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Contingent phaseout likely to court trouble.

Publication: Business Insurance
Publication Date: 04-DEC-06
Format: Online
Delivery: Immediate Online Access
Full Article Title: Contingent phaseout likely to court trouble.(Eliot Spitzer said ACE Ltd., American International Group Inc., St. Paul Travelers Cos. and Zurich Financial Services Group no longer pay contingent benefits)

Article Excerpt
NOW THAT ELIOT SPITZER has said four major multiline insurers can no longer pay contingent compensation to agents and brokers in six lines of business, including boiler and machinery, financial guarantee, homeowners and private-passenger auto liability, we wonder what the next phase in this saga will be.

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