NU Online News Service, May 28, 11:55 a.m. EDT
A New York agents' association defended its lawsuit opposing a producer compensation regulation after a New York State Insurance Department representative questioned the group's motive in opposing disclosure and asked what the association has to hide.
Tim Dodge, director of public relations for the Independent Insurance Agents and Brokers of New York (IIABNY), said, "[Matthew Gaul, deputy superintendent for the department], wonders what we 'have to hide.' I think the Insurance Department knows that we don't have anything to hide, and we've been very clear for years now that agents and brokers should be prepared to voluntarily disclose the nature of 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.
