It would appear reports of the demise of the independent agent were greatly exaggerated, as a new survey shows the independent-agency system is growing again and is financially healthier than it has been in the past few years.
The Travelers Co.s record third-quarter net-income result was as much a product of a disciplined underwriting strategy as the benign catastrophe season, company executives say.
Todays announcement that Willis Group Chairman and Chief Executive Officer Joe Plumeri will be stepping down does not come as a shock to financial analysts, but one analyst says the announced replacement did come as a surprise, and disappointed investors.
The Council of Insurance Agents & Brokers challenged members to think about innovation in a general session at its annual conference that deviated from the norm.
The Council of Insurance Agents & Brokers challenged members to think about innovation in a general session at its annual conference that deviated from the norm.
Reinsurance brokers can no longer rely on the traditional means of commission compensation for placing risks, and must begin charging fees similar to other professionals billing for services, says a business professor studying the industry.