Insurance Business

Latest Comments

• Jsc 4/20/2018 11:57:56 AM Completely agree. We are in this dilemma as well. It is ridiculous to expect us to work as hard as we do for free....I’m wondering why I’m even in this business considering commissions are drying up. People have NO IDEA the sacrifice we make.....thoughts of year end make us nauseous starting in January and we dread it all year. Things have GOT TO CHANGE.

• Bruce 4/20/2018 10:49:01 AM Well said. It is a discount or incentive, not unlike good student discounts, which are proven through actuarial studies to correlate to fewer claims. Teachers are frequently offered discounts, but you won't hear politicians ranting and exaggerating about them. It is to stay within the PC standards, and the educated (known as "privileged" in the PC world) are an easy target.

• 4/20/2018 9:22:17 AM Why is it that people lobbying to change insurance company practices always speak in hyperbole? From the article: "There’s something wrong when the fact that someone who has a four-year college degree that lives next door to the same car, same driving record gets to pay half the rate of somebody who doesn’t have a four-year college degree." I'm not in New Jersey, and don't know the exact details of the credit, or how it varies from company to company, but I can call BOLOGNA on the above quote. A 50% credit for having a four year degree (especially without regard to the type of degree) is simply not a thing.

• 28 year promise broken 4/19/2018 5:07:54 PM Yes, Tipsord really screwed a lot of tenured employees over. This change in the company’s core values is hard to take for many. It’s especially brutal when you consider we are still so financially strong. The path we are taking may be suitable for a company on its last dying breath but I understand State Farm is worth several billion dollars. We can afford a more “gentle ” path to our ultimate goal. The recent expedited approach to closing field offices seams unnecessary and almost sadistic. I don’t know how Micheal Tipsord or his cronies sleep at night. Speaking of which, where is Michael these days. Could the rumors be true?

• Marty 4/19/2018 12:53:15 PM I disagree. E&S is writing more standard business than ever before. The standard carries have priced their way out of many Main street businesses. I am writing more E&S business now than ever before in my 30 years at this.