Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
All Risks Adds White as Casualty/PL Broker in Atlanta Office
Feb 19 2015 // All Risks, Ltd. has announced that Jeffrey White has joined the Atlanta office as a casualty and professional lines broker. White has prior experience in the wholesale and retail insurance sectors as a producer and branch...
Networked Insurance Agents Hires Villegas as Texas Sales VP
Feb 18 2015 // Networked Insurance Agents has hired Henry Villegas as sales vice president in Texas. In this role he serves as the key point of contact for independent agency members in Texas. A native Texan, Villegas has more than 20...
Buying Insurance Is Like Online Dating? Or Loving a Local Agent?
Feb 13 2015 // Buying insurance has been compared to having a root canal and betting with pirates. It’s been called confusing and boring. More than a few have said they’d rather listen to nails on a chalkboard than sit...
California Agents Asked to Inform Customers on Auto Financial Responsibility
Feb 12 2015 // California Insurance Commissioner Dave Jones and state Sen. Ricardo Lara on Thursday urged Californians to make sure they are meeting their obligation to carry minimum liability insurance coverage on their vehicles and...
Rating Agencies Warn OneBeacon After Loss Reserve Charge
Feb 12 2015 // OneBeacon Insurance Group has been dealt a ratings outlook warning from Fitch Ratings and an outright downgrade from Moody’s Investors Service, stemming from substantial adverse reserve development in the 20914...
UK’s Flood Re Appoints Capita as Managing Agent
Feb 12 2015 // The UK’s Flood Re has announced the appointment of Capita as its Managing Agent, following what it described as a “detailed and rigorous public procurement process for a five year contract that led to a number...
Ohio Insurance Department Reveals Top Fraud, Enforcement Cases
Feb 11 2015 // Lieutenant Governor and Insurance Director Mary Taylor announced Ohio’s top fraud and enforcement cases for 2014 investigated by the Ohio Department of Insurance. During the calendar year, the department processed...
Agent-Broker Profitability Reaches Record 21% for 2014: Reagan Consulting
Feb 10 2015 // Agent-broker profitability reached 21 percent for 2014, a new record for the Reagan Consulting Organic Growth and Profitability (OGP) survey that began tracking profitability for agencies in 2008. That median profitability...
XL, RPS/Plus to Offer Professional Liability Coverage to Title, Escrow Agents
Feb 10 2015 // XL Group and RPS/Plus Cos. have expanded their underwriting partnership to bring professional liability insurance to title & escrow agents. According to Erin Fry, head of Programs for XL Group’s Select...
Cameron M. Wilson & Associates Promotes Goldberg in Michigan
Feb 10 2015 // Kalamazoo, Mich.-based Cameron M. Wilson & Associates recently promoted Amanda Goldberg to director of marketing and communication. Goldberg’s duties will include maintaining existing and cultivating new...
Texas Insurance Wholesalers Wary of Retail Agent Association MGA
Feb 9 2015 // In mid-November 2014, Texas’ largest association of independent retail insurance agents took the unprecedented step of acquiring a managing general agency as a way of providing its members greater access to...
Brown & Brown Acquires Liberty Insurance Brokers in Philadelphia
Feb 9 2015 // Brown & Brown Inc. announced that its subsidiary Brown & Brown of Pennsylvania LP has acquired certain assets of Liberty Insurance Brokers Inc. and its related affiliate companies in Philadelphia. Terms of the...
Houston-Based Broker, J.H. Blades, Acquires Energy Rival Burke-Daniels
Feb 9 2015 // J.H. Blades & Co. Inc., an energy-focused managing general agent based in Houston, announced it has purchased wholesale broker Burke-Daniels Co. Inc., which also specializes in the oil and gas energy sector. Terms of...
Valuing Agencies Using Multiples of EBITDA
Feb 9 2015 // Multiples of EBITDA (earnings before interest, taxes, depreciation and amortization) has been used for various business valuations, investment decisions, and loan arrangements for many generations so there is nothing new...
Circle of Diversity Serving Nonprofits and Social Services
Feb 9 2015 // Nonprofit and social service organizations are as plentiful and diverse as the world itself. To better serve communities, nonprofits must bend, mold and adapt to rapidly changing conditions and so must the insurance...
E&O Experts: Agents Not Immune to Cyber Segment Exposures
Feb 9 2015 // In today’s digital world of constant communication through methods like email, texting and social media, consumers expect 24/7 access to everyone, including their insurance agent. And while this access can increase...
5 Cornerstones for Advancing the Insurance Industry’s Digital Technology Strategy in 2015
Feb 9 2015 // It is a brand new year, and for many people that means the promise and potential of resolutions, goals and aspirations. This is the time to plan, to dream, to improve. This can be said for individuals looking to shed a few...
Making New Clients Feel like Family
Feb 9 2015 // In today’s competitive market, an effective client onboarding process is the most important step in cultivating a lasting relationship. In order to develop a solid foundation, insurance brokers must make new clients...
Michigan Regulators Suspend Licenses of Insurance Agent, Agencies
Feb 6 2015 // The Michigan Department of Insurance and Financial Services (DIFS) announced it suspended the insurance licenses of Alia Bahoora and her insurance agencies: Assurity Insurance Agency I, Assurity Insurance Agency II,...
How Large Firm Risk Managers Rate Commercial Lines Carriers, Brokers
Feb 6 2015 // While commercial insurers have traditionally relied upon insurance brokers to manage customer relationships, large company risk managers are looking for both parties to work together to meet their needs, according to a new...
