News

Cuts to the Terrorism Risk Insurance Act proposed by the Obama administration would do serious harm to the availability of terrorism insurance, a report from insurance broker Aon said.

The president of a defunct New York title insurance company was arrested today on charges he misappropriated up to $5 million in client and escrow monies, federal and state authorities announced.

Despite continued increases in health insurance costs, few employers are considering getting rid of the programs, viewing them as an important employee benefit, a survey from the Council of Insurance Agents & Brokers found.

A hard insurance market may not be on the horizon any time soon, according to wholesale line executives, but no signs of pessimism were evident among attendees of this year's meeting of the American Association of Managing General Agents.

A Florida bill that would allow some insurers to charge rates above those approved by the Office of Insurance Regulation provided they meet certain capital requirements has drawn the ire of consumer groups.

Insurance agencies seeking to upgrade their technology systems should not only consider the needs of clients and insurance carrier partners, but must also collaborate with their producers and support staff to assure a smooth, successful transition.