John Garamendi, our state insurance commissioner, has requested that the state workers compenstaion rates be decreased by 15.3%. He previously sought rate decreases of 36.5%, but rates really only fell 26.8%. “They (insurance companies) are making whopping profits,” Garamendi said…
Posts Categorized In: Insurance Operations
Insurers Mistakes with Clients
My friend and fellow CPCU, George Wallace, one of the good guys in insurance defense work, just returned from a trip to the CPCU Annual Meeting. The annual meeting is always a fun place to go, meet new people, see…
How does your insurance agent get paid?
I have been asked in the past how the insurance agent gets paid. The easy answer: commission. Most insurance agents, whether they work for a captive company like State Farm or an independent agency or a broker, get paid a…