Agency Management

A major independent agent leader threw down the gauntlet, challenging contingent fee opponent Willis to benchmark their brokers' upfront commissions against industry averages when delivering policies to clients.

Despite losses that would normally promote a hardening in the power sector insurance market, rates remain soft with no sign of a turnaround in the near future.

A proposed New York producer compensation regulation complies with the law and is necessary to inform consumers about possible conflicts of interest, the state's attorney general said in a court filing.

Swiss insurer Zurich Financial Services AG on Thursday reported a 51% decline in second-quarter net profit.

Despite losses that would normally promote a hardening in the power sector insurance market, rates remain soft with no sign of a turnaround in the near future, according to a report from insurance broker Willis Group.

Marsh & McLennan Companies has completed its deal to sell risk consulting firm Kroll to Altegrity Inc.