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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: What Spitzer uncovered.

Posted On: January 19, 2006, 1:10 pm CST
Posted By: Fact checker
Comment:
The statement that Spitzer uncovered "grotesque illegal activities" at some of the nation's largest insurance brokers is absolutely untrue and misleading. Spitzer uncovered illegal activities within the Global Broking unit of the world's largest broker, Marsh, and within some of the carriers who did business with Marsh. Other brokers were swept up in the frenzy because of the "potential conflict of interest" in accepting contingent commissions from markets while representing the client. There is a HUGE difference between that and "grotesque illegal activities."
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
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