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Conn. Agents Told to Brace for Bill to Ban Contingent Pay

East News • November 17, 2006
Connecticut Insurance Commissioner Susan Cogswell has warned independent agents in her state that they should expect to see legislation to restrict or wipe out their contingent commissions. She ...

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Subject: Contingency elmination

Posted On: November 17, 2006, 12:43 pm CST
Posted By: Ray
Comment:
This ia a bunch of crap. You get a couple of the really big players pulling illegal and unethical tricks and who is really going to suffer but the small agency who has been ethical. Those contigency fees, representing payment for stability of books and low loss ratios (equating to profitability for the carrier), are an important part of their income. With those contingencies gone, the insurance companies will realize greater profit and the big brokers (who caused all of this) will find other ways to bolster their income, like dropping a lot of their smaller business and imposing fees on those huge customers.

Once again the little guy gets it in the shorts and the big guys just keep on raking in the cash.
Subject Posted By Posted On
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Tony is a right wing nutball with no formal education Southern Agent (smart one)
Nov 18, 2006, 9:24 pm
RE: RE: RE: Demos Against Capitalism tony
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RE: RE: VFC Hawk
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VFC Hawk
Nov 17, 2006, 3:17 pm
RE: USA free market competition VFC
Nov 17, 2006, 3:02 pm
RE: RE: Demos Against Capitalism Southern Agent #1
Nov 17, 2006, 3:00 pm
RE: Demos Against Capitalism Southern Agent
Nov 17, 2006, 2:51 pm
USA free market competition Hawk
Nov 17, 2006, 2:39 pm
RE: Contingency elmination vfc
Nov 17, 2006, 2:33 pm
Demos Against Capitalism Southern Agent
Nov 17, 2006, 2:15 pm
RE: Contingency elmination MArk
Nov 17, 2006, 1:52 pm
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Nov 17, 2006, 1:43 pm
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Conn. Agents Told to.......... Agent
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