Virginia-based Markel Corporation reported that several of its subsidiaries have received document requests or administrative subpoenas from state insurance departments related to producer compensation arrangements.
The bulletin said Markel’s management “believes these requests are part of broad surveys of industry practices and are not targeted at any particular actions of the Company’s subsidiaries. The Company will fully comply with the insurance department requests.”
Was this article valuable?
Here are more articles you may enjoy.
At-Bay to Be Acquired by Munich Re for $575 Million 
Londoners Find ‘Horrendous’ Cracks in Their Homes After Successive Heat Waves 
A Landmark Supreme Court Ruling Is Upending How America Moves Its Goods 
Lawsuit Alleges TWIA Fraudulently Reduced Claim Estimates From Hurricane Beryl 
