It Figures

February 8, 2009

37,500

The number of number of independent agencies nationwide, according to the “2008 Future One Agency Universe Study,” sponsored by the Independent Insurance Agents and Brokers of America, Trusted Choice and several carriers.

$10.3 Million

Amount that should be saved annually as a result of fee reductions taken by the California Department of Insurance. The reductions also include a 6 percent fee reduction for more than 300,000 licensed insurance agents, brokers and adjusters charged by CDI. The most common fee is paid by agents, brokers and adjusters for their licenses. Going forward, the cost of renewing a license will decrease from $144 to $135. The total savings for license renewals will be $3.5 million annually.

1857

Year the the Carrizo Plain section of the San Andreas fault felt a massive earthquake that had an estimated magnitude of 7.9.

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