Agency Management

New York's newly proposed producer compensation disclosure regulations are unacceptable, and without changes legal action is a possibility, a leading agent association executive warned last week.

Producers' acceptance of contingent commissions from insurers is "a clear conflict," but the controversial practice is unlikely to be banned unless more clients object to it.

A compromise bill calling for nonprofit cooperatives rather than a government plan as an alternative health insurance source was unveiled in the U.S. Senate last week.

The Direct Marketing Association's Insurance and Financial Services Council announced two awards for a Marsh brokerage subsidiary.

Marsh Inc. has acquired the largest independent manager of captive and third-party insurance companies in Bermuda, International Advisory Services Ltd.

Marsh & McLennan Companies Inc. said it will pay a quarterly dividend of 20 cents per share on outstanding common stock, payable on Nov. 16 to shareholders of record as of Oct. 9.