Chairman’s Message on Commissions

To our valued clients,  

Recently there has been such publicity  surrounding the insurance industry compensation practice known as a “Contingent Commission”.

Contingent commissions have been a standard increase industry compensation method for over 50 years. They are designed by insurance communities  to provide incentive to their agents and brokers to maintain and grow their relationship with clients that have a profitable risk profile. In general, insurance companies budget up to 2% of their written premium to provide for these incentives in lieu of an increased commission on the annual premium. This compensation is standard industry practice for many property casualty lines of coverage including personal lines (homeowners and auto), small and middle market business commercial lines. Most insurance companies do not include programs designed for large employers in these compensation programs.

Virtually all property and casualty agents and brokers including Rose & Kiernan, currently participate in these plans. We do not feel that these agreements have ever compromised our ability to recommend the best insurance solutions for our clients. The employees of Rose & Kiernan who have the responsibility to negotiate and bind insurance coverage with the insurance companies we represent are salaried insurance professionals that receive no incentive compensation based on their carrier relationships.

Following this message is a listing of all insurance carriers that have such plans with Rose & Kiernan. We remain committed to the disclosure of our insurance company compensation agreements, and welcome any questions or comments from our valued clients. We also commit that any future changes in our compensation methodologies will be promptly disclosed.

Thank you for allowing us to serve your insurance needs.

John F. Murray, Jr. Chairman and CEO


Rose & Kiernan, Inc. Contingent Commission Agreements

Rose & Kiernan, Inc. currently maintains contractual relationships with over 300 Property & Casualty and Employee Benefits insurance companies, wholesale brokers, managing general agencies, managing general underwriters, and specialty underwriting facilities. The companies listed below represent those companies with whom Rose & Kiernan, Inc. currently has contingent commission agreements in effect. As these arrangements are subject to periodic change, Rose & Kiernan, Inc. updates this list to reflect the current status of our contingent commission arrangements. Should you have any questions regarding these agreements please contact our corporate office at 1-800-242-4433.

Acadia Insurance Company
Andover Companies
Capital District Physicians Health Plan (CDPHP)  
Central Insurance Cos.  
Chubb Group of Ins. Cos.  
Cincinnati Ins Cos.  
CNA Ins. Cos  
Crum & Foster Insurance Group  
Empire Blue Cross Blue Shield  
Encompass (Allstate Insurance Group)  
Erie & Niagara Insurance Association  
Farmers Insurance Group (Zurich Financial Services Group)  
Fireman’s Fund (Allianz of America)  
Foremost Insurance Co. (Zurich Financial Services Group)  
GHI (Emblem Health)  
Great American Property & Casualty Group  
Hanover Insurance Companies  
Harleysville Insurance Group  
Hartford Insurance Group  
HCC Surety Group  
MEMIC  Merchants Insurance Group  
MetLife Auto & Home Group  
National Grange Mutual (Main Street America Group)  
Netherlands Ins Co. (Liberty Mutual Insurance Companies)  
New York Central Mutual  
One Beacon Insurance Group (White Mountains)  
Peerless Ins. Co. (Liberty Mutual Insurance Companies)  
Philadelphia Insurance Cos.  
PMA Insurance Group  
RLI Corporation  
SAFECO Insurance Cos. (Liberty Mutual Ins. Cos.)  
Security Mutual Insurance Company  
Selective Insurance Group  
Sterling Insurance Company  
The Guarantee Company of North America USA  
Unum Life Insurance Co.  
Utica National Insurance Group  
Wausau (Liberty Mutual Insurance Companies)  
Zurich Financial Services Group