Sam’s Blog: Since When Does The Minority Rule? 

The Independent Insurance Agents and Brokers of America told the Securities and Exchange Commission that creating a universal fiduciary standard for the sale of investment products would have “seismic repercussions” on agents and brokers

With an economic rebound nowhere in sight, commercial insurers will have to fight for every premium dollar—but not to the death, says NU Editor Sam Friedman in his blog at www.NUSamSoapBox.com.

A Professional Insurance Agents of New York (PIANY) representative said she believes state regulators will make some producer compensation guidance language changes after a meeting was held to discuss a draft circular letter on a planned compensation disclosure regulation.

A group of policyholders sued Ambac Financial Group to prevent the corporation from taking funds from Ambac Assurance Corp. while it is in runoff.

With an eye toward broad state consensus on financial services reform, the National Conference of Insurance Legislators (NCOIL) is inviting state leaders from across the country to a summit to discuss current regulatory issues.

Homeowners insurance looks to be a key issue in the race for Texas governor, with challenger Bill White announcing a plan to push a prior approval system.