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The deal puts CVS in several new markets, including Seattle, Denver and Portland, Ore. CVS will pay $20 million to $25 million in annual rent to Target for the pharmacy and clinic space, CVS Chief Financial Officer Dave Denton said. Follow USA TODAY reporter Nathan Bomey on Twitter @NathanBomey.
A captive agent at Allstate might make 10% off of an initial sale of a homeowner's policy. An independent agent who sells that same Allstate policy might make 15%. This may not sound like a big difference, but if you write $500,000 in premiums in a year, it's a difference of $25,000 to your salary. Going forward, independent agents' renewal commission percentage normally stays the same.