Agency Management

When David Letterman recently revealed that he had engaged in sexual relations with members of his staff, it was at once funny--with his deadpan delivery--and yet disturbing to the live audience and the viewing public.

Thanks to changes supported by carriers and agents, most industry groups are now satisfied with legislation creating a Federal Insurance Office within the Treasury Department that was passed last week.

Last month's $16.5 million settlement in an employee benefits plan case may open the floodgates to suits alleging excessive 401(k) fees, and fiduciary liability suits related to Ponzi schemes are poised to climb as well.

It is no coincidence that when free markets encounter turbulence, stability in the regulatory environment suffers as a result.

The House passed estate tax legislation that an insurance agents' trade group said they hoped could be modified to provide a higher exemption level for small businesses.

The Board of Directors of Zenith National Insurance Corp. today declared a regular quarterly cash dividend of $0.50 per share on its outstanding shares of common stock.