Search found 144 matches

by kevinraz
Tue Sep 08, 2015 10:39 am
Forum: Hard-to-Place Accounts
Topic: Salary- CPCU
Replies: 29
Views: 131627

Re: Salary- CPCU

Wow. I spent 6 years with Hartford and my salary nearly doubled and only had the AU designation. I started below the median $65k and finished well above that...and I left Hartford 7 years ago. Current role: above the median plus a company car, have AU and CIC. This is telling me there are some low e...
by kevinraz
Tue Jun 30, 2015 5:36 am
Forum: Opinions
Topic: Becoming an underwriter
Replies: 6
Views: 35551

Re: Becoming an underwriter

I started my career on the agency side as a captive with Farmers Insurance. I then worked in two independent agencies (one a bank agency, the other a very large brokerage) before coming to the company side in 2002. I would suggest that you consider sticking it out with the agency side for a few year...
by kevinraz
Wed Nov 05, 2014 2:06 pm
Forum: Opinions
Topic: Minimum and Deposit Premium GL
Replies: 4
Views: 4049

Re: Minimum and Deposit Premium GL

Not just the E&S market does this on GL. If you have GL placed with a standard carrier but written in their high hazard area it's frequently has a minimum & deposit provision.

It should be made fairly clear on quotes and the policy.
by kevinraz
Wed Jul 30, 2014 10:52 am
Forum: Opinions
Topic: Why am I still an Agent?
Replies: 32
Views: 16647

Re: Why am I still an Agent?

(maxed out on characters) And I don't have any plans to go back to the agency side. I truly enjoy the insurance business, enjoy selling and am pretty good at it but the combined pressure of the "low price" ads and companies now selling their products directly is going to make it more and more diffic...
by kevinraz
Wed Jul 30, 2014 10:38 am
Forum: Opinions
Topic: Why am I still an Agent?
Replies: 32
Views: 16647

Re: Why am I still an Agent?

After reading all of this I'm glad I made the switch to the company side years ago. I started as a Farmers agent in the great state of Iowa. One of my early experiences was when Farmers put a moratorium on any new homeowners business in my area for a month or so while requiring the newer agents (lik...
by kevinraz
Tue Mar 19, 2013 10:32 am
Forum: Opinions
Topic: What is your biggest pain as an agent?
Replies: 45
Views: 44815

Re: What is your biggest pain as an agent?

Silly requests on COI's from people who think they know what they are doing. Examples: Requiring a 2/4 GL limit, nothing else, when insured carries 1/2 and a 5mm umbrella Requiring AI forms from decades ago when most carriers are no longer filed to use them Dealing with any public entity who wants t...
by kevinraz
Fri Feb 01, 2013 1:21 pm
Forum: Opinions
Topic: Farmers vs. Independent
Replies: 86
Views: 556125

Re: Farmers vs. Independent

I was a Farmers agent from 93-98 and I have a few positive comments: 1 Great training. Had an excellent DM at first, Chuck Marshall. He stressed excellence, knowledge & salesmanship. Training in KC RO was also very good - useage of products, how to sell life, positioning statement, etc. Lessons lear...
by kevinraz
Thu Jan 24, 2013 12:04 pm
Forum: Opinions
Topic: Farmers Changes Hiring Policies Re: Bankrupcy
Replies: 5
Views: 9638

Re: Farmers Changes Hiring Policies Re: Bankrupcy

Was an FIG agent from 1995-1998. Looked last year at the Farmers website...none of the agents who were with the company in my territory are still with the company. When I left after 3 years well under half were left. Left FIG and went to two other agencies then came over to company side, have been u...
by kevinraz
Wed Dec 12, 2012 11:27 am
Forum: Hard-to-Place Accounts
Topic: WC account Losses 189 X-mod hard class codes
Replies: 14
Views: 11441

Re: WC account Losses 189 X-mod hard class codes

The only way a standard carrier is going to write something with a mod of 1.89 is if they get top management sign off or if an underwriter disregards their authority letter. Remember there are two sides to this coin: they have a bad loss history and are not doing anything about it and they are also ...
by kevinraz
Wed Nov 14, 2012 11:54 am
Forum: Opinions
Topic: how to switch from agency side to corporate underwriting?
Replies: 8
Views: 8316

Re: how to switch from agency side to corporate underwriting

An underwriting assistant position is not a bad idea, but the pay is a lot lower. With some companies they rarely move assistants/techs to UW positions because they get very valuable at processing stuff but still the pay is not great compared to underwriting. Another idea - check out http://www.insu...
by kevinraz
Tue Nov 13, 2012 12:07 pm
Forum: Opinions
Topic: how to switch from agency side to corporate underwriting?
Replies: 8
Views: 8316

Re: how to switch from agency side to corporate underwriting

I've got the same story. Was on agency side for 5+ years before going to a company, had to relocate across the country to Charlotte NC to be at Hartfords center there. Be prepared and ready to move, mostly at your own expense the first time. Once you get in with a company they will probably pay for ...
by kevinraz
Mon Oct 08, 2012 11:13 am
Forum: Opinions
Topic: UW's Please Respond
Replies: 2
Views: 2822

UW's Please Respond

I'm wondering what other P&C underwriters think of an account I'm familiar with. The risk makes several types of products related to firearms/hunting/shooting sports: Handgun grips and stocks for rifles. Much of their work is custom grips for handguns. They also make sights and grips for bows and gr...
by kevinraz
Wed Jan 11, 2012 11:51 am
Forum: Opinions
Topic: Back Into Insurance
Replies: 2
Views: 1738

Back Into Insurance

Back in 2008 I decided to step out of the insurance arena & go into ministry. It's been a good run but I have kids going to college soon & need to start funding the 401k again so I'm looking to get back into the insurance industry. I'm doing okay at getting interviews but can't seem to land any offe...
by kevinraz
Wed Dec 08, 2010 3:34 pm
Forum: Opinions
Topic: Encompass VS. Kemper
Replies: 10
Views: 4571

Re: Encompass VS. Kemper

Encompass is no longer CNA and Kemper is no longer Kemper, now owned by Unitrin. You folks need to get on ambest.com and do some free research. Neither company has any bearing or relationship to what it was in the past. Read up on Unitrin because that's what you are getting. Encompass had a pretty l...
by kevinraz
Thu Dec 02, 2010 12:24 pm
Forum: Opinions
Topic: Privacy Law situation
Replies: 5
Views: 1607

Re: Privacy Law situation

Former underwriter here: Named Driver Exclusions are not used by many companies because they don't work. Some states don't allow them and when the going gets tough (big claim, injured kids, etc) the courts find a way around them to get to the money. Even when they do work the carrier still has to sp...