Agency Management

The industry suffered an irreplaceable loss last month with the death of William E. Bailey.

AIG, its former Chairman and CEO Maurice R. Greenberg and its former CFO Howard I. Smith announced last week that they have jointly agreed on terms for binding arbitration of various legal disputes.

A federal judge ruled last week that Starr International Co. Inc. did not breach its trust to AIG employees over continuation of a deferred compensation program.

After doubling in size last Monday, the "Station Fire" in California threatened homes and commercial properties with a total insured value of more than $17 billion.

Progressive's new distribution leader shares what the insurer is doing to help its 30,000 independent agents compete in an interview with American Agent & Broker Editor Laura Toops at http://bit.ly/2Cxqu2.

President Obama should set a trigger on creation of a public plan to give insurers the opportunity to put up or shut up on providing affordable coverage for all, says NU Editor In Chief Sam Friedman in his blog at www.NUSamSoapBox.com.