Connecticut Attorney General Richard Blumenthal is considering whether to seek legislation banning insurers from paying contingent commissions to brokers and agents for commercial insurance–an initiative that has drawn fire nationwide from producer groups.
At this point Mr. Blumenthal says he is planning on talks with the industry, and further study is needed before making a final decision on how far-reaching to make such legislation. He added that personal lines would not be the major focus of any measure.
Connecticut passed legislation in 2005 requiring greater agent and broker disclosure concerning their compensation.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
