Tag: insurance broker

State Farm Insurance and other insurers slapped with Washington fines

H. Cutner
state farm insurance and insurer fines

The state’s insurance commissioner has issued the penalties to brokers and agents as well. Washington Insurance Commissioner Mike Kreidler has slapped State Farm Insurance, other insurers, agents and brokers with a number of fines throughout January. These fines totaled $15,000 and were issued for having violated the state’s insurance industry regulations. The largest fines the commissioner doled out were to State Farm Fire & Casualty Co. from Bloomington, Indiana. State Farm Insurance saw two thirds of the total fines from the Washington insurance commissioner. They were ordered to pay $10,000…

Read More

Internet or insurance agent – Will websites shut down neighborhood agencies?

Julie Campbell
Insurance Agent News

As more people go online to shop for and purchase policies, what will happen to professionals in this industry? Despite the fact that many large insurers are making it possible for consumers to shop online to purchase the coverage that they need, many still feel that the insurance agent still does – and will continue to – play a vital role in this industry and agencies won’t be headed anywhere for the next several years. In fact, at the same time that websites are offering more self-service features, more agents…

Read More

Insurance agents: Wake up and smell the competition!

Julie Campbell
Insurance agent consumer knowledge

In this consumer market, success is centered around the ability to know what you’re up against. Insurance agents and insurance brokers are subject to many of the same rules as any other small business owner, and when it comes to the current consumer market, this means that success is wholly dependent on boosting consumer awareness, customer service, and community and local knowledge. It is vital to get out into the community in order to enhance each of these integral elements. Right now, the consumer has no shortage of choices. The…

Read More

Insurance news focus is back on Tom Hanks as his broker receives 27 months

Julie Campbell
Insurance news Tom Hanks and Rita Wilson

After having scammed the Oscar winning actor and others, Jerry Goldman has now been sentenced. The insurance news spotlight is on Southern California, at the moment, as a broker from that region who scammed Tom Hanks and his wife, Rita Wilson, by hundreds of thousands of dollars is now facing a jail sentence of 27 months within a federal prison. This sentence was first issued to Goldman on Monday, when he found that he will be in jail for more than two years. Beyond the 27 month jail sentence making…

Read More

How to find the best options for auto insurance in Phoenix

Guest Author
Auto Insurance in Phoenix

Anyone who is looking for auto insurance in Phoenix will want to shop carefully. The wrong choice can be not only costly in terms of premiums but may not give the customer the right coverage. Full coverage or PL/PD? Policies fall into to two basic categories. Full coverage is the more robust package. It covers damage to the driver’s car in addition to the car of the other party. This kind is a requirement if the car is a fairly expensive or newer one as well as if the car…

Read More