Latest Talent Headlines
All the headlines from our Talent Topic Page, ordered by recency.
N.J. Orders 18 Insurers to Supply Compensation Plans
Jan 4 2005 // New Jersey Banking and Insurance Commissioner Holly C. Bakke has ordered 18 insurance companies domiciled in the state to submit information and documents outlining compensation and fee arrangements with their...
Agents, Insurers Seek Targeted Compensation Disclosure Rules
Jan 3 2005 // The model compensation disclosure measure under consideration by the nation’s state regulators has been met with generally guarded support from agents, brokers and insurers. The Indep-endent Insurance Agents &...
Agents, Insurers Seek Targeted Compensation Disclosure Rules
Jan 3 2005 // The model compensation disclosure measure under consideration by the nation’s state regulators has been met with generally guarded support from agents, brokers and insurers. The Independent Insurance Agents &...
N.Y. Legislative Insurance Panel to Hear Brokerage Compensation Issues Jan. 7
Dec 31 2004 // A New York Assembly Committee hearing into insurance brokerage practices, originally scheduled for Dec. 6, has been rescheduled for Friday, Jan 7. The hearing will be held in the auditorium of the U.S. Customs House, 1...
Governor Proposes New Worker’s Compensation Rules
Dec 30 2004 // The Schwarzenegger administration has released a sweeping set of regulations aimed at revising how doctors evaluate permanent injuries to workers and how much compensation they are paid. The new regulations, unveiled last...
Proposed Calif. Producer Compensation Regulation Confusing, Unnecessary Says ACIC
Dec 22 2004 // The Association of California Insurance Companies (ACIC) strongly criticized a proposed California Department of Insurance regulation on insurance agent and broker practices because the measure is overly broad, poorly...
Siech Named Beecher Carlson Exec. Managing Director
Dec 21 2004 // Beecher Carlson Holdings Inc. has hired Joe Siech as executive managing director in its Atlanta office. Siech’s primary responsibility will be large account production and continued development of the Global Property...
PCI SEEKS CHANGES TO PROPOSED RULE ON PRODUCER COMPENSATION IN OREGON:
Dec 20 2004 // The Property Casualty Insurers Association of America (PCI) has voiced its general support of the Oregon Insurance Division’s effort to establish an objective way to determine when an insurance broker must make...
Agents, Insurers Seek Targeted Compensation Disclosure Rules
Dec 20 2004 // The model compensation disclosure measure under consideration by the nation’s state regulators has been met with generally guarded support from agents, brokers and insurers. The Independent Insurance Agents &...
Andrew Welsh-HugginsAgents, Insurers Seek Targeted Compensation Disclosure Rules
Dec 20 2004 // The model compensation disclosure measure under consideration by the nation’s state regulators has been met with generally guarded support from agents, brokers and insurers. The Independent Insurance Agents &...
Board Says Former La. Insurance Dept. Employees Took Jobs That Violated Ethics Law
Dec 17 2004 // Two former Louisiana insurance department employees violated an ethics law that requires public servants to wait two years before entering into a financial relationship with their previous employers, according to a...
Insurers Say Compensation Disclosure Amendments to Producer Licensing Model Act Still Lacking
Dec 17 2004 // The National Association of Insurance Commissioners (NAIC) distributed a revised version of its draft Producer Compensation Disclosure Amendments to the Producer Licensing Model Act on Thursday and insurers claim the model...
PCI Seeks Changes to Proposed Rule on Producer Compensation in Oregon
Dec 9 2004 // The Property Casualty Insurers Association of America (PCI) has voiced its general support of the Oregon Insurance Division’s effort to establish an objective way to determine when an insurance broker must make...
Big ‘I’ Backs NAIC Compensation Disclosure Amendment
Dec 9 2004 // The Independent Insurance Agents & Brokers of America announced that it supports the stated goals and objectives of the National Association of Insurance Commissioners’ (NAIC) compensation disclosure amendment,...
SPITZER TAKES COMPENSATION PROBE TO WASHINGTON
Dec 6 2004 // Senate Panel Wants In, Agents Want Out of Brokerage Scandal At recent Senate hearings in Washington called to follow-up on allegations of bid rigging and hidden compensation by Marsh and other large insurance brokers,...
Study: Half of Compensation to 9/11 Victims Came from Insurance
Dec 6 2004 // Rand Analysis Seen Boosting Argument for Extension of Federal Terrorism Backstop Insurance companies played the largest role in compensating people and businesses hurt by the Sept. 11 attacks, paying slightly more than...
W. VA. WORKERS’ COMPENSATION AUDIT REPORTS POSITIVE TRENDS:
Dec 6 2004 // An independent audit report for fiscal 2004 shows continued positive financial trends for the West Virginia Workers’ Compensation Commission, according to Gregory Burton, executive director. The report cites a...
Fla. Workers’ Compensation Rules Repealed; Little Effect Expected on Insurance Industry
Dec 3 2004 // The Florida Supreme Court yesterday decided that it lacked jurisdiction and repealed recent changes in Florida’s Workers’ Compensation Rules, but according to knowledgeable industry experts, the action should...
PCI to Host Producer Compensation Seminar in Chicago
Dec 3 2004 // The Property Casualty Insurers Association of America will host a seminar aimed at helping member company executives better understand the legal and regulatory issues related to producer compensation raised by the...
FERMA Survey Finds Risk Managers Question Broker Compensation; More Transparency Needed
Dec 1 2004 // According to a recent e-mail survey, conducted by the Federation of European Risk Management Associations (FERMA), risk managers and their associations have long questioned how brokers are compensated. FERMA queried the...
