Latest Talent Headlines

All the headlines from our Talent Topic Page, ordered by recency.

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 BackstopInsurance companies played the largest role in compensating people and businesses hurt by the Sept. 11 attacks, paying slightly more than half...

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...

Execs Predict Shift in Insurance Brokerage Compensation in 2005

Dec 1 2004 // A new poll has found that property casualty executives expect changes in the insurance brokerage and regulatory models to have fundamental and long-lasting effects on the industry, including downward pressure on industry...

NCOIL Releases Broker Disclosure Model in Effort to Address to Compensation Issues

Dec 1 2004 // In an effort to address broker compensation issues that have arisen as a result of New York Attorney General Elliot Spitzer’s and other state investigations, the National Conference of Insurance Legislators (NCOIL)...

Ark. Issues ‘Reminder’ on Producer Compensation

Nov 29 2004 // The Arkansas Insurance Department announced it has begun a general investigation of the insurance practices of Arkansas insurance brokers and insurance companies. In light of the recent “bid-rigging”...

Smith Named Beecher Carlson Managing Director

Nov 23 2004 // Beecher Carlson Holdings Inc. of Atlanta has announced the appointment of Robert “Robbie” C. Smith as a managing director. Smith will focus on acquisition opportunities and talent recuritment. Smith spent the...

Study: Half of Compensation to 9/11 Victims Came from Insurance

Nov 22 2004 // Insurance companies played the largest role in compensating people and businesses hurt by the Sept. 11 attacks, paying slightly more than half of the $38.1 billion in benefits, according to a recent study.The results raise...

Insurance and Financial Recruiting Firm Launched

Nov 17 2004 // BeOptiMystic.Biz, a recruiting and executive search firm, announced it is open for business with offices in Dallas, Texas, and New York, N.Y.The executive, producer and customer service recruiting and placement firm opened...

RLI Subpoenaed on Compensation by Ill. DOI

Nov 16 2004 // Peoria, Ill.-based specialty insurer RLI Corp. said it has received a subpoena from the Illinois Division of Insurance in connection with industry-wide investigations into producer compensation agreements. Company...

At Senate Hearings into Broker Pay, NAIC Claims States Get Job Done without Headlines

Nov 16 2004 // New York Superintendent of Insurance Greg Serio, speaking on behalf of the nation’s state insurance commissioners, will tell a Senate subcommittee today that state regulators play a critical role in guaranteeing a...