IFAwebnews » contingent commissions

Insurance trade groups file appeal of N.Y. broker disclosure ruling

Jaime L. Brockway — Tue, 06 Sep 2011 00:07:21 +0000

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.

Insurance trade groups file appeal of N.Y. broker disclosure ruling via IFAwebnews.

N.Y. drops felony charges against two former Marsh executives

Bob Graham — Tue, 18 Jan 2011 15:29:05 +0000

The New York Attorney General’s Office has withdrawn felony monopoly charges against two former Marsh & McLennan Cos.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.

N.Y. drops felony charges against two former Marsh executives via IFAwebnews.

Liberty Mutual pays Conn. $2 million over alleged kickbacks to brokers

Jaime L. Brockway — Wed, 05 Jan 2011 13:50:40 +0000

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

Liberty Mutual pays Conn. $2 million over alleged kickbacks to brokers via IFAwebnews.

IIABNY, Big I say RIMS’ contingent commission stance is wrong

Bob Graham — Mon, 20 Sep 2010 16:10:35 +0000

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.

IIABNY, Big I say RIMS’ contingent commission stance is wrong via IFAwebnews.

Marsh & McLennan’s Duppereault steers the firm toward good grades

Tony Ondrusek — Tue, 25 May 2010 10:46:53 +0000

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 →

Marsh & McLennan’s Duppereault steers the firm toward good grades via IFAwebnews.

PIANY has ‘highly productive’ meeting on compensation disclosure rule

Keith L. Martin — Mon, 17 May 2010 12:31:50 +0000

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.

PIANY has ‘highly productive’ meeting on compensation disclosure rule via IFAwebnews.

Wells Fargo to appeal contingent commission ruling in Connecticut

Keith L. Martin — Fri, 30 Apr 2010 12:52:48 +0000

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

Wells Fargo to appeal contingent commission ruling in Connecticut via IFAwebnews.

Willis hopes contingent commissions will define its competitors

Bob Graham — Wed, 28 Apr 2010 14:03:24 +0000

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.”

Willis hopes contingent commissions will define its competitors via IFAwebnews.

MetLife pays $13.5 million to settle contingent commission case

Keith L. Martin — Fri, 16 Apr 2010 16:06:53 +0000

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.

MetLife pays $13.5 million to settle contingent commission case via IFAwebnews.

Marsh to accept contingent commission as part of global business

Keith L. Martin — Thu, 25 Mar 2010 13:13:51 +0000

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.

Marsh to accept contingent commission as part of global business via IFAwebnews.