Virginia-based Markel Corporation reported that several of its subsidiaries have received document requests or administrative subpoenas from state insurance departments related to producer compensation arrangements.
The bulletin said Markel’s management “believes these requests are part of broad surveys of industry practices and are not targeted at any particular actions of the Company’s subsidiaries. The Company will fully comply with the insurance department requests.”
Was this article valuable?
Here are more articles you may enjoy.
Why Are Property & Casualty Carriers So Profitable? 
US Cyber Insurance Market Sees Flat Premium, More Third-Party Claims Hit Loss Ratio 
North Carolina Becomes First State to Pass Outright Ban on Litigation Financing 
NAIC Says Data Taken in Hack Has Been Published Online 
