Operating an Insurance Agency

30
May

Southern California Insurance Agents Arrested for Fraud – Lock Them Up!

California-based life insurance agents, Samuel Tadlock III, 32, of Eastvale, Marlene Ramirez, 42, of Murrieta, Daniel Herrarte, 34, of Sylmar, and Jorge Lopez Jr., 38, of San Fernando, were arrested this week on multiple felony counts of identity theft and grand theft after allegedly submitting fraudulent insurance applications with information from stolen identities to collect approximately $124,000 in unearned commissions

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19
Apr

When Did the Title Producer in Independent Agencies Become an Oxymoron?

I was in an agency this year and one of the Partners was explaining how their team hired 4 producers in the past 12 months and only one was still employed. He knew the remaining producer wouldn’t be there for long and it was back to the drawing board. We were hired to help the owners train new producers, but

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2
Apr

10 Content Ideas for April Compliments of Insurance Technologies Corporation ITC

Our friends at ITC posted a blog a few days ago with 10 Content Ideas for April. If you’ve never been to an insurance conference and aren’t familiar with ITC, they have several products for Agencies including a Comparative Rater, Agency Management System and an Email Marketing Solution that’ll knock your socks off. You should definitely check them out if

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20
Mar

It’s Time to Stop Thinking Like Independent InsuranceAgents and Start Acting Like Business Owners

Disruption, data-driven metrics, digital marketing, leads, consumer behavior and a plethora of new terms have entered our space over the past several years.Whether the latest blog, social media post, newsletter or industry conference, these are the terms everyone is talking about in our industry today.

14
Mar

What Cyber Insurance Industry Learned from 2017 Hacks

A recent article in Insurance Journal discusses what the Industry learned from 2017 hacks. he NotPetya, WannaCry and Equifax hacks of last year were evidence that the U.S. insurance industry has been ill-prepared to handle a large cyber attack and needs to up its game. However, as a consequence of the attacks in 2017, the industry and its customers may

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2
Nov

Insured Losses from California Wildfires Now at $3.3 Billion

As reported on Insurance Journal, the largest California insurers have so far reported more than $3.3 billion in insured losses from the October wildfire siege, now considered the most destructive fires in state history. Insurance Commissioner Dave Jones on Tuesday updated insured loss claims data provided by 15 major insurers for residential and commercial claims resulting from the October wildfires

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8
Oct

Update on California Agent Allegedly Took $100k From Employer and Clients

Insurance Journal posted a story in July about an agent that stole $100,000 from clients, credit card numbers and SSN’s. He deposited them in his mothers bank account. I’ve said this once and I’ll say it again – there needs to be a higher bar for people to obtain an insurance license. This is a shame and gives our industry

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8
Oct

How Independent Agencies Can Move Beyond Auto Insurance and Win Carrier Attention

Let’s face it, independent agency owners are easy targets. Ask most vendors that serve the IA channel about their clients and you’ll get an eye roll, a chuckle and a few good stories. We golf way too much, most of us don’t know how to run a business, and the carriers put up with us as a source of distribution

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8
Aug

California Department of Insurance Commissioner orders investigation of Wells Fargo and National General Insurance

SACRAMENTO, Calif. – Commissioner Dave Jones today ordered the California Department of Insurance to open an investigation into recent allegations that Wells Fargo and National General Insurance improperly charged consumers for “force-placed” or “lender-placed” auto insurance for consumers who had auto loans with Wells Fargo.

2
Aug

California Counties Lose Blue Cross on Obamacare Exchanges

This article first appeared on Insurance Journal. Anthem Inc., Cigna Corp., Health Care Service Corp. and Molina Healthcare, four of the biggest health insurers selling Obamacare plans, said they are weighing whether to pull out of more markets for 2018 rather than face financial losses. They have until Sept. 27 to finalize their plans. So far, 40 U.S. counties are

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