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Consumer Group Hits Payment of Contingent Commissions in Personal Insurance as Harmful to Buyers

National News • January 27, 2005
A new report by a national consumer organization claims that contingent fee arrangements "similar" to those being investigated by New York Attorney General Eliot Spitzer in commercial insurance ...

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Subject: Contingent Commissions understood

Posted On: January 27, 2005, 3:25 pm CST
Posted By: Bob
Comment:
Why is it that even the CFA doesn't understand how contingent income is derived at, and how difficult it is to maintain, or rather easy to lose. In most cases, it is not guaranteed since its based on claims, new business, and renewals. Our agency writes high end personal lines and everyone knows it's either Chubb, AIG, or Fireman's Fund, which do pay contingent, and that we are forced, if not by our own morals, then by the pressure from insureds to market policies at renewal. The point is it's not all exactly as it's portrayed to the public. It's not easy street.

Someone in the thread below mentioned car dealers, but why stop there. Why, even hot dog vendors likely get an incentive to sell more hot dogs of a specific brand. Will Spitzer chase that guy too! :)
Subject Posted By Posted On
card PakePlaiceLes
Jul 15, 2007, 2:07 pm
RE: RE: Evils of DRUDY
Jan 31, 2005, 3:24 pm
Ethics ... 1st basic rule of a Broker/agent Long time agent
Jan 31, 2005, 1:32 pm
RE: RE: RE: RE: Mr. Hunter is usually :erroneous ETIMER
Jan 28, 2005, 1:22 pm
RE: RE: RE: Mr. Hunter is usually :erroneous ETIMER
Jan 28, 2005, 1:18 pm
RE: RE: RE: Mr. Hunter is usually :erroneous Alan
Jan 28, 2005, 11:11 am
RE: RE: RE: Mr. Hunter is usually :erroneous Tomw
Jan 28, 2005, 10:23 am
Mr. Hunter is a peice of Crap from Texass. Bud
Jan 28, 2005, 10:21 am
RE: RE: Mr. Hunter is usually :erroneous picaro
Jan 28, 2005, 9:44 am
RE: Mr. Hunter is usually :erroneous ETIMER
Jan 28, 2005, 9:07 am
Contingent Commission in Personal Lines Business Carroll S. Mayer, Jr.
Jan 28, 2005, 9:03 am
RE: RE: Mr. Hunter is usually :erroneous Hank
Jan 28, 2005, 8:37 am
RE: Mr. Hunter is usually :erroneous
Jan 27, 2005, 6:28 pm
RE: RE: RE: Evils of LMJ
Jan 27, 2005, 3:54 pm
RE: RE: Evils of Tomw
Jan 27, 2005, 3:40 pm
RE: Evils of Earle
Jan 27, 2005, 3:33 pm
Contingent Commissions understood Bob
Jan 27, 2005, 3:25 pm
RE: Contingent Commissions Larry
Jan 27, 2005, 1:59 pm
Contingent Commissions David
Jan 27, 2005, 1:43 pm
RE: Contingent Commissions Steve
Jan 27, 2005, 1:34 pm
RE: Contingent Commissions LMJ
Jan 27, 2005, 1:33 pm
Mr. Hunter is usually :erroneous" picaro
Jan 27, 2005, 1:32 pm
Evils Tomw
Jan 27, 2005, 1:30 pm
RE: Evils of tony
Jan 27, 2005, 1:25 pm
RE: RE: Contingent Commissions Andrew
Jan 27, 2005, 1:21 pm
RE: Contingent Commissions Ian Graeme
Jan 27, 2005, 12:54 pm
How did I know etimer
Jan 27, 2005, 11:51 am
Contingent Commissions Alan
Jan 27, 2005, 10:55 am
RE: Evils of Tom
Jan 27, 2005, 10:24 am
Evils of "contingent commission" apn
Jan 27, 2005, 10:17 am
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