Insurance Journal

AUGUST 12, 2024

The 22 acquirers that make up the Sica Fletcher Index were involved in 242 agent-broker deals in the first six months of 2024, totaling $635 million in revenue. That is a 45% drop in revenue from what was acquired during …

Broker 288

Broker Broker-Agent Agents 288

Insurance Journal

NOVEMBER 21, 2024

According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes rose … Respondents of a recent survey reported lower premium increases for all lines of business except umbrella during the third quarter.

Premium 246

Premium Commercial Broker-Agent Commercial Property 246

Insurance Journal

AUGUST 20, 2024

Commercial property/casualty premium increases in the second quarter 2024 were flat or down from the previous quarter for all lines of business—evidence of a softening insurance market, according to The Council of Insurance Agents & Brokers (CIAB) quarterly survey. Premiums …

Commercial 279

Commercial Commercial Property Broker-Agent Premium 279

Insurance Journal

JULY 17, 2024

This edition of International People Moves details appointments at managing general agent DUAL Europe and insurance broker WTW. A summary of these new hires follows here. DUAL Swiss Taps Tokio Marine’s Wyss as Managing Director DUAL Europe announced the appointment …

Broker-Agent 279

Broker-Agent Insurance Broker Broker Agents 279

PSM Brokerage

AUGUST 1, 2024

Registration and Training for Marketplace Agents and Brokers Plan year 2025 Marketplace registration and training is now available for new and returning agents and brokers on the Marketplace Learning Management System (MLMS). Returning agents and brokers can take training through the MLMS or the HHS-approved vendor(s).

Broker-Agent 92

Broker-Agent Broker Agents License 92

Insurance Journal

SEPTEMBER 30, 2024

Ventis, the London-based commercial and residential real estate managing general agent, has expanded into Ireland, continuing its mission to deliver client service and capacity to brokers in the underserved middle of the property market. Ventis’ capacity will be distributed through …

Broker-Agent 277

Broker-Agent Commercial Agents Broker 277

Insurance Journal

AUGUST 2, 2024

Ryan Specialty, a publicly traded provider of specialty products for insurance agents, brokers and carriers, has agreed to buy US Assure Insurance Services of Florida, a company specializing in builder’s risk insurance. Based in Jacksonville and founded in 1977, US …

Broker-Agent 264

Broker-Agent Risk Building Insurance Agent 264

Insurance Journal

NOVEMBER 20, 2024

The 22 acquirers that make up the Sica Fletcher Index were involved in 142 agent-broker deals in the third quarter to match the amount of deal from the same quarter last year. Members completed 385 acquisitions for the year as …

Broker 264

Broker Broker-Agent Agents 264

Insurance Journal

OCTOBER 20, 2024

National Todd Jackson, owner and partner of McGowan Insurance Group, has been named chairman of the Independent Insurance Agents & Brokers of America (the Big “I”). Jackson was installed as the 2024-2025 chairman of the industry group at its fall …

Broker-Agent 264

Broker-Agent Insurance Agent Insurance Agents Broker 264

Insurance Journal

AUGUST 5, 2024

Wholesalers are a bridge between retail agents/brokers and the markets that provide the specialized coverages that retailers need for their most challenging risks. This post is part of a series sponsored by Dyad. Their success hinges on two crucial factors: …

Broker-Agent 246

Broker-Agent Broker Agents Risk 246

Insurance Journal

SEPTEMBER 1, 2024

The 22 acquirers that make up the Sica Fletcher Index were involved in 242 agent-broker deals in the first six months of 2024, totaling $635 million in revenue. That is a 45% drop in revenue from what was acquired during …

Broker 246

Broker Broker-Agent Agents 246

Insurance Journal

NOVEMBER 3, 2024

For property/casualty insurance brokers and agents, understanding permissible fee structures is crucial to maintaining compliance and avoiding penalties. Todayis insurance regulatory landscape can be a tricky one, particularly when it comes to charging fees. With state laws varying widely and …

Broker-Agent 246

Broker-Agent Casualty Insurance Insurance Broker Broker 246

Insurance Journal

SEPTEMBER 30, 2024

Verve Risk Services, the London-based managing general agent, announced the launch of a captive insurance product and its “Verve Aura” broker portal, designed to meet evolving customer needs. Formed in 2016 and supported by OneAdvent, the specialist MGA services platform, …

Broker 246

Broker Broker-Agent Agents Insurance 246

Insurance Journal

JANUARY 7, 2025

Ryan Specialty, a specialty insurance services firm and trading partner for agents and brokers, plans to acquire Nashville-based Velocity Risk Underwriters, with a closing date early this year. Velocity Risk, providing coverage for catastrophe-exposed properties, is a managing general underwriter …

Underwriter 244

Underwriter Underwriting Risk Broker-Agent 244

Insurance Journal

DECEMBER 18, 2024

Washington Insurance Commissioner Mike Kreidler issued fines totaling $576,500 against insurance companies, agents, brokers and unlicensed entities in October and November of 2024 for violations of state insurance laws and regulations. The fines included $100,000 levied against PacificSource Health Plans …

Broker-Agent 242

Broker-Agent Broker Agents Insurance Companies 242

Insurance Journal

JANUARY 29, 2025

This edition of International People Moves details appointments at the re/insurer Canopius Group and the broker Evolin. Patel Named Chair of Canopius Managing Agents, Succeeding Meader Canopius Group, the global specialty re/insurer, … A summary of these new hires follows here.

Broker-Agent 231

Broker-Agent Agents Broker Insurance 231

Rough Notes

JANUARY 31, 2025

Past Rough Notes cover agents and brokers have spoken. CONGRATULATIONS, SOUND PACIFIC INSURANCE By Dave Willis, CPIA The votes are in. And we have a winner.

Broker-Agent 105

Broker-Agent Broker Agents Insurance 105

Insurance Journal

FEBRUARY 13, 2025

This edition of International People Moves details appointments at the broker BMS and the managing general agent DUAL UK. A summary of these new hires follows here. BMS Taps Howden Re’s Biddell as Managing Director and Head of London P/C …

Broker-Agent 223

Broker-Agent Underwriter Underwriting Broker 223

Insurance Journal

FEBRUARY 23, 2025

The 22 acquirers that make up the Sica Fletcher Index were involved in 533 agent-broker deals in 2024, down 6% from 2023. Members completed 146 acquisitions during the fourth quarter of 2024. This was 11% less than a year ago.

Broker 217

Broker Broker-Agent Agents 217

Redbird Agents

MARCH 18, 2025

Whether you are considering retirement, looking to capitalize on the market value of your agency, or exploring strategic mergers, our team of seasoned business brokers is committed to guiding you through every phase of the sales process. How do independent insurance agents maximize their earnings from a sale?

Insurance Agency 130

Insurance Agency Broker-Agent Insurance Insurer 130

Insurance Journal

FEBRUARY 19, 2025

CFC Launches Cyber Portfolio Quoting for American Brokers CFC said it has launched a new service to automate quoting for up to thousands of policies. Initially available for CFC’s cyber products, US brokers can now bulk quote their entire book …

Broker 147

Broker Cyber Broker-Agent Liability 147

Insurance Journal

APRIL 17, 2025

A former Friendswood, Texas insurance agent turned himself into authorities last week over charges that he fraudulently brokered insurance policies, the Friendswood Police Department announced. Edgar Peralta of Edgar Peralta with Peralta Insurance Brokerage LLC, is charged with theft, a …

Broker 165

Broker Insurance Broker Broker-Agent Theft 165

Insurance Journal

APRIL 6, 2025

For many years, agents and brokers have advised clients about the benefits of telematics in reducing commercial auto risks. So, why havenit market conditions improved, and why is distracted driving still so prevalent? The answer comes down to follow- through.

Risk 162

Risk Broker-Agent Commercial Broker 162

Insurance Journal

FEBRUARY 4, 2025

The 22 acquirers that make up the Sica Fletcher Index were involved in 533 agent-broker deals in 2024, down 6% from 2023. Members completed 146 acquisitions during the fourth quarter 2024. This was 11% less than a year ago. Total …

Broker 173

Broker Broker-Agent Agents 173

Insurance Journal

APRIL 20, 2025

The Council of Insurance Agents & Brokers (CIAB) reports that fourth-quarter … Wouldn’t it be nice to know what the future holds? The insurance market, the economy, and consumer expectations are all shifting, making it hard to know where to focus.

Broker-Agent 130

Broker-Agent Insurance Agent Insurance Agents Broker 130

Insurance Journal

OCTOBER 24, 2024

Washington Insurance Commissioner Mike Kreidler issued fines totaling $302,500 against insurance companies, agents, brokers and unlicensed entities in July, August and September for violations of state insurance laws and regulations. Among those actions was a $40,000 fine issued to Allstate …

Broker-Agent 147

Broker-Agent Broker Insurance Insurer 147

Insurance Journal

MARCH 13, 2025

USG Insurance Services, a national wholesaler and managing general agent, has hired Joshua Reinhold as associate producer and broker in its Tampa office another step in the company’s nationwide expansion plans. Reinhold has seven years of experience in the …

Broker-Agent 147

Broker-Agent Broker Agents Insurance 147

Distinguished

APRIL 9, 2025

A Managing General Agent (MGA) is a specialized type of insurance intermediary that has underwriting authority granted by an insurer. Unlike agents or brokers, MGAs can bind coverage, price policies, and handle claims they essentially act as an extension of an insurer. How do MGAs Differ From Insurance Brokers?

Agents 52

Agents Broker-Agent Broker Underwriter 52

Insurance Journal

FEBRUARY 24, 2025

Article Key Points: Insurance distribution involves various entities like agents, IMOs, FMOs, brokers, aggregators, MGAs, and MGUs. Carriers appoint licensed agents to sell products, but the process varies based on … This post is part of a series sponsored by AgentSync.

Broker-Agent 130

Broker-Agent License Insurance Insurer 130

American Agents Alliance

FEBRUARY 14, 2025

Cross-selling is an important tool for independent insurance agents and brokers, but it must be done ethically. Policyholders benefit from their agents expertise and knowledge when cross-selling is done well. It can be a very beneficial practice for agents and policyholders alike when done ethically.

Broker-Agent 52

Broker-Agent Broker Insurance Agent Insurance Agents 52

American Agents Alliance

MARCH 3, 2025

However, for agents and brokers, these new AI-driven processes can introduce new E&O risks to mitigate and manage. How AI is Changing E&O Risks for Agents and Brokers While AI is transforming industries, it also introduces new risks. The potential exists for bias in AI to affect pricing and underwriting.

Broker-Agent 52

Broker-Agent Broker Agents Risk 52

PSM Brokerage

FEBRUARY 27, 2025

With this drastic funding reduction, more consumers will likely turn to licensed insurance agents and brokers to navigate their coverage choices. In previous years, studies have shown that Navigators were significantly more involved in Medicaid and CHIP enrollments compared to brokers. What Does This Mean for Insurance Agents?

Insurance Agent 52

Insurance Agent Insurance Agents Agents Broker-Agent 52

Zywave

APRIL 11, 2025

For Brokers: Surface benchmarking insights tied to specific customers or prospects. Within Real Estate Agents: Expand revenue by offering home insurance quoting during the purchase process with help from the Personal Lines Quoting API. Within Auto Related Industries (Dealerships, Parking, Servicing, etc.)

Broker-Agent 52

Broker-Agent Broker Agents Cyber 52

Insurance Journal

NOVEMBER 17, 2024

As insurers look to 2025, several trends are emerging that affect premium and deductible costs — leading to lengthy conversations between insurance agents and brokers and their customers. For worship facilities, some of the most prevalent trends include: • Weather-related …

Underwriter 130

Underwriter Underwriting Broker-Agent Deductible 130

American Agents Alliance

JANUARY 24, 2025

In a dynamic industry like insurance, agents and brokers must keep up with changes while learning new skills and staying informed on current regulations. Learn more about how agents and brokers can create and utilize a useful professional development plan then create your own. Some seminars will include CE credit.

Broker-Agent 52

Broker-Agent Broker Agents Policyholder 52

Redbird Agents

SEPTEMBER 13, 2024

This includes any contracts with agents, partners, or referral sources, as well as insurance carrier agreements. An experienced business broker and CPA can help guide you through the process, ensuring you get the best deal. Business Broker: A broker can help you find the right buyer and navigate negotiations.

Broker-Agent 240

Broker-Agent Broker Agents Insurance Carrier 240

PSM Brokerage

JANUARY 22, 2025

As an agent, broker, or web-broker, you are tasked with connecting individuals and families with the health insurance they need, all while adhering to strict compliance guidelines. Fair Competition: Compliance creates a level playing field for agents and brokers.

Agents 52

Agents Broker-Agent Broker Out-Of-Pocket 52