Agency Management

Government supports for terrorism risk insurance are growing globally, although some countries provide no backing, according to a study by reinsurance brokerage Guy Carpenter Inc.

Both supporters and opponents of a new federal oversight system for the insurance sector all found something to like in the Obama administration's white paper proposing sweeping reforms of financial services regulation.

From 2006 through 2008, the mergers and acquisitions market for insurance agencies and brokerages was robust. Activity and valuations both soared as highly-motivated buyers competed against each other to get deals done.

The leadership of the National Association of Professional Insurance Agents is voicing misgivings about the Obama administration proposal to create an Office of National Insurance.

The New York Insurance Department, after more than a year of consideration and a hearing, formally proposed a regulation today expanding the list of difficult risks that can be insured by other than New York- licensed carriers.

Supporters and opponents of a new federal regulatory regime for the insurance sector all found something to like in the Obama administration's white paper on financial services regulatory reform.