Commissions received by property and casualty agencies from their benefits divisions could be affected by medical loss ratio standards state regulators are required to institute.
Fort Worth, Texas-based insurance broker Higginbotham & Associates, a former winner of National Underwriter's Agency of the Year Award, has acquired Houston-based The Essential Insurance Group, LLC.
New York State regulators have approved an agent association's disclosure statement that insurance agents and brokers can use to inform their clients about their compensation arrangements with carriers.
The Deepwater Horizon oil spill disaster in the Gulf of Mexico could cost insurers up to $3.5 billion, Moody's said, but A.M. Best affirmed the oil rig owner's captive insurer rating despite the losses it faces.