Agency Management

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.

Auto policy shopping trends between Baby Boomers and Generation Y vary widely, with only 68 percent of Generation Y citing price as a reason for shopping their policy, compared with 83 percent of Baby Boomers, a survey found.

The National Association of Insurance Commissioners said it will hold its fifth Financial Summit: 2010 Leadership Initiatives, June 2-4, at the Hyatt Regency Jacksonville Riverfront Hotel, Jacksonville, Fla.

Agents and brokers cited price as the main driver in 2010 when placing personal lines business, eclipsing both "ease of doing business" and insurance product offerings, according to an AUGIE survey.

Officials with the AAMGA were confident that few, if any, changes would be made to the surplus lines reform measure contained in the financial reform act now headed to a Congressional reconciliation committee.

The IIABNY and the CIBGNY today jointly filed a legal action to prevent the New York Insurance Department from implementing a proposed producer compensation disclosure law.

For property and casualty insurers looking to replace or renew core information technology systems in this challenging economy, best-of-breed solutions offer a compelling alternative to one-size-fits-all suites.

Thomas J. Slattery, for many years the editorial leader of National Underwriter, passed away on May 14 of respiratory failure at the age of 68.