News

Marsh & McLennan Agency remains on track to be a "significant player" in the middle commercial market and is primed for additional growth, its chief executive says.

The new Financial Stability Oversight Council is seeking input about what criteria should be used in placing non-bank financial companies, such as insurers, under its federal scrutiny.

Rates for U.S. property and casualty commercial insurance policies were down an average of 4 percent during September, with the most competitive pricing for accounts over $1 million in premium.

Independent agents are tired of losing personal lines market share to direct writers, and they will be fighting back in 2011 with a new Web portal and branding campaign.

President Barack Obama signed into law legislation extending the National Flood Insurance Program as is until Sept. 30, 2011--averting what would have been yet another shutdown of the federal catastrophe coverage plan.

A coalition of insurance agent groups is asking the NAIC to exclude commissions from a new medical loss ratio requirement in the federal health care reform law.