East News
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Pa. Court Upholds Rights of Terminated Insurance Agents
East News • January 29, 2008
A new decision by a Pennsylvania court could have far-ranging implications on what happens to an insurance agency's book of business if a carrier terminates its contract.
The decision, rendered ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: RE: Governance Model | JLT | Feb 11, 2008, 11:13 am |
| RE: Governance Model | downstate NY agent | Feb 11, 2008, 9:48 am |
| Governance Model | Shrinivas Shikhare | Feb 11, 2008, 4:52 am |
| RE: RE: About time | Company Gal | Feb 5, 2008, 2:55 pm |
| RE: RE: RE: RE: RE: RE: RE: RE: RE: About time | JLT | Feb 5, 2008, 1:47 pm |
| RE: RE: RE: RE: RE: RE: RE: RE: About time | Company Gal | Feb 5, 2008, 1:33 pm |
| RE: RE: RE: RE: RE: RE: RE: About time | downstate NY guy | Feb 5, 2008, 11:51 am |
| RE: RE: RE: RE: RE: RE: About time | JLT | Feb 5, 2008, 10:50 am |
| RE: RE: RE: RE: RE: About time | steve | Feb 5, 2008, 10:38 am |
| RE: RE: RE: RE: RE: About time | downstate NY guy | Feb 5, 2008, 10:23 am |
| RE: RE: RE: RE: About time | Nobody Important | Feb 5, 2008, 9:58 am |
| RE: RE: RE: About time | Company Gal | Feb 4, 2008, 4:10 pm |
| terminations due to losses | downstate NY guy again | Feb 4, 2008, 3:15 pm |
| Due to some freakish claims | We got canned too | Feb 4, 2008, 12:40 pm |
| RE: RE: RE: About time | JLT | Feb 4, 2008, 12:04 pm |
| Hartford take note | Jack | Feb 4, 2008, 10:42 am |
| RE: RE: About time | Ernesto | Feb 4, 2008, 10:28 am |
| RE: RE: RE: Court Ruling | downstate NY guy again | Feb 4, 2008, 10:18 am |
| RE: Sorry situation | Jon L | Feb 4, 2008, 9:46 am |
| Sorry situation | Steve | Feb 1, 2008, 10:01 am |
| RE: RE: Court Ruling | downstate NY agent | Jan 30, 2008, 12:38 pm |
| RE: Court Ruling | Stat Guy | Jan 30, 2008, 11:51 am |
| RE: RE: About time | JLT | Jan 30, 2008, 10:37 am |
| RE: About time | N Judge | Jan 30, 2008, 8:22 am |
| RE: About time | SWFL Mark | Jan 30, 2008, 7:46 am |
| About time | JLT | Jan 29, 2008, 4:57 pm |
| Court Ruling | Presley Shofner | Jan 29, 2008, 4:02 pm |
| RE: what did the non renewal notice show | DWT | Jan 29, 2008, 2:25 pm |
| what did the non renewal notice show | wondering.... | Jan 29, 2008, 1:06 pm |
| Back to article | ||
Subject: RE: About time
The only issue I have is that the reason for termination needs to be defined and this could create a different method for handling the existing book. If the agent or broker did something unethical or didn't retain the required legal forms (this would put the company in extreme jeapordy), then I believe it's in the company's best interest to non-renew the business asap. On the other hand, if it's a production issue, the cutomers shouldn't be put in a position to re-shop for insurance just because the company and the agent had a different set of objectives.