Agency Management

With U.S. property and casualty insurance rates falling 4 percent in October 2010, the industry may be experiencing a "new normal" in terms of market conditions, according to an executive.

Insurance brokers placing commercial lines business say they see no sign of a market turnaround anytime soon.

Labor costs are high and only getting higher. With the recession having taken its toll on your newest and least skilled performers, now is a great time to improve labor output.

Employment in the property and casualty insurance industry declined in September 2010 compared to August, and declined by 2.9 percent compared to

Andrew Appel, chief operating officer of Chicago-based brokerage Aon, will be leaving the company at the end of the year.

Marsh & McLennan Companies reported 2010 third quarter net income of $168 million, a 24 percent decrease compared to 2009 third quarter net income of $221 million.

Last week's election results for state gubernatorial races across the nation are likely to radically change the complexion of the state insurance regulatory system, with commissioner positions hinging on the actions of newly elected governors.

American International Group said the sale of one foreign insurer and the initial public offering of a second have raised enough money to repay a line of credit it has with the Federal Reserve Bank of New York.