New York Attorney General's Office

• Dismissal Of Bid-Rigging Allegations Reversed

  By Chad Hemenway, PropertyCasualty360.com  |  August 19, 2010

  A federal appeals court has vacated the decision by a district court three years ago to dismiss antitrust and racketeering complaints against numerous insurers and brokers allegedly involved in a bid-rigging scheme with Marsh & McLennan.

• AIG Cleared To Pursue Rivals In Workers' Comp RICO Lawsuit

  By Chad Hemenway, PropertyCasualty360.com  |  July 7, 2010

  American International Group Inc. (AIG) is now free to proceed with a lawsuit alleging other insurers conspired to underreport workers' compensation premiums, which the company said skewed the market.

• Judge Throws Out Conviction Of Marsh's Gilman & McNenney

  By Mark E. Ruquet, PropertyCasualty360.com  |  July 6, 2010

  New York Supreme Court Judge James A. Yates has thrown out the convictions of two former executives of Marsh after their 2008 conviction on felony monopoly charges for accepting contingent commission kickbacks.

• AIG Cleared To Pursue Rivals In Workers' Comp RICO Lawsuit

  By Chad Hemenway, PropertyCasualty360.com  |  July 6, 2010

  American International Group Inc. (AIG) is now free to proceed with a lawsuit alleging other insurers conspired to underreport workers' compensation premiums, which the company said skewed the market.

• N.Y. Producer Groups Sue To Derail Compensation Disclosure Regulation

  By Caroline McDonald, PropertyCasualty360.com  |  May 31, 2010

  The New York Insurance Department expressed "disappointment" at the decision by two producer groups to file suit last week to stop implementation of a compensation disclosure regulation.

• PIANY Reports 'Success' In Talks On N.Y. Fee Disclosure Rule

  By Daniel Hays  |  May 12, 2010

  While two agent groups have said they will sue over New York State's upcoming fee disclosure regulations another agent group reported great success in a meeting on rules issues with regulators.

• PIANY Puts Up Web Page To Update, Explain Disclosure Rule

  By Daniel Hays  |  May 5, 2010

  The Professional Insurance Agents of New York State Inc. said it has put up a Web page explaining the state's controversial producer disclosure regulation due to go into effect next year.

• Citigroup: Brokers Expected To Underperform S&P Index

  By Mark E. Ruquet, PropertyCasualty360.com  |  April 19, 2010

  Publicly traded insurance brokers are expected to underperform stocks on the S&P 500 Index coming out of the recession, and Aon is rated the best of the bunch, according to an analyst's note from Citigroup.

• Big Brokerages Strike Deal To Allow Contingency Fee Payments By Carriers

  By Mark E. Ruquet, PropertyCasualty360.com  |  February 22, 2010

  The door is open to once again allow the nation's three biggest insurance brokerages to accept contingent commissions after an agreement was reached by the trio with New York, Illinois and Connecticut officials.

• N.Y. Action On Broker Contingent Fees Called Double Hit For Buyers

  By Caroline McDonald, PropertyCasualty360.com  |  February 18, 2010

  New York State officials' action to let big insurance brokerages resume taking contingent commissions, and to ease a rule for reporting such fees is a big blow to insurance buyers, said a trade group representative.