Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Agency Salary Survey: Why Money Isn’t Everything to Agency Hires
Feb 21 2022 // Salaries and total compensation rose in 2021 for all levels of empoloyees reporting in the Insurance Journal Agency Salary Survey. But while insurance agency personnel on average made more money last year, their...
Building Digital Relationships with Insurance Customers — A Good Website Is Not Enough
Feb 21 2022 // Does my agent understand my particular risks? Will they make sure my coverage doesn’t lapse? Are they thinking about my account regularly, or only when it’s time to renew? These are common questions insurance...
How Do You Know When It’s the Right Time to Partner With a Network?
Feb 21 2022 // Worried about what could be next for your agency? It has been a chaotic couple of years — and many forward-thinking businesses are focused on improving revenue, expanding their client base and future-proofing their...
People Moves: The Liberty Insurance Brokers in California Names Ahuja COO; Cruz Regional Vice President of Kinetic Insurance
Feb 18 2022 // The Liberty Insurance Brokers named Sonia Ahuja chief operating officer. Ahuja has more than 25 years of experience in the industry, with prior stops at Venbrook Insurance Group, Farmers Financial Services, Cetera...
Insurers Taking Battle with Commissioner to Washington Supreme Court
Feb 17 2022 // Insurer groups this week sought to take their battle with Washington Insurance Commissioner Mike Kreidler to the Supreme Court of Washington. The American Property Casualty Insurance Association, the Professional Insurance...
Insurtech bolttech Buys Singapore-Based Specialist Broker AVA Insurance
Feb 16 2022 // bolttech has completed the acquisition of AVA Insurance Brokers and AVA Insurance Agency, a Singapore-based specialist broker and insurance intermediary. The acquisition follows bolttech’s completion of its US$247...
Insurance Broker Hengguang Among Chinese Firms Filing Small New York IPOs
Feb 15 2022 // At least six Chinese companies have lodged documents for New York listings in recent weeks, filings showed, promising an end to a months-long freeze after an unprecedented clampdown last year by Chinese...
Liberty Company Insurance Brokers Acquires LAGG in Arizona
Feb 15 2022 // The Liberty Company Insurance Brokers acquired LAGG in Mesa, Arizona. LAGG was formed in 2016 by Rick Mascolino. The agency helps its clients in construction, transportation and personal lines. The Liberty Company...
California Commissioner, Emergency Agencies Issue ‘Safer From Wildfires’ Framework
Feb 14 2022 // California Insurance Commissioner Ricardo Lara and emergency management leaders in Gov. Gavin Newsom’s Administration on Monday announced “Safer from Wildfires,” an insurance framework that incorporates...
People Moves: Burns & Wilcox Adds 5 to Private Client and Flood; AmTrust Forms New E&S Leadership Team Led by Bublitz
Feb 14 2022 // Wholesale insurance broker Burns & Wilcox has added five new associates across the country to its private client and flood teams within its Personal Insurance practice group. The professionals joining Burns &...
SEC Fines Iowa Insurance Agent $112,000 For Oil, Gas Investments
Feb 11 2022 // The U.S. Securities and Exchange Commission has fined a Bettendorf, Iowa insurance agent nearly $112,000 for selling unregistered securities tied to oil wells in Texas. The agency said in filings that Cody Christopher...
Unlicensed California Agent Sentenced for $1.4M Insurance Fraud
Feb 11 2022 // Unlicensed insurance agent Karyl Lynn Reed, 58, formerly of Cosa Mesa, California, was convicted last week on multiple felony counts of embezzlement and white-collar fraud enhancements after defrauding three victims of...
People Moves: Liberty Specialty Mkts Names Beattie Head of War & Terrorism; New Dawn Risk Hires Aon’s Khan for Professional Risks, Lothbury’s Vernon for Healthcare/Life Sciences
Feb 10 2022 // This edition of International People Moves details appointments at Liberty Specialty Markets and broker New Dawn Risk. A summary of these new hires follows here. Liberty Specialty Markets Names Beattie as Global Head of...
Three Vie for Georgia Insurance Post: Trial Attorney, Insurance Agent, Former Cop
Feb 10 2022 // Although the election is still months away, the race for Georgia insurance commissioner already is a campaign of firsts — and some strong rhetoric aimed at insurance companies and regulators. Janice Laws Robinson, an...
XPT Specialty Acquires Indiana’s Insurance Brokers Incorporated
Feb 9 2022 // XPT Specialty has acquired Insurance Brokers Incorporated, headquartered in Indianapolis, Indiana, in a move that continues a series of acquisitions for the company. IBI is a wholesale insurance broker and general agency...
AgentSync Asking MGAs to Take Poll
Feb 9 2022 // This post is part of a series sponsored by AgentSync. Personal ask: Please take our poll. MGAs don’t always get a lot of love, and we at AgentSync are trying to change that. The last year was one of mind-expanding...
Another Big Insurer Stops Writing Homeowners Policies in Florida
Feb 8 2022 // The Florida property insurance market is showing more signs of trouble, with one of the state’s largest carriers deciding to stop writing new homeowner business in the state – while also asking for a rate increase...
People Moves: Brace Underwriting Adds Dorr; Brown & Riding Expands in New York; Mead Heads Vermont Captives
Feb 8 2022 // Brace Bolsters North America Team with Dorr Brace Underwriting Limited announced the appointment of Glenn Dorr as head of distribution, North America, continuing the firm’s expansion. Based in Boston, Dorr will help...
How Agents and Insurtechs Can Work Together
Feb 7 2022 // Independent insurance agents today are different. They’re not your parents’ agencies. Yes, they still provide insurance and build strong client relationships. But they’re also relying on technology more...
Insurance Agency M&As Jumped 30% in 2021: OPTIS
Feb 7 2022 // There were 1,034 announced insurance agency mergers and acquisitions in 2021, up 30% from 795 reported in 2020, according to agency consultancy OPTIS Partners. Also, the 384 deals during the fourth quarter of 2021 marked a...
