The insurance industry has one thing in common with major league baseball–both enjoy a cherished exemption from federal antitrust law. Still, baseball gets away with a lot more than insurers and brokers could ever hope to in managing their business. Indeed, imagine for a moment what insurance would be like if baseball's standard operating procedure prevailed!
For one, you wouldn't have a choice of where to work–at least until you've completed seven years of "major league" service and earned your free agency.
To start, you would be drafted right out of college. Say you were drafted out of the College of Insurance by Marsh. The broker could then assign you to their farm teams anywhere around the country, then move you up through the system until you eventually are promoted to the New York headquarters office!
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