Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
California Insurance Broker Sentenced For Scamming Tom Hanks
Nov 6 2013 // A Southern California insurance broker who overcharged Tom Hanks and his wife, Rita Wilson, hundreds of thousands of dollars has been sentenced to more than two years in federal prison. City News Service says Jerry Goldman...
AIG Using Science to Define ‘Broker Quality Index,’ Not Following Market: Benmosche
Nov 6 2013 // Property/casualty insurance brokers who aren’t diligent about the accounts they’re presenting to American International Group risk being discovered through one of the features of the carrier’s analytical...
Insurers Keeping Property-Catastrophe Insurance Price Relatively Flat: NAPCO
Nov 5 2013 // With more than $600 billion in policyholders’ surplus, the insurance industry is very well capitalized in spite of a large loss from Hurricane Sandy last year. But even so, insurers have been keeping the price of...
USG Insurance Services Adds Lee as Producer/Broker in Louisiana
Nov 5 2013 // USG Insurance Services Inc., a national wholesaler and managing general agent, announced the expansion of its Louisiana operations with the return of Gina Lee as a producer/broker based in Mandeville, La.. Lee most...
Integro Canada Acquires Specialty Film Broker Multimedia Risk
Nov 5 2013 // Integro (Canada) Ltd. announced its acquisition of Winnipeg-based Multimedia Risk Inc., an insurance brokerage, which specializes in serving the national and international film and television production industry from...
Confie Head on McKinsey: M&As Indy Agents’ Salvation
Nov 4 2013 // It may not be quite as dire as a “merge or die” mindset, but the message from the head of Confie Seguros is that independent agents should take a hard look at the McKinsey report that claims local independent...
Bates Receives Indiana Insurance Agents’ Industry/Public Image Award
Nov 4 2013 // Mark Bates, from Pinnacle Insurance Group of Indiana in Crown Point, Ind., is the recipient of the Independent Insurance Agents of Indiana’s 2013 Harry P. Cooper, Jr. Industry/Public Image Award. This award is...
NSM Insurance Group Acquires California Broker ELM
Nov 4 2013 // NSM Insurance Group has acquired Executive Liability Managers Insurance Brokers in California. ELM is a 25-year-old professional liability wholesale insurance brokerage with three offices in California. The acquisition...
Miller: Florida Insurers Assume Liability in Agent Appointments, Licensing Verification
Nov 4 2013 // The agent appointment process is not as simple as some think. Insurers that are not careful could find they are in legal trouble. As in so many other areas of insurer operations, due diligence is required in the handling...
Mass. DOI Says Producers May Charge Fees
Nov 4 2013 // Massachusetts regulators last month issued a bulletin announcing that producers for all lines of insurance may charge their clients fees in connection with the sale of insurance products. A statewide independent agent...
Eyeing Affluent Market, Nationwide’s Crestbrook Launches in Illinois
Nov 4 2013 // Well-to-do Illinois residents and their insurance agents now have an additional option when it comes to protecting their assets. Crestbrook Insurance has selected Illinois for the launch of what is essentially a start-up...
Third Quarter Activity Picks Up Pace
Nov 4 2013 // After a sluggish start to the year, merger and acquisition (M&A) activity gained some momentum in the third quarter. With 55 transactions announced from July to September, the third quarter comprised 42 percent of the...
E&O Dangers for Agents
Nov 4 2013 // Specializing is one way to get ahead in today’s insurance world. But becoming an expert comes with its own share of risks. Phrases such as “expert” or “specialist” have the potential to raise...
E&O Insights: What Could Go Wrong When Insuring Habitational?
Nov 4 2013 // Insuring habitational risks has generated more than its fair share of errors and omissions (E&O) claims. While there are a host of issues, consider these specific ones: valuation, ordinance or law coverage and...
Two Legacy Network Executives in Idaho Sentenced
Nov 4 2013 // The former founder and chairman of the board of The Legacy Network, an insurance brokerage agency in Rexburg, Idaho, and his son were sentenced in October in United States District Court in Pocatello. The sentencing was...
Eyeing Affluent Market, Crestbrook Ready to Launch
Nov 4 2013 // Well-to-do residents and their insurance agents can soon look forward to another option when it comes to protecting their assets. Crestbrook Insurance has selected what is essentially a start-up insurance company focusing...
R-T Specialty to Buy Wholesale Broker Westrope
Nov 1 2013 // Chicago-based national wholesale insurance broker R-T Specialty said it has agreed to merge with another wholesale broker Westrope, based in Kansas City, Missouri. Westrope has a national presence with concentrations in...
Maryland’s Chesapeake Employers: Business as Usual for Policyholders, Agents
Nov 1 2013 // Maryland’s largest writer of workers’ compensation insurance and the insurer of last resort adopted a new name and a new corporate structure in October. The 99-year-old Injured Workers’ Insurance Fund...
Rusbuldt on McKinsey 5: Where Will Agents Really Be in 5 to 10 Years?
Nov 1 2013 // Bob Rusbuldt, president and CEO of the Independent Insurance Agents and Brokers of America – the Big “I”- takes issue with a McKinsey report that claims local independent agents will soon be extinct. In this...
Bolt Solutions Acquires Online Aggregator Superior Access (SAIS)
Oct 31 2013 // Bolt Solutions Inc., which provides property/casualty insurance online distribution and comparative rating platforms, has acquired Austin, Texas based Superior Access Insurance Services Inc. (SAIS), which it says is the...
