Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Property Specialist Otis Sanders II Joins Breckenridge Insurance Services as Vice President, Broker
Nov 5 2015 // Atlanta, GA, November 5, 2015 — Breckenridge Insurance Services, a leading specialty wholesale commercial brokerage firm, is pleased to announce Otis Sanders II has joined the organization as vice president, broker....
MarketScout Hires McGee as Workers’ Compensation Broker in Philadelphia
Nov 4 2015 // MarketScout, a national electronic insurance exchange and specialty MGA based in Dallas, has hired John McGee as broker in the Workers’ Compensation Brokerage division. He is based in Philadelphia. In his new role,...
The Case for Independent Agency Optimism
Nov 4 2015 // Over the past few years, dire predictions about the independent agent’s future have gotten a lot of attention. With consumers increasingly adopting the latest technology-driven shopping and buying behaviors, some...
Do’s and Don’ts of E&O Suits
Nov 3 2015 // Ask any agent who has suffered through an errors and omissions (E&O) suit and they will provide sage-like insight into the professional and even personal trials created by such an ordeal. Years ago I met an agent who,...
Arthur J. Gallagher Buys Canada Broker Christie-Phoenix & Its Affiliate, Discovery
Nov 3 2015 // Arthur J. Gallagher, the international broking division of Arthur J. Gallagher & Co. outside of the United States, has extended its investment in Canada with the acquisition of retail insurance broker Christie-Phoenix...
Agent, Cyber-Educate Yourself – and Your Clients
Nov 2 2015 // A recent report showing that cyber insurance premiums will grow globally from $2 billion annually to more than $20 billion over the next 10 years reinforces what most in the insurance industry already know: cyber risks are...
Odyssey Partners Completes Acquisition of Broker Integro
Nov 2 2015 // New York private equity firm Odyssey Investment Partners has completed its acquisition of specialty insurance brokerage Integro Ltd. Financial details of the investment were not disclosed. Integro said its management team...
Pay Attention to Smartphone Security
Nov 2 2015 // Digital security concerns related to the safety of computer systems and use of the Internet are a much discussed topic in this Tech Talk column. But what about the security of smartphones? Now the go-to communications...
Mississippi Insurance Agent Pleads Guilty to Stealing $33K in Premiums
Nov 2 2015 // A former insurance agent in Jackson County, Mississippi’s St. Martin community has pleaded guilty after pocketing more than $33,000 in customers’ money. The Sun-Herald reports that 38-year-old Chad Michael...
Industry Chasing Mobile Consumers with Ads, Apps, Self-Service Options
Nov 2 2015 // Carriers are spending big on advertising, and agencies are working to become increasingly more sophisticated and reach out to more and more people. In the world of insurance, that’s just doing business as usual. But...
Time Is Right to Review Agency E&O Limits
Nov 2 2015 // Fewer independent agencies are facing increased premiums for their agency errors and omissions (E&O) coverage and some experts say that is one reason they should consider upping coverage limits at their next...
‘Misfit’ Doctors, Lawyers: Find a Friend in E&S Market
Nov 2 2015 // Doctors and lawyers are taking up more space in the surplus lines professional liability (PL) markets, with growth and consolidation in the healthcare industry and real estate concerns among the legal field fostering...
South Carolina-Based Marine Insurance Agencies Merge to Form New Company
Oct 30 2015 // Maritime Insurance, LLC and Port City Holdings, LLC dba KSA Marine Insurance, both of Charleston, S.C., have joined to create a new entity, Maritime Insurance International. The new company combines the agencies’...
Partners Insurance Hires McDonald as Broker in Massachusetts
Oct 30 2015 // Bernard J. McDonald V Partners Insurance Group LLC has hired Bernard J. McDonald V as a licensed broker and producer. McDonald is responsible for developing new business and creating customer relationships. He provides and...
Insurance Agents & Brokers in Penn. Announces Newly Elected Directors
Oct 29 2015 // The fall marks a new administrative year for Insurance Agents & Brokers Service Group in Mechanicsburg, Pennsylvania, and its partnership of agents’ associations in Delaware, Maryland and Pennsylvania. The...
Commercial Insurance Rates, Except Auto and Flood, Still Falling: CIAB
Oct 29 2015 // Commercial property/casualty insurance prices continued to decline moderately — an average of 3.1 percent— during the third quarter, according to a survey by The Council of Insurance Agents & Brokers. The CIAB...
Texas Insurance Agent, Another Man Sentenced for Ponzi Scheme
Oct 28 2015 // Two North Texas men, one of whom is a licensed insurance agent, have been sentenced to five-year prison terms and must repay nearly $2.4 million solicited in a Ponzi scheme, according to U.S. Attorney John Parker of the...
California DMV Agreement Changes How Motor Vehicle Records Are Handled
Oct 28 2015 // California agents and brokers are being notified of a new change to how they can handle motor vehicle records. An agreement between representatives from the insurance industry and the California Department of Motor...
Sen. Warren Criticizes Legal ‘Kickbacks’ to Annuity Sales Agents
Oct 28 2015 // U.S. Senator Elizabeth Warren said 13 major U.S. life insurers had admitted to using incentives such as expensive vacations and gifts, which could encourage agents “to put their own interests ahead of their...
Hiscox USA Names Wong as National Broker Manager, Bailey as Southwest Executive
Oct 26 2015 // Specialty insurer Hiscox has appointed Rick Wong as National Broker Relations manager and David Bailey as Southwest regional executive for Hiscox USA. Wong previously served as regional manager for Hiscox USA. In his new...
