Mass. Launches Inquiry Into Insurance Execs' Pay

Law360, New York (June 22, 2012, 10:10 PM EDT) -- The Massachusetts Division of Insurance is scrutinizing executive pay at about 100 insurance companies based in the state, an unprecedented review aimed at making sure insurers are following proper compensation procedures, the state's insurance commissioner told Law360 on Friday.

The DOI has sent out letters to insurance companies requesting minutes from all high-level meetings in 2010 and 2011 where compensation was discussed, along with a list detailing compensation provided to every company officer, every member of the board of directors or board and trustees, and all...
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