Agency Management

BB&T Corp. reported its insurance brokerage division continued to grow in the fourth quarter, primarily on the strength of acquisitions.

Insurance agencies should not be surprised to see less compensation from carriers in the year ahead as many companies reassess their payment arrangements and require more business from them in a difficult economy.

A property and casualty insurance industry initiative has been launched nationwide to increase the use of real-time processing by independent insurance agencies.

Willis Group Holdings plc insurance brokerage said it has extended the contract of Chairman and Chief Executive Officer Joseph J. Plumeri for two more years.

The moribund economy will combine with zero interest rates to deliver a one-two knockout punch to property and casualty insurer bottom lines.

While not up to the generosity of Hollywood stars pledging $1 million out of their own pockets, insurance industry players are raising funds to help Haitians recover from its earthquake, notes NU Editor Sam Friedman on his blog at www.NUSamSoapBox.com.