Agency Management

Members of corporate boards increasingly recognize that financially ailing carriers can topple directors and officers liability coverage towers, but they also need to structure strong programs in the event their own firms enter bankruptcy.

This is the last call for entries for the 2009 National Underwriter "Commercial Insurance Agency Of The Year" award program, with the July 13 deadline looming.

The property and casualty industry posted a $1.3 billion first-quarter loss--the worst result it has recorded in more than 20 years of surveying consolidated results, the Insurance Services Office reported.

A longtime Allstate agent and veteran of the Florida House of Representatives has announced his candidacy for Florida chief financial officer in a race likely to see some focus on the state's fractured insurance market.

Insurance broker Willis Group Holdings said it has named Jose Diaz Devesa as chief executive officer of Willis Venezuela, effective immediately.

The American Insurance Marketing & Sales Society (AIMS) has named James P. Gosselink president of the association for 2009-2010.