New IIABNY Chairman Warns Insurers Favor Cost over Coverage

The new chairman of Independent  Insurance Agents & Brokers of New York (IIABNY) warned following his election Friday that insurers are often focused on holding down costs rather than providing coverage and service in a practice that may earn the industry a terrible public perception.Neal L. Sullivan, president of Sullivan Financial Group in Mahopac, N.Y., told agents at their annual business meeting and conference in Rye Brook, N.Y., that marketing auto insurance based on price jeopardizes the ability of consumers to protect themselves and their families.Sullivan, a certified public ...