Bloomberg News
"We urge other regulators to pick up the ball and run with it by implementing New York's reforms nationwide," said Benjamin Lawsky, the state's top financial services' regulator.

QBE Agrees to Lower Rates, Halt Force-Placed Commissions in New York

The settlement, which follows an earlier deal with market leader Assurant, will prevent the insurers from giving banks commissions, free services, and reinsurance deals in order to win their business.

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