Latest Agencies Headlines

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

Predictions on the Demise of the Independent Agent Are Premature Yet …

Nov 3 2014 // This column has covered a number of important technology issues facing agents, including security, social media, mobile technology, and the customer experience. A groundbreaking study issued last month and an equally...

E&O Insights: How Important Is Your E&O Policy?

Nov 3 2014 // Errors and omissions (E&O) coverage: It’s one of the most important coverages you can secure. After all, your agency’s protection depends heavily on your E&O policy and how it works. Despite this, it...

Spending on Agents Always Beats Spending on Ads

Nov 3 2014 // A recent research report published by Cliff Gallant and Matthew Rohrmann of Nomura Equity Research concludes that spending on advertising beats spending on insurance agents.Once again Wall Street gets it wrong! Their logic...

How to Navigate Today’s Agency E&O Market

Nov 3 2014 // While many agencies stick with their agency errors and omissions (E&O) carrier, those that do shop around tend to do so when premiums are rising. According to Insurance Journal‘s exclusive 2014 Agency E&O...

Contractors Need to Be Involved in the Claims Process, BELFOR CEO Says

Nov 3 2014 // Customer service in property claims suffers when the contractor is left out of the settlement process and policy renewals may be in jeopardy because of it.That’s the word from the top executive of one of the...

Lockton, Burns & Wilcox Brokerage Offer Income Protection without Physical Loss

Nov 2 2014 // Lockton Cos. and wholesale broker Burns & Wilcox Brokerage have joined the Ebola-sensitive insurance protection movement with a product that protects companies from income losses and increased costs incurred without...

China Insurers Face Shadow Banking Default Risk: Ratings Agencies

Oct 29 2014 // A doubling in the trust holdings of China’s insurers has prompted ratings companies to warn the industry may be taking on too much shadow banking default-risk.Insurers held 281 billion yuan ($46 billion) of trust...

Assurant to Buy French Mobile Device Insurance Broker CWI

Oct 28 2014 // Consumer electronic and household device insurer Assurant Inc. has made a binding offer to acquire CWI Group, a mobile insurance brokerage in France, for approximately €56 million ($71 million).The acquisition by...

ITC Joins IIABA’s Agents Council for Technology

Oct 27 2014 // Carrollton, Texas-based Insurance Technologies Corporation (ITC) is the newest company partner of the Independent Insurance Agents & Brokers of America’s Agents Council for Technology (ACT), the agents’...

Contractors Need to Be Involved in the Claims Process, BELFOR CEO Says

Oct 27 2014 // Customer service in property claims suffers when the contractor is left out of the settlement process and policy renewals may be in jeopardy because of it.That’s the word from the top executive of one of the...

8 CAA Members Elected to Board of Kansas Agents Group

Oct 23 2014 // Combined Agents of America LLC (CAA) announced that eight of its members and agents were elected to the 2015 Kansas Association of Insurance Agents (KAIA) board of directors. Four will serve on the association’s...

Florida Gov. Scott Seeks Insurance Agents’ Help to Get Out Vote

Oct 23 2014 // Florida Governor Rick Scott is urging insurance agents to do their part to get out the vote as the state’s gubernatorial campaign enters its final weeks.Former Republican Governor Charlie Crist is running as a...

All-Star Insurance Adds 2 Agents Gilmer, Texas

Oct 22 2014 // All-Star Insurance Group Inc., a full service independent insurance agency based in Gilmer, Texas, has added Joye Cooper and Jeniffer Kitchell as agents.Cooper will maintain an office at All-Star Insurance Group’s...

Southern California Agent That Sold Bogus Policies Sentenced

Oct 21 2014 // Dean Joseph Basler, 58, of Ventura, Calif. pleaded guilty to two felony counts of embezzlement associated with more than $250,000 in premiums that Basler received for homeowners insurance policies.According to the...

Erie Insurance Group Enters Kentucky Market

Oct 21 2014 // Erie Insurance Group has begun to offer its products in the Kentucky market. The Erie, Pennsylvania-based insurer said its entry into Kentucky marks its first geographic expansion in more than 10 years.Erie Insurance said...

Brokers Willis Group, Miller Talk Merger of Wholesale Brands

Oct 20 2014 // Willis Group Holdings and Miller Insurance Services LLP are engaged in talks to merge their wholesale insurance businesses. The resulting wholesale brokerage firm would trade under the Miller brand, governed and regulated...

Big Data: It Isn’t Just for Carriers

Oct 20 2014 // This is the era of big data and while it’s no surprise that insurance carriers are big players, the fact is that agents and brokers of all sizes also have a growing stake in big data.While the insurance industry has...

How Brokers Use Big Data

Oct 20 2014 // ‘Data enables us to be customer-centric, enhancing the customer experience by personalizing every touch point specific to that customer. We are able to discern behavior patterns, build behavioral models based on...

Southern California Agent Arrested for Scamming Insurers for $1.4M

Oct 20 2014 // Eric Lee, 64, of Orange County, Calif., was arrested in late September by the California Department of Insurance and charged with 20 felony counts, including grand theft and allegedly providing false or misleading...

Large Agencies More Optimistic About Future Growth: Vertafore Study

Oct 17 2014 // Optimism over the future growth potential of independent agencies ties closely to the size of the independent agency, with larger agencies feeling more optimistic about future growth than their smaller counterparts,...