Agency Management

Producers without an agency Web site are probably losing potential sales from online buyers, and one major auto insurer is offering to remedy that competitive disadvantage.

Congress most likely will extend 2009 estate tax rates for one year, according to industry officials, in a development of keen interest to many family-owned insurance agencies.

Three Ohio pension funds have reached a $115 million settlement agreement with Maurice Greenberg, AIG's former CEO, and three other company executives regarding charges of "anti-competitive practices."

Ronie Foronda, an account manager for Finance Insurance Ltd. in Honolulu, has been named the winner of the 2009 "National Outstanding CSR Award."

Insurance agents have won a critical change in the House Energy and Commerce Committee version of health care reform legislation.

Robert Benmosche, who this week came out of retirement to take over as AIG's CEO, drew high praise from many leading agents and brokers, although concern was cited about his lack of p&c insurance background.

Aon Corp. insurance brokerage said it is reorganizing its unit which manages captive insurance operations, and that action involves four appointments.

The fatal collision between a recreational airplane and a tourist helicopter over the Hudson River should not affect rates for such planes, but could possibly impact helicopter coverage, according to two insurance brokers.