Tuesday, August 31, 2010
Changes are in the air..........
I would be kidding myself if I didn't recognize the changes coming in my industry. I have worked for the past 10 years in an industry that's ever changing based on regulation coming from both Washington and Atlanta. Every time you get comfortable with how things are, it changes. I would have to be blind not to see the panic set in with those in my industry. Some are changing industries, some are waiting it out to see what changes come about and then make a decision. It is all about compensation. How will agents be compensated? Well, the way it works now- I find the best policy at the best price for you and am compensated by the insurance company we place you with. If the insurance companies pull all sales operations in house, then insurance agents will either go to work for the company or become a paid consultant. It will redefine our industry and create a whole new level of cost for the employer. I have no idea what's coming and anyone who says they do is lying because I've seen it change even since the new legislation has passed. Oh well. Am I worried? A little. But then again, maybe not. We'll see.
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