Allstate cuts agent pay again, creatively: The insurer's latest cost-cutting gambit entails making agents pay for reinsurance that Allstate buys.

Autor:	Daniels, Steve
Předmět:	REINSURANCE WAGE decreases BUSINESS enterprises INSURANCE companies HOMEOWNERS insurance
Zdroj:	Crain's Chicago Business; 8/28/2023, Vol. 46 Issue 34, p6-6, 1p
Abstrakt:	Other than the reinsurance deductions, the documents describe other cuts beginning next year for all but the top agents in the U.S. - a category Allstate labels "elite", believed to apply to about a quarter of agents. Allstate has discovered a novel way to reduce its agents' pay for the insurance policies they sell. [Extracted from the article]
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