Agency Management

While there are plenty of programs available for experienced customer service representatives to receive advanced instructions for specific insurance lines, programs for those new to the field have been in short supply.

Independent agents are getting hit with a double whammy these days--still suffering from commission losses as a result of the persistently soft market, while simultaneously dealing with the fallout of a severe recession.

American International Group announced last week it was accelerating the spin-off of its major property-casualty insurance units into a separate company so it can sell off a minority share to the public.

Despite the best of intentions and efforts of risk capital providers and program administrators, the reality is that change is inevitable.

Insurers bracing for potential losses from the installation of defective Chinese drywall in homes in the Southeast may find themselves named directly in lawsuits, according to legal experts.

The dollar value of merger and acquisition activity for the U.S. property-casualty sector grew last year by just under $2.7 million, but for all types of insurers worldwide the monetary worth of mergers declined, a consulting firm reported.