Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Finding the right balance: Time to get creative with comp
Feb 24 2020 // What makes employees happy at work? Is it pay? Is it benefits? Culture, leadership or employee development opportunities? In today’s competitive insurance job market, it’s all of those and more. Employee...
Allstate’s Growth Plan Includes Shift in Agent Commissions, Hike in Advertising
Feb 24 2020 // Allstate first disclosed its Transformative Growth Plan in December, an effort to overhaul how it does business, boost efficiency and reduce expenses. During the Illinois-based property/casualty insurer’s Q4 2019...
Why Small Agencies Struggle to Hire New Producers
Feb 24 2020 // It’s hard to find a needle in a haystack, unless you know what you are looking for The very best agencies that are committed to hiring new producers, who have senior leaders dedicated to recruiting, a bevy of...
New Rules Open Doors for Licensing Military Spouses as Surplus Lines Agents in Texas
Feb 24 2020 // Texas has increased the eligibility of military spouses to be licensed as a surplus lines agent in the state, according to the Surplus Lines Stamping Office of Texas (SLTX). Under new rules adopted by the Texas Department...
Idaho Insurance Agent Sentenced for Mishandling Funds
Feb 21 2020 // A licensed insurance producer from Emmett, Idaho, has been sentenced for misappropriation of fiduciary funds. Casandara H. Aune admitted to receiving cash for a client’s premium payment but reportedly did not apply...
Cannabis Insurance Group Expands Coverages, Adds Managing General Agent
Feb 20 2020 // Garnet Underwriting Managers (GUM), the managing general underwriter assigned to manage Garnet Casualty Insurance Corporation, has signed its first managing general agent, Conway E&S of Warrendale, Penn. This is a step...
BHSI Taps Swiss Re’s Weinmann to Head Customer & Broker Engagement in Germany
Feb 20 2020 // Berkshire Hathaway Specialty Insurance (BHSI) announced further expansion of its European team, naming Daniel Weinmann as head of Customer & Broker Engagement in Germany. Weinmann comes to BHSI with more than 20 years...
Viewpoint: 3 Ways Technology Makes Insurance Broker RFP Responses Easier
Feb 19 2020 // Requests for proposals (RFPs) are everywhere these days. As internet sourcing makes the market more competitive, insurance brokers who are able to quickly and accurately complete RFPs can see huge benefits and gain a...
Renaissance Alliance Insurance Services Adds 3 Agencies to Florida Network
Feb 19 2020 // Renaissance Alliance Insurance Services, a nationwide membership alliance for independent insurance agencies, has added three independent insurance agencies to its Florida network. The new members include: Bellken...
B3i’s Blockchain Platform Places 30 Reinsurance Contracts, Including Cat XoL Treaties
Feb 14 2020 // B3i Services AG, a two-year-old company owned by members of the insurance industry, announced that 30 contracts of reinsurance have been concluded on its platform, including some of the most complex catastrophe excess of...
Real Estate Investor and Property Insurance Program Webinar for Agents to be Held Tuesday, February 18
Feb 14 2020 // Atlanta, GA, February 14, 2020 — The Specialty Property team at Blue River Underwriters will host an informative webinar on the real estate investor property insurance market and other commercial excess and surplus...
Idaho Falls Agent Pleads Guilty to Insurance Fraud
Feb 14 2020 // Idaho insurance agent Misty A. Adams was taken into custody this week after being sentenced for insurance fraud. A licensed insurance producer from Idaho Falls, Adams, 45, reportedly backdated her son’s auto...
NFP Buys Canada Political Risk and Trade Credit Broker, Indemnis Trade Risk Mgmt
Feb 11 2020 // NFP, the New York City-based insurance broker and consultant, announced the acquisition of Indemnis Trade Risk Management Ltd. Financial details of the transaction, which closed on Dec. 10, 2019, were not...
Maryland Cybersecurity Bill Would Set Defense Plan for Local Agencies
Feb 11 2020 // A new Maryland bill would ask the state’s Department of Information Technology to develop a baseline plan for localities within the state to help battle cyber attacks. Senate bill 120, introduced by Sen. Susan Lee,...
Allstate’s Growth Plan Includes Shift in Agent Commissions, Hike in Advertising
Feb 10 2020 // Allstate first disclosed its Transformative Growth Plan in December, an effort to overhaul how it does business, boost efficiency and reduce expenses. During the Illinois-based property/casualty insurer’s Q4 2019...
Take a ‘Deep Dive’ Into the Nonprofit Sector: Nonprofits Treading Water as Market Hardens
Feb 10 2020 // The task of insuring nonprofit organizations is a complex one and agents, brokers, underwriters and carrier representatives say that in order to fully serve those entities that serve our communities in myriad ways,...
20 Noteworthy Agency Merger Stories of 2019
Feb 10 2020 // 1. January Nationwide Acquires Liability Insurance Program Manager E-Risk Services: Nationwide acquired a New Jersey privately held program manager specializing in management liability lines. Nationwide said E-Risk will...
Insurance CEO Takes Fight for Nonprofit Coverage to Congress
Feb 10 2020 // Pamela Davis, president, founder and CEO for the Nonprofits Insurance Alliance (NIA), is on a mission to help nonprofits be successful at their mission by ensuring insurance is affordable and available. She started the...
Private Equity Still Driving Agency M&As
Feb 10 2020 // Digital Buys Getting Some Attention; Buyers Getting Bigger; Prices Going Higher; Eyes on Digital The private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory...
How Brokers Stay Relevant? Be Nimble With Your Value Props
Feb 10 2020 // Commercial brokers, the future is bright. As you contend with an increasingly automated, digitally-enhanced insurance industry, rest assured your expertise remains valuable for your clients. That is, if you can adapt to...
