Personal Lines Get No Pass In Spitzer Probe Agents defend profit-sharing deals; Serio calls for more legislative support

While New York Attorney General Eliot Spitzers investigation of insurance brokerage compensation has focused on commercial lines, that could soon change as the crusading gubernatorial candidate revealed that personal lines have not escaped his offices scrutiny.

Any focus on personal lines has many agents concerned that traditional profit-sharing practices, which are the lifeblood of many agencies, could fall victim to this new wave of reform.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.