http://www.agent-for-change.com/2008/07/16/and-the-beat-goes-on/ Industry Insights by Laura Mazzuca Toops Tue, 24 Aug 2010 16:50:51 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://www.agent-for-change.com/2008/07/16/and-the-beat-goes-on/comment-page-1/#comment-5665 Agent For Change » “More equal than others”? Fri, 19 Feb 2010 14:34:48 +0000 http://www.agent-for-change.com/?p=4#comment-5665 [...] one of my first blog posts at “Agent for Change,” I threw out the question of whether contingent commissions should [...] [...] one of my first blog posts at “Agent for Change,” I threw out the question of whether contingent commissions should [...]

]]> http://www.agent-for-change.com/2008/07/16/and-the-beat-goes-on/comment-page-1/#comment-14 tracy Thu, 31 Jul 2008 14:46:35 +0000 http://www.agent-for-change.com/?p=4#comment-14 I think people forget that insurers, agents and brokers are in the business to make money. If structured properly, contingent commissions are meant to reward good underwriting and develop a sense of responsibility with regards to risks booked. However, I can see where this could be abused in some instances. Maybe instead of politicians determining how to run the insurance business, this regulation should be done by insurance experts. We have already seen the results of politicians regulation of the health care industry. That worked, NOT! I think people forget that insurers, agents and brokers are in the business to make money. If structured properly, contingent commissions are meant to reward good underwriting and develop a sense of responsibility with regards to risks booked. However, I can see where this could be abused in some instances. Maybe instead of politicians determining how to run the insurance business, this regulation should be done by insurance experts. We have already seen the results of politicians regulation of the health care industry. That worked, NOT!

]]> http://www.agent-for-change.com/2008/07/16/and-the-beat-goes-on/comment-page-1/#comment-13 David Mangold Thu, 31 Jul 2008 14:36:31 +0000 http://www.agent-for-change.com/?p=4#comment-13 I believe too much is being made over contingent fees. They are a wonderful bonus arrangement for all agents. The stopping of illegal manipullation of quoting to steer business to where the broker got the most dollars should be stopped. But most agents don't do that. They put business where they have the most competitive rates in order to be able to sell their customers, because if they didn't they wouodn't be selling many customers. They also of course give the customer the coverage that protects them best. They don't try and manipulate them into one company or another. Therefore we as agents deserve to receive a bonus based on excellent performance for our company. Thanks for allowing me to voice my opinion. Sincerely, Dave Mangold I believe too much is being made over contingent fees. They are a wonderful bonus arrangement for all agents. The stopping of illegal manipullation of quoting to steer business to where the broker got the most dollars should be stopped. But most agents don’t do that. They put business where they have the most competitive rates in order to be able to sell their customers, because if they didn’t they wouodn’t be selling many customers. They also of course give the customer the coverage that protects them best. They don’t try and manipulate them into one company or another. Therefore we as agents deserve to receive a bonus based on excellent performance for our company. Thanks for allowing me to voice my opinion. Sincerely, Dave Mangold

]]>