Hardly a day goes by without the industry press covering an employee lawsuit, usually involving a salesperson, where a competitor has poached key people. “Poaching” typically means that the new employer enticed the employee(s) to leave in violation of the employee’s contract. Sometimes the suit involves entire teams. One recent headline described how one broker poached 140 employees at one time from another broker! That would hurt! Often, the new employer is sued along with t

Around 10 years ago, I told an audience of insurance distributor associations that their lobbying efforts were poor to complete failures. The industry had failed, completely, not partially, to prevent banks from entering the industry (which did nothing but mess up the industry further because of their incompetence in running agencies). They failed to prevent the ACA (which definitely decreased commissions and created a concentration of risk for a large proportion of agencies)

The legal standard of care requiring that insureds read and  understand their insurance policy is absurd. The typical standard for written communications with the average consumer is to write at an 8 th -grade level or lower . Insurance policies, however, are legal contracts. To read and understand an insurance policy requires more than an 8 th -grade level of reading ability. It is unreasonable to place the burden on the average consumer that they must read (i.e., have a dut