Agency Management

What ethical obligations, if any, do insurance companies and independent agencies and brokerages have in developing a more diverse industry workforce by recruiting, training and promoting more women and minorities in their respective ends of the business?

Holding up a glass filled with white milk, Tyronne Stoudemire, global director of diversity and inclusion for Hewitt Associates, poured in some chocolate syrup--which promptly settled to the bottom until it was vigorously stirred.

Crime insurance and fidelity bonds provide only limited protection to financial institutions and other insureds seeking to recover losses from fraudulent operations like mortgage scams and Ponzi schemes, experts said here.

A concern that a so-called "navigator" provision will limit the ability of insurance agents to sell health insurance products will be front and center on the agenda of the industry's lobbyists as the U.S. Senate begins debate Nov. 30.

When Michael Turk, senior consultant for Towers Perrin, pulled together figures for his firm's annual directors & officers liability insurance survey back in 2007, something just didn't seem right.

With a health care reform bill already passed by the House earlier this month, and with the Senate giving the green light to debate its own very different proposal after Thanksgiving, it looks like legislation might yet be passed after all.

Bernard Madoff could not be convinced to buy professional liability insurance for his investment services, but legal requirements did force him to purchase a fidelity bond, a specialty broker revealed at an industry conference.

When David Letterman recently revealed that he had engaged in sexual relations with members of his staff, it was at once funny--with his deadpan delivery--and yet disturbing to the live audience and the viewing public.