Tag: agency

21
Aug

Strategies for Selling Insurance Agencies under $500,000 in Revenue to Maximize Sales Price

At Ganis Consulting, we receive at least 15 inquiries every month from agency owners looking to acquire insurance agencies. They’re not all new, roughly 1/2 of them are repeat visitors checking in to see if we have new agencies available for sale. The clients we serve are sellers of insurance agencies under $1,000,000 in Revenue (not premium, Revenue or Commission

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10
Jun

California’s First Cannabis Business Owners Policy Approved by California Department of Insurance

California Insurance Commissioner Dave Jones has approved the first Cannabis Business Owners Policy in the State of California. The American Association of Insurance Services designed the new CannaBOP program for cannabis dispensaries, storage facilities, processors, manufacturers, distributors, and other cannabis-related businesses operating in the state.

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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17
Apr

Insurance Agency Mergers and Acquisitions in Q1 Hit 4th Highest Total per OPTIS Partners

There were 142 announced insurance agency mergers and acquisitions during the first quarter of the year, according to OPTIS Partners’ M&A database. It was the fourth-highest quarterly total, trailing only Q1-2017, Q2-2017 and Q4-2017.

13
Mar

How do I Sell an Independent Insurance Agency or Book of Business?

How do you Sell an Independent Insurance Agency or Book of Business? Over the past 12 months, our firm has received 32 buyer inquiries to every one seller, so sellers are in luck!The demand for small to medium sized standard or preferred agencies is greater than it’s ever been. Personal, Commercial and Benefits Agencies and Books of Business are in

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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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25
Oct

SOLD: California Mercury, Safeco, Travelers, Hartford Insurance Agency for Sale

Location: San Bernardino County, Ca. Agency Description: Gross Commission Revenue: 2016 – $495,000 Net Earnings/Cash Flow: $200,000 100% California Personal Lines Independent Agency Not dependent upon location, perfect FOLD-IN to buyer’s office Stable revenues and strong profits. One CSR Services Entire Book and would like to work with New Owner Good Loss Ratios, improved over past year due to preparing

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29
Jun

How Insurance Agency Owners Achieve Better Results by Partnering with their Vendors

I’ve worked in the insurance industry for more than 1/2 my life in retail, then 10 years consulting technology, marketing and other services. I’ve introduced 1,000’s of agents to technology partners, lead providers, insurance carriers, recruiters, bookkeepers; the list goes on and on. If there’s one thing I’ve learned throughout all of this time, is that insurance agencies demand excellence from

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7
Apr

Insurance Lead Provider Being Sued for Unwanted Text Messages

This Article first appeared on Legal Newsline and can be found by clicking here. LOS ANGELES (Legal Newsline) – A California attorney known for frequently filing lawsuits over unwanted telephone solicitations is at the center of a class action complaint alleging similar violations. Last week, Todd M. Friedman filed, as a plaintiff, a class action complaint in the U.S. District Court

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