Agency Management

The abundance of documents generated each day in the insurance industry creates a dire need for agents, brokers, insurance companies and consultants to find effective and cost-efficient ways to store critical information.

Can independent agents and brokers survive depending upon price-sensitive commissions to make a living, wonders NU Editor In Chief Sam Friedman in his blog today at www.NUSamSoapBox.com.

A day after announcing the acquisition of a Texas agency through its Marsh & McLennan Agency subsidiary, Marsh & McLennan President and CEO Brian Duperreault said the brokerage could announce several more agencies by year end.

Holmes Murphy & Associates independent insurance brokerage said James S. Swift, the chief executive officer of the firm, has been named to the additional post of chairman, effective Jan. 1, 2010.

Marsh & McLennan Companies Inc. today announced it has reached a settlement in the securities class action lawsuit filed in 2004 in the U.S. District Court for the Southern District of New York.

Final training in a job placement program and a graduation ceremony will be held next week for 25 disabled veterans participating in an "Aon Salute to America's Wounded Warriors," event, the brokerage announced.