Agency Management

The National Association of Insurance Commissioners (NAIC) has created a task force to examine ways of ensuring that agents continue to be involved in the health insurance market even after the new health care exchange concept starts in 2014.

BB&T Corp. said its insurance operations produced record quarterly revenues despite the impact of the soft market.

Agents and underwriters sparred with Agriculture Department (USDA) representatives over agent commission caps put forth as part of the mandated cuts to the federal crop insurance program at a House subcommittee hearing.

Calling Aon's decision "troublesome and ambiguous," Willis Group Holdings roundly criticized the insurance broker's decision to accept contingent commissions while having to explain its own legacy contingent commission issue.

Insurance broker Marsh, a subsidiary of Marsh & McLennan Companies, said its specialist international placement broker Bowring Marsh has opened an office in Asia--the company's ninth office.

After several years of doing without contingent commissions, insurance broker Aon said it plans to begin accepting them once again.