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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.
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| 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 |
| Back to article | ||



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