Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Latin American Association of Insurance Agencies Statement on Adjournment of Florida Special Session on Property Insurance
May 26 2022 // Tallahassee, Fla., May 26, 2022 – Following the adjournment of the Florida special session on property insurance, the Latin American Association of Insurance Agencies (LAAIA) released the following statement, attributed...
Insurance Agents Should Promote Business Service Bonds
May 24 2022 // This post is part of a series sponsored by Old Republic Surety. Business bonds and fidelity bonds are easy cross-sells to many commercial clients. Incorporate them into your annual review of their coverages. We like to...
Memo to Brokers: Stick With Loyal Insurers/MGAs, Price Isn’t the Only Differentiator
May 23 2022 // Instead of oscillating between extreme hard and soft markets, the insurance industry needs to promote a more sustainable business model that will help control the insurance cycle, according to an executive at the insurer...
British Insurance Brokers’ Assn., Allianz Create Digital Guide to Combat Underinsurance
May 23 2022 // The British Insurance Brokers’ Association (BIBA) and Allianz have developed a digital guide to support brokers in helping their customers avoid the risks of being underinsured. Underinsurance occurs when you have...
Two of Central Kentucky’s Oldest Agencies Merge
May 20 2022 // Two of the oldest insurance agencies in Central Kentucky have merged. Rightmyer Insurance Agency in Danville, founded in the 1930s, has joined forces with Sam Dexter Insurance Agency, which began in 1954, according to a...
Global Broking Network Brokerslink Adds First Tech Firms as Members
May 19 2022 // Brokerslink has added six technology firms as members – the first non-broking or risk consulting firms to join the global network since its creation in 2004. These “B.tech affiliates” signal the...
Lloyd’s Broker Superscript Offers Insurance for Crypto, Digital Asset Businesses
May 13 2022 // Lloyd’s broker Superscript has launched a dedicated product for distributed ledger technology (DLT), digital asset, and blockchain businesses. The product, named Daylight, will help digital asset businesses secure...
Howden Acquires Singapore-Based AEGIS Insurance Agencies
May 12 2022 // Howden Insurance Brokers (Singapore) Pte Ltd., the international insurance broker and subsidiary of Howden, announced it has acquired the business and assets of AEGIS Insurance Agencies Pte., a Singapore-based specialist...
Australia’s AUB Group Agrees to Purchase UK Broker Tysers for US$615.2 Million
May 10 2022 // Australia’s AUB Group has entered into a binding agreement to purchase UK insurance broker Tysers for A$880 million (US$615.2 million) from private equity firm Odyssey Investment Partners. AUB Group recently raised...
People Moves: Zurich Adds Sustainability Posts; Pie Attracts 4 Execs; Big ‘I’ Names Invest Chief
May 6 2022 // Zurich Creates Role to Support Energy and Construction Clients With Sustainability Zurich North America has created three roles to support its construction and energy customers in their sustainability...
AgentSync Launches Contracting Solution to Simplify the Carrier Contracting Experience Following the Acquisition of eContractPro
May 5 2022 // Insurance technology leader unveils the most efficient solution to streamline all carrier contracting needs, from managing carrier requirements to tracking producer status. Denver, CO, May 5, 2022 –– AgentSync, the...
Cross Insurance Acquires Humphrey, Byfield Agencies in Coastal Massachusetts
Apr 29 2022 // Cross Insurance announced the acquisition of Newburyport, Massachusetts-based Harold Humphrey Insurance Agency, Inc. and its sister agency, Byfield Insurance Agency, Inc., both offering personal and small business...
Former California Insurance Agent Sentenced for Stealing Premiums
Apr 29 2022 // Formerly licensed insurance agent Narek Harutyunyan, 31, of Camarillo, California, was sentenced this week in Ventura County Superior Court on two felony counts of grand theft after Harutyunyan reportedly stole insurance...
A Different Kind of Guard: Agent Watches NFL Draft With Eye on Protecting Players
Apr 28 2022 // Like millions of Americans, Timothy Radcliff will be glued to the NFL Draft the next couple days. Radcliff’s interest in the draft isn’t predicated on which quarterback goes off the board first or whether the...
California Cites Agencies, Foster Farms $3.8M for COVID-19 Sick Leave Violations
Apr 27 2022 // The California Labor Commissioner’s Office cited three temporary staffing agencies as well as joint employers Foster Farms, LLC and Foster Poultry Farms nearly $3.8 million for failure to inform 3,476 temporary...
Last Stockpile of Chemical Nerve Agent Destroyed in Kentucky
Apr 22 2022 // The last stockpiles of a deadly chemical agent in the U.S. have been safely eliminated, according to Kentucky officials in charge of destroying the Cold War-era weapons. The final M55 rocket containing VX nerve agent was...
Risk Strategies Acquires Texas’ Advisor Brokerage Services
Apr 21 2022 // Risk Strategies has acquired full-service insurance brokerage and risk management consulting firm Advisor Brokerage Services (ABS). Terms of the deal were not announced. Although well established in the state, ABS is the...
Hilb Group Acquires Vermont’s Paige & Campbell and Taylor Palmer Agencies
Apr 21 2022 // National insurance agency The Hilb Group reports it has acquired Vermont-based Paige & Campbell, Inc., and its subsidiary the Taylor Palmer Agency in Bradford, expanding the company’s growing presence throughout...
Florida Agents Must Return $4M in Unearned Commissions From Insolvent Gulfstream
Apr 21 2022 // Insurer insolvencies are hard enough on policyholders and company executives, but local agents across Florida also are feeling the pain from one recent liquidation and may soon feel it from others. The Florida Department...
Former California Insurance Agent Arraigned for Stealing Premiums
Apr 20 2022 // Former California insurance agent Marc Leigh Miles, 71, formerly of Irvine, and currently residing in Eagle, Idaho, was arraigned on nine felony counts of grand theft, insurance fraud, and forgery after allegedly stealing...
