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News - Axa draws the line over broker commission rises.
(From Post Magazine)
Byline: Ralph Savage.
Axa Insurance could be set for a stand-off with commercial brokers in 2007, after its chief executive said commissions can go no higher.
Speaking to Post after announcing the insurer's annual results for 2006, Peter Hubbard said the current situation was 'unsustainable' and that the time had come for insurers to refuse further increases in broker commissions.
"At some point this year, the economic realities dictate the commercial market will have to either put prices up, or refuse to increase commissions any more.
"If you were an end customer, it's not a very compelling proposition to hear we will put prices up simply to obtain more profit," he said. "Premiums are not going up and the amount of profit available is static. As brokers consolidate, they have had ...
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Inbev is putting the price of draught and bottles of Stella Artois, Beck's and Tennent's lager up by about 3p a pint, as brewers hike their prices for the second time this year. In two weeks' time Carling and Grolsch will also see 3p added to a pint. Copyright: Centaur Communications Ltd. and
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Homeowners who want to sell their houses in today's market continue to amaze me with their rationale on pricing. I was visiting relatives in North Carolina during the Thanksgiving holiday when an old friend told me she was hoping to sell her house in the next few weeks. After she and her husband
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Byline: John Stucke Jan. 13--A former U.S. attorney from Seattle will be hired to scrutinize and put a price on about 140 sex-abuse claims in the Catholic Diocese of Spokane bankruptcy. In court records filed Friday, attorneys working on the case unanimously agreed that Kate Pflaumer should be
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...was more good news ahead. -- That Chubb's standard commercial combined loss ratio (excluding catastrophes) would improve in...was more good news ahead. -- That Chubb's standard commercial combined loss ratio (excluding catastrophes) would improve in...
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- Xoft to Present at the 26th Annual JPMorgan Healthcare Conference.
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...clinical results at the 10 initial clinical sites and more than a dozen commercial sites that have committed since we went commercial. Combined with strong awareness among the oncology community and the recent establishment of Medicare payment for Electronic Brachytherapy...
