Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Brazil Court Backs Government in $24B Tax Dispute; Ruling Hits Insurers, Banks, Brokers
Jun 13 2023 // A majority of judges on Brazil’s Supreme Court voted on Monday to back tax authorities in a judgment on how to calculate levies on banks and other financial institutions that could add as much as 115 billion reais...
Agent in California Arrested for Falsifying Evidence And Perjury
Jun 8 2023 // Bail agent Fausto Atilano, 60, of Temecula, California, was arrested this week on multiple felony counts of falsifying judicial records, perjury, and preparing false evidence, after a California Department of Insurance...
Insurance Broker CBIZ Buys Information Security Consultant Pivot Point
Jun 6 2023 // Cleveland-based insurance and financial advisory firm CBIZ, Inc. announced that it acquired information security consulting firm, Pivot Point Security, of Hamilton, New Jersey, effective June 1, 2023. Founded in 2001, PPS...
On Point: bolt CEO Dwane on How Democratizing Distribution Benefits Insureds and Agents
Jun 5 2023 // Technology has made it easier for consumers to explore and purchase insurance on their own. While some fear this ease of access could put agents out of work, Jim Dwane, CEO of insurtech bolt, a property/casualty insurance...
Former California Agent Sentenced for Stealing $220K from Clients Including Late Art Dealer
Jun 5 2023 // John Philip Ryan, 64, of Yucca Valley, California, was sentenced and ordered to pay more than $220,000 in restitution to victims after pleading guilty to two felony counts of financial elder abuse and grand theft of...
Why Recruiter Retention Is a Problem for Insurance Agencies
Jun 5 2023 // I see a lot of turnovers in human resource (HR) departments at insurance agencies. It seems like most internal recruiters don’t last longer than two years, and the majority leave for a job outside the insurance...
After Years of Bitter Delay, Federal Agencies Unveil Flood Plan for Mississippi Delta
Jun 5 2023 // Federal officials have offered a proposal to control flooding in the Mississippi Delta, a move that comes after months of work from government agencies and decades of delays and disputes over potential environmental...
People Moves: Buffalo Agent Walsh Elected Big I New York Chair
Jun 2 2023 // Buffalo Executive Walsh Elected Big I New York Chair of the Board Insurance producer trade organization Big I New York elected Edward F. Walsh as its chair of the board for the 2023-2024 term. Walsh is chief executive...
UK’s Ardonagh to Acquire Greek Reinsurance Broker SRS Group
Jun 1 2023 // The Ardonagh Group announced its expansion into Greece following its agreement to acquire a majority shareholding in SRS Group of Companies (SRS). Founded in 2019 and based in Athens, SRS’ businesses include a...
SEC Seeks to Recover Funds from NC Insurance Agent’s Alleged Investment Scam
May 31 2023 // The U.S. Securities and Exchange Commission has asked a federal court to bar a North Carolina insurance agent and financial advisor from trading securities and to disgorge ill-gotten gains from a real estate scam,...
Marsh McLennan’s Guy Carpenter to Buy Israeli Reinsurance Broker, Re Solutions
May 30 2023 // Guy Carpenter, the reinsurance specialist business of Marsh McLennan, announced it will acquire Re Solutions, the leading independent reinsurance broker in Israel. Terms of the transaction, which is expected to close later...
Arthur J. Gallagher Acquires Florida’s Ken Brown Brokerage
May 24 2023 // Arthur J. Gallagher & Co., the global insurance brokerage and consulting firm, said it has acquired Florida-based Insurance by Ken Brown Inc., a retail broker specializing in coverage for construction and swimming pool...
Challenges, Opportunities for Brokers in the Music Events Space
May 22 2023 // As musicians prepare for a star-studded summer of live events, the demand for performances is huge. At the same time, entertainment carriers are adjusting their appetites and underwriting parameters. Catastrophic losses at...
Former California Insurance Agent Sentenced for Stealing $220K from Clients Including Late Art Dealer
May 19 2023 // John Philip Ryan, 64, of Yucca Valley, California, was sentenced and ordered to pay more than $220,000 in restitution to victims after pleading guilty to two felony counts of financial elder abuse and grand theft of...
Acrisure Acquires Portuguese Broker Universalis
May 17 2023 // Acrisure, the Grand Rapids, Mich.-based insurance broker and fintech specialist, announced it has signed an agreement to acquire one of Portugal’s leading insurance brokers, Universalis (trademark of Corpos –...
Specialist Risk Group Acquires UK Specialist Broker TLO Risk Services
May 17 2023 // Specialist Risk Group (SRG), the London-based insurance broker, has acquired TLO Risk Services, the professional risk specialist broker, which will play an integral role in the development of SRG’s professional lines...
Florida Insurance Agent Convicted in $6M Ponzi Scheme That Defrauded Investors
May 16 2023 // A federal jury has found a Sarasota insurance agent and financial consultant guilty of defrauding elderly Floridians out of $6 million, money that the victims believed was going to fund a life insurance startup known as...
Smart Choice Signs a Record Number of Independent Insurance Agencies
May 16 2023 // In 1Q 2023, 382 agencies partnered with the fastest growing insurance network. GREENSBORO, NC., May 16, 2023 — Smart Choice® has signed a record number of independent insurance agencies in the first quarter of 2023 with...
Broker Sues Over Unethical ‘Raid’ of 38 Staff in UK Poaching Row
May 11 2023 // Marsh & McLennan Cos.’s reinsurance broker sued a London rival, saying it secretly planned an unethical “raid” of 38 people across Europe, in the latest lawsuit to pore over clandestine staff poaching...
After Years of Delay, Federal Agencies Unveil Flood Plan for Mississippi Delta
May 8 2023 // Federal officials presented a proposal Thursday to further control flooding in the Mississippi Delta, a move that comes after months of work from government agencies and decades of delays amid disputes over potential...
