News

Bank insurance brokerage fee income rose close to 12 percent in the third quarter of 2009 compared with the same period the year before, according to a consulting company.

Rather than dismiss agent and broker complaints as "the nature of the beast," carriers must raise their game to keep their producers satisfied, says NU Editor Sam Friedman on his blog at www.NUSamSoapBox.com.

The Haiti Earthquake caused an estimated 250,000 fatalities--and disease, starvation and lack of medical care could push the death toll higher, a catastrophe modeling firm said.

Former Treasury Secretary Henry Paulson and current Secretary Timothy Geithner both told a skeptical congressional committee today that if U.S. action was not taken to bail out AIG, Group it would have been a catastrophe for the nation.

U.S. taxpayers will only see the American International Group bailout repaid if Washington radically renegotiates the deal's terms, said AIG's former chief executive, Maurice Greenberg.

Florida Peninsula Holdings, LLC, the parent company of Florida Peninsula Insurance Company, has completed its acquisition of Edison Insurance Group, including its two subsidiaries.

You never know what you'll learn from TV. While flipping through the channels recently, Caroline became engrossed in a show about zoo risk management in light of a deadly zoo escape. Read about it and weigh in at www.NoRiskZone.com .

Niche insurer RLI Corp. reported fourth-quarter net income increased 411 percent on strong underwriting results and improvements in its investment portfolio.