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: you must be joking
Posted On: June 9, 2005, 2:54 pm CDT
Posted By: Another Agent who cares
Comment:
Getting paid better for better performance is the basis of the whole free market system.
Sit in an agents office for a while and look at some captive and direct writers clients coming in ... run the clue reports of these poor people who have 4 or 5 small losses (some under $100). There are STUCK in their carrier... paying much higher premiums then they need to... why becuase no one ever said hey.. maybe you should consider eating this one.
How does that action benefit the consumer ?
Insurance is not a warranty.
Subject: RE: you must be joking
Sit in an agents office for a while and look at some captive and direct writers clients coming in ... run the clue reports of these poor people who have 4 or 5 small losses (some under $100). There are STUCK in their carrier... paying much higher premiums then they need to... why becuase no one ever said hey.. maybe you should consider eating this one.
How does that action benefit the consumer ?
Insurance is not a warranty.