Agency Management

They say that he who pays the piper calls the tune. So why don't more risk managers just pay their brokers a set fee, rather than complain about contingent commissions corrupting the insurance placement process?

Florida Insurance Commissioner Kevin McCarty has come out full force in support of property bill SB 2044, passed in the final hours of the 2010 Florida legislative session.

David M. Gelia was named chairman of the Independent Insurance Agents & Brokers of New York Inc. during its recent 128th annual business meeting.

Lloyd's achieved a record profit of ?3.87 billion--that's $5.9 billion, in current exchange rates--to go along with a sparkling combined ratio of 86.1 last year despite a severe economic contraction and stubbornly soft commercial insurance pricing.

Joseph Peloso, a veteran of the program business segment, remembers a time when unsolicited program proposals flooded the desks of property and casualty underwriters, offering more business than they could possibly handle.

Carole J. Banfield was named Insurance Woman of the Year by the Association of Professional Insurance Women.