Agency Management

A funny thing happened in Washington recently at the Independent Insurance Agents and Brokers of America Legislative Conference and Convention.

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.

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.

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.

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.