Risk Management

Joe Plumeri, head of Willis Group Holdings, launched a broadside at the independent agent community in last week's National Underwriter.

The House passed a five-year extension of the National Flood Insurance Program, but a concurrent causation amendment is prompting fierce industry opposition, and it is unclear whether the Senate will even take up the measure this year.

One of the most famous quotes of baseball legend Yogi Berra was his adage: "It ain't over till it's over."

After several years of doing without contingent commissions, insurance broker Aon said it plans to begin accepting bonus compensation from carriers once again.

This fall, the pop culture poster child for greed, Gordon Gekko, returns in a sequel to the movie "Wall Street," called "Money Never Sleeps."

The House leadership pulled a bill off of the floor before a vote could be taken on legislation that would add windstorm coverage to the National Flood Insurance Program (NFIP).

The extent of damage and insurance industry losses from the BP Gulf of Mexico oil spill disaster is still unknown, but an industry environmental coverage expert said insurers should use the event to create new coverages rather than exclusions.

A federal probe into whether state insurance regulators are overstepping their authority when it comes to risk retention groups is being hailed by a national self-insurance group.