Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Former California Insurance Agent Arraigned for Allegedly Stealing Premiums
Apr 14 2022 // Formerly licensed insurance agent David Lance Hall, 64, of Bakersfield, California, was arraigned this week in Kern County Superior Court on six felony counts of theft and misappropriations of fiduciary funds after...
Advice for Casualty Insurance Brokers: ‘Get Out of the Pajamas’
Apr 13 2022 // Asked for the latest thoughts on the role of the broker in managing client expectations against the headwinds of a difficult casualty insurance market, one panelist during Advisen’s Casualty Insights Conference said...
Xenia Buys Majority Stake in Hong Kong’s Capstone Insurance Brokers
Apr 13 2022 // Xenia Broking Group Ltd., the credit insurance and surety specialist broker, announced it has acquired a majority stake in Capstone Insurance Brokers Ltd., a Hong Kong-based insurance broker with specialist expertise in...
Georgia Authorities Looking for Insurance Agent after $32,000 Goes Missing
Apr 12 2022 // Georgia authorities were searching for a South Georgia insurance agent who allegedly absconded with thousands of dollars in premium payments but never provided insurance policies. Georgia’s insurance...
NFP Acquires Dublin-Based ReSure Corporate Brokers
Apr 12 2022 // NFP, the New York City-based property/casualty insurance broker and consultant, has acquired Irish-owned ReSure Corporate Brokers, a specialist commercial insurance broker. Financial details of the transaction were not...
Broker WTW Reports Commercial Rates Are Starting to Stabilize Except for Cyber
Apr 8 2022 // Rate hikes for commercial lines of insurance are slowing to single-digit increases or even flat renewals, according to broker WTW’s Marketplace Realities spring update. The exception, as it has been, is cyber...
ALKEME Acquires ERM Insurance Brokers in California
Apr 8 2022 // ALKEME acquired ERM Insurance Brokers in Santa Ana, California. ERM specializes in Hospitality, construction, cannabis, manufacturing, woodworking, cyber and retail/wholesale. Ladera Ranch, California-based ALKEME is...
Hub International Buys Maryland Broker Marketing Management Associates
Apr 8 2022 // Global insurance broker Hub International has acquired the assets of Marketing Management Associates, Inc. of Landover, Maryland. Terms of the transaction were not disclosed. Marketing Management Associates is a commercial...
Agencies Promoting People for Commercial Lines
Apr 6 2022 // Jimcor Hires Becotte Jimcor Agency Inc., a national wholesale broker and managing general agent, has hired Michael Becotte as a commercial lines underwriter for the Southeast, based in Cumming, Georgia. Becotte has more...
Gallagher Bassett International Acquires UK-Based Claims Settlement Agencies Ltd.
Apr 5 2022 // Claims services provider Gallagher Bassett (GB) International has boosted its size and offering in the United Kingdom by acquiring third-party claims administrator Claims Settlement Agencies Ltd. (CSA). Financial details...
Canada’s StoneRidge Insurance Brokers Buys Generations Insurance Inc.
Apr 5 2022 // Canada’a SIB Corp., operating as StoneRidge Insurance Brokers (SIB), an independent provider of insurance and consulting service, has acquired Generations Insurance Inc., to expand its personal and commercial...
Howden Acquires 2 Italian Brokers: Nord Est Insurance Broker and ASI
Apr 4 2022 // Howden, the London-based international insurance broker, further strengthens its presence in Italy with two new acquisitions: Nord Est Insurance Broker and ASI Insurance Brokers. Financial details of the acquisitions were...
Louisiana Dept. of Insurance Issues Cease-and-Desist Orders Against 2 Agents
Apr 4 2022 // The Louisiana Department of Insurance (LDI) recently issued cease-and-desist orders and license suspensions against two insurance producers for violations of the Louisiana Insurance Code. On March 11, the LDI issued a...
Iowa Insurance Agent’s License Permanently Revoked After Violating Order
Apr 4 2022 // Iowa Insurance Commissioner Doug Ommen recently issued an enforcement order against Gary D. Marcum formerly of Clive, Iowa, and now a resident of Kodak, Tennessee. The enforcement order permanently revokes Marcum’s...
UK Brokerage Group Jensten Simplifies Corporate Structure, Brands
Apr 4 2022 // The Jensten Group, the UK independent insurance broking group, has embarked upon a transformation program across the business which will see it simplify its corporate structure, systems, and brands. The restructure will...
Former Licensed California Agent Faces Insurance Fraud Charges
Apr 4 2022 // A former licensed California insurance agent has been charged with 11 felony counts including identity theft, grand theft and embezzlement after allegedly writing 162 fraudulent policies in an attempt to gain unearned...
How AI Can Help Agents, Brokers and Insurers Build Empathy
Apr 4 2022 // Empathy isn’t a word small business owners typically associate with insurance companies. But that doesn’t mean empathy isn’t important to policyholders. Quite the opposite: Empathy demonstrated by...
Young Agents: What Do You Think? Take This Survey.
Apr 1 2022 // Are you a young insurance agent, 40 years old or younger? Do you know a young insurance agent? Insurance Journal is searching for young insurance agents to participate in this year’s Young Insurance Agents Opinion...
People Moves: Faylo New U.S. Cyber & Tech Leader at Lockton; Big ‘I’ Names Boggs VP of Agent Development; MGA Falcon Hires 3 Senior Leaders
Mar 31 2022 // Lockton appointed Michelle Faylo as its U.S. Cyber & Technology Leader. Faylo will lead Lockton’s team of skilled cyber specialists, delivering innovative and effective solutions to global businesses that face...
Russian Agents Charged with Targeting U.S. Nuclear Plant, Saudi Oil Refinery
Mar 25 2022 // U.S. and British officials on Thursday accused the Russian government of running a years-long campaign to hack into critical infrastructure, including an American nuclear plant and a Saudi oil refinery. The announcement...
