Spitzers Shadow Looms Large For 05 Feeprobes put agent and broker associations on thedefensive

While the three major property-casualty producer associationsdont always see eye to eye, for the coming year they share a majorpriorityrepairing the damage to their members reputation caused byallegations of wrongdoing on the part of a few while keepingregulatory overreaction in check.

“Our number-one initiative is to address the compensation issuethat has jolted our industry,” said Joel Wood, senior vicepresident of government affairs for the Council of Insurance Agents& Brokers in Washington. “The first thing we must do is toinsure, on the Congressional side, that our industry does notsuffer further reputational damage.”

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