PROBABLY EXPLAINS WHY THEY BACKED OUT FROM ENTERING THE KENTUCKY AUTO INS. MARKET AT THE 11TH HOUR LAST YEAR AFTER THEY WENT THROUGH THE APPOINTMENT PROCESS, FILED RATES, ETC.
I am a NC Independent Agent. Am I worried? Not really. This is due to the fact that while GMAC is one of the companies we write with, it’s not our only company that we write business with. If the premiums start to become an issue I’ve six other carriers that would be glad to take the business.
The people I have sympathy are the captive agencies in FL for Allstate and State Farm. In a commision based business such as insurance, writing solely for companies that decline to issue new policies and are looking to withdraw from the market may require that you find a new job soon…
We have updated our privacy policy to be more clear and meet the new requirements of the GDPR. By continuing to use our site, you accept our revised Privacy Policy.
This doesn’t look good. If GMAC falls to a B rating, I don’t know that it will end there without having to seek cash from somewhere.
Other thoughts?
PROBABLY EXPLAINS WHY THEY BACKED OUT FROM ENTERING THE KENTUCKY AUTO INS. MARKET AT THE 11TH HOUR LAST YEAR AFTER THEY WENT THROUGH THE APPOINTMENT PROCESS, FILED RATES, ETC.
Glad I am not a North Carolina Independent Agent!
I am a NC Independent Agent. Am I worried? Not really. This is due to the fact that while GMAC is one of the companies we write with, it’s not our only company that we write business with. If the premiums start to become an issue I’ve six other carriers that would be glad to take the business.
The people I have sympathy are the captive agencies in FL for Allstate and State Farm. In a commision based business such as insurance, writing solely for companies that decline to issue new policies and are looking to withdraw from the market may require that you find a new job soon…