Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Wholesale Brokerage R-T Specialty Opens Dallas, Texas Office
Jan 7 2011 // R-T Specialty, LLC (RT), the wholesale brokerage arm of Ryan Specialty Group LLC (RSG) has opened a new office in Dallas, Texas. Rajan Shah will direct the office as president. Shah brings more than 17 years of experience...
Recent Calif. Regulator Actions Create Insurance Agent/Broker Concerns
Jan 7 2011 // Reflecting on Calif. Insurance Commissioner Dave Jones’ recent emergency order to enforce medical loss ratio rules requiring insurers to limit the percentage of premium revenue spent on reimbursement for...
Economist: Oregonian Insurance Agents Can Expect Unsettling Year
Jan 7 2011 // Oregonians should expect a long slow recovery from the recession, and it will be years before the economy returns to pre-recession levels, John Mitchel, an economist and former Western Regional Economist for U.S. Bank,...
USG Adds Holloman as Broker in Georgia
Jan 6 2011 // National wholesale broker USG Insurance Services, Inc. has added Jason Holloman as a property broker specializing in large commercial and catastrophe-exposed risks. He will be based in USG’s office outside...
Marsh & McLennan Agency Acquires Minnesota-based RJF Agencies
Jan 6 2011 // Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., announced it has RJF Agencies Inc., one of the largest independent insurance agencies in the upper Midwest. Terms of the transaction were...
Abel to Head Brokerage Operations of Cooper Gay Non-marine Team
Jan 6 2011 // Cooper Gay, the independent global wholesale, reinsurance and specialist retail insurance broker, has appointed Alan Abel as head of broking and director of its non-marine division. He is based in London, but will also...
Wiseman Insurance Agency Joins ISU Network
Jan 6 2011 // Wiseman Insurance Agency has joined the ISU Network, ISU International announced. Founded in 1935, ISU Wiseman Insurance Agency has been a family run business for four generations and is located in Provo, Utah. Currently...
California Wholesaler Appointing Wholesalers, Surplus Lines Brokers, MGA’s to Write E&O Insurance
Jan 5 2011 // Effective January 5 2011 – Laurel Fowler Insurance Broker, Inc – California based wholesaler is appointing Wholesalers, Surplus lines Brokers and MGA’s in Texas, California, Florida and most States, to...
Marsh Agency Buys Georgia Benefits Brokerage
Jan 4 2011 // Marsh & McLennan Agency LLC reports it has acquired Strategic Benefit Solutions, Inc. (SBS), a $4 million benefits brokerage and consulting firm based in Alpharetta, Georgia. Terms of the transaction were not...
Hub International Acquires Four Western Companies
Jan 4 2011 // Chicago-based Hub International Ltd. (Hub), an insurance brokerage firm, has announced several acquisitions. It has acquired the shares of Hall-Conway-Jackson Inc. and the assets of Cascade Insurance Group Inc., Bothell,...
Six Keys to Harleysville’s Turnaround
Dec 31 2010 // Six years ago, Harleysville Group was in need of a big change. The Pennsylvania-based insurer had just come out of the worst performing year in its history. That’s when newly appointed CEO Michael Browne — who...
California Approves Homeowners Underinsurance Regulations
Dec 31 2010 // California’s Office of Administrative Law (OAL) has approved regulations designed to combat underinsurance and may require insurance agents and brokers to complete additional training. The regulations will take...
Test Your 2010 Insurance News IQ: 25 Questions
Dec 31 2010 // Are you an insurance news hound? Test your insurance news IQ and find out. The following questions and answers (at bottom of the page– don’t cheat!) were developed based on news stories published by...
Top 5 Things Affecting Excess & Surplus Market in 2011
Dec 30 2010 // It has been a challenging few years for those in the excess and surplus (E&S) lines insurance market. An endless soft market, extreme competition from the standard markets, and a bad economy left wholesale and retail...
Calif. Commissioner Poizner: Insurance Agent Advice Critical
Dec 30 2010 // As California’s third elected insurance commissioner, Steve Poizner has had a wealth of accomplishments. Among other things, he: reduced the Department of Insurance’s operating budget by 13 percent, which...
People’s United Merges Its Insurance Agencies
Dec 28 2010 // Connecticut-based People’s United Bank said it will combine all of its insurance agencies into a single business entity — People’s United Insurance Agency — that will be headed by one management...
12 Days of Riskmas: An Insurance Broker’s Story
Dec 23 2010 // In giving her Christmas gifts for 12 straight days, a true love inspires his girlfriend to build a whole new life. It’s a joyful story for the holidays but one that comes with risks. According to the popular...
New York Agents Plan Court Appeal over Pay Disclosure Rules
Dec 23 2010 // Two New York agents’ groups said they have taken the first steps to appeal a decision by state court judge allowing state insurance regulators to force brokers to reveal their commissions. The Independent Insurance...
Insurance Year in Review: East Edition
Dec 23 2010 // The touchy subject of agents’ commissions dominated headlines in 2010 — particularly in New York where regulators unveiled new rules that will force agents to reveal to clients how much they are paid. That...
2010’s Top Insurance Stories in the West
Dec 23 2010 // In 2009, independent insurance agents and brokers faced a “perfect storm” with the economic downturn, premiums at a fraction of what they used to be, and unemployment and home foreclosure rates up, said Kevin...
