Insurance Agency News

17
Apr

Insurance Agency Mergers and Acquisitions in Q1 Hit 4th Highest Total per OPTIS Partners

There were 142 announced insurance agency mergers and acquisitions during the first quarter of the year, according to OPTIS Partners’ M&A database. It was the fourth-highest quarterly total, trailing only Q1-2017, Q2-2017 and Q4-2017.

17
Apr

Nationwide Insurance Switching to Independent Agency Distribution Model by 2020

Insurance Journal is reporting that Nationwide is giving 2,000 agents an opportunity to transition to Independent Agents. The Columbus, Ohio-based carrier, which provides a range of insurance and financial services, including auto, commercial, homeowners, farm and life insurance, sells products through both exclusive and independent agents.

7
Nov

Southern California Auto Shop Owner Sentenced to State Prison in $180,000 Insurance Fraud Case

Southland auto shop owner sentenced to state prison in $180,000 fraud case Also pleaded guilty to grand theft, money laundering, and false impersonation SAN BERNARDINO, Calif. — Hani Abujudeh, 55, of Rancho Cucamonga, the leader of an auto insurance fraud scheme, was sentenced yesterday to six years in state prison for involvement in the scheme where he filed over 35

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