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.
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