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IABA |
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While Travelers "has been a little more vocal--there are more press releases and postings on their Web site," Chubb has been "very quiet and focused" in making its business decisions about commissions, noted Debra Perkins, executive vice president for the Independent Insurance Agents and Brokers of America. In California, IBA West is affiliated with the Independent Insurance Agents and Brokers of America (IIABA). Both plans are designed to pay agents about the same as they would have received in the past through contingent commissions, but would be based on a broker's past performance, instead of future business produced, said Robert Rusbuldt, chief executive officer of the Independent Insurance Agents and Brokers of America. |
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