The Most Expansive Coverage Of Spitzer’s Insurance Probes And Lawsuits Is Now Available On InsuranceNewsNet.com

November 4, 2004 - Harrisburg, PA - InsuranceNewsNet.com, a leading online insurance news publication, announced today that it has expanded coverage on one of the most widely debated industry probes and lawsuits to ever face the Insurance Industry.  New York Attorney General, Eliot Spitzer’s actions and ongoing investigation into contingent commissions and the relationship between agents and brokers has already caused sweeping changes, and the lasting effects on the way the entire Insurance Industry conducts business has yet to be completely revealed.

"No one in the insurance industry is immune to these investigations that began with Commercial Insurance and have begun to spread to other areas, such as, Life Insurance, Employee Benefits, and Personal Lines segments of the industry.  When Eliot Spitzer says that his findings in the P&C industry are the tip of the iceberg, you can be assured that there is much more to come", says Paul Feldman, President of InsuranceNewsNet.com.

"We are in the midst of a major upheaval that has the potential to completely affect how the insurance industry conducts business with consumers, agents and distributors.  Everyone in the industry must remain informed on the issue and become proactively involved with legislators and the regulators", Feldman continues.

As the leading aggregator of insurance related articles, InsuranceNewsNet.com has posted over 800 articles to date that pertain to the ongoing investigation and lawsuits surrounding it, making it the most widely covered topic in the 5 year history of InsuranceNewsNet.com.

"The potential impact on consumer confidence is something that the industry must be concerned with", says Steve Wevodau, Managing Principal of WFG Capital Advisors, who owns InsuranceNewsNet.  Wevodau added, "The industry is in upheaval over the recent events that have wrought fear among many professional firms.  It is vital that all professionals remain on top of the most recent developments at a national and local level.  The recent developments put the industry in a position where it may ultimately face re-shaping of its entire compensation system". 

Insurance professionals, reporters and carriers can obtain information of full coverage of the topic by visiting InsuranceNewsNet (http://www.insurancenewsnet.com) or by visiting our special section dedicated to the topic: www.insurancenewsnet.com/cc.asp .

This area and many other pertinent industry articles are available exclusively to Insider subscribers.

About InsuranceNewsNet

Founded in 1999, InsuranceNewsNet.com, Inc. is a leading destination site for insurance professionals to read the latest breaking news and industry commentary. As a leading online publisher and news aggregator for insurance professionals, with over 12,000 sources InsuranceNewsNet offers one of the most extensive databases of articles available. Over 500,000 insurance professionals and insiders visit the site each month, making it one of the most popular resources available to the industry.

For further information contact:

Paul Feldman, President
InsuranceNewsNet.com, Inc.
[email protected]/ Tel: 717-780-7803
http://www.insurancenewsnet.com

Steven Wevodau, Managing Principal, WFG Capital Advisors
[email protected]/ Tel:  717-780-7802
http://www.wfgca.com