Hartford settlement resolves bid-rig probe; Insurer joins peers in adopting new supplemental pay.(News)(Hartford Financial Services Group Inc. )

Business Insurance | July 30, 2007| | Copyright

Byline: RUPAL PAREKH

HARTFORD, Conn.-Hartford Financial Services Group Inc. last week became the latest insurer to settle bid-rigging allegations associated with contingent commissions-and the latest to embrace the new compensation system the industry has developed in response to criticism of the controversial commissions.

As part of the settlement, which also resolves "market-timing'' allegations, the Hartford, Conn.-based insurer will pay $115 million in fines and restitution and will sharply curb its use of contingent commissions, including paying no ...

Read all of this article with a FREE trial to HighBeam Research

Related newspaper, magazine, and trade journal articles from HighBeam Research

(Including press releases, facts, information, and biographies)

Sparta Systems, Inc. Announces Channel Sales Program for TrackWise Software.
PR Newswire ; HOLMDEL, N.J., Jan. 16 /PRNewswire/ -- Sparta Systems, Inc. (Sparta), the makers of TrackWise(R) software and the...systems, today announced the establishment of its Sparta Channel Program(TM) (SCP). Certified channel...
Sparta Systems, Inc. Expands Executive Management Team.
PR Newswire ; ...N.J., June 27 /PRNewswire/ -- Sparta Systems, Inc., the maker of TrackWise...combined industry management experience to Sparta, new members include Jim DeSocio, Chief...years of executive level experience to Sparta, is responsible for managing and growing...
Sparta, Ill., Chamber of Commerce Holds Elections, Makes Decisions.
Newspaper article from: Knight Ridder/Tribune Business News ; By Mike Springston, Sparta News-Plaindealer, Sparta, Ill. Knight Ridder/Tribune Business News Feb. 12--The Sparta Chamber of Commerce, meeting Feb. 4, voted to return to Busch Stadium for a Sparta Night baseball game in 2004, and...
Sparta Systems Awarded GSA Contract To Provide TrackWise Process Management Software To Government Agencies
Newspaper article from: U.S. Newswire ; ...5585, or asorrentino@5wpr.com, for Sparta Systems, Inc.; or Tracy Orlick of Sparta Systems, Inc., +1-732-203-0400 x119 HOLMDEL, N.J., Feb. 15 /PRNewswire/ -- Sparta Systems, Inc. (Sparta), the maker of TrackWise...
Sparta Systems Bolsters Executive Leadership Team with Strategic Additions.
PR Newswire ; ...N.J., March 3 /PRNewswire/ -- Sparta Systems, Inc., the leading provider...solutions. With these strategic additions, Sparta Systems now stands poised to continue...compliance solutions. Diane Carlson joins Sparta Systems from IntraLinks, a software...
Sparta Systems' TrackWise Software Enhances Quality Processes at The Blood Connection.
PR Newswire ; ...TrackWise, an enterprise software system developed by Sparta Systems, Inc. (Sparta), for highly-regulated life science industries...interpretation and analysis of different events. Therefore, Sparta's TrackWise will be a good, proactive use of...
Sparta Systems Launches Hong Kong Operations to Drive Enterprise Quality and Compliance in Asia-Pacific Region.
PR Newswire ; ...N.J., June 1 /PRNewswire/ -- Sparta Systems, Inc., the maker of TrackWise...APAC) region. To lead this initiative, Sparta Systems has appointed industry veteran...Asia-Pacific region. Prior to joining Sparta Systems, he served as the vice president...
Sparta, Ill., Chamber to Participate in Junior Achievement at High School.
Newspaper article from: Knight Ridder/Tribune Business News ; By Mike Springston, Sparta News-Plaindealer, Sparta, Ill. Knight Ridder/Tribune Business News Dec. 10--The Sparta Chamber of Commerce board of directors, meeting Dec. 3, added two more places to the annual Christmas Lighting Contest...
Sparta Systems Establishes the TrackWise User Group.
PR Newswire ; ...HOLMDEL, N.J., April 30 /PRNewswire/ -- Sparta Systems, Inc. (Sparta), the maker of TrackWise(R), and the market...maximize the bottom-line business benefits of Sparta's renowned enterprise quality management software...
Sparta Systems Continues Momentum with Channel Partner Expansion.
PR Newswire ; ...HOLMDEL, N.J., Feb. 26 /PRNewswire/ -- Sparta Systems, Inc. (Sparta), the maker of TrackWise(R), and the market...US Jade, CPS, Conperio Inc. and Infogain. Sparta's channel program is designed to enhance the ability...

Find more facts and information related to the article "Hartford settlement resolves bid-rig probe; ..."