All the headlines from our Agencies Topic Page, ordered by recency.
Jan 13 2014 // The bad news is independent agency profits are and will continue to be compressed. The good news is that for independent agencies willing to abandon the traditional model, great opportunity exists.Profits will stay...
Jan 9 2014 // Allstate Insurance Co. has announced plans to appoint new agency owners in Indiana, Michigan and Ohio this year.The company plans to appoint 21 new insurance agency owners in Indiana. Additionally, Allstate’s new and...
Jan 9 2014 // Encouraged by a vigorous period of insurance M&A activity in the second half of 2012, many in the industry had high expectations of robustness in 2013. It’s clear now that 2013 M&A activity did not reach the...
Jan 9 2014 // Willis Group Holdings announced that it has agreed to acquire Charles Monat Limited, a life insurance solutions adviser to high net worth clients. Willis said: “Charles Monat Limited has placed over US$13 billion in...
Jan 8 2014 // Two U.S. lawmakers on Wednesday unveiled a new bill that would force enforcement agencies to provide more details about deals to resolve corporate misconduct by U.S. companies.Senators Elizabeth Warren, the Massachusetts...
Jan 7 2014 // A New Jersey insurance broker and the former mayor of Toms River, N.J., were each sentenced Monday for separate schemes involving officials of Toms River and the former insurance broker for the Toms River regional school...
Jan 7 2014 // The Michigan Department of Insurance and Financial Services (DIFS) has suspended the license of James J. Carnaghi, previously licensed to sell property and casualty, accident and health, and life insurance in the state.The...
Jan 7 2014 // The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) said its political action committee, InsurPac, raised a total of $1,007,668 during the 2013 calendar year.“Surpassing the...
Jan 7 2014 // Insureon, an online insurance delivery platform for small business owners, said it has agreed to acquire Insurance Noodle, an online wholesale insurance broker, from Willis Group Holdings. The transaction is expected to...
Jan 6 2014 // Swett & Crawford, part of Cooper Gay Swett & Crawford (CGSC), a global wholesale and reinsurance broking group, appointed Ed Frackiewicz as broker for the casualty practice group in Boston. Frackiewicz began his...
Jan 5 2014 // Independent insurance agencies AVID Risk Solutions of Madison, Wis., and Kellenberger-Landsee & Associates LLC of Brookfield, Wis., have merged effective Jan. 1, 2014.The two property/casualty agencies will remain in...
Dec 31 2013 // USG Insurance Services Inc., a Tampa, Fla.-based national wholesaler and managing general agent, appointed Margi Swellie as producer/broker for the national brokerage team based in Canonsburg, Penn. Swellie most recently...
Dec 31 2013 // Katie NehlsUSG Insurance Services Inc., a Tampa, Fla.-based national wholesaler and managing general agent, appointed Katie Nehls as producer/broker. She is based in Tampa. Nehls most recently held the position of...
Dec 24 2013 // Some insurance professionals and agencies have been known to fall behind on the paperwork required for licensing and, in some cases, not even know what licenses they have in effect at any given time.It’s...
Dec 19 2013 // Former insurance agent Eugene Shy-Ren Hsu, 31, of West Covina, Calif., was arrested by Department of Insurance officers and charged with multiple felony counts.The charges include grand theft, forgery, and identity theft...
Dec 19 2013 // The National Association of Professional Insurance Agents (PIA) and its agency-company council, The PIA Partnership, have designed a new tool to help independent insurance agenciesgrow and increase profits.“Closing...
Dec 19 2013 // The industry should place its highest priority on “getting additional carriers to offer real-time capabilities,” according to a survey of insurance agency and brokerage professionals in the United States and...
Dec 19 2013 // Agency managers tend to have a rosier view of agency operations than their employees do, according to a survey that also suggests this gap could present errors and omissions (E&O) implications.The survey reveals that...
Dec 16 2013 // A former New Jersey insurance broker who misappropriated more than $660,000 in premiums owed to insurers has been sentenced to five years in state prison.Brian Mohen and his wife, Lisa Stanko-Mohen, were also ordered last...
Dec 16 2013 // A former West Virginia insurance agent has admitted to his role in an arson scheme in Logan, according to a federal prosecutor.U.S. Attorney Booth Goodwin said 44-year-old William Janey Thompson pleaded guilty to wire...