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Spring 2014 PIA Membership Workshop
 Spring 2014 PIA Membership Workshop
Willis Will Take Contingents on Benefits Business
Willis Group Holdings P.L.C. said in a statement it will it will once again begin accepting traditional contingent commissions and bonus payments for its ...
Rest in Peace: Agents Move On From Contingent Commission Controversy
In a good sign for agents and brokers, the insurance press is writing the public policy obituary for the contingent commission controversy, which was ...
Court Rules Contingent Commissions Not Fiduciary Breach
Brokers that accept contingent commissions are not in breach of their fiduciary duties to their clients under Missouri law, the Missouri Supreme Court has ruled
PIA Comments on Actions By New York AG Spitzer
WASHINGTON, October 18, 2004 - The National Association of Professional Insurance Agents (PIA) today commented on investigations by New York Attorney General ...
New York Attorney General Sues Marsh & McLennan Companies
On October 14, New York Attorney General Eliot Spitzer sued Marsh & McLennan Companies, the nation's largest insurance broker, alleging that it steered clients ...
PCI's Csiszar Says Industry Unfairly Painted in Light of Alleged Illegal Practices
The Property and Casualty Insurers Association of America has issued a statement in response to the investigation by New York Attorney General Eliot Spitzer ...
Sen. Shelby Plans Hearing; Serio, Garamendi Say State Regulation is Working
Senate Banking Committee Chairman Richard Shelby (R-Alabama) says he plans hearings in November or next year on issues uncovered by New York Attorney General ...
NAIC Statement; Various States Announce Investigations
Diane Koken, president of the National Association of Insurance Commissioners (NAIC) and Pennsylvania Insurance Commissioner, commented on actions by the NAIC ...
Marsh CEO Resigns, Marsh Hearing Set by NY DOI
Jeffrey W. Greenberg has resigned as chief executive and chairman of embattled Marsh & McLennan Company. The resignation comes in the wake of the lawsuit...
CPCU Society Issues Ethics Policy Statement
Following the conclusion of the Society of Chartered Property and Casualty Underwriters (CPCU) Society's 60th Annual Meeting on October 26, the Board of ...
DC Regulator Likens Spitzer Probe to "Piracy"
Speaking last week, District of Columbia commissioner of insurance Lawrence H. "Larry" Mirel said authorities should take a more "rational," measured approach ...
NC Commissioner Long Issues Demand Letter in Wake of Spitzer
On Thursday of last week, North Carolina Insurance Commissioner Jim Long issued letters and surveys in an effort to closely scrutinize the records and ...
Senate Hearing Set on Broker Fees
A Senate Governmental Affairs subcommittee will hold a hearing on November 16 at which the issue of broker fees will be addressed, in the wake...
PIA National Lauds Koken, NAIC for Forming Task Force to Examine Commercial Broker Compensation
WASHINGTON, November 8, 2004 - The National Association of Professional Insurance Agents is lauding the National Association of Insurance Commissioners ...
PIA Meets with Georgia Insurance Commissioner Oxendine, Discusses Compensation Issues
WASHINGTON, November 10, 2004 - Len Brevik, executive vice president & CEO of the National Association of Professional Insurance Agents (PIA) and PIA...
PIA National Introduces Public Policy Guide on Compensation at Senate Governmental Affairs Committee Hearing
WASHINGTON, November 16, 2004 - The National Association of Professional Insurance Agents (PIA) has issued a public policy guide on broker disclosures and...
NAIC Releases Draft of Model on Broker Disclosures
The NAIC's newly formed Executive Task Force on Broker Activities has released draft model legislation (late Monday evening) that would impose new disclosure ...
PIA National Admonishes CFA's Hunter for Remarks During Senate Testimony
WASHINGTON, November 18, 2004 - The National Association of Professional Insurance Agents (PIA) today admonished the insurance director of the Consumer ...
Survey: Few Insurance Buyers Switch Brokers, Few Want End to Contingents
A new survey has found that more than half of commercial insurance buyers say they plan no change in brokers. The survey by Advisen Ltd....
PCI's Csiszar: Focus on the Fire, Not On All the Smoke
The president and chief executive officer of the Property Casualty Insurers Association of America (PCI) Ernie Csiszar, is advising policymakers to remember ...
PIA National to Testify on NAIC Model Act for Broker Disclosures
On December 4 in New Orleans, PIA will testify at the NAIC hearing on its draft model act. In advance of the hearing, PIA...
PIA National Comments at NCOIL Meeting on Broker Disclosure, Compensation Issues
On Friday, November 19, NCOIL's State-Federal Relations Committee convened to discuss many issues, one of which was broker disclosure. Committee Chairman James ...
Spitzer Probe Should Not Prompt Federal Oversight
[This article was originally printed in the November 29, 2004 Property & Casualty edition of the National Underwriter.] Broader issues of public policy are...
NY DOI Postpones Marsh Hearing
A public hearing on Marsh & McLennan Companies Inc. that was scheduled by the New York Department of insurance for Tuesday, Nov. 23, 2004 has...
Arkansas Issues "Reminder" on Compensation
The Arkansas Insurance Department announced it has begun a general investigation of the insurance practices of Arkansas insurance brokers and companies. The ...
PIA National to Testify at December 4 NAIC Hearing on Disclosure Model
PIA National is preparing testimony it will deliver at a public hearing on December 4 in New Orleans, held by the National Association of Insurance...
PIA National Files Comments on Latest Draft of NAIC Broker Disclosure Model
As a result of the December 4 hearing by the NAIC Broker Activities Executive Task Force, the task force has redrafted another version of the...
NAIC Continues Work on Fiduciary Responsibility of Insurance Producers Model Act
The NAIC Producer Licensing Working Group continues to develop the Fiduciary Responsibility of Insurance Producers model. At the NAIC's December 4-7 winter ...