Latest Agencies Headlines

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

Arthur J. Gallagher Invests in Broker ACE via Partnership with Dubai’s MIG Group

Apr 19 2021 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced that it has agreed to a strategic partnership with MIG Holding Ltd. (MIG Group), which will see the company take a minority interest in...

People Moves: Burkhart to Lead Michigan Big ‘I’; J.M. Wilson Promotes 3, Adds VanderMaiden

Apr 19 2021 // Jared Burkhart will be the next CEO of Big “I” Michigan (MAIA), the association announced.Burkhart joins the Big “I” team on May 3 and succeeds the current CEO, Bev Barney, who is retiring Aug. 31....

Proximity Protect Brokerage Targets Coworking, Flex Space Industry

Apr 19 2021 // Workspace management software company Proximity Space Inc. has launched Proximity Protect, a specialty, nationwide insurance brokerage offering coverage for coworking and flex space operators, members and tenants.According...

What Young Agents Think

Apr 19 2021 // This issue of Insurance Journal features exclusive results from the 2021 Young Agents Survey where nearly 300 young agents nationwide shared their views on the insurance industry and their experience as an agent. (see page...

Why Agencies Need to Improve Key Metric Measurements in Today’s Economically Challenging Times

Apr 19 2021 // Agency executives can greatly increase the success of their organizations if they know how many customers they have. That sounds fundamental. However, I find that most agencies do not have solid counts. They think they do,...

Profile of Young Agents

Apr 19 2021 // 61.7% are 31 to 40 years old.38.3% are 30 and under. 85.5% consider insurance to be a permanent career choice;12.0% are unsure;81.4% would recommend career choice to another young person — but13.6% are not sure they...

How Young Agents See Diversity

Apr 19 2021 // I’d like to see the industry known for insurance professionals coming from all walks of life, and that success can be reached in our industry no matter who you are. To not push it for the sole sake of sounding...

What Young Agents Like Most

Apr 19 2021 // Everyday is something different. This job is never repetitive. Flexibility, freedom, and the opportunity to run my own business. The ability to work in any industry with interesting companies. I really enjoy getting to...

What Young Agents Like Least

Apr 19 2021 // Being in personal lines at the moment, my least favorite part is the large amount of time that is spent talking to customers who have been conditioned to focus solely on price. Having to deal with mostly incompetent...

What Young Agents Think Survey: Optimism High Among Young Agent Leaders

Apr 19 2021 // Despite ongoing concerns over the pandemic, young agents say they felt supported by their agencies over the past year.A majority of young agents felt satisfied with how their agency responded to COVID-19 and rated their...

Massachusetts Regulators Seek to Revoke Robinhood’s License; Brokerage Sues

Apr 16 2021 // Massachusetts regulators on Thursday sought the revocation of Robinhood’s broker-dealer license after charging that it encourages inexperienced investors to place risky trades without limits, while the online...

American Modern Launches Digital Social Media Toolkit for Agents

Apr 15 2021 // American Modern, a specialty insurance provider of residential and recreational coverage, has launched Social To Go, an online toolkit designed to give agents ways to effectively use social media.According to Kevin...

Xenia Broking to Acquire UK-Based Credit Insurance Alliance (Brokers)

Apr 14 2021 // Xenia Broking Group, the London-based credit insurance and surety specialist, announced it has entered into an agreement to acquire Credit Insurance Alliance (Brokers) Ltd. (CIA).An independent trade credit insurance...

Broker BMS Launches Analytics Platform to Support Clients’ Risk Transfer Goals

Apr 13 2021 // BMS, the London-based independent specialist insurance and reinsurance broker, announced the launch of an analytics platform called Pathlight AnalyticsTM.The platform is designed to harness the collective power of the...

Unlicensed California Agent Sentenced After Stealing $450K in Premiums

Apr 12 2021 // Ai Ling Lee, 61, an unlicensed insurance agent living Hacienda Heights, was convicted of nine felony counts of grand theft after reportedly stealing nearly half-a-million dollars of her small business clients’...

Surplus Lines Broker, Agent or Both? It’s Complicated.

Apr 9 2021 // Increasingly, the world of insurance distribution has become highly specialized, utilizing technology and a multitude of parties to reach customers worldwide. The surplus lines industry is no exception. Surplus lines...

Cannabis Broker Spotlight: Kamel with All-Risks Got into the Budding Business to Help a Friend and He Hasn’t Regretted It

Apr 8 2021 // Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few tips...

Towerstone Acquires Ohio Wholesale Insurance Broker Jacobs & Associates

Apr 8 2021 // Towerstone, a Dallas-based wholesale insurance division of IMA Financial Group, has acquired Jacobs & Associates, a general agent and excess and surplus lines broker based in Strongsville, Ohio.The transaction was...

Correction: Brokerslink Enters into Service Partnership with B. Riley Advisory Services Group in California

Apr 7 2021 // Brokerslink has entered into a service partnership with B. Riley Advisory Services Group in Los Angeles, Calif. B. Riley’s compliance, risk and resilience practice specializes in business continuity, cybersecurity...

Agents, Stand Together in Helping Businesses Understand Standalone Cyber Insurance

Apr 7 2021 // It is well known that small and medium businesses face an ever-increasing risk of cyber attacks. Sixty-three percent reported they had experienced a cyber breach in the last 12 months, when Ponemon surveyed them in the...