Council Of Insurance Agents & Brokers


DEFINITION of 'Council Of Insurance Agents & Brokers'

A global organization representing the leading commercial insurance agencies and brokerage firms. Membership in this organization, which is also known as "the Council", comes with industry intelligence and continuing education opportunities. The Council of Insurance Agents and Brokers also produces a quarterly Commercial Insurance Market Index that tracks pricing trends, underwriting practices and availability of commercial property/casualty lines.

BREAKING DOWN 'Council Of Insurance Agents & Brokers'

The organization, founded in 1913 and headquartered in Washington, DC, also serves as an advocacy group to represent the interests of insurance companies before U.S. state and federal governments, as well as international governments. Its political action committee works to support candidates who agree with its views and also lobbies Congress on relevant issues.

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  1. Does renters insurance cover personal injuries?

    Renters insurance provides two main forms of coverage – liability and contents insurance – and they are offered together ... Read Full Answer >>
  2. Does renters insurance cover jewelry?

    Renters insurance provides personal property coverage that covers your personal property – including jewelry – in case of ... Read Full Answer >>
  3. Why might landlords require renters insurance?

    Landlords can require renters insurance to lower their own liability and insurance costs. According to data from the Insurance ... Read Full Answer >>
  4. What is the expense ratio in the insurance industry?

    The expense ratio in the insurance industry is a measure of profitability calculated by dividing the expenses associated ... Read Full Answer >>
  5. What is the difference between a peril and a hazard?

    The two related terms "peril" and "hazard" are often used in reference to the insurance industry. Essentially, a peril is ... Read Full Answer >>
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    In the United States, and most developed nations, regulators impose required statutory capital reserve ratios on insurance ... Read Full Answer >>

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