Agency Management

The Senate, last night, extended the long delayed National Flood Insurance Program, an action that one agent group declared unacceptable due to political wrangling.

Insurance losses from the explosion and sinking of the Deepwater Horizon oil well are expected to be the largest ever for global offshore energy insurance and reinsurance markets. As claims mount, the public is saying, "Show us the money."

When claim disputes arise between insurers, the disagreements can become heated, jeopardizing critical working relationships as the lawyers gear up for battle.

Under the Medicare Secondary Payer Act, Medicare is always secondary to workers' compensation and other insurance such as no-fault and liability insurance.

With the 4th of July holiday weekend approaching, an agent's association survey finds millions of Americans plan to hold parties near the water, and the risk exposures can mean opportunities for agents who alert their clients to it.

Willis Re, the reinsurance arm of the global insurance broker Willis Group Holdings, has appointed James Byng as resource group leader for its international and specialty reinsurance business, the company announced.