CIAB Hopes NAIC Task Force Reins In State Actions
NU Online News Service, Nov. 4, 1:02 p.m. EST?The Council of Insurance Agents & Brokers said it hopes the creation of an insurance commissioners' task force in response to the insurance brokerage fees scandal will limit moves by the individual states.
In a letter to the president of the National Association of Insurance Commissioners, CIAB President Ken A. Crerar said his group is hopeful formation of the group would have a "calming effect" on states planning separate actions. Brokerage fee arrangements are currently being investigated in New York, California, Connecticut, New Jersey, Ohio and Florida.
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