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AIG Crisis Highlights the Need for Insurance Professionalism

National News • October 10, 2008
American International Group's meltdown may serve at least one (if not more) positive purpose: spotlighting the difference between the insurance professional and the non-professional. Insurance ...

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Subject: Insured's have lowered their expectations...

Posted On: October 10, 2008, 3:04 pm CDT
Posted By: Gill Fin
Comment:
why else would they forsake education and the concept of need? First and foremost for many is 'who is the cheapest?'. How
else do you explain the growth of Geico?
Their motto is 'give us 15 minutes and we'll save you 15%'. Obviously, with the growth Geico has experienced it certainly strikes home with many. Do you think the public would respond similarly to an ad that proclaimed 'buy insurance from us, we have completed 15% more continuing education?'. How about this slogan 'we are 15% more ethical than our competition?' No, that won't bring them over either.

For myself, I don't need more continuing education to sell auto, home, life and health. I know my states contracts better than most agents. I just need to keep trying to insulate my book and continue to grow by administering myself and my staff to always try to do the right thing by clients. If we err, at least with that approach we don't have to question our starting point.

When I started in this business, a longtime agent told me that our work requires us to have a service persons heart. I have never heard a better job description, at least for the way I will always try to do it.
Subject Posted By Posted On
Seriously?? Donna
Oct 14, 2008, 6:31 pm
AIG rosemary
Oct 14, 2008, 1:36 pm
AIG & Ins Professionalism rosemary
Oct 14, 2008, 1:19 pm
RE: You've got to be kidding me... Stat Guy
Oct 13, 2008, 2:36 pm
RE: RE: Some Additional Thoughts Stat Guy
Oct 13, 2008, 2:23 pm
RE: RE: You've got to be kidding me... Dustin
Oct 13, 2008, 12:42 pm
RE: You've got to be kidding me... Obama bin Biden
Oct 13, 2008, 9:16 am
RE: You've got to be kidding me... Matt
Oct 13, 2008, 8:46 am
Commerical Lines Not Profitable Scooby
Oct 12, 2008, 3:33 pm
RE: Insured's have lowered their expectations... wudchuck
Oct 11, 2008, 9:07 am
RE: You've got to be kidding me... Insurance Youth
Oct 10, 2008, 10:41 pm
You've got to be kidding me... The Dude
Oct 10, 2008, 8:31 pm
RE: RE: Dr. Ruth Gill Fin
Oct 10, 2008, 4:21 pm
RE: Dr. Ruth Dr. Ruth
Oct 10, 2008, 4:16 pm
RE: Dr. Ruth Insurance Youth
Oct 10, 2008, 3:50 pm
You hit the Nail on the Head! ~Vee
Oct 10, 2008, 3:16 pm
RE: RE: Some Additional Thoughts Reverend-CPCU,CLU,FLMI
Oct 10, 2008, 3:05 pm
Insured's have lowered their expectations... Gill Fin
Oct 10, 2008, 3:04 pm
RE: Some Additional Thoughts Cheminsurance
Oct 10, 2008, 2:46 pm
It's up to us. Proud Ins Professional
Oct 10, 2008, 1:51 pm
RE: RE: Some Additional Thoughts Hard Market
Oct 10, 2008, 1:37 pm
This is so true! fenkazl
Oct 10, 2008, 1:34 pm
Professionalism Bill Rabel
Oct 10, 2008, 1:21 pm
Insurance Professionalism Dr. Ruth
Oct 10, 2008, 1:11 pm
Great comments Mongoose
Oct 10, 2008, 12:45 pm
RE: Professionalism Dedicated Insurance Girl
Oct 10, 2008, 12:32 pm
AIG -- or PIG Suzie Q
Oct 10, 2008, 12:30 pm
RE: Professionalism That's Right Big Dog
Oct 10, 2008, 12:30 pm
RE: Some Additional Thoughts That's Right Big Dog
Oct 10, 2008, 12:28 pm
RE: Some Additional Thoughts Risk Averse
Oct 10, 2008, 12:28 pm
Professionalism Insurance Professional
Oct 10, 2008, 11:24 am
Some Additional Thoughts Big Dog
Oct 10, 2008, 9:52 am
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