Agency Management

The debate over disclosure of broker compensation took an ugly turn with a lawsuit filed in New York last month, although the most important verdict might not come in the court house but in the court of public opinion.

Independent agencies have until July 1 to hand in their entries for the 2010 Commercial Insurance Agency of the Year Award program, run by National Underwriter and American Agent & Broker.

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 did not know applied to certain subsets of their workforce, experts said.

CRC Insurance Services Inc. has acquired TB&C Wholesale Insurance Services of Glendale and Placentia, Calif.

Agent associations joined the National Crop Insurance Services in criticizing the Obama administration's decision to cut the federal crop insurance program by $6 billion over the next 10 years.

Final action on the insurance section of financial services reform legislation has been delayed as conferees work through an impasse over a federal insurance office's scope of authority in international matters.