Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Former Ohio Insurance Agent Sentenced for Stealing Client Premiums
Nov 13 2014 // The Ohio Department of Insurance announced that former Warren insurance agent Timothy J. Mulvey has been sentenced on charges of stealing clients’ premium payments. The Trumbull County Court of Common Pleas sentenced...
Texas Agent Group Acquires LevelFirst, Forms IIAT Services MGA
Nov 13 2014 // The Independent Insurance Agents of Texas (IIAT) announced it is continuing its tradition of providing insurance markets for small independent agencies with the acquisition of Dallas-based managing general agency...
Knight Takes Helm at North Carolina Big ‘I’ Association
Nov 13 2014 // Aubie W. Knight has officially assumed the position of chief executive officer of the Independent Insurance Agents of North Carolina (IIANC), the group announced. Knight comes to IIANC with 21 years experience in the...
World’s Top 15 Commercial Lines Brokers Write 43% of Business: Finaccord
Nov 12 2014 // The world’s top 15 insurance brokers write more than 43 percent of the commercial lines property/casualty business globally, according to a new ranking by London research firm Finaccord. The same report says that the...
3 Birmingham Brokers Join EPIC in Alabama As Agency Principals
Nov 11 2014 // EPIC Insurance Brokers and Consultants, a retail property/casualty insurance brokerage and employee benefits consultant, announced that Crawford McInnis, Brian Tanner and Wilson Long have joined the firm as principals in...
Arthur J. Gallagher Acquires SGB-NIA Insurance Brokers in California
Nov 10 2014 // Arthur J. Gallagher & Co. has acquired SGB-NIA Insurance Brokers headquartered in Woodland Hills, Calif. Terms of the deal were not disclosed. SGB-NIA provides retail property/casualty, risk management and employee...
FBI Reports Decreases in Violent, Property Crimes
Nov 10 2014 // The estimated number of violent crimes in the nation decreased 4.4 percent in 2013 when compared with 2012 data, according to the latest FBI figures. Property crimes decreased 4.1 percent, marking the eleventh straight...
Professor, Former Agent, Adjuster to Head New Alabama Insurance Center
Nov 9 2014 // Dr. Lars Powell has been named the inaugural director of the newly-created Alabama Center for Insurance Information and Research at The University of Alabama. Powell is a professor of finance and holds the Whitbeck-Beyer...
Litmus Analysis on S&P’s Decision to Withdraw ‘Public Information’ Ratings
Nov 6 2014 // A report from London-based Litmus Analysis examines the decision by Standard & Poor’s to withdraw “its entire North American and EMEA ‘pi’ (public information based) insurance ratings. This...
Big Data: It Isn’t Just for Carriers
Nov 5 2014 // This is the era of big data and while it’s no surprise that insurance carriers are big players, the fact is that agents and brokers of all sizes also have a growing stake in big data. While the insurance industry has...
North Carolina Agent Charged for Allegedly Embezzling Client’s Funds
Nov 5 2014 // A North Carolina insurance agent has been charged with embezzlement and obtaining property by false pretense, the state’s Department of Insurance announced. According to the department’s announcement on Oct....
Boston Insurance Brokerage Hires Bordonaro as Broker’s Assistant
Nov 4 2014 // Boston Insurance Brokerage Inc., a national wholesale broker based in Boston, hired Joanne Bordonaro as broker’s assistant in the Property & Casualty Division. Bordonaro spent the last 10 years at Liberty...
Confie Seguros Acquires 2 New York, 1 California Brokers
Nov 4 2014 // Confie Seguros, a national provider of personal lines insurance, has acquired three insurance brokerages, two in New York’s Buffalo area and one in California. Confie Seguros acquired The Insurance Market Agency Inc....
Aon Benfield Buys Safe Brokers to Enhance Presence in Greece, Cyprus
Nov 4 2014 // Aon Benfield, the reinsurance intermediary and capital adviser of Aon plc, has acquired Safe Brokers to strengthen its investment in the Greek and Cypriot markets. Safe Brokers is an independent reinsurance broker with...
Nash to Retire as President of N.H. Association of Insurance Agents
Nov 3 2014 // Robert L. Nash Robert L. Nash, president of the New Hampshire Association of Insurance Agents (NHAIA), has announced his retirement effective Dec. 31, 2014. Nash, president of NHAIA since 2001, has spent 43 years in...
USI Completes Acquisition of 7 Willis Retail Insurance Brokerage Locations
Nov 3 2014 // USI Insurance Services said it has completed its previously announced acquisition of seven retail insurance brokerage locations from Willis North America Inc., part of Willis Group Holdings. Under the agreement, USI...
Boston Insurance Brokerage Hires Roderiques as Workers’ Comp Underwriter
Nov 3 2014 // John Roderiques Boston Insurance Brokerage Inc., a national wholesale broker based in Boston, has hired John Roderiques as an underwriter of workers’ compensation, to further develop and manage the firm’s...
Experts: Insurance Distribution Future Online and Personalized
Nov 3 2014 // The future of insurance distribution was recently discussed at the CPCU Society’s annual All Industry Day in California. The day-long conference at the Sportsmen’s Lodge in Studio City last month included...
Erie Insurance Enters Kentucky
Nov 3 2014 // Erie Insurance Group has begun to offer its products in the Kentucky market. The Erie, Pennsylvania-based insurer said its entry into Kentucky marks its first geographic expansion in more than 10 years. In preparing for...
Claims Trends
Nov 3 2014 // In terms of agency E&O trends, carriers are closely eyeing an uptick in claims severity. According to Curtis Pearsall, president of Pearsall Associates Inc., a risk management consulting firm specializing agency...
