Marsh & McLennan Agency sued competitor Patriot Growth after losing half its Birmingham surety team and $3.5 million in annual revenue when 11 employees jumped ship to the rival firm.
insurance brokers
Lockton Insurance Grows 12% Despite Market Challenges
Independent insurance broker Lockton achieved 12% revenue growth to $4.5 billion in 2026 despite challenging market conditions including softening property rates and pricing pressures in casualty lines.
Howden Hires Trucking Expert as Insurance Brokers Expand
Global insurance broker Howden hired Patrick Thomas as managing director for their U.S. trucking specialty division, signaling continued growth in commercial transportation coverage. The appointment reflects increasing focus on trucking insurance as brokers expand their specialized services.
AI Insurance Platform Acquisition Signals Tech Shift
Prestige Trucking Insurance has acquired Mulligan, an AI-powered insurance automation platform, rebranding it as Insure Stack. The move represents the growing adoption of artificial intelligence in insurance operations and workflow automation.
Insurance Broker Lawsuit Sparks Employee Contract Debate
Risk Strategies is suing former employees and their new employer Marshall + Sterling for allegedly stealing clients and violating non-compete agreements, highlighting how broker disputes can impact driver insurance relationships.