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MarketScout: Bid Rigging, Incentive Commissions, Hurricanes and a Presidential Election Impact P/C Market

National News • November 4, 2004
According to Richard Kerr, chairman and CEO of MarketScout, an online insurance exchange with more than 50,000 users, the October 2004 composite rate for U.S. property and casualty insurance is ...

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Subject: Bid Rigging

Posted On: November 5, 2004, 1:55 pm CST
Posted By: Andrew J. Barile,CPCU
Comment:
The cost of insurance to the client company,buyer of Insurance, should go up if the carriers do not reduce the premium on the basis that their expenses are going down since they are not paying contingents.The whole concept of managing the buying process will have to be revisited since Underwriters will have to be educated as well.
Subject Posted By Posted On
RE: Bid Rigging Jay Schrader, CPCU
Nov 5, 2004, 4:09 pm
RE: Bid Rigging Larry VanZant , CIC , CPCU
Nov 5, 2004, 3:23 pm
Bid Rigging Andrew J. Barile,CPCU
Nov 5, 2004, 1:55 pm
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