Agency Management

The decline in insurance prices is finally showing signs of hitting bottom, with commercial property and casualty premiums overall dropping an average of 5 percent last month--half the rate of one year ago, MarketScout's "barometer" survey found.

The airline industry insurers market will probably not make a profit for the third year in a row despite an average 17 percent increase in prices between January and July this year, Aon said.

Arthur J. Gallagher & Co. insurance brokerage announced it will donate $100,000 to the Spencer Educational Foundation Inc. to fund a "Robert E. Gallagher and John P. Gallagher Scholarship."

While networking activities between specialty insurers and brokers remain the centerpiece of the annual meeting of NAPSLO, one new item on this year's schedule promises to bring two generations of NAPSLO members together.

Large groups of private educational institutions, hospitals, hotel chains and even officials of Major League Baseball can buy insurance for income losses and extra expenses incurred during a pandemic.

What can Progressive Insurance do to help its independent agents compete in an increasingly virtual insurance market?