Latest Agencies Headlines

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

Smart Choice® Grows to 8,000 Agency Partners

May 27 2020 // High Point, NC, May 27, 2020 – Smart Choice®, remains the nation’s fastest growing independent agency network, after partnering with over 350 new agencies in the first quarter of 2020, and reaching a milestone of...

Insurers, Agents Propose Pandemic Business Relief Plan; Plaintiffs Offer BIG Compromise

May 22 2020 // Key segments of the property/casualty insurance industry, which is facing mounting claims for business interruption losses from the pandemic, have thrown their lobbying weight behind a proposed federal program to replace...

Insurance Is Not A Company’s Primary Line of Defense in a Crisis

May 21 2020 // Imagine your company having a Halloween party: Employees show up wearing costumes mocking your customers, says the chief executive of a New York commercial insurance brokerage we recently interviewed. “Now imagine...

NFP Acquires Pennsylvania-Based Insurance Broker Team Scotti

May 20 2020 // Insurance broker NFP as acquired LFG Inc., which does business as Team Scotti). The transaction closed effective December 1, 2019.Team Scotti, based in Pittsburgh, Penn., and founded in 1987, is a national insurance broker...

I’m From the Government and I’m Here to Help – Part 3

May 20 2020 // This is third in a series of posts where I plan to respond to the bills that several states have filed to force insurance companies to pay business income claims related to COVID-19.Not reimbursing insurers means higher...

Navigating today’s uncertain insurance climate using Automation. How one company is helping Texas Agents figure it all out!

May 20 2020 // West Palm Beach, FL, May 20, 2020 – Challenging times call for new strategies; these days the keystone for professional success lies with innovation! One tech company based out of South Florida blazes a trail for...

The Liberty Company Insurance Brokers Adds Barkasy in South Carolina

May 20 2020 // The Liberty Company Insurance Brokers has hired David Barkasy to establish a presence for the company in South Carolina. David Barkasy Barkasy, who has been in the insurance field for more than 20 years, joins the team as...

When Insurers Deny Claims, Brokers Are Next in Line for Allegations of Wrongdoing

May 19 2020 // In the wake of government orders shutting down or seriously limiting the operations of businesses to deal with the COVID-19 outbreak, many affected businesses have turned to their insurers for coverage. This has led to a...

The Facts About Supposed ‘Illegal Acts’ Exclusions

May 18 2020 // Is the Insurance Policy Affected if the Business Opens Against a Governor’s Orders: The Facts About Supposed “Illegal Acts” ExclusionsStates have gone to war against some municipalities over COVID-19....

BMS Signs Long-Term Partnership Agreement with Chilean Broker Insurex Re

May 18 2020 // BMS Group, the London-based specialist re/insurance broker, announce it has signed a preferred partner agreement with the independent Chilean reinsurance broker and existing trading partner Insurex Re, a company owned by...

Why Trust When You Should Know?

May 18 2020 // It is often said that people buy insurance trusting that it will be there when they actually need it, and this is very true. But why trust when you should know?Also true, but rarely said is the following, “Often,...

Insurtechs Will Not Shape the Industry’s Future Alone

May 18 2020 // Insurtech was once the Wild West of the insurance industry. Many of Insurtech’s early players came from outside insurance after observing the industry struggle to deliver what was, in their view, a competitive...

What Insurance Pros in the Cannabis Business Are Doing Wrong

May 18 2020 // Jumping right into a new business may sound like a great first step, but long-time wholesaler broker Norman Ives advises a look-before-you-leap approach to the cannabis business.Ives is a broker and cannabis practice...

Transparency Is Key for Insurance Agents Handling Coronavirus Claims

May 18 2020 // Business interruption insurance has been a much-debated topic during the coronavirus crisis, with some businesses already pushing back against virus-related claim denials.In several cities, groups of businesses have filed...

Florida’s Capitol Preferred to Shed Nearly 24K Policies; Regulator to Monitor Operations

May 15 2020 // Capitol Preferred Insurance Co., one of the top writers of homeowners insurance in Florida, has received approval from the state’s insurance regulator to shed 23,800 policies just weeks before the start of hurricane...

Financial Trade Group, Stock Exchanges Resolve Broker Liability Database Dispute

May 14 2020 // A financial industry trade group said on Wednesday it resolved a dispute with U.S. stock exchanges that had threatened to hold brokers liable for any breaches of a new trading database controlled by the exchanges and the...

RBS Risk Manager Gets Day in U.S. Court Seeking Whistleblower Payout

May 13 2020 // The U.S. Second Circuit Appeals Court on Tuesday considered arguments by an ex-Royal Bank of Scotland employee who is suing the U.S. Justice Department and Securities and Exchange Commission for a bounty he says he is owed...

Florida Extends Order Allowing Agency Reps to Work Remotely During Health Emergency

May 13 2020 // Customer service representatives holding a particular Florida insurance license will be able to continue conducting business remotely until at least July 7.A directive issued by Florida CFO Jimmy Patronis that allows...

SIAA Reports Strong First Quarter and Anticipates Continued Growth

May 13 2020 // Hampton, NH, May 13, 2020: SIAA (Strategic Insurance Agency Alliance, Inc.), the largest independent insurance alliance in the United States, reported strong growth in the first quarter of 2020, signing new members at a...

Texas: Sponsors Have Responsibilities for Temporary Agent, Adjuster Licenses

May 12 2020 // The Texas Department of Insurance in Commissioner’s Bulletin No. B-0026-20 reminds insurers, agents, agencies, and adjusters of their responsibilities for temporary agent and emergency adjuster applicants and...