All the headlines from our Agencies Topic Page, ordered by recency.
Jan 4 2017 // There is a new national independent insurance brokerage and wealth management firm that opens its doors with more than 20,00 clients, $158 million in annual revenues and 750 employees in 40 offices across 15 states.The new...
Jan 3 2017 // Hull & Co., a wholesale insurance subsidiary of giant Brown & Brown, has acquired the commercial managing general agency operations of Insurance House.Insurance House is an MGA and wholesale insurance broker...
Jan 3 2017 // Wells Fargo & Co. settled a dispute with a group of black brokers claiming the bank failed to give them the same career opportunities as their white colleagues.The bank will pay $35 million to more than 500 financial...
Jan 3 2017 // Marsh, the wholly owned subsidiary of Marsh & McLennan Cos., said it has completed the previously announced acquisition of Bluefin Insurance Group Ltd., a subsidiary of AXA UK plc, from AXA Group.Founded in 2008,...
Dec 30 2016 // On a first quarter results call W.R. Berkley Corp. President and CEO Robert Berkley cited a growing and alarming level of tension between carriers and distributors, driven by what he called a fight to grow margins in the...
Dec 29 2016 // It’s no secret that the insurance industry is facing a huge talent gap. Almost half of all insurance professionals are over age 45, with 25 percent of the industry expected to retire by 2018. That’s a...
Dec 29 2016 // An overwhelming majority of surplus lines policies are filed on time in Texas, according to the Surplus Lines Stamping Office of Texas.SLTX is required by statute to file an Annual Late Filers report with the Texas...
Dec 27 2016 // In the year 2016, as in past years, there were the familiar or continuing stories including reinsurers still wishing and hoping for a hardening market; property/casualty insurance carriers reporting financial results...
Dec 27 2016 // State authorities say a former insurance agent assumed the identities of former clients to fraudulently apply for new life insurance policies in their names.Marta Cristina Cunha is charged with insurance fraud, identity...
Dec 22 2016 // The twin forces of regulation and technology will see the emergence of new distribution models in 2017. This sounds like a commonly heard disrupter scenario for the U.S. and European markets, but it’s actually a...
Dec 22 2016 // All Risks, Ltd. has partnered with the Professional Insurance Agents of Florida (PIA of Florida), to provide professional liability errors and omissions insurance to its members. Effective Jan. 1, 2017, All Risks will...
Dec 20 2016 // Fort Worth-based independent insurance broker, Higginbotham, and Insurance Associates of the Southwest (IAS) have merged their operations in Houston.IAS is an independent broker with 38 commercial, personal, life, health...
Dec 20 2016 // Acrisure LLC has acquired Alaska USA Insurance Brokers’ commercial insurance and employee benefits books of business.Terms of the deal were not disclosed. The new company will operate under the name Insurance Brokers...
Dec 20 2016 // The current owners of several insurance agencies, Patrick Maguire and Paul Tracy, acquired ownership of BroGue Insurance & Financial Services in Bangor, Maine, on November 1, 2016.Established in Bangor in 1983, BroGue...
Dec 19 2016 // The profitability of an insurance company and the quality of advice given by an insured’s insurance broker make the most difference in customer satisfaction for commercial insurance, a new study revealed.According to...
Dec 19 2016 // Insurance industry executives and groups working to attract millennials to the sector are now actively targeting their younger colleagues to help get the word out.On Dec. 2, the recruiting initiative held a webinar...
Dec 19 2016 // While it’s not always true, most sales managers get stuck with dealing with under-performers.Under-performers come in a lot of different packages. It could be the underwriter who was hired to be a producer. This...
Dec 19 2016 // Over the past several years, despite some dire predictions, the independent agency channel overall has held its own against other distribution channels. In a recent internal research study, for example, Safeco Insurance...
Dec 19 2016 // In the insurance agency system, it’s no secret that right now many agencies are merging or being acquired, increasingly by private equity firms. For some, this is a blessing because they have not been able to keep up...
Dec 13 2016 // Ben McKay, executive director of the Surplus Lines Association of California, said his phone has been quite a bit busier lately ahead of a public hearing on Friday on the state’s export list.People in the insurance...