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St. Paul Settles with Conn,. Ill., N.Y. Attorneys General Over Broker Compensation
National News • August 1, 2006
The St. Paul Travelers Companies Inc. has entered into a $77 million settlement with the attorneys general of New York, Connecticut and Illinois, as well as with the New York State Department of ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: A different perspective ? | Agent | Aug 7, 2006, 4:16 pm |
| A different perspective ? | Underwriter | Aug 7, 2006, 3:06 pm |
| St. Paul-Traver's, Rampant Corruption Shame | bryan Shrier CWCI WC Fraud Co | Aug 4, 2006, 6:02 pm |
| RE: RE: Politicians and Business | Reality Check | Aug 2, 2006, 6:35 pm |
| RE: Politicians and Business | slave in the land of freedom | Aug 2, 2006, 6:08 pm |
| CONTINGENCIES | W GARD | Aug 1, 2006, 4:45 pm |
| Changing the name | Jones Tater | Aug 1, 2006, 1:59 pm |
| RE: RE: St Paul Settlement | Bob | Aug 1, 2006, 1:51 pm |
| RE: St Paul Settlement | Cheetoh Mulligan | Aug 1, 2006, 12:10 pm |
| Politicians and Business | Reality Check | Aug 1, 2006, 11:36 am |
| St Paul Settlement | uh-huh | Aug 1, 2006, 11:08 am |
| Back to article | ||
Subject: RE: A different perspective ?
The best point you make is if they could not enforce the laws that exist today what will be different in a few years. Let me add that when all these AG's are not there to care, the independent agents will be left with a legacy.
It seems like nobody other than the AG's really care about the disclosure issue. We have a few carriers who print terms like "we earn a commission" and most of the clients just looked at us, say gee you mean you get paid, and laugh. The clients care about the bottom line. Sure the big accounts who negotiate commissions and other services like loss control care enjoy insurance negotiation, but the average consumer is only further confused, and for agents it becomes one more thing in the way of doing business with multiple carriers.
Does anyone know how they will measure the 65% rule ?