Agency Management

The chief executives of four major insurance brokerage firms roundly disputed criticism that contingent commissions are an inherent conflict of interest because total disclosure eliminates the issue.

The May 11 entry deadline is rapidly approaching for National Underwriter's fourth annual "Awards For Excellence In Workers' Compensation Risk Management," sponsored by the National Council on Compensation Insurance.

The Council of Insurance Brokers of Greater New York said it will join the legal effort to defeat New York's compensation disclosure rule for producers.

CFO Alex Sink has released a letter to Insurance Commissioner Kevin McCarty, noting recent actions by the OIR and seeking comments on upcoming activity regarding property insurers.

Willis launched a public awareness campaign at the nation's largest gathering of commercial insurance buyers, aiming to educate risk managers about conflicts of interest inherent in contingent commissions.

There's no clear answer as to whether fraud litigation brought against Goldman Sachs by the U.S. Securities and Exchange Commission will fuel a new wave of credit crisis lawsuits.