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Integrity Marketing is buying up some of the largest IMO's in the history of the industry... nothing like this has ever happened on the independent side of the business.
They've recently acquired large agencies like Family First Life and Your Insurance Group.
It is reported that this year they will PLACE $2 Billion in premium.
There are roughly 1 million insurance agents in America. Its reported that Integrity has 230,000 contracted agents. That means there is a high chance that you are contracted with Integrity (or a subsidiary) and may not even know it.
How will this effect the independent model, and do you think the carriers will capitalize on this?
Assurant (Independent Agency in Telesales) just sold for over $2 Billion to Prudential.
What we are experiencing is unprecedented in our industry.
They've recently acquired large agencies like Family First Life and Your Insurance Group.
It is reported that this year they will PLACE $2 Billion in premium.
There are roughly 1 million insurance agents in America. Its reported that Integrity has 230,000 contracted agents. That means there is a high chance that you are contracted with Integrity (or a subsidiary) and may not even know it.
How will this effect the independent model, and do you think the carriers will capitalize on this?
Assurant (Independent Agency in Telesales) just sold for over $2 Billion to Prudential.
What we are experiencing is unprecedented in our industry.