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Like MONY, AXA uses the career agent system.
MONY relies on the "career agent system" to sell its insurance, as opposed to a centralized, advertising-based model.
The career agent system employs salespersons in offices throughout the country who actively solicit business for MONY.
Starting in 1990, Allstate began winnowing its career agent force by hiring only independent contractors to sell its insurance without providing health insurance, pensions and other benefits.
When Mr. Taylor, who lives in Boston, learned that federal authorities were looking into the Afghan contract, he turned to Robert Lustyik, the agent with the Federal Bureau of Investigation in New York, enticing the career agent with the promise of wealth in exchange for his help quashing the investigation, prosecutors said.
Though the Stockholders assert these problems were due to mismanagement, there is substantial testimony in the record indicating that the problems actually stemmed from the Company's demutualization in 1998, general weakness in equity markets, and the costs associated with its career agent system.
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At the outset of their career, agents in the New York area earn roughly sixty-five thousandollarsrs.
By the fall of 1999, only about 6,500 career agents with full benefits remained in a sales force of 15,200.
One wonders what FBI Director Christopher A. Wray, the career agents working under him and the larger Justice Department community think of the smear.
Allstate has experienced a setback in the long-running dispute over its efforts to convert its career agents into independent contractors to streamline its business and cut costs.
C1 Setback for Allstate The Equal Employment Opportunity Commission determined that Allstate violated federal laws against age discrimination when it tried to convert its career agents into independent contractors to cut costs.
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