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, 5:50 pm CDT
Posted By: Don P
Comment:
Cal, I am glad at least one industry member posting here understands this...you are correct. I guess an independent study could be performed adequately by an objective academic institution that is not funded by the industry. Politics and money seriously color these studies. At least a consumer group-funded study by an organization like Robert Hunter's Consumer Federation of America might bring out some of the reasons why contingents and profit sharing do not work, and we could be left to do some thinking about both sides of the issue before jumping to conclusions.
Subject: RE: RE: Wharton Study Biased Like All Industry Sponsored Stu