The Independent Insurance Agents and Brokers of America (The Big I) on Wednesday released a video statement from Chairman John Costello related to the organization’s move to relinquishing retiring chief executive Bob Rusbuldt of his duties immediately after a conference in April.
“While a difficult decision, it was necessary,” said Costello, whose 2-minute video statement largely echoed one previously released by Big I on June 29.
Related: Talk With Fox’s Jesse Watters Leads to Big I CEO Rusbuldt’s ‘Disappointing’ Early Exit
In April, Rusbuldt interviewed Fox News host Jesse Watters on stage at the Big I Legislative Conference in Washington. According to a CNN report published a day before Big I’s statement, Watters during the interview with Rusbuldt “made a crude comment questioning the gender of Vice President Kamala Harris.”
The organization has not made clear the details of any controversial statements by Rusbuldt but Costello again said the Big I does “not in any way condone or agree with any of Mr. Rusbuldt’s statements, but we must take full responsibility for them.”
“As your chairman, I will make sure nothing like this ever happens again,” Costello said.
Topics Agencies Independent Agencies
Was this article valuable?
Here are more articles you may enjoy.
How ‘Super Roofs’ Reward Insurers, Cat Bond Investors and Homeowners
US E&S Outlook No Longer Positive: AM Best
The World’s Plastic Glut Is Set to Get Much Worse by 2040, Study Finds
Product Liability Verdicts Are on the Rise but There Are Ways to Avoid Them 

