Posted On: December 1, 2006, 2:49 pm CST

Posted By: Jack J Maniscalco

I beg to differ. In the short term overall commissions may rise, but in the long term, we agents will take the income hit.

Here in the glorius Empire State, we had Work Comp "reform". In essence, the State mandated that the premiums be split apart and there is now an uncommissionable NY Assessment. We, as brokers and agents, still have to sell the same price, only now we get paid less.

The Main Street agents and brokers were not doing the dirty deeds, yet we get painted with that same brush. So, if the companies are forced to get rid of profit sharing, other than retaining the market, who cares about careful underwriting? It won't matter whether or not you give a company business that meets its appetite.

And, of course, we all know that as independent agents, the only reason we represent so many companies is to...place the business with the company that pays us the most?

Please Mr. Governor-to-be, please stop all trial attorneries from collecting contigency fees! Maybe then the cost of doing business in NY will reduce.

Otherwise, he should take the time to learn what it is that we actually do.