Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Markets/Coverages: Take1 Features Film Producers Package; Pathpoint Now Serving Restaurants; Nexus Specialty Targets Management Liability
Mar 4 2022 // Take1 Introduces Coverage for Documentary, Industrial, Commercial, and Educational Film Producers Thanks to the growing number of broadcast, cable and streaming platforms, the market demand for recorded filmed content has...
Court Issues Stay on Washington Insurance Credit Scoring Ban
Mar 3 2022 // A Washington judge issued a stay on a rule banning the use of credit scoring by insurers in that state, and consolidated cases challenging the ruling, until the merits of the cases are decided. The rule handed down from...
Acrisure Continues Global Expansion With Acquisition of Spain’s Summa Brokerage
Mar 3 2022 // Michigan, U.S.-based financial services and insurance brokerage firm Acrisure reports it has acquired a top insurance brokerage in Spain, Summa Insurance Brokerage. Since its founding in 2005, Summa has grown revenues to...
Florida Comp Broker Says in Federal Suit That Competitor’s Lies Cost It Business
Mar 2 2022 // Talking trash about a competitor may be as old as humanity. But a Florida-based workers’ compensation insurance broker is charging that some bad-mouthing by another broker cost it a long-standing relationship with...
It’s Time to Think About the Future of Producer Management
Mar 2 2022 // This post is part of a series sponsored by AgentSync. The insurance industry is riding a wave of insurtech and other digital advancements because there is a dire need to transform manual processes that have long hampered...
Liberty Mutual Closes Deal for State Auto Group
Mar 1 2022 // Liberty Mutual Insurance said it completed the all-cash deal of about $1 billion for super-regional insurer State Auto Group. The transaction was originally announced in July 2021. Now that it gained all required...
UK’s Howden to Acquire Major Italian Broker Assiteca
Mar 1 2022 // Global insurance intermediary Howden Group Holdings has agreed to acquire a major Italian insurance broker, Assiteca. Howden plans to acquire 86.965% of the outstanding share capital of Assiteca S.p.A. held by...
People Moves: Beazley Cyber Adds Chubb’s Cohen, Promotes Larson; Scheurle Leads Burns & Wilcox’s Cannabis; Parametrix Hires Hiscox’s Wong
Feb 24 2022 // Beazley Hires Two for Cyber Services Insurer Beazley announced two senior leadership hires to its global Cyber Services team. Russ Cohen has been appointed head of U.S. Cyber Services, and Bala Larson has been promoted to...
Startup MGA Rising Edge Targets Low-Layer D&O Business
Feb 24 2022 // The co-founders of London-based Rising Edge aimed to create something different when they decided to launch a managing general agent in 2021, which focuses solely on directors and officers liability insurance. CEO Philippe...
Agency’s Specialty Portfolio Often Fragmented by Working With Multiple Carriers
Feb 23 2022 // The Hanover Insurance Group recently released its State of Specialty Insurance Report, which highlights the risks of fragmentation in the marketplace. The report spotlights the advantages agencies realize when they create...
Market Your Agency to Build a Profitable Book of Surety Bond Business
Feb 22 2022 // This post is part of a series sponsored by Old Republic Surety. Do you want to build a book of surety business at your agency, but you’re not sure how to get started? Have you been selling surety bonds, but want to...
Louisiana Department of Insurance Issues Regulatory Actions Against Four Agents
Feb 22 2022 // The Louisiana Department of Insurance (LDI) has issued a series of regulatory actions, including cease-and-desist orders, license suspensions, and a license revocation and fine, against four insurance producers. Brandi...
New Lending Rules Could Stifle Loans, Insurance for Florida Condos that Need Repairs
Feb 22 2022 // Just as some insurers have tightened requirements for underwriting high-rise condominiums in the wake of the Champlain Towers collapse in Miami Beach last year, now mortgage banks are starkly revising lending rules. The...
Another Big Insurer Stops Writing Homeowners Policies in Florida
Feb 21 2022 // The Florida property insurance market is showing more signs of trouble, with one of the state’s largest carriers deciding to stop writing new homeowner business in the state — while also asking for a rate...
Agency Accounting
Feb 21 2022 // It is a fact that most agency owners did not especially like accounting classes — if they even took accounting classes in college — or they probably would be accountants rather than insurance agency...
Agency Salary Survey: Why Money Isn’t Everything to Agency Hires
Feb 21 2022 // Salaries and total compensation rose in 2021 for all levels of empoloyees reporting in the Insurance Journal Agency Salary Survey. But while insurance agency personnel on average made more money last year, their...
Building Digital Relationships with Insurance Customers — A Good Website Is Not Enough
Feb 21 2022 // Does my agent understand my particular risks? Will they make sure my coverage doesn’t lapse? Are they thinking about my account regularly, or only when it’s time to renew? These are common questions insurance...
How Do You Know When It’s the Right Time to Partner With a Network?
Feb 21 2022 // Worried about what could be next for your agency? It has been a chaotic couple of years — and many forward-thinking businesses are focused on improving revenue, expanding their client base and future-proofing their...
People Moves: The Liberty Insurance Brokers in California Names Ahuja COO; Cruz Regional Vice President of Kinetic Insurance
Feb 18 2022 // The Liberty Insurance Brokers named Sonia Ahuja chief operating officer. Ahuja has more than 25 years of experience in the industry, with prior stops at Venbrook Insurance Group, Farmers Financial Services, Cetera...
Insurers Taking Battle with Commissioner to Washington Supreme Court
Feb 17 2022 // Insurer groups this week sought to take their battle with Washington Insurance Commissioner Mike Kreidler to the Supreme Court of Washington. The American Property Casualty Insurance Association, the Professional Insurance...
