Safeco and Costco Partner to Offer Business Insurance in Test States
National News • May 7, 2008
Costco and Safeco are offering business insurance to businesses that are Costco members, effective May 2008.
According to information on Costco's Web site, Costco business members may secure up ...
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Subject: RE: Much Ado About Nothing
Posted On: May 7, 2008, 3:04 pm CDT
Posted By: Local Agent
Comment:
Because it is a loyalty thing. You sweat building a book; they brow beat you to produce; they spend hundreds of thousands if not millions from the revenues you produced for them so they can set up a competitive distribution mechanism.
How many remember that Travelers then owned by Citigroup spent $150 million setting up a website and marketing campaign? By the time they folded the project 18 months later, they had sold a mere 400 policies. Hows that for good value? But they still brow beat their loyal agents to produce while squandering that kind of cash. It's sort of a disconnect that they should be fawning over their agents capabilities where for relatively little expense their agents can out-sell even their mighty marketing campaign out of a single local office!
Subject: RE: Much Ado About Nothing
How many remember that Travelers then owned by Citigroup spent $150 million setting up a website and marketing campaign? By the time they folded the project 18 months later, they had sold a mere 400 policies. Hows that for good value? But they still brow beat their loyal agents to produce while squandering that kind of cash. It's sort of a disconnect that they should be fawning over their agents capabilities where for relatively little expense their agents can out-sell even their mighty marketing campaign out of a single local office!