Five years after investors filed suit over loses they say were linked to the company failure to disclose illegal practices, Marsh & McLennan Co. has reached a settlement.

The possible end of bans on contingent commissions and New York’s proposal of new rules on broker compensation could lead to national and state regulatory changes affecting insurance sales.

New York’s recent steps to regulate contingent commissions could be a step toward relaxing a ban on the practice established four years ago, according to a report in the Wall Street Journal.

A New Jersey state commission has approved an increase in health insurance premiums for the state’s school districts of 25% and for local governments of 16%.

The State Health Benefits Commission …  Read →

A little over five months after issuing a proposed regulation requiring agents and brokers to disclose any and all commission on insurance policies they write, the New York State Insurance …  Read →

Tracy L. Rich joined The Guardian Life Insurance Company of America in New York, N.Y., as executive vice president, general counsel and corporate secretary.

Tracy L. Rich

Rich has more than …  Read →

Aon Corp. is hoping to build its business by developing more relationships with minority-owned risk management and consulting companies, the company announced.

Aon Cornerstone Innovative Solutions is an entrepreneurial growth strategy …  Read →

More than half of employers are expecting to take a financial hit with the implementation of a new federal COBRA subsidy.

Almost 60% of more than 300 employers surveyed during Aon …  Read →