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New York State regulators have approved an agent association's disclosure statement that insurance agents and brokers can use to inform their clients about their compensation arrangements with carriers.

The debate over disclosure of broker compensation has taken an ugly turn in New York, and the next battleground will be not just a court house, ...

The New York Insurance Department expressed "disappointment" at the decision by two producer groups to file suit last week to stop implementation of a compensation disclosure regulation.

A New York agents' association defended its lawsuit opposing a producer compensation regulation after a New York State Insurance Department representative questioned the group's motive in opposing disclosure and asked what the association has to hide.

The IIABNY and the CIBGNY jointly filed a legal action to prevent the New York Insurance Department from implementing a proposed producer compensation disclosure law.

The New York Insurance Department expressed "disappointment" over the decision by two producer groups to file suit to stop implementation of a compensation disclosure law, wondering what brokers might be "trying to hide."

The IIABNY and the CIBGNY today jointly filed a legal action to prevent the New York Insurance Department from implementing a proposed producer compensation disclosure law.

The Independent Insurance Agents & Brokers of New York has suggested additional language to the state Department of Insurance regarding disclosure regulation, as it gears up for a court challenge.