Agency Management

Walmart may be the most frequent defendant named in wage-and-hour lawsuits, but insurers and pharmaceutical companies are also caught up in a maze of rules they didn't know applied to certain subsets of their workforce, experts say.

The insurance industry needs to give greater support to nascent minority insurance producers or risk losing ground to the direct markets in the future, a New Jersey agents association president said.

Liz Flynn was named global chief operating officer for reinsurance broker Guy Carpenter & Company, LLC., a subsidiary of Marsh & McLennan Companies.

Agent associations have joined the National Crop Insurance Services' (NCIS) criticisms of the Obama administration's decision to cut the federal crop insurance program by $6 billion over the next 10 years.

Standard & Poor's revised its outlook to negative on Marsh & McLennan Companies after MMC announced a $500 million settlement with the Alaska Retirement Management Board...

The federal government's $6 billion cut in the crop insurance program last week received a strongly negative response from the association representing the insurers.