Agency Management

A New York agent association said it will continue to provide input to the state insurance department despite being excluded from groups that received a circular letter draft on the state's planned producer compensation regulation.

A five-year National Flood Insurance Program extension bill passed by the House in July is unlikely to pass the Senate before the program's next scheduled expiration on Sept. 30, representatives for two Washington-based agent groups said.

Regulators adopted a medical loss ratio form that leans more toward a narrow medical loss ratio (MLR) definition opposed by the industry, but the discussion revealed sharply divided opinions on the federal reforms.

The New York State Insurance Department (NYSID) has distributed an advance copy of a draft circular letter on its planned producer compensation disclosure rule to agent groups but excluded

An official with the Federal Emergency Management Agency (FEMA) told insurance commissioners that Congress' failure at long-term renewal of the National Flood Insurance Program (NFIP) could jeopardize the participation of carriers in the program.

National Underwriter, in partnership with Flasp?hler Research Group, will launch a survey of independent agents this month that will result in the inaugural "NU Producer Choice Awards," to be unveiled in the Oct. 18 edition.