Agency Management

Independent agencies are invited to enter the 2010 Commercial Insurance Agency of the Year Award program, run by National Underwriter and American Agent & Broker, with entries due by July 1.

Anxiety is growing within the agent and broker community about rules in New York going into effect in January 2011, requiring them to disclose to their clients information about compensation received from insurers.

They say that he who pays the piper calls the tune. So why don't more risk managers just pay their brokers a set fee, rather than complain about contingent commissions corrupting the insurance placement process?

Florida Insurance Commissioner Kevin McCarty has come out full force in support of property bill SB 2044, passed in the final hours of the 2010 Florida legislative session.

David M. Gelia was named chairman of the Independent Insurance Agents & Brokers of New York Inc. during its recent 128th annual business meeting.

Lloyd's achieved a record profit of ?3.87 billion--that's $5.9 billion, in current exchange rates--to go along with a sparkling combined ratio of 86.1 last year despite a severe economic contraction and stubbornly soft commercial insurance pricing.