Insurance Companies

I just passed the [California] State Exam [for my Property & Casualty license] on Jan. 20th and did my fingerprints the same day.
I called the Department of Insurance today and they said everything cleared they are just waiting on my fingerprints to clear.
How long does it usually take for fingerprints to clear?
Because I just got signed with an Insurance Company and I need to put my license number on the paperwork.
The guy I spoke with at the State Office said he ‘bumped’ me up and flagged my account to notify him immediately when the fingerprints clear so he can issue my license.
Approx. how long does the clearing of fingerprints usually take?
I mean, how long does it take for the Department of Insurance to receive notification that my fingerprints cleared?

They clear your fingerprints faster than they process your test results. I think I had mine in about ten days – the actual license.

I have an interview for an MI Analyst role at Axa Corporate Solutions (UK). I have never worked in the insurance industry, and my knowledge of this area is quite bad.

I’ve looked at the website, but does anyone know any other additional sources of information on this company (i.e. company/industry reports)

Also, does anyone know where (apart from Wikipedia) I can find basic information on corporate aviation, marine, property, and casualty insurance?

Thanks in advance for your help.

MI Analyst required to analyse the financial and operational aspects of the company. This role is key in facilitating the drive forward of the MI function in order to add further value to the business in assisting in both it’s strategic and operational management and reporting capabilities.

The main responsibilities of the MI Analyst will include, but not be limited to, the following:

- Analysing business, market and seasonal trends in personal lines insurance.

- Assisting with the preparation and review of the daily, weekly, monthly and quarterly management reports. This includes both quantitative and qualitative reporting.

- Reviewing and implementing system processes and controls within the MI function, maintaining and improving efficiencies, accuracy and control.

- Managing and carrying out project work

Really, this position, a bit of insurance knowledge might be helpful, but not completely necessary. I don’t know of any FREE sources of information on the company, but AM Best does have some reports.

When you’re talking about commercial insurance, aviation and marine are HIGHLY tailored policies, and not particularly standardized. Property and casualty are more standardized, but there’s so much you can do to change it, that GENERAL information isn’t going to be particularly useful to you.

If you have general business operations experience, that’s what you’re going to need. You’re NOT going to have to be technically proficient – that’s what UNDERWRITERS are for.

Sorry, best I can do, from "across the pond".

I was told that I didnt have enough experiance to be an exclusive agency, so someone suggested that I be an independant agent and work with 6-8 different companies. I dont have a degree or experiance, but I am studing to get my licence for auto, health, life, property, and casualty. So how do I become an independant agent?
if anyone can help me please email me at jerdavnew@yahoo.com

OK, what YOU need to do is first take the exam to get your license, and then ask a local, independent agent for a job. Just about any of them should take you on, on a straight commission basis. You’d keep about half the commission from your sales, and you’d have access to the agency carriers, AND the support people who can help you learn about insurance.

NO ONE is going to let someone with no experience sell their stuff. You’re going to have to get 3-5 years under your belt working for someone else’s agency before you will be able to start your own.

Comparative raters for property/casualty and health/life. Is there a company that does all three or one at a time?

I like AMS, and I like Turborater.

Keep in mind, the rates are not UNDERWRITTEN, so you’d still need to do that. Also keep in mind, it’s only going to be for personal lines pc.

I’m new to a major insurance company’s marketing dept and was looking for new and creative ideas on incentives, promotions, contests, etc. to help drive and motivate our agents to increase business/profitability in their personal lines property/casualty book of business. Any ideas are appreciated whether general or very detailed. Thanks.

Well you could have an Agent of the Year title that will go to the agent who meets certain criteria and whose production is the greatest percentage increase over his/her forecast.

You could have a bonus at the end of each month based upon how much the agents exceeded their goal for the month.

Everyone loves recognition so you could have a special recognition dinner or luncheon a few times a year for people who meet special goals etc…

Oh and trip incentives are always a good idea…..

So i got into an accident while slowing down for a stop sign and a lady rear ends my Civic passenger door. The insurance i have is under my dads name but I’m registered in it. Is there a way i can get the money from the other insurance company without him knowing a single thing because i don’t plan on fixing my door , since it’s a bucket and all. I need the money for my prom which is in a month away. Yes im under 18 im 17 and a half and knowing my dad(selfish, careless, greedy), he would take the money and keep it to himself. I have IDS property casualty insurance. So do you think i can get the money without him knowing and getting my insurance company to do that as well? Pleeease this is urgent i didn’t report the accident i plan on doing it tomorrow but i need this plan to wooork. I need the money…? Any advice would be good… thanks

i got a buddy whos daughter got in an accident and well never mind. i don’t think you’ll can get anything with out your dad knowing

I just passed my property and casualty state exam, and I would like to open my own business selling insurance.
I have been told that by being a member of a particular wholesaler, I can sell insurance for any of the companies the wholesaler represents. Now, my question is where should I look for them?
I would appreciate any advice.
Thank you!

Where should you look for WHAT?

If you’re getting hired on by a wholesaler, your clients will be independent agents.

With no experience at all, NO ONE is going to give you a contract directly. You’re going to HAVE to work for another wholesaler.

5 months ago I was involved in a vehicle accident. One month after my accident my insurance started to take an additional $40. Now the problem is that I have two bank accounts. One account is set solely for monthly/recurring payments and the other is my personal account which is only for my personal use .

The Insurance company is taking money out of both accounts when I have not authorize them to take any $$ from my personal account. They are taking the monthly amount out of one account and taking $40 out of my 2nd account. I have called my Insurance and they tell me that the only account they are taking $$ from is my original account with them and have no Idea who is charging my other account. In my monthly account they appear as Infinity INS. and on my 2nd account as Infinity Prop & Cas (Property $ Casualty)

Is this a normal practice for Insurance Companies to double charge or add policy holders to a different Insurance policy to people who were at fault?

Your insurance company would have no way of even knowing you HAVE a second account unless you’ve told them. Have you asked your bank about this?

What companies could I be an agent for that are basically ONLY property and casualty? Basically, I’m just getting a little tired of the life insurance side of things. Any tips/etc?

The VAST majority of agencies sell to both sides of the fence, however, if you have your P&C license, there’s no reason you can’t hop over and sell on the other side.

You’ll have the MOST luck working with an independent agency, not a direct writer – the direct writers really like to push for all lines, as you’ve probably noticed. Also (I’m biased), being with an independent offers you a vastly larger capacity to write a wider variety of coverages.

Just about ANY agency should be willing to take you on as a producer, straight commission basis. As a proven life agent, you might get a mid size to larger agency to take you, and give you part of an existing book and base salary as well. But competition is harder for those spots, as you can imagine.

In any case, you really need to look in your local trade mags for agencies looking for producers, or contact your local branch of Independent Agents (www.iiaa.org).

What companies could I be an agent for that are basically ONLY property and casualty? Basically, I’m just getting a little tired of the life insurance side of things. Any tips/etc?

The VAST majority of agencies sell to both sides of the fence, however, if you have your P&C license, there’s no reason you can’t hop over and sell on the other side.

You’ll have the MOST luck working with an independent agency, not a direct writer – the direct writers really like to push for all lines, as you’ve probably noticed. Also (I’m biased), being with an independent offers you a vastly larger capacity to write a wider variety of coverages.

Just about ANY agency should be willing to take you on as a producer, straight commission basis. As a proven life agent, you might get a mid size to larger agency to take you, and give you part of an existing book and base salary as well. But competition is harder for those spots, as you can imagine.

In any case, you really need to look in your local trade mags for agencies looking for producers, or contact your local branch of Independent Agents (www.iiaa.org).