TRAVELERS PL — 45.9% Loss Ratio for 7 months

Travelers just released VIAA figures for July, 2013. $2,392,341           Written Premium 2,627,378            Earned Premium 1,206,131             Incurred Losses        45.9%           Loss Ratio 307,587            New Business 4,155            Policies in Force   Growth is negative but beginning to “bottom out”. If Loss Ratio continues there is be some nice bonuses. Your agency figures are on Net-Web.

McKinsey survey of over 17,000 people: Customer Satisfaction more important than Price

Survey Shows Insurers Better Served Focusing on Customer Satisfaction: McKinsey By Mark E. Ruquet, PropertyCasualty360.com July 25, 2013 • Reprints  A survey of auto insurance customers provides good news for insurance agents—and serves as a reality check for carriers who believe price should be the major focus of marketing campaigns. In its “2012 Auto Insurance Customer Insights […]

Insurance Journal Article on Market Conditions

Insurance Journal – 7/25/13   Prices Up Again in Q2 But Market Hardening May Be Moderating: The Council July 24, 2013 Commercial property/casualty pricing continued to gently creep upwards in the second quarter, however signs of some moderating of increases also surfaced. The Council of Insurance Agents & Brokers’ quarterly Commercial P/C Market Index Survey […]

Hobby farm opportunity with Safeco (MO and IL)

Safeco has become a major Strategic Partner for SIAA and VIAA.  They are writing more and more homes. Recently one of you was surprised at the opportunity to cover the farming exposure for some of their clients. Note: some farmers have high values in specialized equipment and buildings…they need a Farm-owners Policy. We hope this […]

Commercial Backoffice for All

Welcome to the VIAA blog. This is a way for VIAA and members to hear about new opportunities.   QUESTIONS: Are you focused on Commercial Lines, and find yourself falling behind on quotes, proposals, billing and claims issues? Do you specialize in Personal Lines but don’t want to pass up prospects for Commercial Lines? Are you new […]