NU Online News Service, Dec. 9, 3:55 p.m. EST
Four consumer groups blasted the Independent Insurance Agents & Brokers of New York for their threat to sue the New York State Insurance Department over proposed compensation disclosure regulations.
The Center for Economic Justice, Consumer Federation of America (CFA), New York Public Interest Research Group and Consumers Union released a statement admonishing the trade group for threatening to take legal action when the department is trying to make a good faith effort to make compensation arrangements transparent.
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