Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
States Still Grappling with Surplus Lines Tax Sharing
Aug 15 2014 // Things have changed a bit for the surplus lines industry since the Non-admitted and Reinsurance Reform Act, (NRRA) part of the Dodd-Frank Wall Street reform legislation, passed in 2010. The NRRA’s implementation has...
Young Agents Rate Flexibility, Career Growth Over Technology: Vertafore Survey
Aug 14 2014 // Technology is not an incentive when it comes to attracting and retaining millennials to the insurance industry but it can provide overall job satisfaction in terms of flexibility and career growth opportunities, according...
Beecher Carlson Names Managing Director of Northeast Casualty Brokerage
Aug 12 2014 // Beecher Carlson Insurance Services LLC, a specialized large account brokerage and a wholly-owned subsidiary of Brown & Brown Inc., appointed Joe Roberta as managing director of the Northeast Casualty...
Arthur J. Gallagher Acquires Cowles & Connell in N.Y.
Aug 12 2014 // Arthur J. Gallagher & Co. announced the acquisition of Cowles & Connell based in Brewster, New York and Meriden, Connecticut. Terms of the transaction were not disclosed. Established in 1892, Cowles &...
AJ Gallagher Acquires Assets of Caribbean Broker Minvielle & Chastanet
Aug 12 2014 // Arthur J. Gallagher & Co. announced that it has acquired certain assets of Minvielle & Chastanet Insurance Brokers located in the eastern Caribbean. Terms of the transaction were not disclosed. The bulletin...
Georgia, South Carolina Teens Win Big ‘I’ Junior Golf Tournament
Aug 11 2014 // Rachel Dai of Milton, Ga., and Keenan Huskey of Greenville, S.C., won the girls and boys divisions, respectively, at the recent 46nd Annual Trusted Choice Big “I” National Championship in Bridgeport, W.V. The...
Former Oklahoma Insurance Agent Sentenced for Embezzlement
Aug 11 2014 // A former insurance agent in Creek County has been sentenced to 120 days in jail for embezzling premium payments from elderly clients, the Oklahoma Insurance Department announced. Donna Laverne Parrick, 50, pleaded guilty...
California Insurance Broker Pays Off Lawsuit With Buckets of Coins
Aug 8 2014 // A California-based insurance broker settled a lawsuit with a Los Angeles man by dropping off buckets full of thousands of quarters, nickels, dimes and pennies, his attorney said. Andres Carrasco, 76, filed a lawsuit in...
Georgia Agent Surrenders License
Aug 8 2014 // A Gwinnett County insurance agent currently under investigation by the state insurance commissioner’s office has agreed to surrender his license to sell insurance in Georgia, according to officials. Insurance agent...
Integro’s Entertainment Practice Acquires London Based Stonehouse Conseillers
Aug 8 2014 // International insurance brokerage and risk management firm Integro has announced its acquisition of Stonehouse Conseillers Ltd., “a London based specialist insurance broker servicing the needs of commercial film...
Ex-Insurance Agent Strikes Plea Deal in Kansas Fraud Case
Aug 7 2014 // A former Wichita insurance agent accused of defrauding policyholders has struck a deal with prosecutors for a 42-month prison sentence. Jason Matthew Pennington pleaded guilty on Aug. 5 to two counts of wire fraud and one...
‘Robust’ Activity Ahead for Agency M&As, Says OPTIS
Aug 6 2014 // There were 165 announced merger and acquisition transactions of insurance agencies in the U.S. and Canada in the first six months of 2014, a jump of nearly 40 percent over the same period in 2013. Also, according to an...
Program Brokerage Corp. Announces 2 Appointments
Aug 6 2014 // Program Brokerage Corp. (PBC), a wholesale subsidiary of insurance broker Hub International Limited (Hub), has hired Michael Kambos as first vice president of the Professional Liability division. Based out of the...
Confie Seguros Acquires Brokerages in New York, Texas, South Carolina
Aug 6 2014 // Confie Seguros, a Huntington Beach, California-based national provider of personal lines insurance, has acquired three insurance brokerages. Among these additions is Bower Insurance, an agency in Lockport, New York,...
Last Chance: Submit Your Sales, Marketing & Agency Management Ideas
Aug 5 2014 // Calling innovative insurance marketers! Share your sales, marketing and agency management ideas with the insurance community and they could be featured in Insurance Journal magazine’s Aug. 18 issue. To submit your...
Soft P/C Market Flattens Independent Agencies’ Organic Growth in Q2: Reagan Consulting
Aug 5 2014 // Independent insurance agents and brokers reported median organic growth of 5.8 percent for the second quarter of 2014, a weakening from 6.2 percent for the first quarter of 2014 and 6.9 percent for the second quarter of...
Wholesale Trading Co-Op Hires Casualty Broker in New York
Aug 4 2014 // Wholesale Trading Co-Op Insurance Services (WTCI) has hired Jennifer Terra as vice president/casualty broker. Terra joins WTCI from Partners Specialty Group, where she specialized in the analysis and placement of complex...
Why risk it?
Aug 4 2014 // Effective Non-Piracy Agreements Protect Your Business Owning an insurance agency does not equate to “owning” the customers it services. If the agents who have the relationships with those customers leave, the...
10 Things to Know About Auto
Aug 4 2014 // State Farm, the largest private auto insurer in the U.S., reported $33.6 billion in direct premiums written for private passenger auto in 2013, representing 18.5 percent of the market share. —The National Association of...
Small Commercial Lines: The Good, The Bad, The Ugly
Aug 4 2014 // Small commercial lines is suddenly the Cinderella of the insurance industry. The previously unwanted stepchild turned beauty queen is being courted, pursued, and being offered dowries for marriage. Dowries and marriage are...
