Agency Management

BB&T Corp. said its insurance brokerage unit produced record revenues in the quarter and its CEO said the brokerage is seeing signs of hardening in the insurance marketplace.

Daytona Beach, Fla.-based insurance broker Brown & Brown reported a slight increase in net income for the second quarter of this year, but the economic downturn continues to produce strains on the firm's organic growth.

Aon Corp. announced that it will pay a quarterly cash dividend of 15 cents per share on outstanding common stock on Aug. 17 to shareholders of record as of Aug. 3.

More than 1,000 agents converged on Capitol Hill last week to make clear to their representatives in Congress the vital part they play in helping consumers make wise health insurance choices.

Kansas City, Mo.-based insurance broker Lockton said it has taken a key shareholding interest in Perth, Australia-based insurance broker Australian Reliance.

It was impressive to see over 1,000 agents march on Capitol Hill so Congress doesn't take them for granted on health reform, but they have a steep climb to head off a public insurance plan, warns NU Editor Sam Friedman in his blog at www.NUSamSoapBox.com.