Agency Management

A matching fund has been created for Independent Insurance Agents and Brokers of America, Inc. employees who wish to donate money to assist Haitian earthquake victims, it was announced.

This year's insurance market prices should remain stable, as they were in 2009, despite a belief that during the first half a hard market turn was on the way, Marsh brokerage said.

The Independent Insurance Agents & Brokers of America said U.S. Senate Banking Committee Chairman Chris Dodd, D-Conn., will address the group's March 5 Large Agent/Broker and CEO dinner,

New York's controversial proposal for producer compensation regulations will be modified to make it easier for agents to fulfill the requirements, the state's insurance superintendent said.

Agents and brokers were warned at an industry conference that workers' compensation coverage written for a business operation in one state won't protect that firm's operations in other jurisdictions.

The danger of political and credit risk losses has surged as the global economic crisis takes a toll on world economies, according to an analysis by Aon Corp.