Latest Agencies Headlines

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

XL Catlin Hires Gouraud as Head of Strategic Client & Broker Mgmt. – Insurance

Apr 14 2016 // XL Catlin announced it has appointed Philippe Gouraud as head of Strategic Client and Broker Management for its Insurance segment, effective April 15, 2016.Based in London, he reports to Kelly Lyles, chief regional...

Aquiline Capital to Buy UK’s Simply Business, an Online Small Business Brokerage

Apr 14 2016 // New York-based private equity firm Aquiline Capital Partners LLC on Monday entered into a definitive agreement to acquire Simply Business, an online brokerage service, which delivers tailored small business insurance...

West Virginia Agent Pleads Guilty to Burning Down His Own Home

Apr 14 2016 // A West Virginia man has pleaded guilty in federal court to aiding and abetting arson and conspiracy to tamper with a witness. The U.S. attorney’s office for the Southern District of West Virginia said in a news...

California Insurance Agent Convicted of Worker’s Comp Insurance Fraud

Apr 13 2016 // Kannai David Scantlen, 41, of Valley Springs, Calif., a former insurance agent conducting business as Kan I Save Insurance Services, was convicted of insurance fraud and sentenced to 60 days, three years of formal...

Powell to Retire from North Carolina Agents Group; Will Join Appalachian State University

Apr 12 2016 // The Independent Insurance Agents of North Carolina (IIANC) announced that E. Stuart Powell Jr., MA, CPCU, CIC, CLU, ChFC, ARM, AMIM, AAI, ARe, CRIS will retire on July 31, 2016 from his current position as vice president...

Insurance Brokers Say Series of Superyacht Fires Likely Coincidence

Apr 11 2016 // It started with a puff of smoke, seeping slowly into the clear and sunny St. Thomas air on a mid-March afternoon. “I went into a meeting, and when I came out, it was very on fire,” recalled Ryan Nichols, who...

Get the Full View of M&A and Organic Growth Best Practices

Apr 11 2016 // Woodmere, OH, April 11, 2016 – MarshBerry is excited to once again host the MarshBerry 360 Seminar Series. These educational events provide a comprehensive packet of strategies that help insurance agencies and brokers as...

Tribune Shareholder Suit Against Chicago Insurance Broker OK’d to Proceed

Apr 8 2016 // Finding an exclusion in a directors and officers (D&O) policy to be “ambiguous,” an Illinois appeals court has allowed to go forward a lawsuit filed against a large Chicago insurance brokerage by two former...

Final Retirement Advisor Rule Reflects Some Changes Sought by Industry

Apr 6 2016 // U.S. brokers managing retirement accounts must adhere to tough new standards under an Obama administration rule released Wednesday that aims to protect millions of savers from conflicted investment advice.The Labor...

Georgia-Based Trinity Underwriting Managers Hires Finley as Senior Broker

Apr 6 2016 // Trinity Underwriting Managers, Inc. (TUMI), a Georgia-based program administrator, has hired Bonita Finley as a senior transportation broker. Finley will help manage TUMI’s local and intermediate trucking business as...

Commercial Insurers Moderated Rate Cuts Slightly in March: MarketScout

Apr 5 2016 // Commercial insurers eased up slightly on rate cutting in March, according to the MarketScout barometer for the month.After three straight months of price cuts averaging 4 percent, U.S. commercial property, inland marine,...

Former Oklahoma Insurance Agent Pleads Guilty to $500K Scam

Apr 5 2016 // A former insurance agent in Oklahoma has pleaded guilty to scamming $505,126.43 from his clients, the Oklahoma Insurance Department announced.A joint investigation including the OID’s Anti-Fraud Unit led to the...

Regulatory SOS: Leveraging Change to Succeed in the Flood Space

Apr 5 2016 // April 5, 2016- Change isn’t always easy. If you’re an insurance agent or WYO facing the April 1, 2016, regulatory changes to the National Flood Insurance Program (NFIP), you know this all too well. As FEMA...

Boston Insurance Brokerage Names Hicks VP in Colorado Office

Apr 4 2016 // Boston Insurance Brokerage has named Zachary Hicks vice president in the Denver Colo. office. Hicks will focus on environmental insurance. He previously was a senior environmental underwriter for Chubb Insurance...

What Young Agents Like & Don’t Like

Apr 4 2016 // This issue of Insurance Journal features exclusive results from the 2016 Young Agents Survey in which more than 500 young agents nationwide shared their views on the insurance industry and their experience as an agent....

‘Brexit’ Would Hurt or Severely Damage Lloyd’s of London: Survey

Apr 4 2016 // A survey of London market insurers, brokers, and service providers revealed that 70 percent believe a U.K. exit from the European Union would hurt or severely damage Lloyd’s of London, according to Haggie Partners, a...

Adding Client Value: Rounding Out Your Portfolio with Private Flood Insurance Options

Apr 4 2016 // April 4, 2016- As you may know, the world of flood is changing. As of April 1, 2016, the National Flood Insurance Program (NFIP) is implementing new changes flowing from the Biggert Waters Flood Insurance Reform Act of...

BB&T Completes Acquisition of Swett & Crawford

Apr 4 2016 // BB&T Corp. said it has completed its acquisition of wholesale insurance and reinsurance broker CGSC North America (Swett & Crawford) from Cooper Gay Swett & Crawford.North Carolina-based BB&T said it...

Growth in Cyber Coverage Expected as Underwriting Evolves

Apr 4 2016 // With cyber insurance premiums expected to grow from around $2 billion in 2015 to an estimated $20 billion or more by 2025, insurers and reinsurers are continuing to refine underwriting requirements, according to industry...

The Risk in Insurance Reviews

Apr 4 2016 // How is it that a certificate of insurance — that seemingly simple, straightforward and most innocent of documents — can be so complex?The certificate of insurance acknowledges the writing and existence of an...