DOes anybody else remember companies growing at breakneck speed…then after a year pulling out just as fast, or faster?
Hopefully companies and agents have a date or two that develops into a serious long-term relationship…not many things happen that fast and last, don’t you agree?
Almost nothing good happens with companies that have a rapid growth strategy. Any agent looking at this company should be wary since they could be here today and gone tomorrow. If they write too fast, they can outstrip their reserve position and get into claims problems. I also would never appoint with a company that doesn’t already have a contingency bonus plan to offer.
As usual no Phone number in article, or What states they
write IN, “Beware the Jabberwocky” promising to be Nice to
Insurance Agencys Appoint 100 and keep 3
It will be interesting to see the details of the plan, if they will cover high risk drivers: People with multiple DUIs, new drivers, tickets, at fault accidents, etc.
If they are looking at flow from agents on business normally going to Excess/Surplus Lines, that tells me something about them that they are not a true Standard Market. Some of that business deserves to be where they are because it involves more risk and this company isn’t big enough to stand losses associated with riskier business. This sounds like a scam to me.
I appreciate the opinions expressed and invite anyone who has questions concerning AIC’s current product offerings, growth strategies, or loss experience to please give me a call at 800.896.6884 Ext 7479.
Ah, such negativity. Any company could be here today and gone tomorrow. Management screws up in multiple ways. Companies fail for many reasons– it is actually rare for a company to grow too fast. This is an opportunity– if you aren’t interested, fine, but why discourage other agents who might find it in their interest to check it out?
Hey Ross– Pathetic. In the time it took you to complain about the article you could have Googled it and found the phone number yourself. Don’t be so lazy. If I were the company, I wouldn’t want an agent who needs to be spoon-fed a phone number. BTW, you also complained but the article mentions the states where the company is looking for agents. I wouldn’t want an agent who can’t read either. Did you get up on the wrong side of the bed or are you always so negative?
Accident’s a good company. I think some of us are getting the wrong idea about the 100 agents in 100 days. I’m sure Accident does want to grow fast, but their appetite is not a ‘snatch and grab’ like we saw over the last couple decades in Florida. They have a specific type of risk in mind and have good underwriting discipline, they’re not CAT exposed and they’ll avoid writing garbage. They just want a wider channel to get their type of risk in the door.
Roger, your mom didn’t raise any fool and neither did mine. Any agent who doesn’t analyze and use common sense before appointing with a company like this deserves whatever trouble comes their way. We look at all our carriers and even the ones used by MGA’s for Excess Surplus lines to see what their Best rating is, what are assets, Combined, surplus etc. They have to be A rated and been in business for a while and have some assets before we will use them.
Do you think they will write all that good coastal property down there? I think they should be able to take all those beach houses on stilts and the multi million dollar mansions all up and down both coasts.
They may have a lot of takers among the Allstate, State Farm & Farmers guys who have had big issues with their captive contracts. Many have formed Independent Agencies on the side.
“It has plans to develop a profit sharing plan.”
Well, since they’re not apparently being set up as a mutual carrier, I suppose they’re talking about new contingency agreements.
No wonder why theyr’re not writing in NY / CT. Maybe they don’t expect too many issues from uneducated insureds.
DOes anybody else remember companies growing at breakneck speed…then after a year pulling out just as fast, or faster?
Hopefully companies and agents have a date or two that develops into a serious long-term relationship…not many things happen that fast and last, don’t you agree?
Almost nothing good happens with companies that have a rapid growth strategy. Any agent looking at this company should be wary since they could be here today and gone tomorrow. If they write too fast, they can outstrip their reserve position and get into claims problems. I also would never appoint with a company that doesn’t already have a contingency bonus plan to offer.
As usual no Phone number in article, or What states they
write IN, “Beware the Jabberwocky” promising to be Nice to
Insurance Agencys Appoint 100 and keep 3
It will be interesting to see the details of the plan, if they will cover high risk drivers: People with multiple DUIs, new drivers, tickets, at fault accidents, etc.
If they won’t, Progressive will – for a price.
If they are looking at flow from agents on business normally going to Excess/Surplus Lines, that tells me something about them that they are not a true Standard Market. Some of that business deserves to be where they are because it involves more risk and this company isn’t big enough to stand losses associated with riskier business. This sounds like a scam to me.
I appreciate the opinions expressed and invite anyone who has questions concerning AIC’s current product offerings, growth strategies, or loss experience to please give me a call at 800.896.6884 Ext 7479.
Thank you,
Jon Beckham
Accident Insurance Company
Ah, such negativity. Any company could be here today and gone tomorrow. Management screws up in multiple ways. Companies fail for many reasons– it is actually rare for a company to grow too fast. This is an opportunity– if you aren’t interested, fine, but why discourage other agents who might find it in their interest to check it out?
Hey Ross– Pathetic. In the time it took you to complain about the article you could have Googled it and found the phone number yourself. Don’t be so lazy. If I were the company, I wouldn’t want an agent who needs to be spoon-fed a phone number. BTW, you also complained but the article mentions the states where the company is looking for agents. I wouldn’t want an agent who can’t read either. Did you get up on the wrong side of the bed or are you always so negative?
Accident’s a good company. I think some of us are getting the wrong idea about the 100 agents in 100 days. I’m sure Accident does want to grow fast, but their appetite is not a ‘snatch and grab’ like we saw over the last couple decades in Florida. They have a specific type of risk in mind and have good underwriting discipline, they’re not CAT exposed and they’ll avoid writing garbage. They just want a wider channel to get their type of risk in the door.
Another A- carrier with 11 “million” in policy holder surplus with a 113% combined is now getting into high risk E&S and WC! Good luck!!
Roger, your mom didn’t raise any fool and neither did mine. Any agent who doesn’t analyze and use common sense before appointing with a company like this deserves whatever trouble comes their way. We look at all our carriers and even the ones used by MGA’s for Excess Surplus lines to see what their Best rating is, what are assets, Combined, surplus etc. They have to be A rated and been in business for a while and have some assets before we will use them.
Dear Insurer: Please come to Florida. You will sign 100 agents up in 10 minutes!
Do you think they will write all that good coastal property down there? I think they should be able to take all those beach houses on stilts and the multi million dollar mansions all up and down both coasts.
They may have a lot of takers among the Allstate, State Farm & Farmers guys who have had big issues with their captive contracts. Many have formed Independent Agencies on the side.