Agency Management

The New York Insurance Department expressed "disappointment" over the decision by two producer groups to file suit to stop implementation of a compensation disclosure law, wondering what brokers might be "trying to hide."

T.V.'s "America's Most Wanted" host, with a message to make a difference, and a sportscaster offering life lessons in business relations imparted their knowledge to members of a wholesale producer association here this week.

The current management team's contract with the American Association of Managing General Agents has been renewed, keeping its present executive director and director of operations in place indefinitely.

The IIABNY and the CIBGNY today jointly filed a legal action to prevent the New York Insurance Department from implementing a proposed producer compensation disclosure law.

The National Association of Insurance Commissioners said it will hold its fifth Financial Summit: 2010 Leadership Initiatives, June 2-4, at the Hyatt Regency Jacksonville Riverfront Hotel, Jacksonville, Fla.

Agents and brokers cited price as the main driver in 2010 when placing personal lines business, eclipsing both "ease of doing business" and insurance product offerings, according to an AUGIE survey.