Agency Management

Members of President Barack Obama's team are reportedly extending an olive branch to the "fat cats" in banking and on Wall Street. Why not insurers as well, wonders NU Editor Sam Friedman in his blog at www.NUSamSoapBox.com.

Florida Insurance Commissioner Kevin McCarty met with officials in Washington DC today to discuss implementation of MLR.

The Independent IIABNY said it will hold a series of information sessions for insurance producers to help prepare them for the state's disclosure regulation, scheduled to take effect Jan. 1.

Donna Chiapperino was named president of the Professional Insurance Agents of New York State Inc.

Chicago-based insurance broker Aon said its stockholders approved a deal to purchase Hewitt Associates Inc. at a special meeting yesterday. The firm said stockholders of Hewitt approved the deal earlier in the day.

A new government system monitoring motor-carrier safety will achieve a long-term goal of reducing crashes, experts agree, but it may have a short-term impact of driving up loss severity for inattentive insurance carriers, some warn.