Agency Management

The National Insurance Crime Bureau (NICB), a not-for-profit organization dedicated exclusively to fighting insurance fraud and vehicle theft, has released its analysis of reported suspicious activity for the first half of 2009.

The chief executive of an independent agents group said his organization finds New York State's proposed producer compensation disclosure regulation unacceptable and without changes legal action is a possibility.

NU Editor Sam Friedman, celebrating his 28th anniversary, talks about the importance of helping develop the next generation of insurers, brokers and risk managers in his blog today at www.NUSamSoapBox.com.

The decline in insurance prices is finally showing signs of hitting bottom, with commercial property and casualty premiums overall dropping an average of 5 percent last month--half the rate of one year ago, MarketScout's "barometer" survey found.

The airline industry insurers market will probably not make a profit for the third year in a row despite an average 17 percent increase in prices between January and July this year, Aon said.

Arthur J. Gallagher & Co. insurance brokerage announced it will donate $100,000 to the Spencer Educational Foundation Inc. to fund a "Robert E. Gallagher and John P. Gallagher Scholarship."