Best Read Agencies Headlines
Headlines from our Agencies Topic Page with the most time spent reading.
#1 Next Insurance Offering Allows Agents to Customize Small Business Quotes
Sep 22 2023 // Digital small business insurer Next Insurance announced a new offering it says will enable agents to fully customize coverage quotes to better meet the needs of their small business clients. Next’s Coverage Builder...
#2 US Federal Agencies Aim to Streamline ‘Hodgepodge’ of Cyber Reporting Rules
Sep 20 2023 // The Department of Homeland Security wants Congress and other federal agencies to help it streamline 52 different cyber reporting requirements to protect critical infrastructure and ease regulatory burdens on hacking...
#3 People Moves: Former CSAA CEO Troy Joins USAA; Big ‘I’ Installs McBride as New Chairman; Dagostino AXA XL’s Global Cyber CUO, Commercial
Sep 14 2023 // Former CSAA CEO Troy Joins USAA USAA has selected former CSAA president and chief executive Tom Troy as its chief transformation officer. He will start Sept. 25 and report to CEO Wayne Peacock. This newly created position...
#4 Former Minnesota Insurance Broker Charged with Fraud, Allegedly Earned $650,000 in Improper Commissions
Sep 22 2023 // A former Minnesota insurance broker has been charged with fraud for allegedly inventing customers and fake Social Security numbers to earn nearly $650,000 in improper commissions. Kevin Anthony Meyers, 48, allegedly...
#5 Montana Brokerage Owner Admits to Defrauding Customers
Sep 18 2023 // Kileen Moria Hagadone, 57, owner of Rosebud County Insurance Inc., pleaded guilty to wire fraud and to aggravated identity theft. Hagadone faces a maximum of 20 years in prison, $250,000 fine and three years of supervised...
#6 Illinois Appellate Court Rules Freight Broker Not Liable for $18M Jury Award in Teen’s Brain Injury Case
Sep 28 2023 // A freight broker is not liable for an $18 million jury award to the mother of a teenage boy who suffered a brain injury when he was struck by a truck, an Illinois appellate court ruled Wednesday. A panel of the 1st...
#7 Agents, Regulators Remind Insurers to Take Care of Insureds as Idalia Claims Start Coming in
Sep 18 2023 // The property insurance industry breathed a sigh of relief after Hurricane Idalia landed in a less-populated part of the coast, triggering just a few billion dollars in losses. But regulators have urged insurers to make...
#8 Insurance Broker in Menendez Corruption Case Allegedly Got Senator’s Help With Fraud Case
Sep 27 2023 // The defendants in the corruption case involving U.S. Senator Robert Menendez include a former New Jersey insurance broker who was convicted of premium fraud in 2011 and lost his insurance license. Jose Uribe allegedly got...
#9 Agents, Insureds Said Surprised by Nationwide’s 10,000 Nonrenewals in NC
Sep 29 2023 // In February, Nationwide Mutual Insurance filed notice with the North Carolina Department of Insurance that it would non-renew some 10,525 homeowner policies in the state due in large part to the growing risk from climate...
#10 NC Appeals Court: Trial Needed After Agent Failed to Disclose Pond on Property
Sep 6 2023 // A North Carolina insurance agent will have to return to court to determine if he or the client acted negligently by failing to disclose details about an insured’s property, the state’s Court of Appeals decided...
#11 ‘Synthetic’ Agents? Lemonade Says Finance Deal Limits Cash Burn
Jul 5 2023 // Late last week, Lemonade announced a financial agreement to borrow 80% of the costs it incurs to acquire insurance customers from a venture firm. The insurtech carrier revealed the deal in a media statement and several...
#12 TWIA Board Votes to Maintain Agent Commissions at 16% After Hearing Testimony on Impact
Dec 14 2023 // The Texas Windstorm Insurance Association held its final quarterly meeting on Dec. 12 in Corpus Christi, where the board of directors voted to approve the association’s budget for 2024. The board also voted to keep...
#13 US DOJ Slaps Criminal Fines on UK Brokers Tysers and H.W. Wood for Bribery
Dec 5 2023 // The US Department of Justice has slapped criminal penalties on UK reinsurance brokers Tysers Insurance Brokers Ltd. and H.W. Wood Ltd. as a result of their participation “in a corrupt scheme to pay bribes to...
#14 Alfa Insurance Agent in Alabama Pleads Guilty in Scheme to Defraud Elderly Victims
Jul 28 2023 // A former Alfa insurance agent in Alabama has pleaded guilty to defrauding people, most of them elderly, of more than $862,286 in life insurance. The plea agreement for Bret Chappell, 44, of Warrior, comes six months after...
#15 Travelers Webinar Focuses on Connecting Gen Z, Independent Agents
Nov 14 2023 // Members of Generation Z who have worked with insurance agents believe they are knowledgeable and help them make better choices. Nevertheless, Gen Z is under-tapped in the independent agent channel and over-indexes on...
#16 North Carolina Insurance Agent Can’t Appeal Sentence in $700,000 Fraud
Dec 13 2023 // A former North Carolina insurance agent who pleaded guilty to defrauding trucking company clients and a premium finance company of hundreds of thousands of dollars cannot challenge her sentence and restitution order, a...
#17 Agent’s Failure to Disclose Dog Comes Back to Bite Homeowner
Jul 12 2023 // A Connecticut homeowner who is being sued by a woman who alleges his dog bit her in the face is not entitled to insurance coverage because his home insurance application, which was completed by his insurance agent,...
#18 Progressive Drops Some Agents, Non-Renews 100,000 HO and DP Policies in Florida
Oct 3 2023 // Almost two years after Progressive Insurance announced it would stop renewing some homeowners policies in Florida, Flo and crew have dropped another 100,000 HO and landlord policies in the state. The insurance giant and...
#19 Former Allstate Agent in North Carolina Agrees to Abide by Non-Compete Agreement
Nov 28 2023 // A former Allstate insurance agent in North Carolina has agreed to stop selling competing products to her former clients and to return confidential client information to Allstate. A federal judge finalized an agreement...
#20 Zurich’s Farmers Group Seeks More Fee Income Via Acquisition of 3 Brokers for $760M
Nov 16 2023 // Zurich Insurance Group announced that its subsidiary, Farmers Group Inc. (FGI), has agreed to acquire three insurance brokers of the Farmers Exchanges for US$760 million. The deal also includes the Farmers Exchanges’...
