Agency Management

The insurance industry has the tools and experience to provide needed coverage when the storage of carbon emissions becomes the primary method to prevent build-up of gases in the atmosphere, according to a broker executive.

Aon Benfield said today it has joined forces with a group of leading reinsurers to promote the use of ACORD standards for increased accuracy of data and speed of processing across the global marketplace.

Marsh & McLennan Companies Inc. reported fourth-quarter net income dropped 53 percent, driven down by a $435 million settlement of a stockholders' class action.

A New York independent agent's group said it is moving ahead with a lawsuit to block the state's insurance department from implementing new agent and broker compensation disclosure regulations

Richard H. Ledbetter has been named director of information technology at Arbitration Forums.

The New York Insurance Department, in advance of releasing its new disclosure rules for the state's agents and brokers tomorrow, announced that they are fair to producers while protecting consumers.