BestWeek: Carriers Reduce Commissions, Squeeze Agents/Brokers, Observers Say
April 25, 2017 by Caroline Saucer
OLDWICK, N.J. – Despite facing the double whammy of seeing their commissions reduced or eliminated while demand for their services substantially increases, people like Kelly Don Fristoe, owner of Financial Partners, said in this week’s BestWeek that the agent-broker force is far from extinct.
“We had to do more for less compensation and in some cases no compensation,” said Fristoe, the Region 6 vice president for the National Association of Health Underwriters.
Founded in 1899, A.M. Best Co. is the world’s oldest and most authoritative insurance rating and information source.
(By Caroline Saucer, editor, BestWeek: Caroline.Saucer@ambest.com)