Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
American Modern Launches Digital Social Media Toolkit for Agents
Apr 15 2021 // American Modern, a specialty insurance provider of residential and recreational coverage, has launched Social To Go, an online toolkit designed to give agents ways to effectively use social media. According to Kevin...
Xenia Broking to Acquire UK-Based Credit Insurance Alliance (Brokers)
Apr 14 2021 // Xenia Broking Group, the London-based credit insurance and surety specialist, announced it has entered into an agreement to acquire Credit Insurance Alliance (Brokers) Ltd. (CIA). An independent trade credit insurance...
Broker BMS Launches Analytics Platform to Support Clients’ Risk Transfer Goals
Apr 13 2021 // BMS, the London-based independent specialist insurance and reinsurance broker, announced the launch of an analytics platform called Pathlight AnalyticsTM. The platform is designed to harness the collective power of the...
Unlicensed California Agent Sentenced After Stealing $450K in Premiums
Apr 12 2021 // Ai Ling Lee, 61, an unlicensed insurance agent living Hacienda Heights, was convicted of nine felony counts of grand theft after reportedly stealing nearly half-a-million dollars of her small business clients’...
Surplus Lines Broker, Agent or Both? It’s Complicated.
Apr 9 2021 // Increasingly, the world of insurance distribution has become highly specialized, utilizing technology and a multitude of parties to reach customers worldwide. The surplus lines industry is no exception. Surplus lines...
Cannabis Broker Spotlight: Kamel with All-Risks Got into the Budding Business to Help a Friend and He Hasn’t Regretted It
Apr 8 2021 // Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few tips...
Towerstone Acquires Ohio Wholesale Insurance Broker Jacobs & Associates
Apr 8 2021 // Towerstone, a Dallas-based wholesale insurance division of IMA Financial Group, has acquired Jacobs & Associates, a general agent and excess and surplus lines broker based in Strongsville, Ohio. The transaction was...
Correction: Brokerslink Enters into Service Partnership with B. Riley Advisory Services Group in California
Apr 7 2021 // Brokerslink has entered into a service partnership with B. Riley Advisory Services Group in Los Angeles, Calif. B. Riley’s compliance, risk and resilience practice specializes in business continuity, cybersecurity...
Agents, Stand Together in Helping Businesses Understand Standalone Cyber Insurance
Apr 7 2021 // It is well known that small and medium businesses face an ever-increasing risk of cyber attacks. Sixty-three percent reported they had experienced a cyber breach in the last 12 months, when Ponemon surveyed them in the...
North Carolina Agents Launch Distracted Driving Campaign
Apr 7 2021 // The Independent Insurance Agents of North Carolina (IIANC) have launched a campaign designed to inform and educate the driving public, especially parents and young drivers, about the peril of distracted driving, which...
Broker Ardonagh Group Forms Unit for International M&A; Makes 1st U.S. Acquisition
Apr 6 2021 // London-based broker the Ardonagh Group announced the launch of Ardonagh Global Partners (AGP), a unit focused on international mergers and acquisitions. The company also announced its first acquisition in the United...
Iowa Insurance Agent Told to Stop Doing Business in the State
Apr 6 2021 // An Iowa insurance agent has had his license suspended and has been ordered to cease and desist conducting insurance business in the state, regulators say. The Iowa Insurance Division said in addition, Oscar Sanchez of West...
Florida Agents Join Consumer Advocate in Fight Against Contractor Fraud
Apr 6 2021 // As Florida insurers focus on addressing mounting losses in the state’s property insurance market with legislative reforms, rising rates and coverage restrictions, other stakeholders are working to educate consumers...
Insurance Broker Acrisure Raises $3.45 Billion
Apr 5 2021 // Fast-growing global insurance brokerage Acrisure announced it has closed on two transactions representing a significant capital raise of $3.45 billion. BDT Capital Partners, a merchant bank, led a $3 billion investment...
Why Working at Home Brought New Risks for Agencies, Clients
Apr 5 2021 // In some recent Academy of Insurance classes, I’ve been asking people about their working situation. Most of the people I’ve been talking to transitioned for a while to the work from home space, and many are...
Lawmakers from California Want U.S. Departments to Be Year-Round Wildfire Agencies
Mar 31 2021 // California’s U.S. senators and nearly two-dozen representatives are asking the Agriculture and Interior departments to transition their agencies to a year-round wildland workforce because blazes are no longer limited...
Former California Agent Arraigned After Allegedly Stealing from Client
Mar 31 2021 // Formerly licensed insurance agent, Mandy Pruitt, 42, of Visalia, Calif., was arraigned today on one count of grand theft after she allegedly stole more than $4,400 from a client and used the money to pay for personal...
People Moves: Cole from XS Brokers to Rockwood; Westchester’s Roberts, Fred C. Church’s Sanderson Promoted
Mar 30 2021 // Rockwood Programs Names Cole as Chief Marketing Officer Rockwood Programs Inc., a full-service managing general agency, has appointed Carol Cole to chief marketing officer. In this role, Cole is responsible for marketing...
Number of Independent Agencies Dips a Bit: Future One Study
Mar 30 2021 // Despite continued robust agency mergers and acquisitions activity, the number of independent insurance agencies has remained stable at 36,000, a number slightly below the last tally of 36,500 in 2018. That’s...
Southeast Brokers Sterling Seacrest Partners, Pritchard & Jerden to Merge
Mar 26 2021 // Sterling Seacrest Partners, Inc. and Pritchard & Jerden announced they will merge and operate as Sterling Seacrest Pritchard. According to the company, the merger makes it one of the largest privately held, independent...
