So how many of you are running into this as of lately?
My agency is about 90% commercial lines and we specialize heavily in the contracting industries. So I call two of the major concrete companies here inUtah (will not name names) only to find out they are owned by the same company and insured by the same agency...with a little prying on my part with one of the office managers I discover they are insured through an owned agency... In other words they have written their own business and are collecting commissions off of their own premiums and I can guarantee you the agent of record is not one of their office producers.
I am at a loss for words... I run into the old "my bro insures mybusiness or my son-in-law is my agent" a ton of times and that does not bother me because I have a few myself, but never have I heard "WE OWN OUR OWN AGENCY AND WRITE OUR OWN POLICIES" wow.....
And I thought Utah's controlled business regulations were enforced???
Or maybe I am wrong... I do not presume to know it all... this just does not sit well with me...
My agency is about 90% commercial lines and we specialize heavily in the contracting industries. So I call two of the major concrete companies here inUtah (will not name names) only to find out they are owned by the same company and insured by the same agency...with a little prying on my part with one of the office managers I discover they are insured through an owned agency... In other words they have written their own business and are collecting commissions off of their own premiums and I can guarantee you the agent of record is not one of their office producers.
I am at a loss for words... I run into the old "my bro insures mybusiness or my son-in-law is my agent" a ton of times and that does not bother me because I have a few myself, but never have I heard "WE OWN OUR OWN AGENCY AND WRITE OUR OWN POLICIES" wow.....
And I thought Utah's controlled business regulations were enforced???
Or maybe I am wrong... I do not presume to know it all... this just does not sit well with me...
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