40% rate increase in IL

[Northeast Agent]

DonP said:

Theres no question with United's shocking earnings another huge round of termed plans coming in 2026

A friend who works for them said they have a big meeting on May 8th, due to the stock tumbling. She's expecting another reorg, at the very least.

 

[DonP]

DonP said:

Theres no question with United's shocking earnings another huge round of termed plans coming in 2026

A friend who works for them said they have a big meeting on May 8th, due to the stock tumbling. She's expecting another reorg, at the very least.

So we're seeing mass upheaval everywhere . United was the rock the whole time and is now being hit. Very real questions of how this will effect plans,agent comp,overrides ,marketing money for 2026? What business that is cutting costs because plans are performing badly pays the same commission to acquire new business ? Will there at the very leads be tons of non commissionable plans in 2026? United never liked the agent and could easily not care about fallout and cut it deep. Expect an even crazier 2026 aep

 

[wolf5150]

Eh, that's fine. ACE, Medico, Bankers, still very competitive in Illinois.

 

[somarco]

I have never seen a 40% hike but carriers that pulled out of the state (for new business) have handed out 20% increases. One carrier gave TWO increases in the same year but I don't believe the combo exceeded 20%.

 

[rmhaire]

Eh, that's fine. ACE, Medico, Bankers, still very competitive in Illinois.

Might want to hold up on that ACE recommendation. Some of us are getting term letters due to their new product roll out.

Might want to talk to your upline.

 

[wolf5150]

Might want to hold up on that ACE recommendation. Some of us are getting term letters due to their new product roll out.

Might want to talk to your upline.

Ok, good to know. I'll definitely be asking them about this.

 

[SamIam]

Might want to hold up on that ACE recommendation. Some of us are getting term letters due to their new product roll out.

Might want to talk to your upline.

What does that mean, they won't be brokering their new product?

 

[rmhaire]

What does that mean, they won't be brokering their new product?

Chubb is sending out termination letters effective in July. I received mine last week. Several other agents I know as well.

I sent a copy to my upline asking why because no reason was given and I knew it wasn't for lack of production.

I've been told that their new product, due out this summer, is between ACE and Integrity. I've been told this by two different Integrity FMOs but with very little details.

 

[Medicare bro]

Chubb is sending out termination letters effective in July. I received mine last week. Several other agents I know as well.

I sent a copy to my upline asking why because no reason was given and I knew it wasn't for lack of production.

I've been told that their new product, due out this summer, is between ACE and Integrity. I've been told this by two different Integrity FMOs but with very little details.

No wonder I got a quarterly bonus from Ace through Integrity.

 

[rmhaire]

No wonder I got a quarterly bonus from Ace through Integrity.

The scary part is that Integrity is about to go into the insurance business. Not just as the FMO but as the company.