Posted On: April 13, 2005, 5:16 pm CDT

Posted By: Amazed at Ins Dept

I found it quite interesting how IL and WI insurance departments have allowed this. Carriers battle insurance departments often for the smallest endorsements or rates changes to become more competitive or protect the assests of policy holders. I would think that carriers and agents should be quite upset with the insurance departments. In many states it is illegal to steer a risk the way this is being done. Apparently these insurance department heads were asleep. Consumer protection groups should be flipping out as well. I follow these posts for the Spitzer information, I am not an agent but a prior company employee and now an investor.

The practice of the marketing company seems much like an agent, how was this missed... how do they earn... are they licensed, ... are they registered as a buying group... or are buying groups even allowed in IL and WI ?

Also as per another post, I also know that this is not new it has been done in europe for years, so much for dreaming it up.