What a crock of garbage! Eliott Spitzer opened pandora’s box and wrongly accused the industry and agents of wrongdoing. Is there going to be an investigation on Realtors or Car Salesman and how they get paid and if they receive any incentives to sell a car or house? I doubt it. They are making all insurance agents a scape goat.
I don’t have a problem disclosing any compensation that we are being paid. It was never a requirement by any entity. Now it sounds like we were hiding something and companies were wrong to compensate via bonuses.
This is bunk!
Had a call from a broker today. Said some of his insureds want to see the actual invoices from the Company once we write them. Guess they’ve run into that “white out the real premium, add our fees” broker one too many times.
There are so many creeps in this business making the rest of us look bad…
What a crock of garbage! Eliott Spitzer opened pandora’s box and wrongly accused the industry and agents of wrongdoing. Is there going to be an investigation on Realtors or Car Salesman and how they get paid and if they receive any incentives to sell a car or house? I doubt it. They are making all insurance agents a scape goat.
I don’t have a problem disclosing any compensation that we are being paid. It was never a requirement by any entity. Now it sounds like we were hiding something and companies were wrong to compensate via bonuses.
This is bunk!
Had a call from a broker today. Said some of his insureds want to see the actual invoices from the Company once we write them. Guess they’ve run into that “white out the real premium, add our fees” broker one too many times.
There are so many creeps in this business making the rest of us look bad…