State lawmakers have been feisty this month. On Friday, I blogged about how one leading legislator challenged the National Association of Insurance Commissioners on whether its accreditation program usurped state authority. Today I spotlight a brewing controversy over whether state attorneys general went too far in negotiating settlements with insurance carriers over the payment of contingency fees to brokers that reverberated beyond their own borders.
(To access the full NU story by our own Steve Tuckey on this development, click here.)
Although the National Conference of Insurance Legislators postponed a vote on a resolution challenging the AGs, they raised a very interesting question just by debating the issue: Do state attorneys general have the right to restrict behavior nationwide with settlements they strike on behalf of their own jurisdictions?
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