NU Online News Service, March 22, 11:45 a.m. EDT

The Independent Insurance Agents & Brokers of New York and the Council of Insurance Brokers of Greater New York say they will not appeal the decision of a state appeals court that upholds state regulations governing disclosure of producer compensation.

“We did all that we could to fight this misguided regulation,” says IIABNY Chairman Christopher A. Brassard. “The board has concluded that the likelihood of the New York Court of Appeals overturning the decisions of the two lower courts is small.”

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