Assessing the fallout from a crackdown by authorities on broker dealings, a regulator said she saw a stop in "notorious" laxness, while an underwriter viewed it as slowing the business process.
Their conflicting opinions were aired earlier this week at a New York conference for some members of the Professional Liability Underwriting Society titled "The New Ethics of Insurance."
But regardless of description, more formal brokering procedures are slowing things down in 2005, the executive said.
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