Yearly Archives: 2022

AM Trust acquires Contractor Managing General Insurance Agency

AM Trust Financial Services, a global property & casualty insurer, has acquired Contractor Managing General Insurance Agency, Inc. (CMGIA). CMGIA is a California-based MGA that offers surety bonds to small to mid-sized contractors. The company heavily concentrates on the...

Pritzker Administration Reopens Housing Assistance Program for Illinois Homeowners

Homeowners struggling to keep up with housing payments during the COVID-19 pandemic may now apply for up to $60,000 in assistance, doubling the assistance previously availableCHICAGO, IL-(Effingham Radio)- The Illinois Housing Development Authority (IHDA) announced the Illinois Homeowner...

Three key ideas for agency owners: Grow, partner or move on

The best insurance agencies are growth-oriented. (Photo: maroke/Adobe Stock) Agency owners know how to sell insurance. But when it comes to selling their business? These are uncharted territories, and most don’t understand the basics of mergers & acquisitions as...

‘It’s a touchy subject’: My in-laws live in our basement. They gave us our 20% down payment. Should we charge them for renovations?

By Quentin Fottrell 'My in-laws pay the property taxes, and we pay monthly utilities and home-insurance costs. They do not pay rent.' Dear Quentin, Last year, my husband and I...
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