Latest Agencies Headlines

All the headlines from our Agencies Topic Page, ordered by recency.

Insurance Agency Management System Tech Firm Veruna Raises $6 Million

May 6 2019 // Veruna, a Massachusetts-based insurance technology developer of an agency management system built on the Salesforce platform, said it completed a $6 million Series A funding round. Founded in 2015, Veruna offers a...

JLT Re’s Chandler Joins Reinsurance Broker BMS as U.S. Operations President

May 6 2019 // Reinsurance broker BMS Group has named Pete Chandler as president of its U.S. reinsurance operations. Chandler joins from JLT Re, where he was deputy CEO of the U.S. reinsurance broking arm of the group. He joined JLT Re...

A Case for Updated Insurance Licensing Exemption Regulations

May 6 2019 // Harken back to 2002 — a time when iPhones, Android phones, even Blackberries, had yet to be introduced. Facebook, Twitter and YouTube were years away from their debuts, and streaming content on Netflix was still a...

People

May 6 2019 // Robert Bauer has joined insurance broker Marsh to lead its U.S. Sharing Economy & Mobility Practice. Bauer will focus on developing and delivering products and services to companies operating in the new economy while...

Resolving Insurance Coverage and Claims Disputes: Advocacy

May 6 2019 // In the past two columns, we’ve examined the importance and value of avoiding or preventing claim denials so we don’t have to deal with resolving them, especially with the specter of litigation hovering over us....

Expanding Medical Urgent Care Market Offers Opportunities for Agents

May 6 2019 // Over the past decade, urgent care facilities have emerged as popular, convenient and cost-effective alternatives to primary care physicians and hospital emergency rooms. The number of urgent care facilities in the United...

The Need for Agents (to Do Their Jobs)

May 6 2019 // I received a nice notice from my commercial GL carrier advising the coverages at renewal would materially change. Admitted carriers have to provide such notices (E&O point: exceptions to this rule do exist, even for...

MyNewMarkets.com Upgrades With New Agent Features, Enhanced Search

May 6 2019 // MyNewMarkets.com unveiled a redesign with new features for both agents hunting for markets and providers offering solutions. The site, first launched in 2007, is now the leading search engine helping insurance agents find...

MyNewMarkets.com Upgrades With New Agent Features, Enhanced Search

May 3 2019 // MyNewMarkets.com today unveiled a redesign with new features for both agents hunting for insurance markets and providers offering solutions.The site, first launched in 2007, is now the leading search engine helping...

Future Focused? Research Finds Agents Split on Succession

May 2 2019 // Is succession planning a priority for independent agencies? How prepared are they for transition of ownership?The latest Channel Harvest Research survey, “Agent Voices 2019,” reveals nearly half of agency...

London-Based EC3 Brokers Appoints Murphy from Integro as Head of Broking

May 2 2019 // London-headquartered EC3 Brokers announced the appointment of James Murphy to the newly created role of head of broking.Murphy joined EC3 on May 1 from Integro Insurance Brokers Ltd. and will be responsible for expanding...

Insurance Broking Veterans, Led by McGill, Form Specialty Broker, McGill and Partners

May 2 2019 // Insurance broking veteran Steve McGill and a team of insurance industry veterans have partnered with Warburg Pincus, a global private equity firm, to launch McGill & Partners, a new specialty risk solutions...

Arthur J. Gallagher Acquires Australian Insurance Broker AgriRisk Services

May 2 2019 // Arthur J. Gallagher & Co. announced the acquisition of Australian insurance broker AgriRisk Services Pty Ltd.Terms of the transaction were not disclosed. Headquartered in North Sydney, New South Wales with offices in...

Weed Killer Chemical Glyphosate Is Not a Cancer Agent, Says EPA, Contradicting Juries

May 1 2019 // The U.S. Environmental Protection Agency said on Tuesday that glyphosate, a chemical in many popular weed killers, is not a carcinogen, contradicting recent decisions by U.S. juries that found that it caused cancer in...

MyNewMarkets.com Upgrades With New Agent Features, Enhanced Search

Apr 29 2019 // MyNewMarkets.com today unveiled a redesign with new features for both agents hunting for insurance markets and providers offering solutions.The site, first launched in 2007, is now the leading search engine helping...

In Race for New Personal Lines Insurance Business, Exclusive Agents at Disadvantage

Apr 26 2019 // Personal lines insurers have only one option when it comes to growing their business: they must steal market share from competitors.That’s because each year brings very few new customers. Only about two to three...

Lloyd’s Innovation Drive Faces Headwinds from Some Brokers, Underwriters

Apr 26 2019 // Lloyd’s of London, the world’s oldest insurer of seafaring vessels, is facing its own perfect storm.Old-fashioned business practices, exposure to natural disasters, competition from rival centers and Brexit are...

Former Washington Insurance Agent Pleads Guilty to Theft

Apr 26 2019 // Former Washington insurance agent Abu Ameena Ward has pleaded guilty in Pierce County Superior Court to one count of third-degree theft and was ordered to pay $18,666 in restitution to Farmers Insurance and $700 in court...

Insurtech, Cover, Now Selling Its Own Auto Policies in Texas

Apr 25 2019 // Cover, a mobile-first insurance brokerage, has begun selling its own auto insurance policies in Texas.The new service — an evolution from the company’s nationally-licensed insurance brokerage — combines a...

Direct-to-Consumer Auto Insurers Grabbing Market Share

Apr 25 2019 // Direct-to-consumer auto insurers appear to be gaining serious market traction, according to a report from J.D. Power.The firm reports that auto insurance revenue hit $245 billion in 2018, reflecting industrywide growth of...