Home > Talkback
East News

Viewing comments for:

Mass. Insurance Agents Vow to Protect Right to Auto Policy Ownership

East News • May 20, 2008
Massachusetts independent insurance agents are unhappy about a state ruling that they believe erodes their ownership of their customers' auto policies and denies them proper payment on certain ...

Insurance Journal is not responsible for the content of the message below.

Subject: RE: MAIP RENEWALS

Posted On: May 21, 2008, 6:44 am CDT
Posted By: Rick
Comment:
Assumming one markets for auto insurance it takes approx 8 years to break even on an auto new business account at 10% commission. The life expectancy on a normal account is 9 years. Not much of a window to make a profit. High risk policies have a higher lapse rate and without renewal commission will create a loss for the agent. A smart agent will let his competitors handle this type of account. I would recommend referring them to the GEICO agency. Let them be encumbered with this type of crap.
Subject Posted By Posted On
RE: RE: MAIP RENEWALS Liz
May 21, 2008, 10:50 am
RE: MAIP RENEWALS Rick
May 21, 2008, 6:44 am
MAIP RENEWALS Bill CAMPBELL
May 20, 2008, 4:21 pm
Back to article

Post a Comment

.