Tom Suter, vice president of strategy and managing partner for Naviant, a Minneapolis-based technology consulting firm, says agencies need to find a way for the younger generation to tap into what he calls the experienced principals’ “fountain of knowledge.”

Having invested many tens of millions of dollars into technology over the past few years, large underwriters have developed tremendous competitive advantages, perhaps foremost among them the ability to write personal-lines business in real time. This real-time functionality—the ability to research, quote and deliver the policy to a customer...

If Republicans were in search of a friendly venue for their message of spending cuts and regulation reduction, they found a warm embrace a few short blocks from Capitol Hill at the recent meeting of the Independent Insurance Agents & Brokers of America in Washington D.C.

Ambac Assurance’s segregated account will not begin to make claims payments beginning in May because regulatory officials are not comfortable with the company’s ability to pay claims, officials say.

Munich Re says it expects its first quarter natural disaster catastrophe claims loss to total $3.9 billion.

The new rules governing financial services institutions could have some unexpected consequences for executives and directors and open new business opportunities for insurers.

Winston-Salem, N.C. bank BB&T Corp. says insurance services decreased slightly in the first quarter while its banking business reported net income increase of 21 percent.

The Chubb Corp. says 2011 first quarter net income increased 10 percent over the prior year despite the impact of $270 million from global catastrophe claims.