Just exactly who says independent insurance agents are not getting their fair share?

A representative of the IIABA (Independent Insurance Agents & Brokers of America), that’s who!

Wesley Bissett claims that insurance companies are requiring independent agents to do more, and should receive contingent commissions for their additional work. Read the rest of this entry »

The National Association of Insurance & Financial Advisors (NAIFA) sees no problem with bringing to an end the era of the independent insurance agent.

Or so it must seem, after NAIFA recently presented its opinion on a proposed Optional Federal Charter, which is now closer to reality following the Bush Administration’s pronouncement that it will seek to overhaul the insurance industry. Such an overhaul would in effect make state insurance regulation secondary to a federal insurance “czar,” making it easier for large agencies to grow and expand like a supernova, leaving smaller, independent agents hawking their products on street corners the way the unemployed sold apples for a penny during the Great Depression. Read the rest of this entry »