Agency Management

A Venezuelan investor has sued London-based insurance broker Willis Group Holdings Ltd. and its U.S.-based subsidiary, Willis of Colorado, for providing false assurances that Certificates of Deposit were insured.

A quarterly survey of insurance brokers finds pricing continuing to be soft, but with results indicating less decline than in past quarters.

Daytona Beach, Fla.-based insurance broker Brown & Brown reported a slight increase in net income for the second quarter of this year, but the economic downturn continues to produce strains on the firm's organic growth.

Kansas City, Mo.-based insurance broker Lockton said it has taken a key shareholding interest in Perth, Australia-based insurance broker Australian Reliance.

Aon Corp. announced that it will pay a quarterly cash dividend of 15 cents per share on outstanding common stock on Aug. 17 to shareholders of record as of Aug. 3.

It was impressive to see over 1,000 agents march on Capitol Hill so Congress doesn't take them for granted on health reform, but they have a steep climb to head off a public insurance plan, warns NU Editor Sam Friedman in his blog at www.NUSamSoapBox.com.