Agency Management

The federal government's $6 billion cut in the crop insurance program last week received a strongly negative response from the association representing the insurers.

AIR Worldwide (AIR) has received certification of its 2010 U.S. Hurricane Model by the Florida Commission on Hurricane Loss Projection Methodology.

Donna M. Cunningham has been elected president of the Professional Insurance Agents of New Jersey Inc. (PIANJ), a producer trade association.

Weiss Research Inc. finds a number of large life and annuity insurers are in solid financial shape.

The official start date of the Atlantic hurricane season was June 1, but no flood policies have been issued or renewed because the National Flood Insurance Program has expired, said two insurance groups, calling for a long term extension of the program.

While employers and employment practices liability insurers are currently preoccupied with fears over wage-and-hour claims,

Moody's Investors Service has affirmed the ratings of Marsh & McLennan Companies, Inc. following the announcement that MMC has agreed to sell Kroll Inc. to Altegrity, Inc. for $1.13 billion in cash.

A New York independent insurance agent's association dug in its heels in opposing the state Insurance Department's new producer disclosure regulation but is making further preparations to educate producers about the rule when it takes effect Jan. 1.