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Spitzer Notifies Insurers Contingent Commissions No Longer an Option
National News • November 30, 2006
New York Attorney General Eliot Spitzer has notified four leading insurance companies that, under agreements reached with his office earlier this year, they may no longer pay "contingent ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: working more for less | Les | Dec 11, 2006, 10:42 am |
| RE: What's next for agents of 4 carriers in 2007? | B.P. in CA | Dec 7, 2006, 7:04 pm |
| What's next for agents of 4 carriers in 2007? | Dazed and Confused Too | Dec 7, 2006, 4:26 pm |
| RE: RE: Prostitution 103 and now this! | Reality Check | Dec 5, 2006, 3:40 pm |
| What would you do/say? | Death Beast | Dec 5, 2006, 3:29 pm |
| RE: Ralph Nader | Death Beast | Dec 5, 2006, 3:23 pm |
| RE: Prostitution 103 and now this! | Death Beast | Dec 5, 2006, 3:12 pm |
| Sister of the industry 6:55AM | Hawk | Dec 5, 2006, 11:22 am |
| RE: RE: The controversy continues | Reality Check | Dec 5, 2006, 8:03 am |
| RE: The controversy continues | Jack J Maniscalco | Dec 5, 2006, 7:16 am |
| The controversy continues | Sister of the industry | Dec 5, 2006, 6:55 am |
| Problems in NY | Local Agent in NY | Dec 4, 2006, 4:50 pm |
| RE: Company Guy | Company Guy | Dec 4, 2006, 3:09 pm |
| RE: Company Guy | Jack J Maniscalco | Dec 4, 2006, 3:06 pm |
| Company Guy | 50 Year Agent | Dec 4, 2006, 2:55 pm |
| RE: Company Guy | Company Guy | Dec 4, 2006, 2:49 pm |
| Company Guy | 50 year agent | Dec 4, 2006, 2:41 pm |
| Ralph Nader | Tonka | Dec 4, 2006, 2:36 pm |
| You Would Capitulate Too With A Gun At Your Head | Company Guy | Dec 4, 2006, 2:29 pm |
| Why weren't we there? | Tom Drawert | Dec 4, 2006, 2:25 pm |
| Independent Reality of 9:51AM | John B | Dec 4, 2006, 2:24 pm |
| RE: Why weren't we there? | Tom Drawert | Dec 4, 2006, 2:24 pm |
| The Travelers sell out | LLB | Dec 4, 2006, 2:05 pm |
| RE: New York rules the entire country??? | bill P | Dec 4, 2006, 1:24 pm |
| RE next? Yea right | grumpy | Dec 4, 2006, 1:06 pm |
| RE: RE: Prostitution 103 and now this! | Reality Check | Dec 4, 2006, 12:45 pm |
| RE: RE: Ban Lawyer's Contingent Fees, too! | d.alumbaugh | Dec 4, 2006, 12:14 pm |
| RE: Prostitution 103 and now this! | Reality Checkmate Agent | Dec 4, 2006, 11:45 am |
| Contingent Commissions | New York City Agent | Dec 4, 2006, 11:29 am |
| RE: Contingent Politicians | Hilton G. Martin | Dec 4, 2006, 11:08 am |
| Prostitution 103 and now this! | Reality Check | Dec 4, 2006, 10:17 am |
| RE: What's next? | diane | Dec 4, 2006, 7:56 am |
| RE: RE: RE: Contingent Politicians | Bea | Dec 4, 2006, 7:05 am |
| RE: Spit | Be | Dec 4, 2006, 7:03 am |
| NY Problems | Local Agent in NY | Dec 3, 2006, 7:14 am |
| RE: Ban Lawyer's Contingent Fees, too! | Prakash V. Naor | Dec 2, 2006, 11:46 am |
| Ban Lawyer's Contingent Fees, too! | Bill | Dec 2, 2006, 10:46 am |
| Governor-elect Spitzer | NY agent | Dec 1, 2006, 10:25 pm |
| Spit | LG | Dec 1, 2006, 6:41 pm |
| RE: RE: Contingent Politicians | HARRY | Dec 1, 2006, 4:26 pm |
| RE: Contingent Politicians | Oklahoma Agent | Dec 1, 2006, 4:18 pm |
| RE: Spitzer | Dick | Dec 1, 2006, 4:16 pm |
| RE: Contingent Politicians | joe | Dec 1, 2006, 4:02 pm |
| RE: Independent Reality | Buiness Man | Dec 1, 2006, 3:56 pm |
| What's next? | MindingmyBusiness | Dec 1, 2006, 3:52 pm |
| Contingent Politicians | Let's See | Dec 1, 2006, 3:47 pm |
| RE: What's next? | Bob | Dec 1, 2006, 3:34 pm |
| What's next? | Dazed and confused | Dec 1, 2006, 3:20 pm |
| Spitzer | Mark Hester | Dec 1, 2006, 3:20 pm |
| RE: RE: Independent Reality | Chuck | Dec 1, 2006, 3:11 pm |
| RE: RE: RE: RE: Independent Reality | Mark | Dec 1, 2006, 3:07 pm |
| RE: RE: Independent Reality | Bob | Dec 1, 2006, 3:00 pm |
| RE: RE: RE: Independent Reality | Jack J Maniscalco | Dec 1, 2006, 2:49 pm |
| RE: Independent Reality | dan | Dec 1, 2006, 2:43 pm |
| RE: RE: Independent Reality | Steve | Dec 1, 2006, 2:40 pm |
| RE: Independent Reality | Ray | Dec 1, 2006, 2:35 pm |
| RE: RE: Independent Reality | Marm | Dec 1, 2006, 2:33 pm |
| RE: Independent Reality | Scott | Dec 1, 2006, 2:25 pm |
| New York rules the entire country??? | Nancy Lee | Dec 1, 2006, 12:45 pm |
| Contingent Commissions | Dale Longfellow | Dec 1, 2006, 12:32 pm |
| Another way | Seems to me | Dec 1, 2006, 11:11 am |
| Contingent Commissions | Lawrence Whalley | Dec 1, 2006, 11:02 am |
| Independent Reality | Independent? | Dec 1, 2006, 9:51 am |
| Justice? | David | Dec 1, 2006, 8:05 am |
| Back to article | ||
Subject: Contingent Commissions
Mr. Spitzer failed to indite those who pretended to shop for lower premiums and settled for some firings and elimination of contingent commissions instead. Meanwhile, his goal of being governor was realized with his daily headline seeking activity.
Fraud and abuse took place but were not punished. Instead a means of compensation has been outlawed without passage of legislation.
Too bad for New York State and too bad for all those harmed by higher costs in the system and lowered commissions.
If contingent commissions and finite reinsurance are to be criminalized then pass legislation, don't allow prosecutorial zeal or arrogance to substitute the rule of law.