Agency Management

The U.S. property and casualty industry was a lot more profitable last year despite a shrinking pie of insurable exposures and a persistently soft commercial market...

While program carriers have found property and casualty business opportunities in everything from auto repossessors to fine arts in recent months and years, some are eyeing new business potential in the accident and health space.

Directors and officers insurance experts found little to celebrate in a report declaring an end to securities lawsuits arising from the credit crisis, and Goldman Sach's recent troubles had them throwing more cold water on positive findings.

A combination of new business and high retentions contributed to an 11 percent increase in net income for Itasca, Ill.-based insurance broker Arthur J. Gallagher.

Willis Group Holdings said it will unveil an Internet-based campaign to educate insurance buyers about the conflicts of contingent commissions at the Risk and Insurance Management Society meeting in Boston.

With concerns mounting over the dangers of driver distraction from cell phones and texting, a new British survey is highlighting perils from GPS devices.

In advance of reporting quarterly results, insurance brokers Arthur J. Gallagher and Aon Corp. have both announced they will pay quarterly dividends to investors.

Although none of its clients were harmed financially, Acordia insurance brokerage should pay a penalty for failing to tell them it had a special compensation arrangement with certain carriers, a judge has ruled.