Regulation/Legislation

An agreement reached between the three major insurance brokerages and New York, Illinois and Connecticut officials opens the door for the firms to resume taking contingent commissions.

The New York Insurance Department has put out an advisory warning consumers that some scientists believe there is a greater earthquake risk for New York City than previously believed.

Alan Pearce has been arrested by Polk County deputies and charged with insurance-related theft.

The Louisiana Department of Insurance said acting on complaints it recovered $8.2 million for consumers last year in insurer payments for claims, with over $5 million coming from the Office of Property and Casualty.

The Florida Office of Insurance Regulation has issued cease and desist orders to three entities and their subsidiaries for the unauthorized sale of warranty products and service agreements.

A House committee has asked five insurance companies to provide it with information by next week regarding accident trends involving cars and trucks manufactured by Toyota.