Agency Management

Over the years, the insurance industry has made significant contributions to the advancement of business and financial risk management.

As a dollar floats from your agency over to the company, you get to pluck out about a dime. Out of that dime you'll need to pay rent, payroll, printing, technology and so on. What's left--if anything--is your profit.

Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. said it has acquired Behnke & Co., headquartered in Decatur, Ill.

Federal regulators established as federal law medical loss ratio guidelines that largely track the guidelines approved by the National Association of Insurance Commissioners on Oct. 21.

Even though enterprises large and small are losing the battle against cyber attacks, specialty insurers are expanding coverages triggered by computer privacy breaches as rapidly as new enemies emerge to pursue new targets, experts said here.

Just 20 years ago, the answer was simple. Need an insurance agent? Pick up a phone book.