Agency Management

The debate over disclosure of broker compensation has taken an ugly turn in New York, and the next battleground will be not just a court house, but the court of public opinion, warns NU Editor Sam Friedman in his blog at www.NUSamSoapBox.com.

While the omnibus property bill garnered most of the attention this past legislative session, there were significant life and health insurance-related bills under discussion also.

A prolonged soft market combined with a declining economy has led to unprecedented negative premium growth throughout the U.S. property and casualty industry for two consecutive years.

The absence of a major catastrophic event in Florida in recent years has not erased memories of the 2004 and 2005 hurricane seasons and the impact of the ensuing hard property insurance market.

When it comes to handling employee benefits, there are new Internet-based strategies available to reduce administration time, improve efficiency, eliminate errors, and provide valuable resources and reporting capabilities

The current management team's contract with the American Association of Managing General Agents has been renewed, keeping its present executive director and director of operations in place indefinitely.

The new coalition government leading the U.K. needs to act decisively to spur an economic recovery and must clarify any new approaches to regulation to facilitate a healthy and growing British insurance industry.

Insurance agents in Tennessee might have to deal with the prospect of lawsuits over accusations that they failed to properly advise customers about flood insurance.