While the controversy over transparency for broker compensation appears to be settled, New York Insurance Superintendent Eric Dinallo still has questions about whether producers are free of conflicts of interest created by supplemental and contingent commissions–especially since not all firms gave up incentive bonuses in settlements with state attorneys general and insurance regulators.

Brokers who represent insureds should remain independent, Mr. Dinallo emphasized, and should not have hidden incentives to place business with certain carriers.

Mr. Dinallo said that to the best of his knowledge, the investigation of the insurance brokerage industry is over, but issues involving compliance with various settlements speaking to how participating brokers operate in terms of compensation, disclosure and placement of risk remain.