Agency Management

The CPCU Society officially elected Warren L. Farrar as its president and chairman at the group's 66th Annual Meeting and Seminars in Orlando, Fla.

The soft market trend is expected to continue for the foreseeable future as some broker and company experts suggest the cycles of the past may be changing to an almost permanent state of a depressed market.

A coalition of insurance agent groups is asking the National Association of Insurance Commissioners (NAIC) to exclude commissions from a new medical loss ratio (MLR) requirement in the health care law.

While the Council of Insurance Agents & Brokers is proud of the work it did for agents leading up to the health care reform law, the association's chairman said work remains to be done to safeguard members' interests.

Marsh & McLennan Companies has agreed to pay Ohio $4.75 million to settle an antitrust lawsuit.

For the ninth-consecutive year, National Underwriter has named a "Commercial Insurance Agency of the Year," along with winners in four additional categories.