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Independent agencies that do an outstanding job selling insurance and providing risk management services for their clients are urged to enter the 2009 National Underwriter "Commercial Insurance Agency Of The Year" award program, with entries due July 13.

Insurance trade groups have told the nation's insurance regulators the work of financial rating firms is unsatisfactory, but it's not a job the regulators should attempt.

Independent agents can help make up for declining premium growth in a soft market and a recessionary economy by helping clients create captive insurance companies, where appropriate, one alternative market manager suggests.

While Bermuda companies are feeling the effects of the economic crisis, they have survived other disasters, including major hurricanes, and will come through this one as well, a Bermuda official contends.

California Insurance Commissioner Steve Poizner has announced a settlement of four lawsuits that provides the liquidation estate of failed workers' compensation insurer Fremont Indemnity Company with up to $37.3 million.

A House Republican financial regulation plan unveiled last week would require congressional authorization for aid to troubled non-bank financial institutions such as American International Group, but would not disturb state insurance regulation.

American International Group's New York headquarters tower and a nearby AIG skyscraper have been bought by the investment and development firm Youngwoo & Associates (YWA) and a Korean bank, a real estate brokerage said.

Commercial property-casualty insurance saw the smallest price decline in four years, according to a survey by consulting firm Towers Perrin in Stamford, Conn.