Our compensation system is under attack, independent agents put about $2 billion in their pockets due to profit sharing and it is under attack, there is no doubt about it,” Bill Stiglitz, Independent Insurance Agents and Brokers of America president-elect …
Brokers should disclose contingent commissions and other incentive agreements to consumers, industry experts said at the Western States Surplus Lines Conference held July 24-26 in San Diego. Participants in the “Ethics and Professionalism/ Current National News” panel disagreed, however, on …
Our compensation system is under attack, independent agents put about $2 billion in their pockets due to profit sharing and it is under attack, there is no doubt about it,” Bill Stiglitz, Independent Insurance Agents and Brokers of America president-elect …
Brokers should disclose contingent commissions and other incentive agreements to consumers, industry experts said at the Western States Surplus Lines Conference held July 24-26 in San Diego. Participants in the “Ethics and Professionalism/ Current National News” panel disagreed, however, on …
With the outlooks on Aon Corp. and Willis Group Holdings Ltd. — two of the world’s largest insurance brokers — having recently been revised to stable from negative, the industry is beginning to recover from the cloud it has been …
Shareholders in the American International Group Inc. last week approved the insurance company’s slate of 15 board members and renewed the auditing contract of PricewaterhouseCoopers LLP, despite opposition from some major institutional investors. The voting at AIG’s annual meeting – …
New York State Attorney General Eliot Spitzer secured five pleas within the past week in his continuing investigation of bid-rigging in the insurance industry. Last Friday, Jason Monteforte, who was a broker for Marsh & McLennan Cos. Inc., pleaded guilty …
Alabama Insurance Commissioner Walter A. Bell described his state’s insurance market as “impressive” and as a “healthy market, trending upward,” during the Alabama Independent Insurance Agent’s annual conference and exhibit in Destin, Fla. “That is pretty impressive, we rank 27th …
Alabama Insurance Commissioner Walter A. Bell described his state’s insurance market as “impressive” and as a “healthy market, trending upward,” during the Alabama Independent Insurance Agent’s annual conference and exhibit in Destin, Fla. “We have a lot of things going …
Former employees of Marsh & Mclennan, Inc, and Zurich Financial Services have pleaded guilty to bid rigging in insurance charges brought by New York Attorney General Eliot Spitzer. According to the Washington Post, Regina Hatton and Nicole Michaels, both formerly …
