Wednesday, August 02, 2006

 

St. Paul Settles with CT, IL, NY Attorneys General Over Broker Compensation

The St. Paul Travelers Companies Inc. has entered into a $77 million settlement with the attorneys general of New York, Connecticut and Illinois, as well as with the New York State Department of Insurance, resolving issues relating to those states' industry-wide investigations into producer compensation, insurance placement practices and finite reinsurance products.

St. Paul Settles with CT, IL, NY Attorneys General Over Broker Compensation
Source: Insurance Journal

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