Search found 49 matches
- Wed Oct 12, 2016 10:24 am
- Forum: Opinions
- Topic: Trying to purchase an independent agency; but issues..
- Replies: 5
- Views: 17470
Re: Trying to purchase an independent agency; but issues..
Obviously get in writing whatever exit requirements are in force before you sign onto anything. I bought a book of business that had some with a national carrier, but it was through a MGA. The exit requirements were not spelled out in the contract, but they fought like mad to prevent me from rolling...
- Mon Oct 10, 2016 10:24 am
- Forum: Hard-to-Place Accounts
- Topic: Agent Compensation Ideas
- Replies: 11
- Views: 32114
Re: Agent Compensation Ideas
I'd just refer you to the previous thread (which I assume you've already read) about Travelers. Needless to say, we're not happy with our own companies cutting our legs out from underneath us. If Company A cuts our commission by 33% and company B has not, guess who is going to get the less profitabl...
- Wed Oct 05, 2016 10:22 am
- Forum: Opinions
- Topic: Travelers reducing commissions
- Replies: 69
- Views: 254461
Re: Travelers reducing commissions
I agree with the others. Currently, there is still a good opportunity to earn a very good living if you own your own agency. You can still be pulling in multiple 6 figure incomes even with medium to small sized agencies, but it probably won't be there in 15-20 years. So that's why I'm bumping up my ...
- Fri Sep 30, 2016 10:12 am
- Forum: Opinions
- Topic: Travelers reducing commissions
- Replies: 69
- Views: 254461
Re: Travelers reducing commissions
The "Alamo" moment was in fall of 2013 when Travelers announced this. If agents, as a collective group, would have had a "sack" then to stop writing in mass, perhaps that would have changed where we are today, who knows. Or at least put off this reduction. Once thing is for sure...
- Thu Sep 29, 2016 10:38 am
- Forum: Opinions
- Topic: Travelers reducing commissions
- Replies: 69
- Views: 254461
Re: Travelers reducing commissions
Reviving this thread back from 2013. Looks like our predictions have come true. Travelers was the first to do it, now in the past 6 months three more standard lines companies have announced their new commission rates, citing "..as market trends continue to shift." So, to those who continue...
- Mon Dec 21, 2015 7:51 am
- Forum: Opinions
- Topic: Banks - Unfair Trade Practices
- Replies: 6
- Views: 52120
Re: Banks - Unfair Trade Practices
Sounds like time to make a phone call to the Dept of Insurance. Scoundrels.
- Mon Nov 02, 2015 11:59 am
- Forum: Opinions
- Topic: Agency Management System
- Replies: 243
- Views: 2849768
Re: Agency Management System
sgriswold - I just signed up for Catalyst and we're still in the data conversion phase. I'm glad to hear your impressions on it. I think it will work out great for us, as we're mainly a smaller P&C (Personal lines) agency. I was with AgencyPro, which is not web based. So it had to be hosted by a...
- Fri Oct 09, 2015 10:13 am
- Forum: Opinions
- Topic: New Agency Management System
- Replies: 8
- Views: 54929
Re: New Agency Management System
gforaker - You are totally right, I didn't read the OP's post closely enough. Catalyst wouldn't be a good fit for a primarily commercial lines driven agency.
- Wed Oct 07, 2015 10:15 am
- Forum: Opinions
- Topic: New Agency Management System
- Replies: 8
- Views: 54929
Re: New Agency Management System
We're moving from AgencyPro (AgencySoftware) to QQCatalyst by QQSolutions. It blew me away with its capability. Only drawback is we're having to move our accounting to Quickbooks because QQ Catalyst doesn't have its own general ledger/accounting system.
I'd look into Catalyst if I were you.
I'd look into Catalyst if I were you.
- Mon Aug 10, 2015 11:01 am
- Forum: Opinions
- Topic: Insurance companies gouging agents.
- Replies: 9
- Views: 51877
Re: Insurance companies gouging agents.
D's insurance store...at least you have motivational speaking as a natural talent once our industry fails. :wink: I do agree with your comments though, its important to align yourself with the companies that value our work (for the time being, because it can change in a heartbeat). Like yoyowordup m...
- Fri Feb 13, 2015 11:33 am
- Forum: Opinions
- Topic: Take the Harford "Agent's Challenge"
- Replies: 28
- Views: 65304
Re: Take the Harford "Agent's Challenge"
Kbrooks I'm surprised you're glad to have them with Travelers. Travelers is the company we're getting rid of because of their new reduced commissions auto product and the general philosophy that indicates.
- Thu Jan 22, 2015 11:34 am
- Forum: Opinions
- Topic: Take the Harford "Agent's Challenge"
- Replies: 28
- Views: 65304
Re: Take the Harford "Agent's Challenge"
LTG, my, you have a cavalier attitude. Actually, I disagree with you. This IS a Hartford issue, and is an issue with every company that openly bones the agency channel. Yes, Progressive has a different rate structure for direct vs. agent. However, they do not jack up the agency channel rate by 27% ...
- Wed Dec 10, 2014 12:08 pm
- Forum: Opinions
- Topic: ACA/ObamaCare Open Enrollment 2015
- Replies: 12
- Views: 28871
Re: ACA/ObamaCare Open Enrollment 2015
Me personally, I haven't missed a single commission payment on any policies. I have heard of some others have a few problems though.
- Thu Nov 20, 2014 3:00 pm
- Forum: Opinions
- Topic: ACA/ObamaCare Open Enrollment 2015
- Replies: 12
- Views: 28871
Re: ACA/ObamaCare Open Enrollment 2015
Haha no problem.
I'd ask them but as far as I know it should still work. You have to put in your NPN number, FFM user ID and password. So they link back to your NPN number and you get paid your commissions how you always get paid.
I'd ask them but as far as I know it should still work. You have to put in your NPN number, FFM user ID and password. So they link back to your NPN number and you get paid your commissions how you always get paid.
- Thu Nov 20, 2014 2:47 pm
- Forum: Opinions
- Topic: ACA/ObamaCare Open Enrollment 2015
- Replies: 12
- Views: 28871
Re: ACA/ObamaCare Open Enrollment 2015
Yes, so far is absolutely worth it and yes I'm on the $25 per app plan. Last year during open enrollment, there were several times that I thought to myself, "This isn't worth it." Dealing with healthcare.gov and BCBS. Hour long wait times, dealing with helping the consumer create a log in ...