Posted On: November 17, 2006, 2:33 pm CST

Posted By: vfc

In states like Conn, Calif, Ill negotiations won't help. It has to be handled in the courts. This whole thing should have been settled by the courts. Then it would have come down to what we all already knew. Bid rigging bad continent not bad. But this industry runs like hell when you say "court". How long were countersignature fees paid in states like florida until it went to the state supreme court and were the fees were halted. Our industry leaders want to handle this on the golf course. But you have politicaly motiveted people driving this and only the courts can stop it. This type of legislation has nothin gto do with busines or ethics it's POLITICS. Go to court we can't loose. If they say stop so what the state is already saying it. If they say it's ok then we win. Laws do not operate in a vacumn they affect everything they touch. State supreme courts will have to really think on this one as a decission to ban will affect all busines not just insurance. How much you want to bet our industry does not fight this where it matters in the court. There are so many insurance regs that would be kicked at State supreme or fed level it's not funny. Yes fed it may be insurance but federal commercial codes apply as well.