Latest Agencies Headlines

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

Iowa’s First Mainstreet Insurance Acquires 3 New Agencies

Jul 14 2020 // Cedar Rapids, Iowa-based First MainStreet Insurance (FMSI), a TrueNorth affiliate, has added three new firms to its family of insurance agencies — two in Iowa and one in Tennessee.FMSI acquired Sisson and Associates of...

Insurity Acquires Virtual MGA in Texas

Jul 13 2020 // Insurity Inc., a provider of cloud-based core system solutions and data analytics for insurers, brokers, and MGAs, has completed the acquisition of Austin, Texas-based Virtual MGA.The deal, which closely follows the June...

German Officials Seize Server With U.S. Police Files Stolen in Data Breach

Jul 10 2020 // At the behest of the U.S. government, German authorities have seized a computer server that hosted a huge cache of files from scores of U.S. federal, state and local law enforcement agencies obtained in a Houston data...

The Liberty Company Insurance Brokers Partners with The Browning Agency of Florida

Jul 10 2020 // The Liberty Company Insurance Brokers has partnered with The Browning Agency of Ponte Vedra, Fla.Established in 1989 by Jim Browning, The Browning Agency is a full-service brokerage and consulting firm specializing in high...

Coronavirus Crisis Heightens Insurers’ Caution About Senior Care Market

Jul 10 2020 // The coronavirus pandemic has made it even harder for senior-care centers in the United States to find or afford standard liability insurance, with rates soaring by as much as 300%, insurance brokers said.Residential care...

Bridges Elected Vice Chair of Independent Insurance Agents of Texas

Jul 9 2020 // The Independent Insurance Agents of Texas (IIAT) elected Mark Bridges of INSURICA in Amarillo to serve as vice chair for 2020-2021.Bridges was elected to the post during IIAT’s annual business meeting on June 10,...

Iowa’s BrokerTech Ventures Gains 4 New Carrier, Wholesale Partners

Jul 9 2020 // BrokerTech Ventures, an insurance broker-led platform and accelerator program based in Des Moines, Iowa, has added four super-regional and national insurance firms as partners: The Cincinnati Insurance Companies,...

Profile: MGA Nexus Group Sets Sights on U.S. Growth, Even During COVID-19 Crisis

Jul 9 2020 // Nexus Group, the UK-based managing general agent, is looking to the U.S. for growth opportunities, despite the raging COVID-19 crisis.“With the political landscape and Brexit, it was an obvious choice for us to focus...

Kristopher Parsons Joins Breckenridge Insurance Services to Grow Aviation Business

Jul 9 2020 // Atlanta, GA, July 9, 2020 — Breckenridge Insurance Services is pleased to welcome Kristopher Parsons to the wholesale brokerage and binding firm. Parsons joins the organization as a senior vice president, senior broker...

Patriot Growth Insurance Services Adds 2 Florida Agencies

Jul 9 2020 // Patriot Growth Insurance Services, LLC, a nationwide insurance agency, has added two Florida-based independent agencies, Arison Insurance Services, and Ference Insurance (FIA), to the Patriot platform.Arison and FIA each...

Coronavirus Business Interruption Claimants Lay Out Federal Plan to Reimburse Insurers

Jul 9 2020 // A U.S. lawmaker has introduced a bill that would allow insurers to voluntarily pay certain COVID-related business interruption claims and get reimbursed by the federal government, but insurance groups have rejected the...

Cannabis Broker Spotlight: Porter with Brown & Brown Sees Growing Opportunities

Jul 9 2020 // 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...

Luttrell Named ELITExan Young Agent of the Year by IIAT

Jul 8 2020 // The Independent Insurance Agents of Texas (IIAT) has named Russell Luttrell of Benton-Luttrell Insurance in Van Alstyne as the André P. Juneau ELITExan of the Year.Luttrell was presented with the award during IIAT’s...

Allstate to Buy National General for $4 Billion, Growing Auto, Independent Agent Business

Jul 8 2020 // U.S. Insurer Allstate Corp. said on Tuesday it will buy National General Holdings Corp. for about $4 billion in cash, scaling up its auto insurance business at a time when the coronavirus has crushed traffic on roads and...

Lloyd’s Market Assn. Launches Delegated Authority Group to Set Future Business Model

Jul 8 2020 // The Lloyd’s Market Association (LMA) has launched a Delegated Authority Committee (DAC) to inform and guide the evolution of this important aspect of Lloyd’s underwriting, distribution and claims.Delegated...

Beazley Launches Booking System for Virtual Broker Meetings in New Business Reality

Jul 7 2020 // Specialist insurer Beazley has launched an online booking system to make it easier and quicker for brokers to arrange virtual appointments and share relevant documentation securely with underwritrs.Built in collaboration...

Customer Reassurance Part of Job for Minnesota Agent in Aftermath of Riots

Jul 6 2020 // Dan Gutlovics did a lot of virtual hand holding during the first days of the violent protests in Minneapolis and St. Paul following the death of George Floyd while in the custody of Minneapolis police on May 25.Gutlovics,...

The Next Wave of COVID: Agency E&O?

Jul 6 2020 // As many states keep watch for the “next wave” of COVID-19 infections, the insurance industry is keeping watch for the “next wave” of potential claims that could be directed at independent agents.In...

Collateral Damage: How Cyber Security Affects Agencies

Jul 6 2020 // As we reach the midpoint of a trying year, it might be time to take a quick breather. From a cyber liability perspective, however, the pressure on agents will ramp up considerably in the second half of the year....

Working From Home During the Pandemic

Jul 6 2020 // While millions of people in other industries have been laid off and furloughed since anti-contagion policies and business shutdowns began in March, most property/casualty insurance professionals have been able to keep...