Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Business Moves – Southeast
Jun 18 2012 // WNS Global, South Carolina An Indian company is slated to open a new facility to process insurance claims and provide insurers other financial and accounting services that could create up to 750 new jobs in South...
Business Moves – East
Jun 18 2012 // American International Group AIG’s property/casualty division Chartis announced the launch of its hospitality and leisure industry practice group, which will provide specialized insurance and risk management products...
Business Moves – Midwest
Jun 18 2012 // strong>Arthur J. Gallagher & Co., Grossman & Associates Arthur J. Gallagher & Co. has acquired Grossman & Associates Inc. in Beachwood, Ohio. Terms of the transaction were not disclosed. Founded in...
Looming Agent Retirements: Carriers Face Major Turnover
Jun 18 2012 // More than 25 percent of independent agency owners and principals are planning to retire or change careers, and sell their firms sometime in the next five years, according to a new survey that explores agent attitudes about...
Wells Fargo Looking to Buy Insurance Brokers, CEO Says
Jun 18 2012 // Wells Fargo & Co., which has been renewing its appetite for acquisitions lately, is interested in buying insurance sales businesses, according to its chief executive. “I love the insurance distribution...
E&O Insights: Why Businesses Need Umbrella Protection
Jun 18 2012 // Umbrellas are apparently not as simple as many would like to believe because various issues involving umbrellas cause more than their fair share of errors and omissions claims. Due to the nature of umbrella coverage, the...
WIAA Adds State Fund to Workers’ Comp Portfolio
Jun 15 2012 // Rancho Cordova, Calif.-based WIAA Insurance Services, the agency arm of the Western Insurance Agents Association (WIAA), has expanded its carrier portfolio with the State Compensation Insurance Fund, of California’s...
Lloyd’s Market Association Issues Guidance in Case of Euro Exit
Jun 15 2012 // The Lloyds’s Market Association (LMA) has joined central banks and other financial instiutions in preparing for a possible euro zone exit. It has issued a “note” giving insurers and brokers guidance on...
MGAA Appoints Comerford as First General Manager
Jun 15 2012 // The UK’s Managing General Agents Association announced the appointment of Jane Comerford as General Manager. She will be responsible for all operational aspects of the Association’s activities, and will work...
SIAA Adds 4 South Central Agencies in May
Jun 15 2012 // The Strategic Insurance Agency Alliance (SIAA) signed four new member agencies in the South Central Region in May. May’s new South Central members are: Morrow Insurance Group of Texarkana, Texas; McPeak &...
Insurance Executives Urge Political Stability in Florida
Jun 14 2012 // Until Florida creates an atmosphere of political and regulatory stability, and allows companies to turn a profit, the private market will remain reluctant to write homeowners in the state, said a panel of insurance...
4 Northeastern Agencies Join Strategic Insurance Agency Alliance
Jun 13 2012 // The Strategic Insurance Agency Alliance (SIAA) said four new agencies in the Northeast region joined the partnership in May. The new members are: Susquehanna Valley Insurance Center of Montoursville, Penn.; Spectrum...
NFL’s QB Young Sues Ex-Agent, Former Money Adviser
Jun 13 2012 // NFL quarterback Vince Young has filed a fraud and breach of contract lawsuit against his ex-agent and a former financial adviser. The Houston Chronicle reports that the lawsuit filed Monday in Houston claims...
SIAA Grows By Six West Agencies in May
Jun 12 2012 // Hampton, New Hampshire-based Strategic Insurance Agency Alliance added six new member agencies from the West in May. May’s new members include: Joseph Torrente of Aptos, Calif. Actera Insurance Solutions of Denver,...
Gov. Scott to Florida Insurance Agents: There’s More Work Ahead
Jun 12 2012 // Fla. Gov. Rick Scott Florida has made a good start on addressing some of the state’s most pressing insurance issues such as pursuing ways to depopulate the state-backed homeowners insurer and reforming the no-fault...
Aon Executive Joins New York-Based Broker Sterling & Sterling
Jun 11 2012 // Woodbury, N.Y.-based brokerage firm Sterling & Sterling Inc. appointed Howard Tollin as president of the environmental services division. In this newly-created position, he will be responsible for working with clients...
Southern Calif. Agents Nabbed In Million Dollar Ponzi Scheme
Jun 8 2012 // A current and a former insurance agent from Southern California have been arrested for allegedly running a million-dollar Ponzi scheme. Edwin Salazar, 34, of Downey, and Michael Zuniga, 41, of Fullerton have each been...
Arthur J. Gallagher & Co. Acquires Broker Benefit Services
Jun 8 2012 // Arthur J. Gallagher & Co. has acquired Broker Benefit Services L.L.C. in Chesterfield, Mo. Terms of the transaction were not disclosed. Founded in 2001, Broker Benefit Services offers employee benefit brokerage and...
N.J.’s Consolidated Insurance Agents Adds 2 Agencies to Network
Jun 8 2012 // Consolidated Insurance Agents, an exclusive network of independently owned and operated insurance agencies in New Jersey, said it added two new agencies to its network in May. BCG Advisors Inc. of Jersey City and Alamo...
8 Things Independent Agents Can Learn From Sam Walton
Jun 8 2012 // Wal-Mart and independent agencies seemingly have little in common. Not so. There are many helpful ideas to cull from Mr. Walton’s amazing odyssey from one store to the largest retailer in the world — as revealed in...
