managing general agent (MGAs) News

After Florida Report, Georgia Senator Wants Investigation into MGAs, Insurer Profits

Concerns about Florida-based insurance carriers masking profits with the help of affiliated companies has spilled across the border into Georgia, with one state senator calling for an investigation. Sen. Nabilah Islam Parkes, D-Duluth, this week sent a letter to Georgia …

Investigations to Legislation: Florida Lawmakers Weighing Insurance Industry Changes

Florida legislative leaders, facing increasing pressure from the public and the press, this week pledged to investigate property insurers’ financial structures. And bills filed before the 2025 Legislature began this week also would require executive pay disclosure by carriers, along …

Let Good Adjusters, Not Expensive Lawyers, Make the Difference on Claims, CEO Says

Harish Kapur, CEO of Across America Insurance Services, likes to tell the story of how his company’s chief defense lawyer became fed up with Kapur’s frequent requests for lower settlements on claims disputes. “He fired us. He literally fired us,” …

InsurTech NY Accepting Applications for Digital MGA Lab

InsurTech NY has opened its application window for its Digital Managing General Agency (MGA) Lab. Applications for the cohort will be accepted through July 15. InsurTech NY brings together carriers, brokers, investors, and insurtech startups for educational conferences, a competition, …

Maryland Authorizes Remote Rather Than On-Site Reviews of MGAs

Insurance companies can conduct remote rather than on-site reviews of their managing general agents in Maryland beginning in October. Gov. Larry Hogan has signed legislation recommended by the state’s insurance regulator and passed by lawmakers. The law repeals the requirement …

The MGA Market Is Back, Confident and Ready to Expand

Having weathered the pandemic of 2020 and a Lloyd’s review of low performing syndicates, managing general agents and their insurer partners are in good spirits and expressing optimism about the business opportunities ahead. Despite the pandemic, confidence is recovering fast …

Workers’ Comp Insurtech Pie Insurance Raises $11 Million

Pie Insurance, an online seller of workers’ compensation policies to small-and-medium-sized businesses, reported it has completed an $11 million Series A funding round. The company, a full stack managing general agent (MGA) operation, currently offers its online buying process that …