News

Independent agencies are invited to enter the 2010 Commercial Insurance Agency of the Year Award program, run by National Underwriter and its sister publication, American Agent & Broker, with entries due by July 1.

Mario Vitale, Zurich Global Corporate chief executive officer is the recipient of the Boys Hope Girls Hope of New York 2010 BHGH Vision of Hope award.

U.S. commercial property and casualty insurance premiums and corresponding rates were down 4 percent last month, but an uptick is coming for energy rates, an insurance exchange executive predicted.

Practicing what they preach in terms of personal risk management, more than 96 percent of independent agents and brokers responding to a recent online survey said they carried errors and omissions insurance.

American International Group reported a first-quarter profit of $1.45 billion, but its chief executive cautioned that volatility for the company's future earnings lies ahead.

Despite continuing doubts and uncertainties regarding the economy, a noted insurance economist offered some good news to workers' compensation insurers, saying the recovery is self-sustaining and the property and casualty industry will see growth in 2011.