"Brokergate" Hearing Rescheduled
NU Online News Service, Dec. 30, 10:17 a.m. EST?A New York State Assemblyman's hearing on the broker compensation scandal has been rescheduled for Friday, Jan. 7.[@@]
The Assembly Insurance Committee plans to meet in New York City at the U.S. Custom House Auditorium at One Bowling Green. The meeting is scheduled to begin at 9:30 a.m.
Committee Chairman Alexander Grannis, D-Manhattan plans to hold the "Brokergate" hearing, which will include industry members and representatives from the agent, broker and insurer communities as well as Insurance Superintendent Gregory V. Serio.
The assemblyman's notice of the hearing stated that it was being held to investigate the oversight of insurance licensees and determine the need for enforcement and legislative remedies.
His purpose, Mr. Grannis' notice said, is to "restore integrity to insurance markets that have been shaken to their core by the widespread fraud and corrupt practices revealed in ongoing investigations by New York State Attorney General Eliot Spitzer."
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