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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: What's next?
I represent all of the companies but only do Personal Lines with Travelers. They are having conference call on Monday to "explain" their compensation plan for 2007. I can assume that Jay Fishman is concerned about this announcement made by Spitzer to the point that he wants to make Independent Agents know that they will be offering something to offset this loss in revenue. Otherwise business is going to go elsewhere.
We write a large volume of PROFITABLE business with Travlers and the PROFIT Sharing they pay our agnecy is an important revenue items for the agency. I capitalize those words becase that is the incentive and that is why companies tie the contingent bonus to profit. I get nothing if every account I place is a dog.
I guess when I go to buy an refrigerator I should ask if Maytag has any sales promotion running for the corporation.