Agency Management

E&S has historically been able to move independently from other financial service sectors. A downturn in the economy often has led to strengthened pricing as insurers tightened their underwriting guidelines.

The House passed legislation that would for the first time establish a federal office designed to deal with insurance activities.

The Senate, last night, extended the long delayed National Flood Insurance Program, an action that one agent group declared unacceptable due to political wrangling.

Insurance losses from the explosion and sinking of the Deepwater Horizon oil well are expected to be the largest ever for global offshore energy insurance and reinsurance markets. As claims mount, the public is saying, "Show us the money."

When claim disputes arise between insurers, the disagreements can become heated, jeopardizing critical working relationships as the lawyers gear up for battle.

Under the Medicare Secondary Payer Act, Medicare is always secondary to workers' compensation and other insurance such as no-fault and liability insurance.