[That's all I had at the time and not much has been added.]
An update from a Master Agent: "On Sunday, October 9, 2011, TNCI filed for Chapter 11 Bankruptcy Protection. As we understand the situation, TNCI filed for Chapter 11 protection as a means of addressing some outstanding carrier issues. We've spoken to TNCI management and are encouraged that they will be able to work through the reorganization process quickly. In addition, we've been assured TNCI will continue to operate without interruption to customers and agents, and that all financial commitments to the channel will be met. A workgroup of Agent Alliance shareholders, including legal counsel, is in place and will be closely following the situation to ensure that the interests of our collective subagents and customers are protected."
That's great except you filed for bankruptcy owing unforgiving carriers $10 million. They can liquidate you. (They have done it before.)