Council Of Insurance Agents & Brokers

AAA

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.

INVESTOPEDIA EXPLAINS '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.

RELATED TERMS
  1. Conditional Binding Receipt

    A receipt involved in life, health and certain property insurance ...
  2. American Council Of Life Insurance

    An association of American life insurance carriers based in Washington ...
  3. Canadian Council Of Insurance Regulators ...

    An association that was created to advocate for an effective ...
  4. Commercial Property/Casualty Market ...

    A survey of its members in the Council of Insurance Agents & ...
  5. Insurance

    A contract (policy) in which an individual or entity receives ...
  6. Casualty Insurance

    A broad category of coverage against loss of property, damage ...
Related Articles
  1. Understanding Your Insurance Contract
    Insurance

    Understanding Your Insurance Contract

  2. The History Of Insurance
    Home & Auto

    The History Of Insurance

  3. How An Insurance Company Determines ...
    Home & Auto

    How An Insurance Company Determines ...

  4. The History Of Insurance In America
    Home & Auto

    The History Of Insurance In America

Hot Definitions
  1. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  2. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  3. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  4. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  5. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  6. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
Trading Center