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WASHINGTON, Nov. 14, 2011 /PRNewswire-USNewswire/ -- Consumer Watchdog joined national consumer groups to mobilize members today and demand that state insurance commissioners reject a proposal to increase health insurance industry sales commissions and profits at the expense of individuals struggling to pay for insurance. Consumer Watchdog called on state insurance regulators to allow the public to participate in a closed conference call scheduled for Tuesday to consider the insurance industry-sponsored resolution. The resolution would remove broker pay from the medical loss ratio rule of the federal health reform law and cost consumers nationwide an estimated $1.1 billion in premium rebates. It would render meaningless the requirement that companies spend 80% to 85% of health premiums ...
Online home shoppers may now view all houses listed on southeast Wisconsin's premier listing service, not just those guaranteeing full commissions to realty agents. In a potentially significant policy shift, Metro Multiple Listing Service will begin publicizing deals that don't guarantee listing brokers full sales commissions on public Web sites such as www.realtor.com, company spokesman Peter Shuttleworth said Thursday.
It's a labor law meant to protect salespeople, their companies, or both. It's championed by both sellers and managers, or neither. And it's going to change the face of sales commissions in New York. Or not.
A meeting with a controversial evangelist sparked David Petersen's passion for character building, an investigative magazine reports, but allegations related to his own character sparked a search of his office last month and possible criminal charges against the Republican state treasurer. Meanwhile, an official of Character First! told Arizona Capitol Times the treasurer was paid $4,000 in commissions for selling the organization's instructional materials to public schools.
The implications of the oft-cited statistics that only 30% of the area's residents affected by storms Katrina and Rita had flood coverage depend on the viewpoint of the statistics presenter. It makes little sense for an agent whose income is solely or primarily derived from insurance sales commissions to deliberately underinsure anyone. If underinsurance occurs, it usually represents gross stupidity, not criminal intent. Brochures, interviews, phone calls, e-mail signature tags, newsletters, post cards and Post-it notes must all make clients aware of key risks. Promoting flood insurance should not be a one-time event but a way of life.
Retailers buffeted by a rough economy are responding with a strategy designed to keep their fixed costs down: putting more salespeople on commission pay. Commission pay plans, in which employees are paid a percentage of the dollar value of what they sell, are making a comeback as retailers brace for recession.
... "(e.g., $9.00/hour and commission of 5% of sales per each item sold by employee)." The Notice must...)." When an employee receives commissions, bonuses, piece rates or the like that supplement ...
Tim Storm, an Illinois businessman until a few weeks ago, is now a Wisconsin businessman. Herewith a story about how states can reduce revenues by trying to increase them, and about the economic benefits of federalism. Storm, 42, is founder and CEO of FatWallet.com. The company, until recently one of about 9,000 Illinois "affiliates" of Amazon.com, directs online shoppers to online retailers, which often pay affiliates commissions for referrals that result in sales. Storm's company, which has 54 employees, used to be located in Rockton, Ill., but now is five miles up the road in Beloit, Wis.
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