Garbage. The broker has the relationship with the agent, if the agent on one of those “defined” accounts contacts the broker because they refuse to work with Crump then there shouldn’t be any issues.
What makes an underwriter or broker successful is the book of business they have – and if they are good at what they do, those insureds or agents will follow the individual to whatever position they end up in.
The broker could not have written the accounts without the contracts his former employer had with the markets. They provided him an expense account, office, a support staff, etc. so his former employer has a major investment in the business he is stealing in violation of a contract he agreed to sign.
Then I guess this broker should not have agreed to sign a contract with no intent to stand by it. The broker should have opened up his/her own shop called the “I’m a great broker agency” instead of using his employer’s lights/office space/health plan and other assets while building that book of business under the employer’s watch. Contracts mean something.
Garbage. The broker has the relationship with the agent, if the agent on one of those “defined” accounts contacts the broker because they refuse to work with Crump then there shouldn’t be any issues.
What makes an underwriter or broker successful is the book of business they have – and if they are good at what they do, those insureds or agents will follow the individual to whatever position they end up in.
The broker could not have written the accounts without the contracts his former employer had with the markets. They provided him an expense account, office, a support staff, etc. so his former employer has a major investment in the business he is stealing in violation of a contract he agreed to sign.
Then I guess this broker should not have agreed to sign a contract with no intent to stand by it. The broker should have opened up his/her own shop called the “I’m a great broker agency” instead of using his employer’s lights/office space/health plan and other assets while building that book of business under the employer’s watch. Contracts mean something.
One quick little google search : Raj Shah ?
http://www.insurancejournal.com/news/southcentral/2011/01/07/116239.htm