Insurance Business

Latest Comments

• 7/17/2018 3:23:27 PM Tims comment isn't too far off but he's missing a key ingredient that most successful agencies are incorporating into the mix today. The ones that use outbound calling in addition to digital and direct mail. Its education, service, and a pledge of commitment from the business owner, before you bind the account. It's a two-way street and the good agents/producers that are not going after lowing hanging fruit or referrals that may not be underwriting friendly are changing the shoppers into loyal, high retention clients. The cool part about this is the accounts are not just the right size commission but also the correct class of business to match their carrier appetites before the first dial or connection is even made. Oh and by the way just because circumstances and the stars didn't align for the account this year doesn't mean you can go after in year two or three. Bottom line here is it works but you have to work as well no primadonnas allowed.

• laughingtree369 7/17/2018 9:21:26 AM So I got hit by a lady who claimed to have nationwide. She's actually insured by National General. They'll offer you $0. 33 on the dollar and claim that it's fair. They'll also tell you point-blank that they don't replace what they're insured destroys. I found both of North Carolina's assemblyman for my area. They can't bother to call you back. So basically get hit by someone who runs a red light and then runs and they want you to pay for 2/3 of the accident because they have something called actual cash value which is extremely damask valuation. I believe they do this by including any and all sales of the vehicle models including those that are totaled or sold at auction that are no longer running. So with a $6, 000 value car you have several that have gone to auction for three for $500 bringing your values down. They call it fair. They're crooked and have no integrity.

• G.F 7/17/2018 8:08:29 AM Nationwide is claiming ownership of their captive agents’ books of business? Business that the captive agents spent many years of time, money and effort to build? Now they are forcing their captive agents to accept a new agency contract that requires them to pay for the book of business they, in many cases, spent a lifetime to build? Legal question: Nationwide is a mutual company, where policyholders hold ownership of their own policies. How can Nationwide management sell that policyholder ownership to others?

• Tim 7/17/2018 12:29:25 AM You spent $28k and wrote an account with $280k in premium and that's your huge win? I'm assuming that's a workers compensation policy pay 10% commission so you broke even first year before expenses. And the retention on telemarketer business is not good.

• AGNWL 7/16/2018 10:33:59 PM Starting about 20-25 years ago Nationwide decided to mimic Allstate. They hired Allstate failed agents and managers into management positions & began to imitate Allstate in many other ways. It didn't take too long to for people, especially Nationwide agents to see where this was going,---and it went!