Testimony to Senate Panel on Insurance Brokers
November 16 witness testimony in the "Oversight Hearing on Insurance Brokerage Practices, Including Potential Conflicts of Interest and the Adequacy of the Current Regulatory Framework" before the Senate Committee on Governmental Affairs is available online and includes:
Member Statements by:
Senator Peter G. Fitzgerald and
Senator Daniel K. Akaka.
Witness Statements by:
Eliot L. Spitzer, Attorney General , Office of the New York State Attorney General
The Honorable Richard Blumenthal , Attorney General, State of Connecticut
The Honorable Gregory V. Serio, Superintendent of Insurance, State of New York , Representing the National Association of Insurance Commissioners
The Honorable John Garamendi , Insurance Commissioner, State of California
Albert R. Counselman, President and CEO, Riggs, Counselman, Michaels & Downes, Inc. , Representing the Council of Insurance Agents and Brokers
Alex Soto, President, InSource, Inc. , Representing the Independent Insurance Agents and Brokers of America
Ernie Csiszar, President and CEO, Property Casualty Insurers Association of America
Janice Ochenkowski, Vice President for External Affairs, Risk and Insurance Management Society
J. Robert Hunter, Director of Insurance, Consumer Federation of America
The hearing focused on on insurance brokerage practices, such as contingent commissions, that raise conflict of interest questions, and whether these practices harm consumers or suggest changes to the existing regulatory framework.
The Committee website on this hearing includes an archive of the webcast in Real Player format.
DougSimpson.com/blog
Posted by dougsimpson at November 17, 2004 07:16 PM
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