Insurance industry lawyers at an industry conference dismissed recent brokerage investigations as minor scandals, but a regulator warned that probes with bigger repercussions are underway now.

The comments from Audrey Samers, deputy superintendent and general counsel for the New York State Insurance Department, came after a lawyer and an insurance company executive said that industry scandals involving employees entangled in bid-rigging schemes paled in comparison to other financial scandals, and another defense lawyer suggested that regulatory fines against brokers were simply “revenue-raising” actions.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?


Complex Claims & Litigation Forum 2023Event

Aimed to help Insurers prevent, prepare and prevail In adjudicating complex claims, negotiating settlements and winning cases.

Get More Information


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.