Agency Management

The Risk and Insurance Management Society hailed the recent declaration by Marsh that it will not accept controversial contingent commissions in its U.S. core insurance broking segment

There is probably little debate that 2009 was one of the toughest years in a long time for insurance agents and brokers, who confronted the dual challenges of a continued soft commercial lines market and the lingering effect of the recession

The AMS Users Group announced a makeover at its annual meeting, changing its name to NetVU to reflect the identity change of its software development partner, Vertafore.

As April 1 property catastrophe market renewals closed, rates continued the same soft market trend witnessed during Jan. 1 renewals, according to a report from reinsurance broker Aon Benfield.

The Maryland legislature has rejected legislation that would have imposed an outright ban on the use of credit information in rating automobile insurance.

With the exception of parts of Latin America, reinsurance rates for most of the world continued to decline at the April 1 reinsurance renewals period, a brokerage said.