Insurance News

Posts Tagged ‘broker

NEW YORK?The New York Insurance Department softened its stance on mandatory producer compensation disclosure Wednesday, proposing revised regulations that would require disclosure only when requested by clients.

Under the proposal, all agents and brokers would be required to disclose to clients, either in writing or orally, whether as insurance producers they represent the purchaser or the insurer for purposes of a sale. In addition, Read the rest of this entry »

Advertisements

CHICAGO, April 8 /PRNewswire-FirstCall/ — Aon Corporation (NYSE: AOC – News), the world’s leading risk advisor and insurance broker, has been named the world’s best insurance broker by the respondents of Euromoney magazine’s annual insurance survey.

In a clean sweep of the global categories for insurance brokers, Aon also was named “Best Broker for Efficiency” and “Best Broker for Favourable Contracts.”

“Aon is honored to once again Read the rest of this entry »

With the prospect of nearly $2 billion in professional liability claim payments looming from the litigation fallout of a Ponzi scheme orchestrated by Bernard Madoff, directors and officers insurers were eager to pinpoint potential sources of exposure during a recent industry gathering.

?It?s certainly going to have an impact on [insurers?] underwriting procedures,? said Stephen Mildenhall, head of Aon Benfield’s Actuarial and Enterprise Read the rest of this entry »