All the headlines from our Agencies Topic Page, ordered by recency.
Mar 20 2019 // Farmers Mutual Hail Insurance Co. of Iowa (FMH) has a new web-based tool designed to help FMH insurance agencies identify growth opportunities.The new tool, called FMH Bridge, was developed in collaboration with FindBob, a...
Mar 20 2019 // A licensed insurance agent out of Orlando, Fla., was arrested this month for allegedly submitting fraudulent insurance applications to multiple carriers, according to a statement from Florida CFO Jimmy Patronis.Sheila De...
Mar 20 2019 // Brightway Insurance has kicked off its new Independent Agent Program with its first group of seven new Independent Agent Owners.Brightway Insurance, a national property/casualty insurance retailer selling through a network...
Mar 19 2019 // A new study shows that Illinois insurance companies, agents and brokers continue to fuel the economy with quality jobs, revenue and investments, the study’s sponsors say.The recently released study was conducted by...
Mar 19 2019 // Francis A. Mancini, former president and CEO of the Massachusetts Association of Insurance Agents (MAIA), has partnered with Renaissance Alliance Insurance Services LLC (RAIS) working on new business development and...
Mar 19 2019 // Florida’s “one-way attorney fee” statute enacted to protect Florida policyholders from large insurance companies has instead spawned a huge industry of assignment of benefits (AOB) predators who take...
Mar 18 2019 // Nashville-based auto insurer The General has appointed veteran insurance executive Tony DeSantis to president and CEO, joining Chief Operating Officer Steve Tjugum as the company’s top leaders. Elicia Azali has been...
Mar 18 2019 // The single largest expense in an insurance agency is compensation. Salaries, commissions, payroll taxes and benefits usually total between 50 percent to 75 percent of revenue, with most firms having an expense ratio around...
Mar 18 2019 // It’s a good time to be in the restaurant industry. Restaurant sales in 2018 were projected to reach $825 billion — a 3.1 percent increase over 2017, according to the National Restaurant Association (NRA)....
Mar 18 2019 // Workers’ compensation brokers frequently overlook a risk-free method to nearly double their commissions while improving their client’s overall financial position. The use of a captive insurance company to...
Mar 18 2019 // With much of the property/casualty insurance industry’s attention focused on external threats from insurtechs and digital native companies, perhaps the greatest disruption is coming from within.Following the past...
Mar 15 2019 // Texas independent insurance agents might want to warn their homeowner insurance customers that premium hikes and/or increases in deductibles could be on the horizon this year.Homeowners insurers have been filing for rate...
Mar 15 2019 // In June 2005, a 63-year-old woman was thrown from a tram at the North Carolina Zoo in Asheboro. The vehicle tipped over onto her, seriously injuring her shoulder and requiring years of treatment. The state paid out $85,000...
Mar 14 2019 // Boston-based insurtech company Corvus Insurance has expanded its underwriting appetite for its Smart Cyber Insurance product lines with the launch of an excess cyber insurance policy designed to give brokers the ability to...
Mar 13 2019 // The North Carolina Department of Insurance announced multiple fraud enforcement actions during the first two months of 2019.Insurance fraud costs American consumers approximately $80 billion dollars a year. According to...
Mar 12 2019 // Starkweather & Shepley Insurance Brokerage Inc. (S&S) has hired Shikha Hornsey as chief information officer based in East Providence, R.I.Hornsey will be responsible for formulating organizational growth through...
Mar 11 2019 // A San Antonio woman pleaded guilty to fraud after a Texas Department of Insurance (TDI) investigation found she pocketed money from clients who thought they were buying home policies.Cynthia Olague, a former insurance...
Mar 11 2019 // Global insurance broker Lockton has formed a global reinsurance business, Lockton Global Re, and hired several Guy Carpenter executives as part of its leadership team.In addition to Lockton CEO Ron Lockton, the leadership...
Mar 8 2019 // Phillip Hawley, president of Hawley & Associates in Bellevue, Wash., understands the power of referrals in the nonprofit insurance world. His entire agency’s book of business took root with nonprofit referrals...
Mar 8 2019 // Nonprofits are a lot like most insurance clients. They seek trusted and consultative relationships with their agents, brokers and carriers. They seek partners that understand their mission. But they also seek agents who...