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: you must be joking
Posted On: June 9, 2005, 2:47 pm CDT
Posted By: PM
Comment:
As an undergrad and MBA graduate of Wharton, I find the conclusion of this "study" an embarrassment. Given all the conflicts that have been uncovered in the Spitzer (et al) investigations, how can anyone in their right mind conclude that contingent commissions are in the best interest of the buyer? "Matchmakers" rejoice -- conflicts of interest apparently are no longer an issue we need to be concerned with. Sure. The reality is that you can only have one master.
Subject: you must be joking