Agency Management

Liberty Mutual Group has restructured its commercial insurance distribution and service to agents and brokers who serve national and mid-sized business clients in response to the difficulty producers have had doing business with the company.

The criticism in calculating terrorism risk had been the perception that analysts could not predict human behavior, but a new approach avoids the factor altogether, focusing on the way we communicate.

Surplus lines insurers are big winners in the financial reform bill that Congress believes will prevent another economic meltdown that caused the current Great Recession.

The announcement of two acquisitions this week by The Hilb Group marks the entrance of a new insurance brokerage firm by the founder of Hilb, Rogal and Hobbs, which intends to become a force in the middle market brokerage arena through specialization.

Rep. Gene Taylor, D-Miss., today characterized as "absurd" a decision by House officials not to allow a floor vote on an amendment to the National Flood Insurance Program that would add wind coverage to the program.

Acquisition activity is expected to heat up for the second half of the year among the major insurance brokers, despite the strong headwinds they face to revenues, according to a financial analyst's report.