This is good first step let those that have, if there are any come forward. God help those who dont after the AG comes in and looks at the books and finds something. Information is everywhere paper trails are long and people talk. So eventually all comes out in the end sooner or latter. Bad business is bad for all business. May be the agency commission structures just need to be changed.
Jim Long is living, breathing proof why a state Insurance Commisioner should be appointed rather than popularly elected by insurance ignorant masses.
Read the press releases from his office. Only Jim Long has saved the state from certain doom and gloom from hurricanes, cce storms, auto insurance rate increaes, the NC Rate Bureau, et al.
First, in North Carolina an insurance broker represents his client. The client relies on the professional services to locate the best coverage and price within the given time constraint. The broker does not represent the insurance company. An E&S Lines Agent represents the non-admitted carrier or group. The E&S Lines Brokerage does not have any obligation to reveal their lowest price or its compensation to the client’s broker. I would recommend, since these recent events, the broker to reveal his compensation to his client. Mr. Long maintains a “White List” of non-admitted companies who meet the NCDOI requirements. The majority of E&S Lines Agents follow his recommendations. And, the brokers desire compliants for potential E&O concerns. Is Mr. Long steering for publishing a “White List”?
Secondly, Mr. Long is a Lawyer. He knows, only an idiot would answer “yes” on his questionaire. To do so, would be an act of self-incrimination and a violation of a person’s 5th amendment rights. Any decent attorney would not let their client sign it. Refusing to sign it, would be interpreted as guilt by NCDOI and an immediate audit would pursue. We do not know the magnitude or the scope of this problem. To sign this questionaire could lead to fraud charges. Fraud charges could be filed should any irregularity be found regardless how minor the item. Refusal to sign the questionaire should not be seen as admission of guilt. It should be seen as protection of one’s rights.
Third, Mr. Long is a 20-year incumbent as Insurance Commissioner. He has used every opportunity to exploit the powers of his office for his person gain. This year is the fourth election Mr. Long has ordered auto insurance refunds. The majority of the $1.2 billion will be refunded to North Carolina’s worst drivers. The consumer could have received these monies earlier. However, earlier payments would not serve his purpose. It is best for his concerns for October of election year. Many agents are being forced to repay the nearly $120 Million of unearned commissions to the carriers. The agents do not have the means to track the excess charges and retain the unearned commissions in an escow account.
Fourth, Mr. Robert Brawley is a more competent person to lead the department. Many professional groups have endorsed him over Mr. Long. As stated in Mr. Brawley’s website, “North Carolina needs a work horse, not a show horse. It takes a work horse to pull the wagon in the right direction.”
Fifth, Mr. Long has not disclosed Promissor’s problems of failing licensees on their License Exams. He has delegated it to Promissor. Over 500 people have been affected. And, Promissor has been paying clients $5,000 each to make it go away.
In closing, North Carolinians would be better served by Mr. Brawley. It can come true on November 2nd.
We have our own elected insurance commissioner here in California. He did a lousy job the first time & is doing it again this time! I can just see him getting on this band wagon also! Heaven help us!!
I invested some money with Mark Lane Insurance/Finacial Service. Agent/Broker.
Po Box 190 Beulaville,NC 28518. I called Mark to meet with me and go over the transactions since 1996. He made the appointment on Wednesday Jan.26th at 3.30pm. I waited 30 minutes and he did not come. I called him four or five times and he did not answer. I mailed a cerified letter and he also refused the letter. I would like to meet with him to answer some questions before I go any futher.
I appreciate your help.
Irene O. Smith
139 Woodland Church Rd.
Albertson, N.C. 28508
The check’s in the mail, I won’t say anything to anyone else, and we have not rigged any bids…
This is good first step let those that have, if there are any come forward. God help those who dont after the AG comes in and looks at the books and finds something. Information is everywhere paper trails are long and people talk. So eventually all comes out in the end sooner or latter. Bad business is bad for all business. May be the agency commission structures just need to be changed.
Jim Long is living, breathing proof why a state Insurance Commisioner should be appointed rather than popularly elected by insurance ignorant masses.
Read the press releases from his office. Only Jim Long has saved the state from certain doom and gloom from hurricanes, cce storms, auto insurance rate increaes, the NC Rate Bureau, et al.
First, in North Carolina an insurance broker represents his client. The client relies on the professional services to locate the best coverage and price within the given time constraint. The broker does not represent the insurance company. An E&S Lines Agent represents the non-admitted carrier or group. The E&S Lines Brokerage does not have any obligation to reveal their lowest price or its compensation to the client’s broker. I would recommend, since these recent events, the broker to reveal his compensation to his client. Mr. Long maintains a “White List” of non-admitted companies who meet the NCDOI requirements. The majority of E&S Lines Agents follow his recommendations. And, the brokers desire compliants for potential E&O concerns. Is Mr. Long steering for publishing a “White List”?
Secondly, Mr. Long is a Lawyer. He knows, only an idiot would answer “yes” on his questionaire. To do so, would be an act of self-incrimination and a violation of a person’s 5th amendment rights. Any decent attorney would not let their client sign it. Refusing to sign it, would be interpreted as guilt by NCDOI and an immediate audit would pursue. We do not know the magnitude or the scope of this problem. To sign this questionaire could lead to fraud charges. Fraud charges could be filed should any irregularity be found regardless how minor the item. Refusal to sign the questionaire should not be seen as admission of guilt. It should be seen as protection of one’s rights.
Third, Mr. Long is a 20-year incumbent as Insurance Commissioner. He has used every opportunity to exploit the powers of his office for his person gain. This year is the fourth election Mr. Long has ordered auto insurance refunds. The majority of the $1.2 billion will be refunded to North Carolina’s worst drivers. The consumer could have received these monies earlier. However, earlier payments would not serve his purpose. It is best for his concerns for October of election year. Many agents are being forced to repay the nearly $120 Million of unearned commissions to the carriers. The agents do not have the means to track the excess charges and retain the unearned commissions in an escow account.
Fourth, Mr. Robert Brawley is a more competent person to lead the department. Many professional groups have endorsed him over Mr. Long. As stated in Mr. Brawley’s website, “North Carolina needs a work horse, not a show horse. It takes a work horse to pull the wagon in the right direction.”
Fifth, Mr. Long has not disclosed Promissor’s problems of failing licensees on their License Exams. He has delegated it to Promissor. Over 500 people have been affected. And, Promissor has been paying clients $5,000 each to make it go away.
In closing, North Carolinians would be better served by Mr. Brawley. It can come true on November 2nd.
We have our own elected insurance commissioner here in California. He did a lousy job the first time & is doing it again this time! I can just see him getting on this band wagon also! Heaven help us!!
Just another guy getting on the band wagon. Are they all going into politics?
I invested some money with Mark Lane Insurance/Finacial Service. Agent/Broker.
Po Box 190 Beulaville,NC 28518. I called Mark to meet with me and go over the transactions since 1996. He made the appointment on Wednesday Jan.26th at 3.30pm. I waited 30 minutes and he did not come. I called him four or five times and he did not answer. I mailed a cerified letter and he also refused the letter. I would like to meet with him to answer some questions before I go any futher.
I appreciate your help.
Irene O. Smith
139 Woodland Church Rd.
Albertson, N.C. 28508