Agency Management

Global natural catastrophe losses for 2009 are estimated to have cost insurers more than $20 billion, according to assessments from two insurance industry participants.

Lapse of the estate tax has many concerned with inheritance issues, including how it will affect small businesses, which is of special concern to independent agents, noted one major producer association.

The Florida Municipal Insurance Trust (FMIT), a nonprofit insurance provider for government entities in Florida, has released results of its 2009-2010 business cycle.

Insurers challenged the results of a report from the Massachusetts Attorney General that questions the state's relatively new auto insurance "managed competition" system.

In a historic Christmas Eve vote, the Senate passed healthcare reform legislation setting the stage for intense negotiations between the House and Senate, but insurance industry officials feel there is much to be concerned about.

BB&T bank, the third largest bank in insurance in the nation, said it has named its Chief Executive Officer, Kelly S. King as chairman of the board.