Agency Management

Despite the casual nature of social media sites such as Facebook and LinkedIn, the use of social media is subject to state insurance laws that govern advertising and unfair trade practices.

Despite being trapped in a stubborn soft market and an economy with fewer insurable exposures, the country's biggest commercial insurance brokers reported some positive results for the second quarter.

A major independent agent leader threw down the gauntlet, challenging contingent fee opponent Willis to benchmark their brokers' upfront commissions against industry averages when delivering policies to clients.

Cecil Pearce to take over helm at Florida Insurance Council.

Greg Bunner of Cherryville, N.C., and Kuriko Tsukiyama of Bogota, N.J., captured the boys and girls divisions in the 42nd annual Trusted Choice Big "I" National Championship golf tournament held recently in Chesterfield, N.J.

American International Group (AIG) reported a 2010 second quarter net loss of $2.7 billion, which the company said was primarily due to a $3.3 billion goodwill impairment charge.