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Independent agents own and control their accounts, policy records, and renewals. If an independent agent’s contract with a particular insurance company terminates, the agent retains the rights to active accounts and may place them with another insurer. Competition exists between exclusive agents and independent agents.
Higginbotham was one of 35 independent brokers featured on the 2014 inaugural list of Elite Agencies published by Insurance Business America [6] 2014 Best Agency to Work For – South Central by Insurance Journal [ 11 ]
Independent insurance agencies can work with all types of companies, ranging from smaller regional companies to major national insurers like Progressive and Nationwide. An independent agent may ...
The IIABA has spent more than $1 million in 2010 in lobbying efforts on federal crop insurance, insurance licensing reform, and other insurance issues. [2]The IIABA supported the National Association of Registered Agents and Brokers Reform Act of 2013 (H.R. 1155; 113th Congress), a bill which would reduce the regulatory costs of complying with multiple states' requirements for insurance ...
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
Average cost of short-term car insurance. The average annual car insurance rate in the U.S. is $2,014 for full coverage, which includes optional collision and comprehensive coverage. In Texas, the ...
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