Eliot Spitzer News

As Spitzer effects fade, merger activity seen gaining momentum

Last year wasn’t the busiest year for mergers and acquisitions in the insurance agency and brokerage field but as concerns over various probes of the insurance industry fade, activity is picking up. Kevin Donoghue, of Mystic Capital Advisors Group, which …

Liberty Mutual to fight N.Y., Conn. charges over contingent pay for agents

The words in support of contingent commissions for independent agents are getting stronger and being turned into action. Gary R. Gregg, president and chief executive officer, Liberty Mutual Agency Markets, recently expressed the frustration many in the independent agency system …

Post Spitzer, merger activity picking up, says Mystic Capital

Last year wasn’t the busiest year for mergers and acquisitions in the insurance agency and brokerage field, but as concerns over various probes of the insurance industry fade, activity is picking up. Kevin Donoghue, of Mystic Capital Advisors Group, who …

LIBERTY MUTUAL OPTS TO FIGHT

Unlike American International Group, Zurich, ACE and other insurers that have settled similar charges, Liberty Mutual Insurance Group decided to fight allegations of anti-competitive practices that have been brought against it by the attorneys general of New York and Connecticut. …

Post Spitzer, merger activity picking up, says Mystic Capital

Last year wasn’t the busiest year for mergers and acquisitions in the insurance agency and brokerage field, but as concerns over various probes of the insurance industry fade, activity is picking up. Kevin Donoghue, of Mystic Capital Advisors Group, who …

The Hartford settles with N.Y., Conn. over annuity compensation

The Hartford Financial Services Group, Inc. has settled with both the Connecticut and New York attorneys general regarding The Hartford’s use of expense reimbursement agreements in its terminal/maturity funding group annuity line of business. Under the terms of the settlement, …

POST SPITZER, MERGER ACTIVITY PICKING UP, SAYS MYSTIC CAPITAL

Last year wasn’t the busiest year for mergers and acquisitions in the insurance agency and brokerage field, but as concerns over various probes of the insurance industry fade, activity is picking up. Kevin Donoghue, of Mystic Capital Advisors Group, who …

Post Spitzer, merger activity picking up, says Mystic Capital

News Currents Last year wasn’t the busiest year for mergers and acquisitions in the insurance agency and brokerage field, but as concerns over various probes of the insurance industry fade, activity is picking up. Kevin Donoghue, of Mystic Capital Advisors …

Principal Financial Receives 2nd Subpoena from Spitzer

Principal Financial Group Inc. said earlier this week that it has received a second subpoena from New York Attorney General Eliot Spitzer, who is conducting an industrywide probe of insurance companies. The second request came Friday, “seeking information associated with …

The Hartford Settles with N.Y., Conn. Over Annuity Compensation

The Hartford Financial Services Group, Inc. has settled with both the Connecticut and New York attorneys general regarding The Hartford’s use of expense reimbursement agreements in its terminal/maturity funding group annuity line of business. Under the terms of the settlement, …