article thumbnail

South Florida Insurance Broker Pleads Guilty to Fraud in $133M ACA Enrollment Scheme

Insurance Journal

A south Florida insurance broker is awaiting sentencing after pleading guilty last week to a $134 million scheme that fraudulently enrolled thousands of people in Affordable Care Act health insurance plans. Dafud Iza, 54, of Pembroke Pines, signed a plea …

article thumbnail

Arthur J. Gallagher & Co. Acquires Illinois’ Afina Insurance

Insurance Journal

announced the acquisition of Oakbrook Terrace, Illinois-based Afina Insurance Advisors Inc. Afina Insurance). Afina Insurance is a property/casualty insurance broker serving clients in greater Chicago. Gallagher & Co. Terms of the transaction were not disclosed. George Van Denend …

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Navigating the Fee Maze

Insurance Journal

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

article thumbnail

Navigating the Turbulent Waters of Casualty Insurance: Insights from Industry Experts

Zywave

The casualty insurance market is currently experiencing unprecedented volatility, with significant pricing fluctuations and escalating loss costs becoming the norm. Register now here.

article thumbnail

Global Commercial Insurance Rates Drop 3% During Q1, but US Casualty Bucks the Trend

Insurance Journal

Global commercial insurance rates fell 3%, on average, in the first quarter of 2025 following a 2% decline in Q4 2024, according to the Global Insurance Market Index published quarterly by insurance broker Marsh. The Q1 2025 average commercial rate …

article thumbnail

How to Not Suck at Being an Insurance Agent

Redbird Agents

What is an Insurance Sales Agent? An Insurance Sales Agent is a professional who sells insurance policies to clients, including life insurance, health insurance, and property and casualty insurance. Is life insurance sales a good career? What Does an Insurance Broker Do?