Agency Management

The debate over whether the major brokerages should be allowed to earn contingency fees for delivering a certain volume or quality of business to carriers raged anew this year after Illinois eased restrictions over the practice.

Healthcare reform legislation viewed as more positive to insurance agents than earlier versions, cleared a critical hurdle in the Senate early this morning, setting the stage for Senate passage as early as Christmas Eve.

There has been a proliferation of Side-A-only insurance forms to cover directors and officers in recent years, but few know the history of the underlying coverage of the full D&O policy--a policy now more than seven decades old.

House passage of financial services reform legislation is drawing a mixed response from the property and casualty insurance industry.

When Michael Turk, senior consultant for Towers Perrin, pulled together figures for his firm's annual directors and officers liability insurance survey back in 2007, something just didn't seem right.

During my 35 years in the insurance industry I have repeatedly heard independent agents say that this is typically a slow period in their business.