Comments on: Citizens Insurance Chair Wants To Sell Off Policies

By: JIM W

JIM W — Fri, 15 Jul 2011 22:02:49 +0000

This is @ Carl. I understand what your saying but it would not work that way and you know it. Why would an insurance company want all that risk and have to reserve all that money to not make profit. It’s no different that if you were working for a company. You would want them to make profit so they could pay you and the other bills and taxes they owe so why any different. You obviously do not have a lot of respect for either the insurance company’s or agents. I would like to see you have to study as had as agents satying current on contract law and rules and regulations. It is a constant and the reason they do is to serve you. If an agent want a raise they have to sell more unlike punching a clock and taking a pay check home. No riding of the books there and they are constantly having to fight competition at the same time. They also have to be marketeers and business people if they own an agency right along with being a boss and so on. You think its easy then jump in there and see what it’s like. If you do I wish you luck because you will need all you can get. Don’t judge all agents or agency’s by some bad experience that you may have had. For the most part all these people work hard for what little percentage of money they get and are honest. Most of which will go out of their way to take care of you beacuse they know you work hard for the money as they do. Just saying.

By: Carl

Carl — Fri, 15 Jul 2011 00:40:57 +0000

Yea but if you look at the insurance companies as a whole they are making a nice profit. Maybe only the top people in the companies are making all the money I am not sure. Maybe all the insurance companies need to be not for profit and any money left over at end of year goes back to policy holders. Doesn’t hurt to dream and oh yea insurance agent if you do not like people getting upset about insurance rates going up then…get another job. (but I didn’t yell)

By: Jim W

Jim W — Thu, 14 Jul 2011 20:30:24 +0000

I am in agreement with “Insurance Agent” after having spent almost 38 years in the business. I can assure you it’s not the agencies who controll the cost of the premium. In fact the agency’s are making less money now than they did 30 years ago on a percentage bases of commission. The agent or agency is one of the first places the insurance company hits when trying to reduce the cost. However, you don’t see the CEO’S get pay decreases or it’s employees. The other thing you have to remember is the cost of replacement and the liability is higher than it has ever been in history of our nation. So, for it to cost more just makes common sense. You can try and lay blame anywhere you want but that is the facts. Don’t get me wrong I don’t like paying more for insurance either but I do understand the underwriting of it and it’s cost. If you want to blame someone maybe you need to look else where for it is certainly not the agent or agency. Infact if they want a raise or more profit the answer they get is to go out and sell more. Problem is they are havng to sell more and making less with higher over head. Another significant problem with insurance is the ampount of false claims made by it’s policy holders which seem to think they are owed something no matter what. When that happens we all pay for it as it has to be indexed in as a part of the cost as well. So it’s not just yu who is getting hit it is all of us. Just saying something to think about and it is factual!

By: insurance agent

insurance agent — Thu, 14 Jul 2011 17:18:32 +0000

i am a insurance agent and NO the agencies not make the RATES and you will be SURPRISE how much the agencies makes off of policies …and as far as if you make a claim or not DON’T matter its statewide…I just get sick of people thinking its the agencies makes all of the rates and rules …IF YOU DON’T LIKE THE RATES IN FLORIDA MOVE

By: Jane

Jane — Thu, 14 Jul 2011 15:51:06 +0000

And as private insrurers raise rates more people will be forced to use Citizens because they can’t afford to insure their homes any other way. Isurance agencies charge too much, make too much money as it is. Even if you never made a claim your rates just go up and up! Some people just don’t insure their homes and walk away when something happens.