A group of 28 risk managers and senior executives from major brokers, insurers, trade associations and regulatory authorities held an invitation-only, closed-door meeting last month in New York to discuss the controversial issue of insurance contract placements.
The meeting–convened by the Risk and Insurance Management Society as an “open forum”–did not allow press attendance.
Commercial insurance placement has been a touchy topic since New York Attorney General Eliot Spitzer presented evidence that major brokers and insurers had conspired to steer commercial customers to select carriers and rig bids on policies.
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