraud
Apr 21 2016 // A former insurance agent in East Texas must serve three years in prison for running a $5 million medical investment scam. Robert B. Hahn was sentenced in federal court in Tyler. The 64-year-old Tyler man in November...
The Keating Group in Arizona Rebrands As tKg Wholesale Brokerage
Apr 20 2016 // Phoenix, Ariz.-based The Keating Group, the wholesale brokerage arm of Keating Cos., has rebranded as tKg Wholesale Brokerage. James Keating, CEO of tKg and parent Keating Cos., said the change is to show the brokerage is...
Sanford Joins ECC Insurance Brokers in Illinois
Apr 19 2016 // ECC Insurance Brokers Inc., a subsidiary of Brown & Brown Inc., has added Stephen Sanford in Oak Brook, Ill., as vice president. Sanford joins ECC from Hiscox Insurance’s Executive Liability Group where he was...
General Star Management Adds Title Agents E&O Program
Apr 19 2016 // General Star Management Co. has launched a new E&O program for title agents. Available in all jurisdictions except for Alaska, Hawaii, Louisiana, and West Virginia, the program is offered through American Insurance...
Hearn of CGSC to Become CEO of Lloyd’s Broker CGNMB After Newman Retires
Apr 18 2016 // CGNMB LLP, the London-based Lloyd’s broker, announced that Gordon Newman will retire from his role as CEO on April 20. Subject to regulatory approvals, his role and responsibilities will be assumed by Steve Hearn,...
Agents Storm Capitol Hill
Apr 18 2016 // Independent insurance agents and brokers from all 50 states convened in Washington, D.C., last week for the biggest and most effective industry gathering of its kind: the Big “I” Legislative Conference. Our...
Farewell: Alan Shulman’s Final Column
Apr 18 2016 // Sit down… This is going to be a strange column. First, it’s my last one, as I have just retired. Second, it’s structured as a self-interview. And third, it’s written in the first person; something I...
