Agency Management

Individuals and businesses hosting holiday parties should beware of "Dram Shop Liability" laws in their state, as those individuals and businesses could be held liable for alcohol-related incidents involving their guests.

Earlier this month the property and casualty insurance industry held its annual "love fest" in New York City, honoring its greatest cheerleader, Willis Group Chair and CEO Joseph J. Plumeri.

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.