Search found 350 matches
- Mon Apr 18, 2016 10:25 am
- Forum: Opinions
- Topic: Agent no legal duty to inform on cancellations?
- Replies: 37
- Views: 261310
Re: Agent no legal duty to inform on cancellations?
I have actually told a client who was perpetually late, in cancellation status, we had rewritten the policy several times, was always making changes...the last time I told him I was no longer interested in rewriting his business. His premium had been decent initially but as his finances started to ...
- Mon Feb 29, 2016 11:47 am
- Forum: Hard-to-Place Accounts
- Topic: She gave me proof of insurance, but I am NOT insured...?
- Replies: 10
- Views: 66141
Re: She gave me proof of insurance, but I am NOT insured...?
One of 2 things is going on- she either did in fact fail to "book" the account., or is simply stealing- 1- Notify the Insurer and demand a claim investigation- what she gave you may be legally binding on the Insurer- but you need to seek advice of counsel to verify that ultimately. BUT- y...
- Mon Feb 22, 2016 11:40 am
- Forum: Opinions
- Topic: Liability exposure co-signing for auto loan
- Replies: 3
- Views: 40446
Re: Liability exposure co-signing for auto loan
Snarky editorial comment: I never ceased to be utterly amazed at the number of times I'm confronted with this kind of situation as an insurance agency owner from presumably intelligent people who co-sign and go on title for relatives, employees and friends and then act amazed that they become respon...
- Wed Feb 17, 2016 11:37 am
- Forum: Hard-to-Place Accounts
- Topic: She gave me proof of insurance, but I am NOT insured...?
- Replies: 10
- Views: 66141
Re: She gave me proof of insurance, but I am NOT insured...?
You need to make one final phone call threatening to go to your state's insurance regulatory authority, and if you don't get a quick response, look up the consumer complaint area of the insurance commissioner's office and tell them your story. There are just all kinds of discrepancy issues here and ...
- Tue Oct 27, 2015 10:23 am
- Forum: Hard-to-Place Accounts
- Topic: Franchise Agencies
- Replies: 4
- Views: 35571
Re: Franchise Agencies
Pardon my ignorance, but when you use the term 'franchise' agency, are you speaking of a captive arrangement, most notably demonstrated by an Allstate, State Farm, Farmer's or Nationwide business model, or are you referencing a group type MGA relationship, where you pay an entry or ongoing fee, have...
- Fri Oct 23, 2015 10:20 am
- Forum: Hard-to-Place Accounts
- Topic: Air B & B - California
- Replies: 5
- Views: 30776
Re: Air B & B - California
You can do nothing and pretend you never had the conversation with the homeowner. Then, everything's fine until there's a claim. Or, you could just make the effort to find a Vacation Rental policy for that guest house. There are a couple of admitted markets or a vast surplus lines marketplace for dw...
- Thu Oct 22, 2015 10:26 am
- Forum: Opinions
- Topic: Ringless Voicemail Leads
- Replies: 6
- Views: 56150
Re: Ringless Voicemail Leads
You need to start with the premise that EVERY lead company professes to be the best, with the highest contact rate, the lowest bad lead count and the easiest to get credit for bogus leads. I'm the one responding here, so you now need to accept my premise that from my experience in California, ALL pa...
- Tue Aug 11, 2015 10:31 am
- Forum: Opinions
- Topic: Insurance companies gouging agents.
- Replies: 9
- Views: 50844
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 ...
- Fri Aug 07, 2015 10:33 am
- Forum: Opinions
- Topic: Insurance companies gouging agents.
- Replies: 9
- Views: 50844
Re: Insurance companies gouging agents.
http://www.appund.com sucks and would pay even less commission than any direct appointment. How would that help? MGA's and cluster groups can only realistically be used to fill isolated gaps where direct appointments are non existent. I think those of us who've been around for decades tend to forge...
- Mon Aug 03, 2015 10:35 am
- Forum: Opinions
- Topic: Insurance companies gouging agents.
- Replies: 9
- Views: 50844
Re: Insurance companies gouging agents.
Your only action is to be nimble in the marketplace and take full advantage of your independent status and thank your lucky stars you're not a captive. Use your comparative rater to figure out who might be more competitive in the risk categories you're exposed to and pursue other appointments. None ...
- Fri Jul 24, 2015 10:46 am
- Forum: Opinions
- Topic: I was hired as CSR; now owner demands I be a producer
- Replies: 16
- Views: 96698
Re: I was hired as CSR; now owner demands I be a producer
Thanks everyone. An interesting tidbit is that I am the only one who has sold any commercial policies in this office and when I did, the very next day I was yelled at for not "spending too much time with a client" and not "being nice" in an email to someone who can't bother to c...
- Mon Jul 13, 2015 10:31 am
- Forum: Opinions
- Topic: I was hired as CSR; now owner demands I be a producer
- Replies: 16
- Views: 96698
Re: I was hired as CSR; now owner demands I be a producer
No job comes with guarantees anymore. The agency principal has no obligation to check with you before changing the definitions and you have no obligation to rent your talents to a shop that doesn't provide a work environment that you're looking for. Life is way too long to be miserable in a job or t...
- Tue Jun 23, 2015 7:58 am
- Forum: Opinions
- Topic: Going Independent without going the Captive Route
- Replies: 13
- Views: 67027
Re: Going Independent without going the Captive Route
Should we expect the fate ( money up in smoke) to be the same if we get started as an insurance franchisee? My understanding is that a new agent can be trained and assigned if we are part of an insurance franchise. There are several companies doing this now. Thanks. Look, what you're missing is the...
- Mon Jun 22, 2015 10:41 am
- Forum: Opinions
- Topic: Going Independent without going the Captive Route
- Replies: 13
- Views: 67027
Re: Going Independent without going the Captive Route
I think you've got two options here...the first: Get licensed, find an office location, put up a sign, call a handful of companies and get some appointments, take out a large yellow page ad, join the chamber of commerce, join a service group like rotary, sponsor a little league team, sign up all you...
- Fri May 29, 2015 10:36 am
- Forum: Opinions
- Topic: Farmers Insurance
- Replies: 167
- Views: 382757
Re: Farmers Insurance
Of the people on here that posted back in 2009....who is still around as a Farmers Agent? 6 years later I am still standing proud and making a heck of a lot more money than I did back then :) The captive system, commonly thought of as Farmer's, State Farm, Allstate and a handful of others, still wo...