America now has a new kind of justice, compliments of the Attorney General (Governor) of New York.
Prosecute companies who break the law, settle with the same companies giving \”sweetheart deals\”, place your friends in high job positions, then amend those sweetheart deals so your friends can once again take advantage of the public, then turn around and penalize those who work hard to hold to what they thought was the law.
Next year we\’ll see what \”trustworthy\” means in New York.
Reality is this, Independent Agents are not that Independent when they are conpensated generously by their \”appointed\” carriers to place more and more business with them.
It blurs the agents ability to be objective on coverage matters when the money matters more. I am tired of all the whining. They will find another way to pay you.
This is an unfortunate consequence of an out of control prosecutor, of which this nation has far too many. Just look at the tobacco deal where the states and trial bar got windfall monopoly rents for tobacco products without legislation. Our nation not only has courts legislating but now the prosecutors are getting into the act.
Mr. Spitzer failed to indite those who pretended to shop for lower premiums and settled for some firings and elimination of contingent commissions instead. Meanwhile, his goal of being governor was realized with his daily headline seeking activity.
Fraud and abuse took place but were not punished. Instead a means of compensation has been outlawed without passage of legislation.
Too bad for New York State and too bad for all those harmed by higher costs in the system and lowered commissions.
If contingent commissions and finite reinsurance are to be criminalized then pass legislation, don\’t allow prosecutorial zeal or arrogance to substitute the rule of law.
So the \’official\’ reckoning does not appear to do anything more than political punishment of the offenders.
Independent agents can choose not to deal with fraudulent providers. Company employees can choose not to work for scurrilous employers. Come on, how about a little open market vigilante justice?
We sincerely \”thank\” Bob Rusbuldt and his entire staff for everything they are now doing for all Agents. We must do everything possible to reverse the actions taken by a handful of Attorney Generals and Insurance Carriers in making such settlements without our involvement. This should never have been done in the first place without our chair at the settlement meeting.
Are you insane? I dare you to cheat your clients because then I\’ll make them my clients. Isn\’t the free market fair enough for you? Who are you going to trust, Elliot Spitzer and the Government or the almightly dollar and consumer choice? Whinning? How about this for whinning, your a communist!
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1 December 2006
Really want to send a message to Spit-Move all operations, including personnel out of NY and see how the people will just love Spit!
America now has a new kind of justice, compliments of the Attorney General (Governor) of New York.
Prosecute companies who break the law, settle with the same companies giving \”sweetheart deals\”, place your friends in high job positions, then amend those sweetheart deals so your friends can once again take advantage of the public, then turn around and penalize those who work hard to hold to what they thought was the law.
Next year we\’ll see what \”trustworthy\” means in New York.
Reality is this, Independent Agents are not that Independent when they are conpensated generously by their \”appointed\” carriers to place more and more business with them.
It blurs the agents ability to be objective on coverage matters when the money matters more. I am tired of all the whining. They will find another way to pay you.
Can I take back my vote for Spitzer?
This is an unfortunate consequence of an out of control prosecutor, of which this nation has far too many. Just look at the tobacco deal where the states and trial bar got windfall monopoly rents for tobacco products without legislation. Our nation not only has courts legislating but now the prosecutors are getting into the act.
Mr. Spitzer failed to indite those who pretended to shop for lower premiums and settled for some firings and elimination of contingent commissions instead. Meanwhile, his goal of being governor was realized with his daily headline seeking activity.
Fraud and abuse took place but were not punished. Instead a means of compensation has been outlawed without passage of legislation.
Too bad for New York State and too bad for all those harmed by higher costs in the system and lowered commissions.
If contingent commissions and finite reinsurance are to be criminalized then pass legislation, don\’t allow prosecutorial zeal or arrogance to substitute the rule of law.
So the \’official\’ reckoning does not appear to do anything more than political punishment of the offenders.
Independent agents can choose not to deal with fraudulent providers. Company employees can choose not to work for scurrilous employers. Come on, how about a little open market vigilante justice?
We sincerely \”thank\” Bob Rusbuldt and his entire staff for everything they are now doing for all Agents. We must do everything possible to reverse the actions taken by a handful of Attorney Generals and Insurance Carriers in making such settlements without our involvement. This should never have been done in the first place without our chair at the settlement meeting.
Since when does the State of New York regulate all of the States in the country?
Are you insane? I dare you to cheat your clients because then I\’ll make them my clients. Isn\’t the free market fair enough for you? Who are you going to trust, Elliot Spitzer and the Government or the almightly dollar and consumer choice? Whinning? How about this for whinning, your a communist!
Scott, if you could spell and obey the basic rules of grammar your mane calling would be just as ignorant.