Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
California Insurance Agent Convicted of Worker’s Comp Insurance Fraud
Apr 13 2016 // Kannai David Scantlen, 41, of Valley Springs, Calif., a former insurance agent conducting business as Kan I Save Insurance Services, was convicted of insurance fraud and sentenced to 60 days, three years of formal...
Powell to Retire from North Carolina Agents Group; Will Join Appalachian State University
Apr 12 2016 // The Independent Insurance Agents of North Carolina (IIANC) announced that E. Stuart Powell Jr., MA, CPCU, CIC, CLU, ChFC, ARM, AMIM, AAI, ARe, CRIS will retire on July 31, 2016 from his current position as vice president...
Insurance Brokers Say Series of Superyacht Fires Likely Coincidence
Apr 11 2016 // It started with a puff of smoke, seeping slowly into the clear and sunny St. Thomas air on a mid-March afternoon. “I went into a meeting, and when I came out, it was very on fire,” recalled Ryan Nichols, who...
Get the Full View of M&A and Organic Growth Best Practices
Apr 11 2016 // Woodmere, OH, April 11, 2016 – MarshBerry is excited to once again host the MarshBerry 360 Seminar Series. These educational events provide a comprehensive packet of strategies that help insurance agencies and brokers as...
Tribune Shareholder Suit Against Chicago Insurance Broker OK’d to Proceed
Apr 8 2016 // Finding an exclusion in a directors and officers (D&O) policy to be “ambiguous,” an Illinois appeals court has allowed to go forward a lawsuit filed against a large Chicago insurance brokerage by two former...
Final Retirement Advisor Rule Reflects Some Changes Sought by Industry
Apr 6 2016 // U.S. brokers managing retirement accounts must adhere to tough new standards under an Obama administration rule released Wednesday that aims to protect millions of savers from conflicted investment advice. The Labor...
Georgia-Based Trinity Underwriting Managers Hires Finley as Senior Broker
Apr 6 2016 // Trinity Underwriting Managers, Inc. (TUMI), a Georgia-based program administrator, has hired Bonita Finley as a senior transportation broker. Finley will help manage TUMI’s local and intermediate trucking business as...
Commercial Insurers Moderated Rate Cuts Slightly in March: MarketScout
Apr 5 2016 // Commercial insurers eased up slightly on rate cutting in March, according to the MarketScout barometer for the month. After three straight months of price cuts averaging 4 percent, U.S. commercial property, inland marine,...
Former Oklahoma Insurance Agent Pleads Guilty to $500K Scam
Apr 5 2016 // A former insurance agent in Oklahoma has pleaded guilty to scamming $505,126.43 from his clients, the Oklahoma Insurance Department announced. A joint investigation including the OID’s Anti-Fraud Unit led to the...
Regulatory SOS: Leveraging Change to Succeed in the Flood Space
Apr 5 2016 // John Dickson, President of NFS Edge Insurance Agency, Inc. April 5, 2016- Change isn’t always easy. If you’re an insurance agent or WYO facing the April 1, 2016, regulatory changes to the National Flood...
Boston Insurance Brokerage Names Hicks VP in Colorado Office
Apr 4 2016 // Boston Insurance Brokerage has named Zachary Hicks vice president in the Denver Colo. office. Hicks will focus on environmental insurance. He previously was a senior environmental underwriter for Chubb Insurance...
What Young Agents Like & Don’t Like
Apr 4 2016 // This issue of Insurance Journal features exclusive results from the 2016 Young Agents Survey in which more than 500 young agents nationwide shared their views on the insurance industry and their experience as an agent....
‘Brexit’ Would Hurt or Severely Damage Lloyd’s of London: Survey
Apr 4 2016 // A survey of London market insurers, brokers, and service providers revealed that 70 percent believe a U.K. exit from the European Union would hurt or severely damage Lloyd’s of London, according to Haggie Partners, a...
Adding Client Value: Rounding Out Your Portfolio with Private Flood Insurance Options
Apr 4 2016 // John Dickson, President of NFS Edge Insurance Agency, Inc. April 4, 2016- As you may know, the world of flood is changing. As of April 1, 2016, the National Flood Insurance Program (NFIP) is implementing new changes...
BB&T Completes Acquisition of Swett & Crawford
Apr 4 2016 // BB&T Corp. said it has completed its acquisition of wholesale insurance and reinsurance broker CGSC North America (Swett & Crawford) from Cooper Gay Swett & Crawford. North Carolina-based BB&T said it...
Growth in Cyber Coverage Expected as Underwriting Evolves
Apr 4 2016 // With cyber insurance premiums expected to grow from around $2 billion in 2015 to an estimated $20 billion or more by 2025, insurers and reinsurers are continuing to refine underwriting requirements, according to industry...
The Risk in Insurance Reviews
Apr 4 2016 // How is it that a certificate of insurance — that seemingly simple, straightforward and most innocent of documents — can be so complex? The certificate of insurance acknowledges the writing and existence of an...
Conflicts of Interest and Rebating
Apr 4 2016 // Time flies but history repeats. Enough time has passed that many people working in insurance today have no experience relative to the disruption, fear and frustration generated by the inquires of various state attorneys...
Young Agents’ Optimism High on Career Choice, Income and Future of Agency System
Apr 4 2016 // It’s no secret that the insurance industry is facing a huge talent gap. Almost half of all insurance professionals are over age 45, with 25 percent of the industry expected to retire by 2018. That’s a...
Riding Out the “Perfect Storm”: Navigating Change in Today’s Volatile Flood Insurance Market
Apr 1 2016 // John Dickson, President of NFS Edge Insurance Agency, Inc. April 1, 2016- If you are an insurance agent trying to survive in today’s competitive marketplace, you may have dipped your toes in the flood insurance...
