March 12, 2007
Former agent and technology guru provides tips on working the Web Technology expert Steve Anderson of The Anderson Network Inc., a licensed independent agent for the last 25 years, began his presentation to the Independent Insurance Agents of Texas conference …
March 12, 2007
Insurance department tells company to reinstate policies 11 Former Okla. commissioner arrested, jailed Fisher broke terms of appeal bond, AG says N1 Industry gears up for more federal terrorism insurance debates Advocates say the coverage still vital to national security …
March 12, 2007
In our travels as consultants to the insurance industry, we have noticed that one of the more elusive “standards” or “norms” is compensation for employee benefits producers and staff. The difficulty in establishing an “average” is that the plans are …
March 12, 2007
Last November, then-New York Attorney General Eliot Spitzer notified four insurance companies that they could no longer pay contingent commissions to agents and brokers who sell automobile, homeowners and certain other insurance products. The four companies — ACE, AIG, St. …
March 12, 2007
Incentive pay plans for agents that some insurers are implementing to replace discontinued contingency compensation could work out better for agents than the programs they are replacing. A handful of major carriers banned the use of contingent commissions at the …
March 12, 2007
In our travels as consultants to the insurance industry, we have noticed that one of the more elusive “standards” or “norms” is compensation for employee benefits producers and staff. The difficulty in establishing an “average” is that the plans are …
March 12, 2007
More independent insurance agencies gave salary increases in 2006 than in 2005, but still nearly half of all agency salaries nationwide stayed right where they were compared to 2005. On the other hand, producer commission rates in 2006 soared above …
March 12, 2007
Debate continues in the insurance industry regarding the future of contingent income. Any drastic changes in the current compensation structure would have far-reaching effects throughout the industry and would impact independent agencies and brokers disproportionately. Contingent payments have been a …
March 12, 2007
Last November, then-New York Attorney General Eliot Spitzer notified four insurance companies that they could no longer pay contingent commissions to agents and brokers who sell automobile, homeowners and certain other insurance products. The four companies — ACE, AIG, St. …
March 12, 2007
Incentive pay plans for agents that some insurers are implementing to replace discontinued contingency compensation could work out better for agents than the programs they are replacing. A handful of major carriers banned the use of contingent commissions at the …