4 ms·
That's the feeling I got. What is the point of continuing to service existing customers, including paying for the agents who no longer have any new business to
by bagacrap 3y ago
That's the feeling I got. What is the point of continuing to service existing customers, including paying for the agents who no longer have any new business to sign, if they aren't ever planning to reopen shop?
Do you know what kind of legislative changes they're hoping to make?
- rubyfan 3y agoAgents typically are responsible not only for generating new business but also servicing the policies they sell and they are compensated with commission for the life of the policy. Further, they didn’t close down the shop they just stopped putting a certain type of inventory on the shelf - they will continue to sell auto and other types of insurance that are less exposed to wildfire or are otherwise rate adequate.
- Kalium 3y agoState Farm does plenty of business in auto and other areas, so agents are not suddenly completely out of business.