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: RE: RE: RE: RE: Wharton Study Biased Like All Indust
Posted On: June 9, 2005, 3:35 pm CDT
Posted By: Don P
Comment:
Don't jump to conclusions "honest agent"...I run my own small brokerage firm, and I have strong views on the subject. I also used to work in my family's mid-sized (some might say large) firm that has roots in the 19th century. I have been in touch with the Big I issues people and follow this subject closely. I feel an obligation to educate those who are jumping on the bandwagon without hearing the other side of the story, or jumping on the bandwagon without giving it some thought...but I'm finding that neither side seems to be listening closely to the other, for one is supporting the financial interests of the brokerage and company side without regard to ethics or how the system functions now and how it evolved, the other sees it as a modern ethical issue that calls for reform and a paradigm shift in how agents are paid for their work.
Subject: RE: RE: RE: RE: RE: RE: Wharton Study Biased Like All Indust