As New York works to finalize its own broker compensation disclosure rules, at least three mid-Atlantic states are also investigating the matter.

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.

Eric Dinallo, who resigned last month after two years as New York’s insurance superintendent, announced his intent to become the state’s next attorney general in 2010.

Eric Dinallo

Under Dinallo, New …  Read →

Former American International Group CEO Maurice “Hank” Greenberg and three other former executives with the insurer have reached a $115 million settlement with Ohio’s attorney general over allegations of anti-competitive …  Read →

By the end of the year, the District of Columbia could be among the growing list of jurisdictions unveiling new rules for agent commission disclosure.

Thomas E. Hampton

Thomas E. Hampton, …  Read →

While a number of his colleagues are exploring greater rules to force those who sell insurance to disclose their commissions, Virginia Insurance Commissioner Alfred W. Gross thinks regulations already in …  Read →

While his mid-Atlantic neighbors ponder regulations to force agents and brokers to disclose their commissions, Pennsylvania Insurance Commissioner Joel Ario says no such discussion is coming to his state.

Since the …  Read →

Just exactly who says independent insurance agents are not getting their fair share?

A representative of the IIABA (Independent Insurance Agents & Brokers of America), that’s who!

Wesley Bissett claims that insurance companies …  Read →