How can contingency fee deals be reconciled with the producer’s ethical obligation to clients? That’s the latest “Question of Ethics” being posed to NU’s readers by our ethics columnist, Peter Kensicki, a professor of insurance at Eastern Kentucky University, as well as a member of the CPCU Society’s Ethics Committee. Read on for more details about this ethical challenge and how to respond, both in this blog and directly to Prof. Kensicki.

Prof. Kensicki notes that many agents–that is, those who represent insurers by contract–believe they act primarily in the interest of the insured. This “dual agency” status–representing both insured and insurer–presents many potential conflicts of interest for a producer.

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