Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
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...
Top 10 Agency Growth Secrets
Feb 7 2022 // I have the privilege of speaking with many insurance agency entrepreneurs every year. Virtually all of them are interested in growing their businesses, yet only a few actually do accomplish a growth rate above the rate of...
Beazley’s Digital Division Launches, Aiming to Transform Brokers’ Access
Feb 4 2022 // Beazley announced that its global digital trading division, Beazley Digital, is up and running. The new hub brings together underwriting, claims, technology and operational experts into one cross-functional team, to...
LMA Announces ‘At-the-Box’ or ‘In-the-Office’ Availability for Lloyd’s Underwriters
Feb 4 2022 // The board of the Lloyd’s Market Association (LMA) has announced cross-market consensus on underwriters’ in-person availability – either at the Lloyd’s Underwriting Room or in the office. The commitment...
Insurer Groups Sue to Stop Washington Credit Scoring Regulations
Feb 3 2022 // The American Property Casualty Insurance Association, the Professional Insurance Agents of Washington, and the Independent Insurance Agents and Brokers of Washington jointly filed two legal actions to halt the enforcement...
Arkansas Lawmakers Clear Way For Agencies to Enforce Vaccine Requirement
Feb 1 2022 // Arkansas lawmakers on Jan. 28 cleared the way for state-run health care facilities to require employees to get the COVID-19 vaccine after officials warned that blocking the move would jeopardize more than $700 million in...
Commercial Lines Insurtech Sayata Raises $35 Million to Expand Lines
Feb 1 2022 // Sayata, a marketplace for insurance brokers and carriers, added $35 million to its latest funding round. The insurtech previously raised $17 million five months ago, resulting in a total A round of $52 million. Sayata CEO...
MGA Aqueous Secures New Professional Indemnity Capacity From Great American Int’l
Feb 1 2022 // Aqueous Underwriting has secured increased capacity under plans to expand its foothold across the UK professional indemnity insurance market in 2022. The specialist managing general agent can now offer cover for limits up...
Arthur J. Gallagher & Co. Acquires UK Broker Devitt Insurance Services Ltd.
Feb 1 2022 // Arthur J. Gallagher & Co. announced the acquisition of Romford, Essex-based Devitt Insurance Services Ltd. in the United Kingdom. Terms of the transaction were not disclosed. Founded in 1936, Devitt is a privately...
