Agency Management

As the use of social media and the realization of its possibilities expand, a major independent insurance agent's group released a report to give producers ideas on how to develop policies to manage the new business channel.

The revelations surrounding Tiger Woods' infidelities have helped one broker promote a new coverage aimed at organizations that built their branding campaigns around a celebrity whose reputation becomes tainted.

While battles over health care reform got most of the headlines here this month, Congress tackled a host of other issues of keen interest to property and casualty insurers and producers.

We made it! This exceedingly volatile, outrageously expensive and mercilessly cruel first decade of the new millennium careened to a chaotic close and somehow the property and casualty insurance industry crossed the finish line more or less intact.

In two reports, insurance brokers said the reinsurance marketplace has made a remarkable recovery through 2009 and remained disciplined in its pricing through the Jan. 1 renewal season.

Reinsurance rates across most lines of property and catastrophe business declined for Jan. 1, 2010 renewals, according to a study released by reinsurance broker Guy Carpenter & Company, LLC.