The Independent Insurance Agents and Brokers of New York (IIABNY) said its negotiations with the New York State Insurance Department have resulted in some revisions to a proposed producer compensation disclosure rule.

February 2010 has a lot to offer both sports fans and special-event insurers, featuring the NFL's Super Bowl XLIV and the Winter Olympics, which started this past weekend in Vancouver, Canada.

Attendees to the mid-year conference of the National Association of Professional Surplus Lines Offices, Ltd. will see a change in the meeting's format, and will notice that their fellow attendees are higher up on the leadership ladder.

The Independent Insurance Agents and Brokers of New York said its negotiations with the New York State Insurance Department have resulted in some revisions to a proposed producer compensation disclosure rule.

Florida Gov. Charlie Crist announced he would veto legislation that would allow specified insurers to use rates for homeowners insurance not subject to approval from the Office of Insurance Regulation (OIR).

The National Conference of Insurance Legislators said its upcoming March meeting will keep its focus on fighting proposals in Washington for legislation to create a federal insurance unit.

Insurance industry representatives told a key legislator that higher penalties for auto accident fraud and greater use of claims arbitration is essential to stabilize New York's no-fault system.

The federal appeals court in Washington, D.C. has found that auto damage adjusters working for GEICO do not qualify for overtime benefits under the Fair Labor Standards Act of 1938.