I can't agree more, I'm sure all brokers will agree.
However, at least in NY, they have been cutting our commissions/overrides/admin fees left and right. Brokers/agencies are dropping like flies, GA's are struggling and merging in order to make ends meet. Carriers have literally said (at packed out NAHU meetings no less) "We don't need you. If it was up to me, we wouldn't pay you anything. You should be grateful we still give you $5 PCPM". That's the sentiment we get here.
Web brokers are sitting back raking in cash with books that dwarf almost anyone in their prime. They could care less if they get 1% or a $5 flat fee. They're still profitable at that level.
Carriers think they can do the same thing.
However, at least in NY, they have been cutting our commissions/overrides/admin fees left and right. Brokers/agencies are dropping like flies, GA's are struggling and merging in order to make ends meet. Carriers have literally said (at packed out NAHU meetings no less) "We don't need you. If it was up to me, we wouldn't pay you anything. You should be grateful we still give you $5 PCPM". That's the sentiment we get here.
Web brokers are sitting back raking in cash with books that dwarf almost anyone in their prime. They could care less if they get 1% or a $5 flat fee. They're still profitable at that level.
Carriers think they can do the same thing.