Agency Management

Premiums are not likely to begin rising until early 2010, but federal insurance regulatory reforms before then could mean abrupt price spikes rather than gradual shifts, one leading industry economist has warned.

William Corrigan has been named chief financial officer of Marsh & McLennan Agency LLC, which targets the insurance needs of small to middle market businesses and personal lines clients, it was announced.

Not only did Eric Dinallo do an excellent job as New York's insurance superintendent in the most difficult of times, but he's destined for far bigger positions down the road, says Editor In Chief Sam Friedman in his blog today at www.NUSamSoapBox.com.

London-based insurance broker Jardine Lloyd Thompson Ltd. is advising company directors to take steps to mitigate risk of exposure to the current swine flu pandemic and check their directors and officers liability.

Offshore energy operations are facing Monday's hurricane season start with big insurance coverage problems including deep cuts in capacity and huge premium increases, an insurance broker said.

It's time for some tough love to prod the insurance industry into taking steps to improve its perpetually tarnished image, says NU Editor In Chief Sam Friedman in his blog today at www.NUSamSoapBox.com.