Agency Management

New York's insurance department made its new Producer Compensation Transparency Regulation public, outlining how producers should inform clients about compensation and the details they must provide.

Charlotte, N.C.--based wholesale broker AmWINS Group, Inc. said it has acquired The Managing Agency Group-Employee Benefits (MAG-EB), a division of Willis HRH. Financial terms were not released.

The United States and the United Kingdom are witnessing average rate increases on directors and officers liability insurance of 15 percent, but U.K. renewals are exhibiting mixed results, according to Aon.

What ethical obligations, if any, do insurance companies and independent agencies have in developing a more diverse industry workforce? Offer your take at NU Editor Sam Friedman's blog at www.NUSamSoapBox.com.

What is the single most important element of a successful IT systems implementation? That's the question posed to readers of NU's Technology Decisions at www.tech-decisions.com.

The drop in insurance prices shows signs of reversal as the directors and officers liability line for the first time in almost three years did not show a downward trend, an online insurance exchange said.

Kansas City, Mo.-based insurance broker Lockton said it has opened a second office in Brazil, in Rio de Janeiro, that will expand its energy and reinsurance capabilities in South America.

Brokers placing casualty insurance risks find a continuing decline in rates, but other lines are seeing rate increases over this year's second quarter, a report from Aon said.