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Connecticut Supreme Court Allows Damage Suit Against Marsh to Proceed
(4/15/2008)
Connecticut’s Attorney General Richard Blumenthal can attempt to recover damages from Marsh & McLennan Inc. for harming the economy of the entire state, the state's Supreme Court ruled last week... Full Story
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AIG Pays $12.5 Million to Settle with States Over Bid-Rigging Allegations
(2/6/2008)
American International Group, Inc. (AIG) has confirmed that it has reached settlements with nine states and the District of Columbia relating to their investigations into alleged bid-rigging and price-fixing and questions about undisclosed contingent commissions paid to brokers... Full Story
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Action on Resolution Opposing Abuse of Settlements Postponed
(12/4/2007)
On November 16, the State-Federal Relations Committee of the National Conference of Insurance Legislators (NCOIL) was scheduled to consider a proposed Resolution Concerning the Recent Use of Legal Settlements as Public Policymaking Instruments in the Insurance Arena... Full Story
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Remaining Resolute in the Face of An Onslaught
(12/4/2007)
It just didn’t smell right. The New York Attorney General was accusing the world’s largest mega-brokers and insurance companies of bid-rigging, fraud and conflicts of interest; and the cause of these misdeeds was supposedly earning contingencies and failing to disclose commissions? The notion bordered on the bizarre.... Full Story
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Wall Street Journal Says State Attorneys General Need Code of Conduct
(11/14/2007)
An editorial in the November 13 edition of the Wall Street Journal says that new standards are needed to control some of the activities of state attorneys general... Full Story
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PIA-backed NCOIL Resolution on Settlement Abuse to be Considered This Week
(11/14/2007)
On November 16, the State-Federal Relations Committee of the National Conference of Insurance Legislators (NCOIL) will consider a proposed Resolution Concerning the Recent Use of Legal Settlements as Public Policymaking Instruments in the Insurance Area... Full Story
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PIA Supports NCOIL Resolution Opposing Use of Settlements to Make Public Policy
(11/6/2007)
On November 16, the State-Federal Relations Committee of the National Conference of Legislators (NCOIL) will consider a proposed Resolution Concerning the Recent Use of Legal Settlements as Public Policymaking Instruments in the Insurance Arena... Full Story
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Court Decisions on Contingent Commissions a Major Win for PIA Agents
(10/10/2007)
Last week PIA reported on a series of decisions that, when taken together, reaffirm the legal arguments made by PIA in our court filings over the past two years... Full Story
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