Election Day May Spell Sweeping Changes to The Insurance Industry

The jobs of more than half of state insurance commissioners around the country could be on the line tomorrow. The results of the 2006 midterm elections is definitely going to have an impact on the insurance industry. The emerging winners from as many as 30 different state elections for governor, insurance commissioner, congressional seats and attorney general spots may result in big changes of state insurance commissioners either because they are directly elected or because appointments are controlled or influenced by the governor. The greatest change may be in the Midwest states. It is safe to assume that not all … Continue reading →

Why Would Anyone Become An Insurance Agent?

As a retired insurance agent I don’t remember one time where I sold a policy and heard the clients say, “Oh, this purchase was so wonderful let’s go out to dinner and celebrate.” I did have a few high risk drivers who had to provide proof of auto insurance I was able to make happy by finding insurance they were eligible to purchase. The closest thing to “celebrating insurance customers” were those young drivers who had already wracked up a few speeding tickets. I am sure car salespeople, and real estate agents have watched as their clients signed on the … Continue reading →

AM Best The Insurance Information Source.

With most major purchases, consumers consider the reputation of the company they choose to do business. Buyer beware is one thing but, understanding the financial stability of your insurance company may be a completely different story. The average consumer wouldn’t have the first clue about what to look for, or why it matters when investigating the stability of an insurance company. Insurance agents are aware of the largest and longest-established company in business to provide in-depth reports and financial-strength ratings about insurance companies and organizations. The publication and database, “Best’s Insurance Reports,” publishes the largest coverage of insurers and reinsurers … Continue reading →