Declarations
Are the elves at work? “Just because it’s close to Christmas doesn’t mean the governor has to be Santa Claus. That’s not what the special session should be.” — Louisiana State Rep. Steve Scalise, R-Metairie, a member of the House …
Zurich agrees to terms to close multi-state bid-rigging probe
News Currents Ten states, led by Texas and its Attorney General Greg Abbott, have come to terms with Zurich American, closing their probe into the insurer’s involvement in alleged bid-rigging and unfair compensation practices in the commercial insurance market. The …
Spitzer Notifies Insurers Contingent Commissions No Longer an Option
New York Attorney General Eliot Spitzer has notified four leading insurance companies that, under agreements reached with his office earlier this year, they may no longer pay “contingent commissions” to agents and brokers who sell automobile, homeowners and certain other …
Big ‘I’ Refutes State Attorneys General on Zurich Settlement
The Independent Insurance Agents & Brokers of America, Inc. (Big “I”) has taken issue with critics of its opposition to a class action settlement on producer compensation, critics who claim the agents’ opposition brief is premature. The agents’ association argues …
House passes surplus lines, reinsurance regulatory reform legislation
The U.S. House of Representatives passed legislation on Sept. 27 that would apply single-state regulation and uniform standards to the nonadmitted insurance and reinsurance marketplace. H.R. 5637, The Non-Admitted and Reinsurance Reform Act of 2006, passed the House by a …
News Currents
House passes surplus lines, reinsurance regulatory reform legislation The U.S. House of Representatives passed legislation on Sept. 27 that would apply single-state regulation and uniform standards to the nonadmitted insurance and reinsurance marketplace. H.R. 5637, The Non-Admitted and Reinsurance Reform …
House Passes Surplus Lines Regulatory Reform Legislation
The U.S. House of Representatives passed legislation that would apply single-state regulation and uniform standards to the nonadmitted insurance and reinsurance marketplace. H.R. 5637, The Non-Admitted and Reinsurance Reform Act of 2006, was approved Wednesday evening by a vote of …
Big ‘I’ Agents Join Court Fight Against Zurich Compensation Pact
Agents’ opposition to portions of a proposed class settlement with Zurich Insurance has deepened with the filing by the Independent Insurance Agents & Brokers of America (Big “I”) of an amicus curiae brief in the U.S. District Court for the …
Trusted Choice to Run National TV Ads
Trusted Choice will run TV commercials commencing in September and running for the next 12 months. Trusted Choice says the ads will give participating agencies the opportunity to maximize their exposure by running local tie-in ad campaigns. “This new advertising …
Big ‘I’ Agents Name Georgia’s Kingston Top Legislator
The Independent Insurance Agents & Brokers of America (the Big “I”) has presented the Gerald Solomon-Legislator of the Year Award to U.S. Rep. Jack Kingston (R-Ga.) for his efforts in Congress on a number of important insurance issues. The award …
