Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
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...
Rusbuldt on McKinsey 4: Trusted Choice, CAP as Part of Agents’ Internet Strategy
Oct 31 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...
The Ins and Outs of Buying and Selling Insurance Agencies
Oct 30 2013 // Buyer demand for available independent agencies is greater than the supply and it’s been that way for years, according to Rick Bondurant, director of management services for the Independent Insurance Agents of...
Good Alignment Between All Parties Benefits Insurance Agency Buyout
Oct 30 2013 // Situation: A majority partner wants to sell the agency; the rest of the partners don’t. What to do? Gaylon Brown and his partners had that problem last year. When he received a marketing email from Carmel, Ind.-based...
5 CAA Members Elected to Kansas Agent Association Leadership Positions
Oct 30 2013 // Combined Agents of America LLC (CAA), based in Austin, Texas, announced that five of its members/agents were elected to leadership positions with the Kansas Association of Insurance Agents (KAIA). CAA member Bob Wood,...
CPro Associates Adds Morris, Arsenault in Dallas Brokerage Unit
Oct 30 2013 // CPro Associates, a Dallas- based surplus lines wholesaler and managing general agency, has expanded its brokerage department with the addition of Gay Morris and Stephanie Arsenault. Morris previously worked at RISC in...
