Agency Management

Alex Soto received the IIABA's Woodworth Memorial Award here last week for his years of service and contributions to the independent insurance agency system.

The American Association of Managing General Agents is gearing up for its annual meeting in Boca Raton, Fla., later this month, drawing its members to the gathering with the promise of networking opportunities.

While there are plenty of programs available for experienced customer service representatives to receive advanced instructions for specific insurance lines, programs for those new to the field have been in short supply.

The dollar value of merger and acquisition activity for the U.S. property-casualty sector grew last year by just under $2.7 million, but for all types of insurers worldwide the monetary worth of mergers declined, a consulting firm reported.

In the current economic climate, insurers who look to program business to generate additional premium volume will be conducting more thorough due diligence examinations of potential programs before agreeing to take them on.

Homeowner health complaints related to Chinese drywall products point up a need for contractors to obtain enhanced insurance coverage, but such protection may not be available, according to a brokerage expert.