Having Agents On Board

To The Editor:

Regarding your May 12 editorial comment (“Who’s Watching The Board?” on page 40), ignorance in insurance company boardrooms as outlined by Massachusetts regulators was most interesting, especially in view of CALPERS’ fuss last year about an alleged conflict of interest presented by having agents on the board of Cincinnati Insurance Company.

Atlantic Mutual began a practice some years ago of having an agent serve a one-year term on their board of directors, specifically to bring the agents’ perspective to the other members of the board. I was privileged to serve in that capacity for one year and (I was told) the members learned a great deal about how the company’s products were distributed.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.