Competing agent committing fraud?

[Indy guy 99]

Hi guys!

new user here. I recently joined an independent brokerage as a producer.

I have a large referral network established but I've been running into a problem recently.

every time I quote a customer there's a competing agent who's quoting the same customer but giving a price 50 to 100 bucks cheaper.

I'm verifying everything on the app is correct with the customer and writing the same limits. So what could be causing this?

could the other agent be lying on the application? If so what should I do?

 

[adjusterjack]

every time I quote a customer there's a competing agent who's quoting the same customer but giving a price 50 to 100 bucks cheaper.

With the same insurance company? Or with a different insurance company?

 

[goillini52]

Hi guys!

new user here. I recently joined an independent brokerage as a producer.

I have a large referral network established but I've been running into a problem recently.

every time I quote a customer there's a competing agent who's quoting the same customer but giving a price 50 to 100 bucks cheaper.

I'm verifying everything on the app is correct with the customer and writing the same limits. So what could be causing this?

could the other agent be lying on the application? If so what should I do?

Are you comparing apples to oranges? Are you quoting whole life and he's quoting term?

 

[AcemanX007]

Is it a captive agent? Ive seen situations where captives get cheaper rates.

 

[AcemanX007]

Although not $100 cheaper...

 

[Indy guy 99]

Although not $100 cheaper...

Not captive. Another Indy and both quoting with progressive. The customer had a provisionals license but I think he listed her as being licensed 3 years or more. That's just a guess. Or he screwed with the purchase date.

 

[Indy guy 99]

Are you comparing apples to oranges? Are you quoting whole life and he's quoting term?

I'm quoting apples to apples. It's an auto quote.

 

[Indy guy 99]

With the same insurance company? Or with a different insurance company?

Same company. Progressive.

 

[Markthebroker]

Are you comparing apples to oranges? Are you quoting whole life and he's quoting term?

This is a P&C forum, silly monkey. Or I guess now, I should just call you a bonehead.

 

[Markthebroker]

Same company. Progressive.

Progressive allows, and might I say by the way the quoting system is setup even incentivizes, quoting a risk without running MVR's. I've always found it unethical scammy, but there it is. That's the first issue that comes to mind, but there are many other problems with Progressive that other people can chime in about.