Insurance Journal

OCTOBER 2, 2024

Overall agent satisfaction with insurers of both personal lines and commercial lines has held strong despite a challenging underwriting environment, says a new J.D. Power study, with commercial lines satisfaction reaching an all-time high. According to the J.D. Power 2024 …

Agents 290

Agents Commercial Underwriting Underwriter 290

Insurance Journal

JULY 18, 2024

Then he threatened three insurance agents with violence when he wasn’t paid as much as he expected, according to state authorities and one of the insurance agents. First, a North Carolina man filed a claim with Farm Bureau Insurance. Brody …

Insurance Agent 264

Insurance Agent Insurance Agents Agents Claim 264

Insurance Journal

JULY 22, 2024

A federal judge has ruled that a wholesale insurance agent’s claim against a retail agent for allegedly misrepresenting the exposure of an insured regarding violations of the federal telemarketing law should proceed to trial. In a case with origins back …

Agents 264

Agents Insurance Agent Insurance Agents Claim 264

Insurance Journal

JULY 25, 2024

Despite challenges posed by inflation, market volatility and rapidly changing technologies, independent agents remain positive about their businesses and report more optimistic perceptions of national business conditions than in 2023. The recent Nationwide Economic Impact Survey Report: Independent Insurance Agents …

Agents 279

Agents Insurance Agent Insurance Agents Insured 279

Insurance Journal

JANUARY 7, 2025

Independent insurance agency network Renaissance reports it has has acquired the agency network business of Consolidated Insurance Agents Inc. CIA), an agency network based in Buffalo, New York. Renaissance said CIA’s 23 members collectively represent $47 million in premium and …

Insurance Agent 245

Insurance Agent Insurance Agents Agents Premium 245

Insurance Journal

NOVEMBER 13, 2024

A North Carolina insurance agent who was penalized by regulators almost 20 years ago has given up her producer license after she was charged with pocketing insurance premiums. Lori Ann Crisp, 56, of Kannapolis, was charged with forgery, embezzlement and …

Insurance Agent 246

Insurance Agent Insurance Agents Agents License 246

Insurance Journal

AUGUST 27, 2024

on a technology integration partnership they said will speed up Goosehead agents’ ability to sell Root insurance products. parent company of Root Insurance Company, has partnered with personal lines insurance agency Goosehead Insurance, Inc. “Root and Goosehead identified …

Agents 264

Agents Insurance Agency Insurance Companies Insured 264

Insurance Journal

OCTOBER 11, 2024

Insurance agents and carriers in the path of Hurricane Milton reported only minor damage to their own offices and homes but a rapidly growing number of claims from residential and commercial policyholders for roof, flood and auto damage. The Florida …

Damage 289

Damage Agents Claim Policyholder 289

Insurance Journal

NOVEMBER 21, 2024

A Miami insurance agent has pleaded guilty to defrauding a Georgia credit union by obtaining loans for condominium associations’ premium financing then using the $6 million for personal gain. Heleonel Gonzalez, known as Leo, is set for sentencing in February, …

Insurance Agent 264

Insurance Agent Insurance Agents Premium Agents 264

Insurance Journal

NOVEMBER 4, 2024

Renaissance acquired the agency network business of United Agents of Arizona. The transaction follows the network’s 2023 acquisition of Agency Partners Inc., which brought 54 new agencies in Alabama and Georgia into the fold. Renaissance is a network of independent …

Agents 242

Agents 242

Insurance Journal

OCTOBER 30, 2024

Being an insurance agent isn’t just about selling policies; it requires a combination of knowledge, dedication, and skills that help you succeed in a highly competitive industry. This post is part of a series sponsored by Darkhorse Insurance. Whether you’re …

Insurance Agent 243

Insurance Agent Insurance Agents Agents Insured 243

Insurance Journal

NOVEMBER 20, 2024

Ever wonder how some insurance agents seem to glide through potential pitfalls without breaking a sweat? This post is part of a series sponsored by Darkhorse Insurance. It’s not just about luck; it’s about having the right coverage. Errors and …

Insurance Agent 242

Insurance Agent Insurance Agents Agents Insured 242

Insurance Journal

AUGUST 7, 2024

In the insurance industry, managing general agents (MGAs), managing general underwriters (MGUs), and program administrators (PAs) fill a critical role in facilitating the distribution and administration of specialized insurance products. This post is part of a series sponsored by Dyad.

Underwriting 245

Underwriting Underwriter Agents Insurance Industry 245

Insurance Journal

SEPTEMBER 24, 2024

The National Association of Professional Insurance Agents (PIA) named Michael Skiados as CEO following an extensive search process. He will join the organization on October 15. “Mike’s ability to transform the member experience, combined with his operational expertise, will create …

Agents 203

Agents Insurance Agent Insurance Agents Insured 203

Insurance Journal

SEPTEMBER 1, 2024

Florida authorities in August arrested a well-known southwest Florida insurance agent, charging him with larceny and embezzlement of premiums. Reid McDaniel, 33, who was named the honorary mayor of North Fort Myers last year but who also was facing a …

Insurance Agent 243

Insurance Agent Insurance Agents Premium Agents 243

Insurance Journal

NOVEMBER 7, 2024

ORANGE, CA, November 6, 2024 – CITA Insurance Services and Ascot Insurance Company (Ascot) have partnered to deliver a new real estate agents and brokers error & omissions (E&O) program nationwide. This admitted insurance product was designed to provide professional …

Broker-Agent 243

Broker-Agent Insurance Companies Broker Agents 243

Insurance Journal

OCTOBER 20, 2024

Overall agent satisfaction with insurers of both personal lines and commercial lines has held strong despite a challenging underwriting environment, says a new J.D. Power study, with commercial lines satisfaction reaching an all-time high. According to the J.D. Power 2024 …

Commercial 162

Commercial Commercial Insurance Agents Underwriting 162

Insurance Journal

DECEMBER 29, 2024

Customs and Border Protection agency said it has seized more than 20,000 counterfeit Pennsylvania vehicle inspection stickers that were shipped from Israel to an address in Philadelphia. Customs officers found the stickers in two different shipments that arrived …

Agents 255

Agents Protection 255

Insurance Journal

DECEMBER 4, 2024

Manhattan District Attorney Alvin Bragg, Jr. announced the indictment of officers of Inter-Insurance Agency Services Ltd. and the firm for their roles in an eight-year scheme in which they allegedly provided more than $250 million in coverage to clients while …

Agents 264

Agents Insurance Agency Insured Insurer 264

Insurance Journal

DECEMBER 29, 2024

Claims professionals need to adapt to the AI evolution at a fast pace as the same technologies used to fight claims fraud are also being used to perpetuate it, according to experts. “It’s truly become an arms race,” said Shane …

Claim 278

Claim Agents 278

Insurance Journal

OCTOBER 20, 2024

As if it were yesterday, I vividly remember going to my first catastrophic fire loss with my dad at the young age of nine. It was a house fire in Sarasota involving a resident falling asleep with a lit cigarette.

Insurance Agent 279

Insurance Agent Insurance Agents Agents Claim 279

Property Insurance Coverage Law

SEPTEMBER 4, 2024

The duties of an insurance agent to the policyholder will differ depending on state law. Yesterday’s post about a Michigan coverage case, Order and Bind Insurance Before the Loss—Commercial Policy Covers Water Damage Under Drain Backup Endorsement, noted that there was also an issue with insurance agent negligence.

Policyholder 151

Policyholder Insurance Agent Insurance Agents Agents 151

Insurance Journal

OCTOBER 10, 2024

A former insurance broker has pleaded guilty to a number of charges including insurance fraud for collecting premiums without placing coverage. Karen Marie Dondanville, 56, a former broker from Mission Viejo, pleaded guilty to 90 counts including grand theft auto, …

Theft 264

Theft Agents Premium Insurance Broker 264

Property Insurance Coverage Law

OCTOBER 30, 2024

Federal courts are creating an almost impossible barrier for policyholders trying to hold their insurance agents accountable for negligence involving National Flood Insurance Program (NFIP) policies.

Insurance Agent 158

Insurance Agent Insurance Agents Agents Policy 158

Redbird Agents

JULY 9, 2024

If selling insurance was so easy, then why is it that roughly 10 percent of the independent insurance agents generate the vast majority of the sales? Are all independent agents good salespeople? Why Do Insurance Agents Fail? It’s a common misconception that becoming an insurance agent is an easy path to success.

Insurance Agent 130

Insurance Agent Insurance Agents Agents Broker-Agent 130

Property Insurance Coverage Law

DECEMBER 30, 2024

The insurance contracts are not even provided to the policyholder until after the product is purchased.

Insurance Agent 166

Insurance Agent Insurance Agents Policy Policyholder 166

Insurance Journal

DECEMBER 12, 2024

Carriers are on the hunt for quality agencies to make new appointments, according to a new report, which also found that the top way they’re finding them is at industry tradeshows and events. While face-to-face connectivity still works to corral …

Agents 246

Agents Insured Insurer Insurance 246

Insurance Journal

AUGUST 18, 2024

Despite challenges posed by inflation, market volatility and rapidly changing technologies, independent agents remain positive about their businesses and report more optimistic perceptions of national business conditions this year than they did last year. That’s according to the recent Nationwide …

Agents 130

Agents 130

Insurance Journal

JANUARY 8, 2025

How can you, as an insurance agent, stay motivated in the dynamic industry? This post is part of a series sponsored by Darkhorse Insurance. In the fast-paced world of insurance, your motivation is not merely a personal preference it’s …

Insurance Agent 130

Insurance Agent Insurance Agents Agents Insured 130

Final Expense Brokerage

JUNE 30, 2024

Jun 30, 2024 5:13:42 PM Contact Us Share: Learn how to effectively address objections as an insurance agent and increase your sales success. Understanding Common Objections As an insurance agent, it is important to understand the common objections that consumers may have when it comes to buying final expense. Learn More

Insurance Agent 130

Insurance Agent Insurance Agents Agents Insured 130

Property Insurance Coverage Law

OCTOBER 10, 2024

When your home is damaged, it’s natural for most homeowners to call their insurance agent. Your agent is usually the first person who comes to mind because they sold you the policy. But insurance agents don’t handle claims. That job belongs to an adjuster.

Insurance Agent 130

Insurance Agent Insurance Agents Agents Insured 130

Insurance Journal

SEPTEMBER 5, 2024

First Connect Insurance Services and Root Insurance said they are partnering to off API-powered quote and bind capabilities to independent agents. First Connect, a subsidiary of insurtech Hippo, is a digital platform designed to provide independent agents access to some …

Agents 264

Agents Insured Insurer Insurance 264

Final Expense Brokerage

JULY 19, 2024

A well-crafted personal brand not only sets you apart from other agents but also builds trust and credibility with your clients. Define Your Unique Value Proposition Identify Your Strengths: Determine what sets you apart from other agents. Linda, an insurance agent, features client testimonials prominently on her website.

Insurance Agent 130

Insurance Agent Insurance Agents Agents Insured 130

Insurance Journal

AUGUST 4, 2024

Whether they own their own agency or not, an insurance producer is essentially an independent businessperson. Because a producer’s income, as someone whose primary income is based on commissions, is largely up to the producer. This may be obvious, …

Agents 237

Agents Insured Insurer Insurance 237

Frankenmuth Insurance

JANUARY 9, 2025

Your relationship with your insurance agent is an important one. Wondering how to choose an insurance agent? Are you a direct/captive agent or an independent agent? Agents who represent only one insurance company are called direct or captive agents. Your insurance agent should be licensed by your state.

Insurance Agent 101

Insurance Agent Insurance Agents Agents License 101

Insurance Journal

SEPTEMBER 3, 2024

Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has signed a definitive agreement to acquire certain assets of the European managing general agent Geo Underwriting Europe BV (Geo Europe), part of London-based Ardonagh Group. Terms of the transaction …

Underwriting 290

Underwriting Underwriter Agents Broker-Agent 290

Solstice Insurance Broker

JULY 19, 2024

You need to know that insurance agent burnout is, unfortunately, common. Are you feeling overwhelmed and exhausted at work? 39 percent of people in the insurance industry have reported burnout. The national average is 35 percent. However, burnout doesn't have to be part of your every day.

Insurance Agent 130

Insurance Agent Insurance Agents Agents Insurance Industry 130