Agency Management

Insurance broker Arthur J. Gallagher has reached a nationwide agreement with the Illinois attorney general and Illinois Insurance Department permitting it to once again accept contingent commissions.

The New York State Insurance Department and the China Insurance Regulatory Commission have signed a memorandum of understanding, it was announced.

A consumer group representative and a law professor told a Senate panel that they think the federal government should help regulate the insurance industry.

The gap between attractive prices being charged by incumbent directors and officers liability insurance carriers and higher premiums that have been charged by competitors in recent quarters has started to narrow, according to a broker executive.

Putting a new label on CNA's excess-and-surplus lines business is just one small step in a building process being led by industry veteran John Angerami, the new head of CNA Select Risk.

The fact that health care bills in the House don't implement the most controversial reforms until 2013 should undermine arguments that coverage mandates will derail our economic recovery, says NU Editor Sam Friedman in his blog at www.NUSamSoapBox.com.