Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
ACE Names Leaders for New Chubb Business Units, Major Product Lines
Sep 8 2015 // ACE Limited today revealed the leadership teams for the company’s North American business units, including national accounts, middle market, small commercial, high net worth personal lines, wholesale/excess and...
Castel Underwriting Agencies Appoints Powell as 1st Claims Manager
Sep 8 2015 // Castel Underwriting Agencies, the club-style MGA formation platform, has today appointed Vanessa Powell as its first claims manager. Powell joins from Mitsui Sumitomo Insurance Group where she was aviation claims manager....
Palmer & Cay of Texas: Focused on Specialization
Sep 8 2015 // Georgia-based Palmer & Cay may have a lot of history behind it but what’s driving the expansion of the independent insurance brokerage into Texas is a very modern sense of what it takes to succeed in the...
2 Miami Residents Accused of Conducting $200K in Illegal Insurance Transactions
Sep 8 2015 // The Florida Department of Financial Services’ Division of Insurance Fraud (DIF) announced the arrests of Miami residents Alina Del Prado, 60, and Karla Patricia Figueroa, 40, who are accused of deceptively using...
What to Know About Insurance Company Financial Status
Sep 7 2015 // I recently listened to an insurance company executive give a discombobulated, “woe is me” speech to a room of agents who were largely ignorant of carriers’ financial success. To summarize his...
Dressing Up for the Wedding: Book of Business, Part 2
Sep 7 2015 // You can’t take it with you. Every business owner will eventually “sell” his or her business. It can either be on terms the owner defines, or it can be based on whatever happens at the end. So, if an owner...
Survey Examines Agents’ Views of Agency Aggregators
Sep 7 2015 // About a quarter of independent insurance agents say they work at a firm that belongs to an aggregator cluster. But very few whose agencies don’t already belong to an aggregator want their firms to join one, a fact...
MGAs Next to Feel Impact of Capital Markets: AmWINS’ DeCarlo
Sep 7 2015 // Steve DeCarloNow that traditional reinsurers are adjusting to the idea that third-party capital providers have moved into their space, managing general agents (MGA) may be next to feel the negative impact of new capital,...
Plymouth Rock’s ‘Prime’ Combines Online Sales With IA Channel
Sep 7 2015 // Plymouth Rock Assurance — a Boston-based auto insurer serving Massachusetts, Connecticut and New Hampshire — launched a new online tool called “Prime.” The insurer says the new tool will give...
Hub International Acquires Agencies in Washington and California
Sep 3 2015 // Hub International Ltd. has acquired the assets of Arrow Insurance Service Inc. in Simi Valley, Calif. and it has acquired the assets of EmSpring Corp. in Washington. Terms of the deals were not disclosed. Arrow provides...
AssuredPartners Acquires Colorado Insurance Broker Sisk & Co.
Sep 3 2015 // AssuredPartners Inc. has acquired Sisk & Co. of Denver, Colo. The agency’s 27 employees will continue to operate from the Denver headquarters under the local leadership of Principal Thomas J. Sisk. Sisk & Co....
Triton Insurance Group Hires New Agent
Sep 3 2015 // Cole Millican Florida’s Triton Insurance Group, a provider of home, auto, business, motorcycle, umbrella, boat and workman’s compensation insurance, has appointed Cole Millican as its newest agent. According to...
U.S. Risk and Strategic Program Managers Announce a New Affiliation
Sep 3 2015 // Dallas, TX, September 3 2015- U.S. Risk Insurance Group, Inc. (www.usrisk.com), the sixth largest managing general agency and surplus lines wholesaler in the nation, announced they have entered into an agreement involving...
Miami Agent Arrested for Operating With Expired License, Stealing Premium Funds
Sep 2 2015 // The Florida Division of Insurance Fraud announced the arrest of Tania Michel, 41, for failing to notify the Department of Financial Services of a federal fraud conviction, continuing to work in the insurance industry after...
Treasury Increases Main Street America’s Surety Bond Capacity to $93.4 Million
Sep 1 2015 // The U.S. Department of the Treasury has raised The Main Street America Group’s NGM Insurance Company’s single surety bond capacity threshold to $93.4 million. The Jacksonville, Fla.-based super-regional...
Kansas Insurance Regulators Considering More Agent CE Hours
Sep 1 2015 // The Kansas Insurance Department is considering whether insurance agents need more training. Currently, the state’s insurance agents are required to complete 12 hours of education every other year. Most states require...
CAA Expanding into Nebraska; Elliott to Lead New Central Region
Sep 1 2015 // The Texas-based agency partnership Combined Agents of America LLC (CAA) announced it is expanding into Nebraska and elected Rick Elliott to serve as central regional vice president. The insurance agency aggregator will be...
Reinsurance Price Drops Moderating? Yes and No, Say Rating Agencies
Sep 1 2015 // Two of the property/casualty insurance industry’s ratings entities – Fitch and Standard & Poor’s – do not see eye-to-eye on whether reinsurance price declines are moderating. Fitch sees the downward...
Texas Legal Insurance Plan Joins Independent Agents Group
Aug 31 2015 // Texas Legal, the statewide nonprofit legal insurance plan founded by the State Bar of Texas and the Texas Legislature, announced it is now a member of the Independent Insurance Agents of Texas (IIAT). Legal insurance...
U.S. Risk to Acquire Florida-Based Strategic Program Managers
Aug 31 2015 // U.S. Risk Insurance Group, Inc. has entered into an agreement involving the acquisition by U.S. Risk of an undisclosed ownership interest in Florida-based Strategic Program Managers, a specialist trucking MGA and broker....
