Agency Management

The U.S. House of Representatives passed legislation last week extending the expiring National Flood Insurance Program yet again--this time until March 31, 2010.

Laura Toops, editor of American Agent & Broker, ponders the potential implications of Gallagher getting permission to accept controversial contingency fees again. See her blog at www.Agent-For-Change.com.

Grady B. Campbell, vice president, property and casualty marketing for Motorists Mutual Insurance Company, was named chairman of The PIA Partnership.

Aon Corp. reported flat second quarter organic growth and net income fell 87 percent compared with the previous period when it profited from the sale of its insurance companies.

The announcement yesterday that Arthur J. Gallagher will be allowed to collect contingent commissions again starting Oct. 1, was met with a measure of approval by two of the three major insurance brokers who are currently barred from taking them.

Willis Group Holdings reported second quarter net income rose 123 percent over the same period last year primarily on last year's acquisition of Hilb, Rogal & Hobbs, but organic growth grew only 1 percent as the soft market and recession took a toll.