Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Segal Select Insurance Acquires Fiduciary Business from A&R Associates
Jun 6 2013 // Segal Select Insurance Services, Inc. has acquired Broker of Record rights to certain fiduciary liability policies and fidelity bonds previously brokered by A&R Associates in Alexandria, Va. According to Brian Smith,...
Senate Committee Advances National Producer Licensing Reform Bill
Jun 6 2013 // The Senate Banking Committee today voted to send an insurance producer licensing reform measure to the full Senate for consideration. The bipartisan bill — S. 534, the National Association of Registered Agents and...
Marsh to Acquire Brokerage in Dominican Republic
Jun 6 2013 // Insurance broker Marsh has agreed to acquire Franco & Acra Tecniseguros, an insurance adviser in the Dominican Republic that has been acting as Marsh’s local correspondent broker since 1977. Terms of the...
USG Insurance Services Adds Dixon in Louisiana
Jun 6 2013 // USG Insurance Services Inc., a national wholesaler and managing general agent (MGA) has expanded its Louisiana operations with the addition of Jessica Dixon as a producer/broker. She will focus on developing retailers in...
N.H.-Based Northern United Agents Alliance Announces New Agency Member
Jun 4 2013 // The Northern United Agents Alliance (NUAA) announced the addition of Kinney Insurance Agency, based in South Hero, Vt., as the newest member of the alliance. For more than 25 years, Kinney Insurance Agency, with office...
Coastal Homeowners Upset with Insurers, Regulators Over Surge in Insurance Costs
Jun 4 2013 // When Stan Virden moved into his 2,400-square-foot house overlooking a rock-lined canal in 1996, he paid less than $1,000 a year for homeowners insurance. Now, as he seeks to move to Atlanta to be near family, Virden says...
New Fiscal Cliff Taxes and Insurance Agencies
Jun 3 2013 // We are all familiar with the old saying, “the only thing certain in life are death and taxes.” With the new tax laws that came into effect for 2013, we know this is really true now! Capital Gains and Flat Tax...
Positioning with Companies as the Market Changes
Jun 3 2013 // A huge amount of press has been devoted to how important price is to insurance buyers – and it clearly is. But this is not specific to insurance. Price is a key factor in almost all buying decisions, excluding medical...
Order Up – The Restaurant Franchise Program Market
Jun 3 2013 // One industry segment ideal for the program market and somewhat immune to the effects of a battered economy is the fast-food, multi-unit restaurant franchise industry, the experts say. The larger a company grows, the slower...
Agencies See Underwriting Changes in Homeowners Market
Jun 3 2013 // The Professional Insurance Agents (PIA) said its recent survey shows significant market changes in the Northeast — with the homeowners insurance and commercial property market appearing to be most affected by the...
Agents Helping Agents in Recovery from Oklahoma Tornadoes
Jun 3 2013 // Twelve hundred homes damaged or destroyed, 33,000 people impacted and $2 billion in property losses. Those are damage estimates from the deadly F5 tornado that hit the Oklahoma City suburb of Moore on May 20, just one day...
IMO: Virtual Trade Shows Will Catch On
May 31 2013 // I imagined that during my first virtual trade show I’d sort of feel like the sci-fi movie character Tron, mesmerized and captive in some digital man-made construct that has drawn me down to the minute level of...
Michigan Broker Gets 5 Years in $1M Fraud Case
May 31 2013 // A northern Michigan insurance broker accused of fleecing elderly clients out of more than $1 million has been sentenced to 5 years in federal prison. Prosecutors say William Lowder persuaded clients to change their...
Former U.S. Federal Reserve Insurance Counsel Frank Alerte Joins Colodny, Fass, Talenfeld, Karlinsky, Abate & Webb
May 31 2013 // Ft. Lauderdale, FL, 5/31/13 – Frank Alerte, a former executive insurance counsel at the U.S. Federal Reserve, Guy Carpenter and BB&T, has joined the law and governmental consulting firm of Colodny, Fass,...
E&O Insights: Restaurant and Tavern Risks
May 30 2013 // Chances are just about every town in the United States has a restaurant, tavern or pizza parlor. Pursuing this type of risk, then, is common. Yet before taking that first step, do your homework to help you understand that...
Wholesale Broker Sloan Mason Opens Mississippi Office
May 29 2013 // Sloan Mason, a San Diego, Calif.-based wholesale insurance broker and managing general agency, has opened a new office in Jackson, Mississippi. The company specializes in energy, environmental and marine business. Trey...
Willis Acquires Employee Benefits Broker T.E. Burke & Associates in Maryland
May 29 2013 // Willis of Maryland, a unit of Willis Group Holdings plc, acquired accounts and certain personnel formerly associated with T.E. Burke & Associates Inc., an employee benefits insurance broker based in Rockville,...
UK’s APC Lifts Liability, Property Limits to Quote Risks Online
May 29 2013 // The UK-based commercial insurance underwriting agency, APC, announced that it has increased the limits on the majority of its public and products liability risks to £10 million ($15 million] and property risks to £50...
Agents Helping Agents in Recovery from Oklahoma Tornadoes
May 29 2013 // Twelve hundred homes damaged or destroyed, 33,000 people impacted and $2 billion in property losses. Those are damage estimates from the deadly F5 tornado that hit the Oklahoma City suburb of Moore in the afternoon of May...
Burand’s Agency E&O Blog: Tip #33
May 24 2013 // E&S Binding Limits. Extremely few, if any, retail agencies have any binding authority whatsoever with their E&S brokers. This is such a simple E&O tip that most readers probably see it as a complete waste of...
