Three Marsh & McLennan executives promoted by the company in April will receive $1 million stock options each for their new jobs.

As clients become increasingly aware of technology, agencies must ensure they have an effective online presence to attract customers and expand business, suggests a panel of knowledgeable producers.

As clients become increasingly aware of technology, agencies must ensure they have an effective online presence to attract customers and expand business, suggests a panel of knowledgeable producers.

New rules that expose executives and directors of troubled financial-services institutions to unexpected negative consequencesincluding the possible loss of their salaries and other compensationhave sparked the creation of a new insurance coverage.

New Jersey Manufacturers Group was the largest insurer in the state to receive zero valid complaints, according to a report by the state’s insurance department.

Arthur J. Gallagher & Co. says net income dropped 48 percent for the 2011 first quarter, but the firm’s CEO is upbeat, noting signs of improvement for the coming year.

Ample capacity remains for new business in the insurance marketplace, but catastrophe losses are beginning to strain rates and increases are likely in some sectors, according to a report released by Marsh.

One issue of concern to both agents and customers is the future of the National Flood Insurance Program (NFIP)—still a subject of debate in Congress.