National News
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Agents' Game Plan Helped Save Contingent Commissions
National News • January 18, 2006
Independent insurance agents approached the criticisms from New York Attorney General Eliot Spitzer and other officials with a measured game plan that has worked to preserve contingency ...
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| Subject | Posted By | Posted On |
|---|---|---|
| Contingent commissions are archaic | Big Insurance | Jan 23, 2006, 2:52 pm |
| Contingent Commissions | Barry Mohler | Jan 23, 2006, 9:34 am |
| Market Service Agreements...or whatever you call them | Insureman | Jan 20, 2006, 9:02 am |
| RE: What Spitzer uncovered. | Insure This | Jan 19, 2006, 7:32 pm |
| RE: Contingent Commissions | Independant Guy | Jan 19, 2006, 4:22 pm |
| RE: Contingent Commissions | TXGuru | Jan 19, 2006, 2:45 pm |
| Contingent Commissions | Ken breyley | Jan 19, 2006, 1:26 pm |
| What Spitzer uncovered. | Fact checker | Jan 19, 2006, 1:10 pm |
| RE: Ethical? | Mark b Rosen, CPCu | Jan 19, 2006, 12:53 pm |
| RE: Ethical? | Independant Guy | Jan 19, 2006, 12:22 pm |
| Get real | Jeff Radovich | Jan 19, 2006, 12:20 pm |
| RE: Ethical? | TXGuru | Jan 19, 2006, 12:10 pm |
| Ethical? | Eliot | Jan 18, 2006, 1:31 pm |
| Back to article | ||
Subject: RE: Ethical?
Here's a comparison for you. Ever look at two identical products (we'll use cell phones), with identical features, prices, and service? How did you choose? Now what if one of them had an incentive like a $50 rebate. Made the choice a little easier, didn't it?
Why should insurers be singled out for using an obviously effective marketing technique to steer desirable business onto their books? So long as it is done properly (i.e. no bid rigging or collusion), absolutely nothing! Honest business practices need to be distinguished from criminal manipulation, and that's where Spitzer went too far.