Latest Agencies Headlines

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

75% of Independent Agencies Report Revenue Gains From 2022-23

Oct 21 2024 // Despite challenging conditions, 75% of independent insurance agencies saw revenue gains from 2022 to 2023, according to the 2024 Agency Universe Study. That number is significantly higher than between 2020 and 2021, during...

Specialist Risk Group Launches APAC Unit in Singapore, Buys Local Broker

Oct 15 2024 // Specialist Risk Group (SRG), the London-based specialist insurance intermediary that is majority-owned by Warburg Pincus and Temasek, announced its launch in Asia Pacific with a new subsidiary in Singapore.As the first...

Risk & Insurance Education Alliance and BrokerTech Ventures Launch New Insurtech Insurance Course

Oct 15 2024 // Austin, TX., October 15, 2024 – The Risk & Insurance Education Alliance, in collaboration with BrokerTech Ventures (BTV), is proud to introduce its latest educational initiative, the Introduction to Insurance for...

Agents Report Limited Damage But More Claims Expected As Floridians Return Home

Oct 11 2024 // Insurance agents and carriers in the path of Hurricane Milton reported only minor damage to their own offices and homes but a rapidly growing number of claims from residential and commercial policyholders for roof, flood...

Former California Agent Pleads Guilty to 90 Counts of Insurance Fraud

Oct 11 2024 // A former insurance broker has pleaded guilty to a number of charges including insurance fraud for collecting premiums without placing coverage.Karen Marie Dondanville, 56, a former broker from Mission Viejo, pleaded guilty...

First MainStreet Adds Two Agencies

Oct 10 2024 // First MainStreet Insurance L.C. (FMSI) announced addition of two new agencies, one in Minnesota and the other in Iowa. Joining in September was Kozlowski Insurance Agency, headquartered in Pipestone, Minnesota and two...

Insurance Broker Caught Pocketing $137K Commissions by Forging Policy Applications

Oct 9 2024 // An insurance broker who collected nearly $137,000 in sales commissions by submitting fabricated insurance applications for end-of-life insurance policies in clients’ names without their knowledge, and used those...

America’s Best Agencies To Work For

Oct 7 2024 // The votes are in for the 2024 Best Independent Insurance Agency to Work For survey by Insurance Journal.Employees in 2024 highlighted the importance of competitive salaries, employee benefits, training and education,...

A Better Customer Experience: What Agents Should Expect from Insurers

Oct 7 2024 // In today’s competitive insurance environment, successful independent agencies have focused on building their agency’s brand. To that end, agents must focus on working with insurance companies whose service...

UK Broker Kingfisher Insurance Acquires MIS Motorsport’s Commercial Business

Oct 3 2024 // Kingfisher Insurance Services Ltd., the London-based specialist insurance broker, has acquired MIS Motorsport’s commercial business in the UK and Ireland.Financial details of the transaction were not disclosed. As...

Agent Satisfaction With Insurers Holds Strong; Erie Tops for Personal Lines

Oct 2 2024 // Overall agent satisfaction with insurers of both personal lines and commercial lines has held strong despite a challenging underwriting environment, says a new J.D. Power study, with commercial lines satisfaction reaching...

Markets/Coverages: Hub Int’l Forms Partnership With Largest Trucking Broker in Mexico

Oct 2 2024 // Hub International Ltd. (HUB), the Chicago-based insurance broker, announced an exclusive referral and broker program partnership throughout the U.S., Canada and Mexico with MAS Seguros, the largest trucking insurance...

Carolina Agents, Insureds Stunned by Unprecedented Damage So Far Inland

Oct 1 2024 // Insurance agents in the mountain city of Asheville, North Carolina, said they and their policyholders have been stunned by the catastrophic damage brought so far inland by Hurricane Helene, which dumped 14 inches of rain...

Insurance Journal Academy Partners with the Big ‘I’ to Offer Discounted Access to Training Courses

Oct 1 2024 // Partnership will offer Big ‘I’ members and state associations one-hour insurance training modules.October 1, 2024—The Big “I” is pleased to announce a strategic partnership with the Insurance...

Miller Completes Acquisition of Spanish Specialty Re/Insurance Broker Bruzon

Oct 1 2024 // Miller, the London-based specialist re/insurance broker, announce it has completed the acquisition of Madrid-based commercial insurance broker Bruzon Correduría de Seguros y Reaseguros.The transaction, which first was...

Markets/Coverages: MGA Verve Launches Captive Insurance Product and Broker Portal

Oct 1 2024 // Verve Risk Services, the London-based managing general agent, announced the launch of a captive insurance product and its “Verve Aura” broker portal, designed to meet evolving customer needs.Formed in 2016 and...

Canada’s Axis Insurance Acquires P/C Broker Baker Insurance

Sep 27 2024 // Axis Insurance Managers Inc., the Vancouver, Canada-based insurance broker, announced the acquisition of Baker Insurance, a property/casualty brokerage based in Calgary.Financial details of the deal were not disclosed....

75% of Independent Agencies Report Revenue Gains From 2022-23

Sep 27 2024 // Despite challenging conditions, 75% of independent insurance agencies saw revenue gains from 2022 to 2023, according to the 2024 Agency Universe Study. That number is significantly higher than between 2020 and 2021, during...

From Architects to Agents: Skiados Hired as PIA Chief Executive

Sep 24 2024 // The National Association of Professional Insurance Agents (PIA) named Michael Skiados as CEO following an extensive search process. He will join the organization on October 15.“Mike’s ability to transform the...

A-G Specialty Expands With Acquisition of eSportsInsurance Brokerage

Sep 24 2024 // A-G Specialty Insurance, a brokerage specializing in coverage for niche industries, is expanding its reach in the amateur sports world with the acquisition of eSportsInsurance, based in Lilburn, Georgia. A-G Specialty,...