While independent agents share the same concerns as their big brokerage cousins about what direction insurance prices might take, association leaders are equally concerned with a longer-term challenge prompted by the woes on Wall Street–the possibility of federal oversight.
There is much anxiety over the economic climate in the country, acknowledged Kenneth R. Auerbach, president of the National Association of Professional Insurance Agents. However, he said agents are just as worried about talk of greater government oversight in Washington.
"We do not want to see an inappropriate regulation for this industry, which is not responsible for the current financial meltdown," said Mr. Auerbach, who is managing director and general counsel for E&K Agency in Eatontown, N.J.
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