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Insurers are making their mark on U.S. and United Nations-imposed sanctions on Iran, as leading insurers are denying coverage for Iranian vessels that ship vital goods, a Washington Post story reveals.

More independent agencies are taking advantage of advances in technology, including improved agency management systems, social media marketing methods and real-time capabilities, according to American Agent & Brokers' 2010 reader agency automation survey.

Calling Aon's decision "troublesome and ambiguous," Willis Group Holdings roundly criticized the insurance broker's decision to accept contingent commissions while having to explain its own legacy contingent commission issue.

A tropical depression is expected to intensify to a tropical storm and enter the Gulf of Mexico late Friday, which could complicate efforts at the British Petroleum oil spill site.

A Government Accountability Office official contradicted a Florida Office of Insurance Regulation (OIR) official over a report that reviewed nine of the nation's residual catastrophe insurance programs.

Now that President Barack Obama has signed financial services reform into law, an intense lobbying effort will be set in motion to shape the regulations that will implement the bill to the liking of insurers, brokers and other interested parties.

Agents and underwriters sparred with Agriculture Department (USDA) representatives over agent commission caps put forth as part of the mandated cuts to the federal crop insurance program at a House subcommittee hearing.

Subrogation and claim specialists in New York, Texas, and six other states will soon join nine others who have access to a tool that helps streamline the subrogation process -- at no charge.