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Agents and brokers cited price as the main driver in 2010 when placing personal lines business, eclipsing both "ease of doing business" and insurance product offerings, according to an AUGIE survey.
The IICF announced that Maurice R. "Hank" Greenberg, chairman and CEO of C. V. Starr & Company, will receive this year's Double I Award, for influence in the industry and impact in the community, at the foundation's annual dinner.
Officials with the AAMGA were confident that few, if any, changes would be made to the surplus lines reform measure contained in the financial reform act now headed to a Congressional reconciliation committee.
The IIABNY and the CIBGNY today jointly filed a legal action to prevent the New York Insurance Department from implementing a proposed producer compensation disclosure law.
Deep experience in the insurance industry helped NxTech founders, Thad Bauer and Bill Tedrick, develop a suite of connectivity products that has earned rave reviews from customers.
The Senate agreed Monday night to pursue a change in financial services legislation that would exempt insurers that own banks or thrifts from the "proprietary trading" restrictions imposed by the "Volcker rule."
The BP oil spill disaster is a failure not only of technology and regulation, but risk management as well, says NU Editor Sam Friedman in his blog at www.NUSamSoapBox.com.
Decisions such as the FEMA's to delay charging market rates for policies sold in certain areas under the deficit-ridden NFIP, could become more common, an insurer group said.
Independent agencies are invited to enter the 2010 Commercial Insurance Agency of the Year Award program, run by National Underwriter and American Agent & Broker, with entries due by July 1.
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