[Whitley]

I'm sure there is someone here who is an insurance expert. Please, if possible, help me to understand. To obtain insurance we do not go to the provider, we go to an agent who then sends out requests (effectively blocking, which I will explain in a moment) to multiple providers and obtain quotes. Once a provider gives a quote on a property to an agent, they will not provide a quote for that property to a different agent. This suppresses competition from agents. It is important to see the request for a quote sent to the provider by the agent as many times I have found errors which resulted in higher premiums. So now we have quotes from one agent that he obtained from providers. The providers will then reinsure the policy with another provider like Minich, Swiss or Everest reinsurance. SO, we, the end user go to an agent who goes to a provider who goes to a reinsurance company. Is it necessary to have an agent. I know they make good money, as the one I deal with has several Tesla's, multiple homes, and wears Brioni. I can understand that we are not large enough to go to the final step, a reinsurer, but why can we not go directly to the provider, eliminating the agent. It can not be that he/she negotiates for lower rates better than we can. It is the agent's best interest when rates go up. X% of 1m is better than x% of 100k.