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A Rhode Island agency owner has been charged with allegedly orchestrating a scheme that defrauded customers, insurers.

Embezzlement can affect any kind of organization of any size. Here are five things you can do to protect your business.

The former chief financial officer of Market Finders Insurance Corporation has been sentenced in federal court to 37 months in prison.

Wells Fargo & Co. is weighing a sale of its insurance brokerage business, which could fetch about $2 billion, people familiar with the matter said.

Bank-holding companies reported $6.22 billion in insurance-brokerage fee income for 2013, up slightly from $6.2 billion in 2012 as increases by most bank-holding companies were offset by declines at some of the larger ones.

Arthur J. Gallagher & Co., the insurance broker expanding beyond the U.S. through acquisitions, sold about $821.8 million of shares in an equity offering to help fund its latest deal.

Hub International Ltd will be sold to funds managed by private equity firm Hellman & Friedman LLC in a deal that values the insurance brokerage at about $4.4 billion, Hub said on Monday.

Hires and promotions at Philadelphia Insurance Cos., Zurich, Torus and Digital Insurance. News from Lockton.