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Insurance Eec Points To Need For Strong Ethical Standards

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The head of an industry standards group says insurance companies need to impose strict ethical standards to hold on to consumer confidence.[@@]

“Companies can’t fake it when it comes to ethical business practices,” said Brian Atchinson, executive director of the Insurance Marketplace Standards Association in a talk at the Executive Summit for the Center for Business Intelligence in New York.

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“Maintaining high standards of ethical behavior, integrity and transparency through well-defined rules and procedures helps a corporation earn an excellent reputation among consumers who will have greater confidence in the products they purchase,” he said.