Oregon promotes best practices with IMSA membership The Oregon Insurance Division is recognizing the Insurance Marketplace Standards Association as a group that can help to establish “best practices” and promote consumer protection in the state. In a recent bulletin, Insurance …
News Currents The attorneys general of Connecticut, Illinois and New York continued their campaign against undisclosed compensation and account steering by simultaneously bringing suit against one of the nation’s largest insurance brokers. The suits were bought against Acordia Inc. and …
American Team Managers, Anaheim, Calif., has promoted Eric P. Magee to president, overseeing all agency operations. Previously he was executive vice president.
The St. Paul Travelers insurance company has agreed to stop paying “contingent commissions” to brokers and agents, according to Connecticut Attorney General Richard Blumenthal. In August, St. Paul Travelers, which is based in St. Paul, Minn., settled a bid-rigging investigation …
Reno, Nev.-based Employers has enhanced its workers’ compensation insurance program for California’s independent pharmacies. According to the company, independent pharmacies engage in many unique patient services, such as delivery, durable medical equipment (DME), and compounding, that can make acquiring workers’ …
The Independent Insurance Agents & Brokers of America (the Big “I”) will again confront a number of legislative issues important to agents and brokers at both the state and federal levels in 2007, including progress on licensing, regulatory, tax and …
Lloyd’s has endorsed a new International Reinsurance Industry Dispute Resolution Protocol, which it notes “provides the insurance industry with an alternative to a court case or a lengthy arbitration if a disagreement should arise between reinsurer and client.” In a …
MetLife Inc., the largest group life insurer in the nation, will pay $19 million and change some of its business practices to end an investigation of payments made to brokers to steer clients its way, Attorney General Eliot Spitzer said …
The Oregon Insurance Division is recognizing the Insurance Marketplace Standards Association as a group that can help to establish “best practices” and promote consumer protection in the state. In a recent bulletin, Administrator Joel Ario noted the Division “wishes to …
Arthur J. Gallagher & Co. announced today that it has agreed to resolve all claims in the Federal Multi-District (MDL) class action pending in the New Jersey Federal District Court against commercial insurers and brokers relating to industry-wide contingent commission …
