New York’s broker pay disclosure law not retroactive, court says
Insurance brokers don't have to disclose incentive arrangements with insurers that were entered into before New York state's disclosure regulation took effect Jan. 1, the New York Court of Appeals has ruled
Broker group to sue over insurance commission disclosure rule
The Independent Insurance Agents & Brokers of New York Inc. will proceed with legal action to try to stop a New York Insurance Department producer compensation regulation from taking effect, the DeWitt, N.Y.-based group announced Wednesday.
AIG bashes suit over swap deal dating back to 1990
American International Group Inc. asked a federal judge to dismiss a case brought against it by a Canadian real estate investment firm concerning a swap deal initiated in 1990.
TARP special master doubts AIG will repay all it owes
The special master for executive compensation under the Troubled Asset Relief Program told a congressional panel last Wednesday that he does not believe American International Group Inc. will repay all the money it has received from the federal government.
Y2KWISE, DOUGH IS BETTER THAN DOCS
The financial services industry received the highest possible assessment of five stars for Y2K readiness in a Senate…