commission News

New Billing, Commission System at Texas Windstorm Pool Starts Jan. 1

The Texas Windstorm Insurance Association (TWIA) will be implementing a new billing and commission system beginning Jan. 1, 2012. In a bulletin to insurance agents, TWIA said under the new system it will assume the responsibility for paying agents’ commission. …

IIABNY, CIBGNY File Appeal of Producer Compensation Disclosure Regulation

The Independent Insurance Agents & Brokers of New York and the Council of Insurance Brokers of Greater New York have filed a formal appeal of a trial court ruling that upheld a controversial state regulation. Attorneys from the law firm …