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Sen. Fitzgerald Says Broker Fee Scandal May End Antitrust Exemptions

National News • November 17, 2004
A bulletin from the office of lame-duck Illinois Republican Sen. Peter G. Fitzgerald indicates that: "It might be time to use federal antitrust enforcement to ensure that the insurance brokerage ...

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Subject: RE: Monopoly concerns - Look at Companies!

Posted On: November 17, 2004, 2:34 pm CST
Posted By: Insurance Dude
Comment:
Consolidation leads to lack of competitions leads to monopolistic behavior, price gouging - I'm talking about St Paul/Travelers/USF&G/Aetna/Royal & Sunalliance/Atlantic Mutual Commercial - SOON TO BE SAFECO/AMERICAN STATES(?), and Commercial Union/General Accident/Atlantic Mutual Inland Marine or Liberty Mutual/Peerless just to name a few. (I'm sure I'm forgetting loads.)

When the leadership of the entire insurance industry is reduced to a few families and a cozy little "commission" of robber-barons, we need to be concerned, it's all about status & legacy for a few rich men. One cannot conclude that reducing competition and choice is beneficial to any consumer.

And just think, 10 years ago we were worried about banks in insurance!

PS. ANY DIRT ON THE ST PAUL/TRAVELERS - SAFECO MERGER?
Subject Posted By Posted On
RE: bad faith claim denial Debbie
Jun 15, 2005, 2:25 am
RE: RE: Broker fees & Commissions John
Nov 22, 2004, 5:02 pm
Broker fees and commissions Jim Howse
Nov 22, 2004, 4:01 pm
Repeating History I.R. Smart
Nov 20, 2004, 7:46 am
RE: RE: Monopoly concerns - Look at Companies! Doug Megill
Nov 18, 2004, 1:22 pm
HORRAY for Senator Fitzgerald mike mattson
Nov 18, 2004, 8:50 am
re: bad faith claim denial Mike Nelson
Nov 18, 2004, 8:19 am
RE: RE: bad faith claim denial Bob
Nov 18, 2004, 7:44 am
RE: bad faith claim denial jack
Nov 17, 2004, 7:39 pm
bad faith claim denial steve desimone
Nov 17, 2004, 7:23 pm
Commercial Insurance Fees and commissions Bob
Nov 17, 2004, 2:42 pm
RE: Monopoly concerns - Look at Companies! Insurance Dude
Nov 17, 2004, 2:34 pm
RE: RE: RE: RE: RE: Broker fees & Commissions xsman17
Nov 17, 2004, 2:34 pm
RE: RE: RE: RE: Broker fees & Commissions M
Nov 17, 2004, 1:54 pm
RE: RE: RE: Broker fees & Commissions John
Nov 17, 2004, 1:37 pm
Monopoly concerns rascal
Nov 17, 2004, 1:31 pm
RE: RE: Broker fees & Commissions Mike Nelson
Nov 17, 2004, 1:20 pm
Broker Fees & Commissions Mark
Nov 17, 2004, 1:18 pm
RE: Broker fees & Commissions Dorothy
Nov 17, 2004, 1:18 pm
RE: Broker fees & Commissions Old Grouchy
Nov 17, 2004, 1:16 pm
RE: Broker fees & Commissions Michael Swetnam
Nov 17, 2004, 1:07 pm
RE: Broker fees & Commissions Bill
Nov 17, 2004, 1:04 pm
Broker fees & Commissions Mike Nelson
Nov 17, 2004, 11:16 am
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