OK Rochambeau... I blew my cover! Yikes. But these aren't rants, they are TRUTH. It is inconceivable to me that Corporate State Farm in Bloomington is allowing their "captive" agents to open independent agencies "on the side" so blatantly as... next door, the next floor, or an adjoining office. Look, I just called the State Farm listed phone number of a recently RETIRED or FIRED State Farm agent. The letter that went out from the "retired/fired" agent indicated he was "moving on to new ventures". This SF agent was about 10 years established and probably about late 30's for age. His SF agency probably had close to 10 mill in TOTAL PREMIUM (he had good connections for plenty of 4521's over the years)... Why would you RETIRE form $1mill/year or more gross income in your late 30's? Anyway, he did "RETIRE", but... as I digress, when I called his State Farm listed Phone Number... the number was picked up by the INDEPENDENT AGENCY which was operating by his borther in law, right down the hall. Guess what... all of his existing State Farm book, especaially the State Farm Mutual Auto... is being HEAVILY marketed by his Independent Agency and being written away form the other State Farm agents that got these accounts transfered (4521'd) to their books.
How can State Farm corporate be so nieve? It seems like all of the State Farm Agents in FL have INDEPENDENT AGENCIES "on the side". If it's OK in Florida, EVERY STATE FARM AGENT in EVERY STATE should have an Indepenent Agency on the side, to LEVEL the playing field against Bloomington. When Bloomington realizes that ALL of the AUTO, LIFE and HOMEOWNERS could be ROLLED right over to the "Captive" State Farm Agent's INDEPENDENT AGENCY... Corporate will most surely back off on the requirements for: Life/Financial Services, etc... as corporate will have LOST CAPTIVE CONTROL of thier STATE FARM AGENT. Of course, if this recently "RETIRED", young SF Agent was really FIRED, then Bloomington has finally figured it out and I'm sure...more terminations will follow. But don't expect those 4521's to go uncontested.