Two insurance trade groups in New York filed a formal appeal of the New York Supreme Court Appellate Division’s decision upholding the state insurance department’s new broker disclosure rule.

The New York Attorney General’s Office has withdrawn felony monopoly charges against two former Marsh & McLennan Cos. executives accused of accepting contingent commissions, according to their law firm.

Liberty Mutual Insurance Co. will pay $2 million to Connecticut to settle allegations that it paid brokers to rig insurance bids.

The Independent Insurance Agents & Brokers of New York (IIABNY) åis challenging an argument by a Risk and Insurance Management Society (RIMS) official about the role of contingent commissions.

After many years of bearish reviews, FBR insurance analyst Bijan Moazami has given  thumbs up to Marsh & McLennan and its relatively new CEO, Brian Duppereault, according to the Wall …  Read →

Choosing to help craft a new compensation disclosure rule in New York with regulators versus fighting it in a courtroom, a state agents’ group said it had a “highly productive” meeting on the matter recently.

Wells Fargo says it plans to appeal a Connecticut court ruling against its insurance brokerage, Acordia, regarding improper disclosure of contingent commissions.

The folks at Willis Group, parent company of Willis HRH, are hoping to promote the brokerage’s decision not to accept contingent commissions, using a new media campaign and website to argue that its competitors who do accept the payments are “conflict-prone.”

MetLife has agreed to a settlement with the federal government regarding allegations it paid millions of dollars in improper contingent commissions to a San Diego-based insurance brokerage.

While other brokerages recently reauthorized to accept contingent commissions in a multi-state agreement have rejected the payments, Marsh has announced that it will reject the practice in some instances, but permit it in others.