All the headlines from our Agencies Topic Page, ordered by recency.
Sep 7 2015 // I recently listened to an insurance company executive give a discombobulated, “woe is me” speech to a room of agents who were largely ignorant of carriers’ financial success.To summarize his presentation:...
Sep 7 2015 // You can’t take it with you. Every business owner will eventually “sell” his or her business. It can either be on terms the owner defines, or it can be based on whatever happens at the end. So, if an owner...
Sep 7 2015 // About a quarter of independent insurance agents say they work at a firm that belongs to an aggregator cluster. But very few whose agencies don’t already belong to an aggregator want their firms to join one, a fact...
Sep 7 2015 // Steve DeCarloNow that traditional reinsurers are adjusting to the idea that third-party capital providers have moved into their space, managing general agents (MGA) may be next to feel the negative impact of new capital,...
Sep 7 2015 // Plymouth Rock Assurance — a Boston-based auto insurer serving Massachusetts, Connecticut and New Hampshire — launched a new online tool called “Prime.”The insurer says the new tool will give...
Sep 3 2015 // Hub International Ltd. has acquired the assets of Arrow Insurance Service Inc. in Simi Valley, Calif. and it has acquired the assets of EmSpring Corp. in Washington.Terms of the deals were not disclosed. Arrow provides...
Sep 3 2015 // AssuredPartners Inc. has acquired Sisk & Co. of Denver, Colo. The agency’s 27 employees will continue to operate from the Denver headquarters under the local leadership of Principal Thomas J. Sisk. Sisk & Co....
Sep 3 2015 // Cole Millican Florida’s Triton Insurance Group, a provider of home, auto, business, motorcycle, umbrella, boat and workman’s compensation insurance, has appointed Cole Millican as its newest agent. According to...
Sep 3 2015 // Dallas, TX, September 3 2015- U.S. Risk Insurance Group, Inc. (www.usrisk.com), the sixth largest managing general agency and surplus lines wholesaler in the nation, announced they have entered into an agreement involving...
Sep 2 2015 // The Florida Division of Insurance Fraud announced the arrest of Tania Michel, 41, for failing to notify the Department of Financial Services of a federal fraud conviction, continuing to work in the insurance industry after...
Sep 1 2015 // The U.S. Department of the Treasury has raised The Main Street America Group’s NGM Insurance Company’s single surety bond capacity threshold to $93.4 million. The Jacksonville, Fla.-based super-regional...
Sep 1 2015 // The Kansas Insurance Department is considering whether insurance agents need more training.Currently, the state’s insurance agents are required to complete 12 hours of education every other year. Most states require...
Sep 1 2015 // The Texas-based agency partnership Combined Agents of America LLC (CAA) announced it is expanding into Nebraska and elected Rick Elliott to serve as central regional vice president.The insurance agency aggregator will be...
Sep 1 2015 // Two of the property/casualty insurance industry’s ratings entities – Fitch and Standard & Poor’s – do not see eye-to-eye on whether reinsurance price declines are moderating.Fitch sees the downward...
Aug 31 2015 // Texas Legal, the statewide nonprofit legal insurance plan founded by the State Bar of Texas and the Texas Legislature, announced it is now a member of the Independent Insurance Agents of Texas (IIAT).Legal insurance covers...
Aug 31 2015 // U.S. Risk Insurance Group, Inc. has entered into an agreement involving the acquisition by U.S. Risk of an undisclosed ownership interest in Florida-based Strategic Program Managers, a specialist trucking MGA and broker....
Aug 30 2015 // Plymouth Rock Assurance — a Boston-based auto insurer serving Massachusetts, Connecticut and New Hampshire — this month launched a new online tool called “Prime.”The insurer says the new tool will...
Aug 26 2015 // In a 25-year span leading up to 2005, homeowners insurers in Louisiana wrote a total of $13 billion in homeowners insurance premium, from which they earned $1 billion in profit, according to the chief actuary at the state...
Aug 26 2015 // The insurance brokerage and risk management firm Integro Ltd. has acquired Entertainment Risk Management Ltd. (ERM), a London-based managing general agent (MGA), to augment its international entertainment practice....
Aug 24 2015 // ProSight Specialty Insurance has partnered with Allied Insurance Brokers to offer coverage for the scaffolding industry.According to The Occupational Safety and Health Administration (OSHA) it is estimated that 65 percent...