Agency Management

Flood-insurance reauthorization legislation proposed by the leadership of the Senate Banking Committee would mandate a phase-out of subsidies while forgiving the program's debt.

Joseph P. Lacher Jr., president of Allstate Protection, is leaving effective immediately.

An article in the New York Post slamming a New York broker for partnering with Lloyd's of London and selling "improper policies" without paying premium taxes is correct in some instances and misses the mark in others, according to industry experts.

WRM America has agreed to buy the flood business unit from Fidelity National for $210 million.

The National Association of Insurance Commissioners has decided an indirect, behind-the-scenes approach to reducing the strain on health insurance agents through the medical loss ratio provision will be most effective

Insurance industry trade groups today lauded the decision of the House to pass legislation reauthorizing the National Flood Insurance Program for five years—and urged the Senate to act promptly on the measure.