Wharton Study Finds Agents, Brokers Play Critical Role in Buying Process
National News • June 8, 2005
Profit-based contingent commissions align the interests of independent agents and brokers and the insurer so that correct pricing of policies is achieved, thereby alleviating adverse selection, ...
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Subject: RE: RE: Wharton Study Biased Like All Industry Sponsored Stu
Posted On: June 8, 2005, 5:24 pm CDT
Posted By: Jim
Comment:
I suppose Don P could make a case that capitalism has outlived its usefulness too. Incenting sales people to produce profitable business is good business. The illegal activities of a few has cast a shadow on the vast majority of good people in the insurance industry. Mr. Spitzer got lucky in finding some unsavory activity and is hoping that this will get him elected as governor of NY. In the meantime, great numbers of good people have been devastated in the wake of his high profile election campaign. That's a fact.
Subject: RE: RE: Wharton Study Biased Like All Industry Sponsored Stu