All the headlines from our Agencies Topic Page, ordered by recency.
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...
Mar 8 2019 // After more than 25 years in the insurance industry, Donald Bragg has joined the Independent Insurance Agents of Virginia as the director of Membership & Marketing.Bragg comes to IIAV with experience in both personal...
Mar 8 2019 // Tribal First, a division of Alliant Underwriting Solutions, has acquired Ottawa, Canada-based AFN Insurance Brokerage.Financial details of the transaction were not disclosed. The acquisition pairs AFN Insurance Brokerage,...
Mar 6 2019 // EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, has hired John Sames to its Northeast region leadership team as director of operations and...
Mar 6 2019 // A blockchain-driven risk and capital exchange for the insurance and reinsurance market is set to be launched in Bermuda later this year by ChainThat. The exchange will allow broker, reinsurance and insurance companies...
Mar 6 2019 // Aon Plc said it’s no longer pursuing a combination with rival insurance brokerage Willis Towers Watson Plc, a day after confirming that it was considering a tie-up.The company said on Tuesday that it was in the early...
Mar 6 2019 // Irvine, CA, March 6, 2019 – The Liberty Company Insurance Brokers, one of the fastest growing privately held agencies in Los Angeles, is pleased to announce and welcome Paul R. Lopez as Vice President of...
Mar 6 2019 // Breckenridge Insurance Group has appointed David A. Jordan as president and chief executive officer of the wholesale insurance brokerage, programs and financial services company.Jordan succeeds founder and former CEO...