What’s the key to attracting more young people to insurance?

insurancebusinessmag | June 24, 2019

When insurance opened its doors to Jeremy Huang, taking a peek inside did not even cross his mind. Knowing nothing of what could be in store for him in the industry, Huang initially shunned any offers for him to jump aboard.While taking up international studies at UC Irvine, Huang worked in the retail banking space. He graduated a quarter ahead of schedule and started figuring out what long-term career options should he consider. Would he thrive in his current environment, or would he be better off taking risks and stepping outside his bubble?

Spotlight

General liability insurance, sometimes referred to as commercial liability insurance, protects businesses from financial loss should they be liable for property damage or personal and advertising injury caused by their services, business operations or employees. This video provides an overview of these policies and reasons why businesses should secure coverage of their own.

Spotlight

General liability insurance, sometimes referred to as commercial liability insurance, protects businesses from financial loss should they be liable for property damage or personal and advertising injury caused by their services, business operations or employees. This video provides an overview of these policies and reasons why businesses should secure coverage of their own.

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WORKERS COMPENSATION

Oakbridge Insurance Extends Footprint in Metro Atlanta Through Partnership with Marietta Insurance Services

Oakbridge Insurance Agency LLC | March 01, 2022

Oakbridge Insurance Agency LLC (Oakbridge), one of the largest independent insurance and risk management agencies in the Southeast, today announced a new partnership with Marietta Insurance Services, an independent agency headquartered in Marietta, Georgia. The partnership extends Oakbridge's footprint in Metro Atlanta in support of the firm's aggressive growth model. The partnership creates a broader suite of carriers, resources and risk management services for specialty personal lines and commercial lines solutions for clients in the growing Atlanta suburbs. "We are excited to welcome Marietta Insurance Services as our newest partner. Their reputation in Georgia as a client-centric advisor is evidenced by their relationships and longevity in the market, This partnership will allow us to further extend Marietta's successful insurance solutions and service offerings in north Atlanta and beyond." -Oakbridge CEO Robbie Smith. The partnership offers Marietta Insurance Services access to Oakbridge's sales training and risk management platform, including its innovative Proactive Services offering that seeks to identify and mitigate risks through proprietary analysis and a hands-on, consultative approach. "Oakbridge's partner-first model allows us to grow our insurance capabilities while maintaining the service our clients know and trust, This opportunity allows us to bolster our current service offerings through increased carrier access, enhanced training and resource offerings while taking advantage of unprecedented industry growth and innovation." -Marietta Insurance Services Principal Jimmy Mayo. As an Oakbridge partner, Marietta Insurance Services will maintain its presence in Marietta, Georgia. About Oakbridge Insurance Agency Founded in 2020 through the merger of four leading insurance and risk management firms in the Southeast, Oakbridge Insurance Agency LLC is a rapidly growing partnership model for firms seeking accelerated growth, access to capital and an expanded suite of resources with which to serve clients. Ranked a "Top 100" insurance brokerage by Business Insurance and Insurance Journal magazines, Oakbridge is now one of the largest privately owned insurance, risk management, and employee benefits agencies in the region. The agency has specific experience in the agriculture, bond/surety, construction, financial, health care, manufacturing, municipalities, non-profit, senior living, and transportation industries.

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CORE INSURANCE

Newfront and ABD Agree to Merge to Build the Modern Insurance Experience

Newfront | July 16, 2021

Newfront Insurance, a cutting-edge technology-enabled brokerage, and ABD Insurance and Financial Services, a renowned pioneer in employee benefits, insurance, and financial services, have agreed to merge, revolutionizing the insurance experience for customers and insurance professionals alike. The merged firm, known as Newfront, is valued at $1.35 billion and is scheduled to complete by the end of August. The merger of these two market leaders will create 600 jobs, service over 10,000 customers, and place more than $2 billion in premiums each year. In addition, the new business, Newfront, will offer clients a more transparent, data-driven, and real-time experience, resulting in a reduced total cost of risk and better insights for our clients. Spike Lipkin as CEO, Kurt de Grosz as Executive Chairman, Brian Hetherington as President, and Gordon Wintrob as CTO will continue to lead Newfront from its San Francisco headquarters. To create the modern insurance experience, the merged company's veteran leadership team relies on expertise from insurance brokerage leaders and Silicon Valley innovators such as Uber, Intuit, and Twitter. Newfront's financial adviser was Perella Weinberg Partners LP, and its legal advisor was Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP. Reagan Consulting, Inc. acted as ABD's financial adviser, while Weil, Gotshal & Manges LLP served as its legal advisers. About ABD Risk management, insurance brokerage, human resources, and retirement consulting are all ABD Insurance and Financial Services services. Our advisors provide guidance and develop innovative solutions to assist clients of all sizes, stages of growth, and industries in addressing risk. ABD, headquartered in San Mateo, has offices in California, Washington, Illinois, and New York and employs over 400 people who serve clients across the United States and throughout the world. About Newfront Newfront, founded in 2017, is one of the nation's fastest-growing insurance brokerages, due in large part to unique technology that makes the insurance transaction less cumbersome, more transparent, and more successful for customers and brokers. Newfront was recently selected to the 2020 CB Insights list of the most innovative financial services companies in the United States. In addition, Forbes named it one of the Top 50 Fintech companies for 2021.

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INSURANCE TECHNOLOGY

Imperial PFS Introduces Quivit, a Gamechanger for the Insurance Industry

Imperial PFS | October 04, 2021

Imperial PFS Introduces Quivit, a Gamechanger for the Insurance Industry. Called a "gamechanger" by its first users, Quivit is the first insurance-specific product to merge document signing, storage and an integrated payment processing system – allowing for both paid-in-full and financed transactions. The result is a dramatically streamlined workflow, transforming a complex, high-touch process into an efficient, digitally-driven sales closer. Until Quivit, there was no way for insurance agents to quickly prepare insurance quotes and applications for their insureds within the same secure digital space. We listened to our clients, recognized a gap, and found a way to provide a solution, We worked with agents to develop a digital product that merges selling, managing account communication, and collecting payments for policies in a single step, without the need for additional software from other providers. Now, work that once took days takes only minutes – which means Quivit will help expedite sales and improve payment collection in a single step. - Herb Chirico, IPFS's Chief Marketing Officer and Senior VP. User-friendly and intuitive, Quivit makes it easy to send premium finance quotes, track progress, understand the status, send alerts, obtain signatures, collect payments and close the sale. Quivit also integrates seamlessly with existing systems and processes, which means it doesn't require replacing your current technology or agency management system (AMS). Quivit is going to revolutionize the insurance industry, Quivit shortens the sales cycle, so agents can close sales far faster. It's the key to unlocking untapped revenue opportunities. - Frank Friedman, IPFS's CEO and President. Even its name has special significance, as Quivit combines the words 'quick,' 'pivot' and 'IT.' Quivit is available now to select IPFS Clients and will be widely-released later this fall. About Imperial PFS: Imperial PFS uses state-of-the-art technology and legendary Customer service to lead the way in the premium finance and payments industry. IPFS offers flexible lending with multiple benefits for our agency partners and insureds. With more than 500 Associates at 30 locations across the United States and Canada, we bring the strength of an international company reinforced by local relationships and service. Visit us on LinkedIn. About Herb Chirico: Herb is responsible for overseeing Marketing as Chief Marketing Officer, as well as Credit, Insurance Company Management, Product Management and Project Management. Herb joined IPFS in 2001. His prior positions with IPFS have included Branch Manager in Buffalo, New York, SVP of Operations and Credit and SVP of National Sales. Before joining IPFS, he held management positions at Transamerica Insurance Finance Corp. and HSBC. Herb has a BS from Boston University. About Frank Friedman: Frank joined Imperial PFS in 2019 and serves as the CEO and President. His extensive financial experience comes from more than 40 years at Deloitte where he served as Interim CEO, COO, CFO, and, most recently, Global Chief Operations Officer. Frank has a BS degree in Accounting and Business Administration from the University of Kansas.

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