Agency Management

Captive insurers tend to be capitalized in excess of the statutory minimums regardless of where they are domiciled, according to a new report from Marsh insurance brokerage.

Some teens are so busy texting, they must think their cars have autopilots.

Willis Group Holdings, plc, reported first-quarter net income rose 6 percent over last year as the company captured new business and continued to control costs.

As debate continues on financial services reform legislation in the Senate, insurance industry representatives said they will work to eliminate regulatory provisions they consider too "bank-centric."

With all the fuss at the RIMS conference over contingent commissions, wouldn't it make more sense for risk managers to just pay their brokers a fee for services rendered, says NU Editor Sam Friedman in his blog at www.NUSamSoapBox.com.

Contingent commissions are either a serious conflict of interest that clouds the insurance buying decision, or can act as leverage in the carrier-client relationship, according to the conflicting views of two brokers.