TWIA Board Votes to Maintain Agent Commissions at 16% After Hearing Testimony on Impact December 14, 2023 By Ezra Amacher The Texas Windstorm Insurance Association held its final quarterly meeting on Dec. 12 in Corpus Christi, where the board of...
Germany Joins Opposition to EU Ban on Commission-Based Financial Products January 17, 2023 By Huw Jones Banning commission-based sales of financial products from banks and insurers would be a “serious setback” to the European Union’s capital...
Travelers to Provide $100 Million Cash Flow Boost to Agents Amid Coronavirus Crisis April 5, 2020 The Travelers Companies announced that it will accelerate commission payments to eligible agents and brokers to help them ease liquidity...
EFG Launches Home Warranty Product for Sale by Insurance Agents October 6, 2014 EFG Companies has launched a home warranty product designed to be sold by insurance agents. The product, Simplicity Home Warranty,...
GEICO Success Highlights Advertising Dollars vs. Agent Commissions Debate October 22, 2013 Direct writer GEICO’s success in auto insurance sales is due to spending dollars on effective advertising rather than on agents,...
Massachusetts DOI’s New Bulletin Says Producers May Charge Fees October 17, 2013 Massachusetts regulators this month issued a bulletin announcing that producers for all lines of insurance may charge their clients fees...
Former Southern California Auto Club Agent Sues Insurer for ‘Illegal Practice’ October 25, 2012 By Don Jergler A former insurance agent has filed a class action lawsuit in Southern California against Auto Club over what she alleges...
FEMA to Agents: Stop Using Commission Rebates to Solicit Business April 17, 2012 By Michael Adams Federal emergency officials are calling on insurance agents to stop offering clients a cut of the agent’s commission if the...
Report: New Orleans Wasted Money on Life Benefits for Years February 9, 2012 By Stephanie K. Jones The city misspent around $500,000 on employee benefits during a span of eight years, according to a report released by...
Louisiana Senator Co-Sponsors Bill to Protect Agent Health Commissions February 6, 2012 Two U.S. senators have filed a bill to clarify that agent compensation should be excluded from the federal health reform...