Catastrophes–Whether the taxpayers live in Chicago, Illinois or Pierre, South Dakota-we are all going to be paying for many years for the rebuilding of the Gulf region and unfortunately given the lack of any comprehensive national approach to this problem, we all could be paying the bill for this year’s hurricanes, too.
Compensation–There is not a regulatory desire to eliminate contingent commissions. There is a regulatory desire to disclose the conflict of interest because it is in that scenario that the consumer can be hurt, when the conflict is resolved in the favor of the producer rather than the consumer. Disclosure is the appropriate way to deal with that conflict.
Optional Federal Charter– I can promise you that the interested parties that are proposing the Optional Federal Charter have much better access to their state regulators than they will ever have with a regulator in Washington.
Was this article valuable?
Here are more articles you may enjoy.
Lloyd’s of London Says Former CEO Neal Breached Compliance Rules 
Florida’s Share of Claims Lawsuits Now About Half of 2020 Numbers, Data Show 
Gallagher’s RPS Acquires W.N. Tuscano Agency, a Pennsylvania MGA 
Berry Producer Driscoll’s Sued Over Alleged Greenwashing, Use of Forever Chemicals From This Issue
