Agency Management

Authorities issued a "Scam Alert" yesterday warning that imposters were posing as insurance department employees targeting agents and brokers in Nevada and California seeking confidential personal data.

Aon has taken over as sponsor of world-famous British soccer team Manchester United, a marketing spot that was held by American International Group.

Political infighting has left the Texas Department of Insurance facing the possibility of being abolished through legislative inaction, but industry officials say there is no crisis at the moment.

Wells Fargo & Company has passed Citigroup Inc. in insurance brokerage income, according to a report issued by a bank insurance consulting firm.

Risk consulting firm Kroll said it has completed the sale of its U.S. government security clearance screening business, Kroll Government Services Inc., to Veritas Capital, a private equity firm. Transaction terms were not released.

Organizations that ignore the threat of terrorism and do not plan for the possibility could face lengthy and expensive litigation in the aftermath of an event, according to an executive at Aon.

The Professional Insurance Agents of New Jersey Inc. said Kenneth Auerbach has been named the organization's Professional Agent of the Year.

The Gulf Coast remains the most likely hot spot for hurricane landfall, according to an updated report from Guy Carpenter that issued a forecast just slightly off from the landfall average dating back to 1951.