Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Hearing Set in Insurance Fraud Case Against Former Kansas Agent
Jul 17 2014 // A federal judge will hear arguments on whether to dismiss the bulk of a wide-ranging indictment accusing a former Kansas insurance agent with stealing nearly $2 million from policyholders. U.S. District Judge J. Thomas...
Getting a Grip on Ridesharing Coverage
Jul 17 2014 // Ridesharing services are becoming increasingly popular among consumers looking for a more convenient alternative to taxis or other forms of public transportation, and new ridesharing companies have been cropping up...
Insurance Journal Co-Sponsors MarshBerry Market & Financial Survey
Jul 16 2014 // How are agencies targeting new business today? Will historical growth rates be sustainable? And just how much do agencies need to reinvest to achieve desired growth and enable perpetuation? These are some of the questions...
Florida’s Heritage Assumes Sunshine State Policies, Adds 150 Agents
Jul 16 2014 // Florida’s Heritage Insurance Holdings Inc. said it has it assumed approximately $59 million in annualized premium from the insolvent Sunshine State Insurance Co. Effective June 27, 2014, the policies were assumed by...
Why Isn’t Current Pricing Pain Impacting Reinsurers’ Ratings? – Litmus Analysis
Jul 16 2014 // Since the disappointing pricing at the 1.1. renewal the bad news on reinsurance pricing has kept on coming. April, June and July renewals were all reported as materially down by the major brokers. S&P adopted a...
Breckenridge Insurance Services Hires Michael J. Foley as Area President to Lead West Coast Brokerage Expansion
Jul 16 2014 // KENNESAW, Ga., July 16, 2014 — Breckenridge Insurance Services, the wholesale commercial brokerage division of Breckenridge Insurance Group, has named Michael J. Foley as area president to head up West Coast brokerage...
Iowa Agent Gets 41 Months in Prison for Defrauding Insurance Companies
Jul 15 2014 // A former Des Moines, Iowa, insurance agent was sentenced to 41 months in prison for insurance fraud, the Iowa Insurance Division announced. Melissa Ilene Williams, of Dike, Iowa, also was ordered to pay restitution for...
USG Insurance adds Chang in Southern California
Jul 15 2014 // USG Insurance Services Inc. added Perry Chang as producer/broker in its Irvine, Calif. office. Chang most recently held the position of broker at Scottish American. Past positions include vice president of sales at Artisan...
ITC Expands Comparative Rating System, TurboRater, to Nevada
Jul 11 2014 // Insurance Technologies Corporation (ITC), a provider of marketing, rating and management software and services, has expanded its comparative rating system TurboRater with its release of automated insurance rating...
Georgia Agent Accused of Home, Crop Insurance Fraud
Jul 11 2014 // An Eastman, Georgia, insurance agent has been charged with insurance fraud and forgery in connection with homeowners and crop insurance policies she sold in the middle Georgia. Officials said warrants have been issued for...
TWFG Top 2014 Branches, Agents Honored
Jul 10 2014 // Texas-based The Woodlands Financial Group (TWFG) honored the top branch offices and agents from across the network of more than 300 insurance agencies affiliated under the TWFG Insurance Services umbrella with awards. The...
Atlantic Specialty Lines Opens New Louisiana Office with Danny Gendusa to Lead Initiative
Jul 10 2014 // Hammond, LA, 7/10/14– Atlantic Specialty Lines (ASL), a wholesale broker and specialty lines MGA offering a variety of property, casualty, auto, professional, and personal lines coverages, continues its expansion by...
Judge Dismisses Ex-Broker’s Privacy Claim Against Regulatory Website
Jul 10 2014 // A U.S. judge threw out a lawsuit against the Financial Industry Regulatory Authority (FINRA) by a former broker who alleged that disclosures on the regulator’s public database violated his privacy rights. The former...
Agent Appointment Fee Reduction in Ohio Expected to Save Insurers $11.3M
Jul 9 2014 // A reduction in the fee insurance companies pay to “appoint” insurance agents is expected to result in $11.3 million in reduced annual costs, Lieutenant Governor and Department of Insurance Director Mary Taylor...
Aspen U.S. Appoints Kotsiopoulos As Broker Relationship VP
Jul 9 2014 // Aspen U.S. Insurance said George Kotsiopoulos has joined as vice president, Broker Relationship leader. Kotsiopoulos joins Aspen U.S. Insurance with underwriting and distribution experience from previous positions at...
Hub International Acquires Canadian Broker Gibson Insurance
Jul 9 2014 // Hub International Limited announced that it has acquired the shares of Gibson’s Insurance Agency Ltd., a Manitoba Canada-based insurance brokerage. Terms of the acquisition were not disclosed. The announcement said...
All in the Family: Father and Daughter Honored by Texas Agents
Jul 7 2014 // A father-daughter team were awarded some of the highest honors bestowed upon independent agents in Texas at the Independent Insurance Agents of Texas annual conference and trade show, held recently in San Antonio. Kelly...
Getting a Grip on Ridesharing Coverage
Jul 7 2014 // Ridesharing services are becoming increasingly popular among consumers looking for a more convenient alternative to taxis or other forms of public transportation, and startup ridesharing companies have been cropping up...
Agency Ownership of Expirations
Jul 7 2014 // Agency ownership of its expirations is core to agency culture, core to the agency’s value, and core to the owners’ livelihoods. Yet today, the ownership and even more important, the value of the expirations, is...
The Strange Case of the Use and Abuse of Insurance Ratings
Jul 7 2014 // Ratings, and rating agencies, occupy a contradictory place in many markets – not least in commercial lines insurance and reinsurance. They are very heavily relied on by both buyers and brokers, yet subject to a great...
