Agency Management

The Florida Office of Insurance Regulation has approved an average statewide homeowners insurance rate increase for Citizens Property Insurance Corp. of 10.3 percent--slightly more than the state-run insurer asked regulators to approve.

In seeking directors and officers' coverage Peter G. McDonough, general counsel for Princeton University, said he is primarily concerned with defense cost certainty. "Retention is what I really care about."

A bill extending the National Flood Insurance Program for another year passed the House of Representatives yesterday and was sent to the White House.

Brian Bartosh was elected the new chairman of Applied Systems Client Network (ASCnet) during the association's annual meeting.

New York's insurance regulator has outlined several proposals to ensure consumers have access to homeowners insurance, but insurance associations believe he is fixing a problem that doesn't exist.

The Council of Insurance Agents & Brokers has named Ce Harrison its new chief financial officer.