Step Away From That Button!!
Posted on November 17th, 2011
There was a long time before my website and blog took off where I was, like most other independent life insurance agents out there, stuck trying to get the most bang for my buck out of purchased life insurance leads.
Ten years ago I could spend $20-$25 per lead for impaired risk life insurance prospects. I would call them up and introduce myself, ask how I could be of assistance, etc. They were actually expecting a call from an agent. We would have a productive conversation and I would shop their case and within a few days I would send out quotes. Back then I would occasionally have a lead say that they really didnt mean to submit the request for quotes but I would say that 3 out of 4 were good leads and 2 out of 4 applied and were issued policies.
Groupama Insurances names corporate claims director
Posted on November 15th, 2011
Groupama Insurances, a UK-based general insurer, has appointed Darren Wills as corporate claims director to focus on the development of its claims strategy.
In his new role, Wills will be responsible for claims development, all technical claims teams, including large and complex loss, as well as the counter fraud team.
Wills will report to Groupama Insurances managing director Laurent Matras.
Wills joined Groupama Insurances in January 2007 as claims planning & performance manager, before moving in to the role of Head of Claims Development in January 2011.
Matras said this new role has been created to work hand in hand with the operational teams which remain the responsibility of the Personal and Commercial Lines Directors.
Tags: Claims Director, Corporate Claims, Corporate Claims Director, Director
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Tire Blowout & Car Accident Prevention
Posted on November 12th, 2011
Tire blowouts are a major cause of car accidents every day. It’s amazing that something so simple as an underinflated tire could destroy a life. According to the NHTSA (National Highway Traffic Safety Administration), 660 fatalities and 33,000 injuries occur every year due to low tire pressure related crashes.
- 73% of drivers don’t check the spare tire’s pressure.
- One in four cars on the road has significantly underinflated tires.
- Every month, 3 in 4 drivers wash their cars, but only 1 in 7 correctly checks their tire pressure.
29% of drivers wrongly believe that the best time to check their tire pressure is after they’ve been driven and are warmed up. The Rubber Manufacturers Association notes that over 85% of drivers don’t check their tire pressure properly.
Are you positive that you know how?
Properly checking tires means checking at least once a month - before tires have been driven even a mile – and inflating them to the vehicle manufacturer’s recommended pressure, not the pressure listed on the tire sidewall. Yo
RIM sued for breach of contract by Blackberry customer
Posted on November 8th, 2011
The Canadian telecommunications company Research in Motion (RIM) is reportedly being sued by Blackberry customers in Canada and the US for ‘breach of contract’.
In the lawsuit, RIM, which provides the wireless solution for Blackberry devices, is accused of being responsible for the recent global outage on the network, which left users without internet service, email and instant messaging access for up to four days.
The complaint states:
“It [RIM] has not compensated consumers on a prorated basis for such loss of use, while knowing full well that Blackberry users pay a monthly fee to their wireless service providers for data services and that they were deprived thereof.”
Even though Research in Motion has offered affected customers a free software package worth $100, the company could need to rely on its professional indemnity insurance to cover compensation payments.
Full Post…
Know more about the types of commercial general insurance providing companies
Posted on November 8th, 2011
Business owners may require security and coverage in case their employers or business equipment gets damaged due to an accident or calamity. A commercial general liability insurance coverage protects you and your business if an untoward incident strikes you suddenly where someone gets injured during working hours at the premises of your company or even if a part of your property gets damaged. Many businesses that offer the general liability insurance services offer this insurance coverage along with a property insurance policy as well to ensure that your business is entirely protected. Full Post…
How to Choose the Right Life Insurance Company
Posted on November 5th, 2011
When you get quotes for life insurance from your local agent or from a life insurance quote website, how do you know which life insurance company to choose? On the LifeInsure.com website, for instance, you might see quotes from 6-10 life insurance companies on the quote page. Should you select the least expensive quote or one from a company name you are familiar with?
We always recommend selecting the least expensive quote from an A-Rated (or higher) life insurance company. All term life insurance policies are quite similar, so the benefits are all going to be basically the same. Term insurance is very simple you pay your (level) premiums for a specified period of time (the term) and if you should die during that time period, your beneficiaries will receive the death benefit of the policy. One rarely compares the features of a term policy, so it always boils down to price and company rating.
I often speak to people who like to choose a company they have heard of. I cant fault someone for having that consideration. If having the name of a company you are familiar with printed on your policy makes you feel more comfortable, I totally understand. However, if the premium is significantly higher than the same policy from another company, especially one that has higher financial rankings, I will point that out to my clients. As we dont work with any companies with a lower A.M. Best rating
Tags: Company, Insurance Company, Life Insurance, Life Insurance Company
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Quarter of a trillion pounds worth of mortgages unprotected
Posted on November 4th, 2011
Four in ten mortgage holders in Britain (41%) do not have their contributions covered by life insurance, the report from Sainsbury’s Life Insurance found.
It suggested that there are nearly seven million people, with a collective outstanding mortgage balance of £245bn, who have no life insurance to cover their mortgage and provide support to their dependents in event of their death.
On average, those who pay towards a mortgage and are not covered by life protection are currently personally responsible for an outstanding balance of over £36,000.
Many of those in age groups who are likely to have dependants are leaving themselves unprotected.
The research showed that 33% of 35- to 44-year-olds and a similar number (30%) of 45- to 54-year-olds do not have life insurance to protect their mortgage payments.
Helen Williams, head of Sainsbury’s Life Insurance, warned that being unprotected could have serious implications.
“Mortgage repayments are one of the biggest financial commitments in many peoples’ lives but, as our research shows, unfortunately it is not something that enough mortgage holders have taken steps to protect,” she said.
“We would urge anyone who doesn’t have life insurance to consider taking out a policy, and those who do and have moved to a bigger house to make sure it is updated to reflect their mortgage commitment,” she added.