X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

money-question.JPGTo take your mind off the free-falling stock market today, how about taking on NU’s next ethical challenge? It involves agent and broker contingency fees, and the potential conflicts of interest such compensation schemes create. Many suggest a ban to avoid conflicts, while independent agents plead for mercy. Are there ethical methods of recognizing potential conflicts of interest in producer compensation, and other than prohibiting them altogether, what are some ethical ways of reconciling those conflicts? (If you wish, you may keep your identity confidential, but please note what role you play in the industry–agent, broker, risk manager, insurer, etc.–so we know where you’re coming from.)

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • 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.

Already have an account?

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.