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MoneyHandsThe debate over disclosure of broker compensation has taken an ugly turn in New York, and the next battleground will be not just a court house, but the court of public opinion.

Responding to a lawsuit challenging a New York disclosure regulation due to take effect Jan. 1, 2011, the state’s insurance department expressed its “disappointment” it had come to this, and wondered aloud what brokers might be “trying to hide” from their clients. (See http://www.property-casualty.com/News/2010/5/Pages/Producer-Groups-Sue-To-Stop-Compensation-Disclosure-Rule.aspx about the suit, and http://www.property-casualty.com/News/2010/5/Pages/Regulator-Disappointed-In-NY-Broker-Compensation-Lawsuit.aspx?k=NY+broker+compensation about the department’s reaction.)

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