All the headlines from our Agencies Topic Page, ordered by recency.
Feb 10 2015 // Agent-broker profitability reached 21 percent for 2014, a new record for the Reagan Consulting Organic Growth and Profitability (OGP) survey that began tracking profitability for agencies in 2008.That median profitability...
Feb 10 2015 // XL Group and RPS/Plus Cos. have expanded their underwriting partnership to bring professional liability insurance to title & escrow agents. According to Erin Fry, head of Programs for XL Group’s Select...
Feb 10 2015 // Kalamazoo, Mich.-based Cameron M. Wilson & Associates recently promoted Amanda Goldberg to director of marketing and communication.Goldberg’s duties will include maintaining existing and cultivating new...
Feb 9 2015 // In mid-November 2014, Texas’ largest association of independent retail insurance agents took the unprecedented step of acquiring a managing general agency as a way of providing its members greater access to...
Feb 9 2015 // Brown & Brown Inc. announced that its subsidiary Brown & Brown of Pennsylvania LP has acquired certain assets of Liberty Insurance Brokers Inc. and its related affiliate companies in Philadelphia. Terms of the...
Feb 9 2015 // J.H. Blades & Co. Inc., an energy-focused managing general agent based in Houston, announced it has purchased wholesale broker Burke-Daniels Co. Inc., which also specializes in the oil and gas energy sector. Terms of...
Feb 9 2015 // Multiples of EBITDA (earnings before interest, taxes, depreciation and amortization) has been used for various business valuations, investment decisions, and loan arrangements for many generations so there is nothing new...
Feb 9 2015 // Nonprofit and social service organizations are as plentiful and diverse as the world itself. To better serve communities, nonprofits must bend, mold and adapt to rapidly changing conditions and so must the insurance...
Feb 9 2015 // In today’s digital world of constant communication through methods like email, texting and social media, consumers expect 24/7 access to everyone, including their insurance agent. And while this access can increase...
Feb 9 2015 // It is a brand new year, and for many people that means the promise and potential of resolutions, goals and aspirations. This is the time to plan, to dream, to improve. This can be said for individuals looking to shed a few...
Feb 9 2015 // In today’s competitive market, an effective client onboarding process is the most important step in cultivating a lasting relationship. In order to develop a solid foundation, insurance brokers must make new clients...
Feb 6 2015 // The Michigan Department of Insurance and Financial Services (DIFS) announced it suspended the insurance licenses of Alia Bahoora and her insurance agencies: Assurity Insurance Agency I, Assurity Insurance Agency II,...
Feb 6 2015 // While commercial insurers have traditionally relied upon insurance brokers to manage customer relationships, large company risk managers are looking for both parties to work together to meet their needs, according to a new...
Feb 5 2015 // Insurance agent Amneris Deleon, of Wilmington, N.C., was arrested and charged with one count each of embezzlement by an insurance agent and accessing a computer to defraud or obtain property.Department of Insurance...
Feb 5 2015 // Ken Nigohosian has returned to Western Insurance Agents Association as vice president of regulatory affairs. Nigohosian will work with the association’s legislative and regulatory affairs advisory committee. He had...
Feb 5 2015 // Spanish insurance giant MAPFRE SA has said it wants to expand and is eying acquisitions in both Europe and the U.S. Barely two months into 2015, it has pulled the trigger on one such deal in New England, reports...
Feb 3 2015 // An Upland, Calif. man has pleaded guilty to federal bank fraud and tax charges in relation to a loan scam that reportedly netted him more than $5.9 million.Derek Richard Brewart, 53, a former licensed insurance agent and...
Feb 3 2015 // The U.S. Securities and Exchange Commission is alleging a Watertown, Wis., insurance agent ran a $10 million Ponzi scheme out of his agency, ISC Inc.The SEC filed a securities fraud lawsuit against 69-year-old Loren...
Feb 2 2015 // New York and Massachusetts in January became the latest states to enact laws to prohibit improper use of certificates of insurance.On Jan. 28, New York Gov. Andrew Cuomo signed into law a bill (A.9590/S.6545-A) that would...
Feb 2 2015 // A Dubuque, Iowa-based insurance broker has announced plans to add 90 jobs over the next three years.Cottingham & Butler President and CEO David Becker tells the Dubuque Telegraph Herald that it could add as many as 45...