A New York agents' trade group has sent an angry e-mail to insurance companies telling them to stop giving customer data to rival insurance agents when a competing agent originally submitted the information.
The DeWitt, N.Y.-based Independent Insurance Agents & Brokers of New York Inc. said that as the marketplace has been impacted by falling prices, insurers "after unsuccessfully quoting an account with one agent, have given information about that account to a competing agent who may have better luck."
Calling this an "inappropriate practice," IIABNY said it has broadcast an e-mail message yesterday to insurance company executives, informing them of a recent policy statement adopted by the IIABNY board.
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