Travelers Slashing Commission 15 to 12

[NCSU INS GUY]

Check out the ppa bonus on the front page of agent exchange. All you have to do is not order mvrs and complete like 40% of the ones you do order and you get 15%. I've never not gotten 15%, so you're doing something wrong if you're at 10%.

 

[wow314]

You need 55% conversion to get 15%.

 

[nyc2phi]

If the new product is competitive who cares, if it sucks then yes they will lose a ton of business

Is it a new product or just a comm reduction?

 

[NCSU INS GUY]

I think we run in the 60s, so I've never spent much time looking at it.

 

[F150]

This is OLD news.

Progressive only pays 10%.

Guess you would rather have 0% then 12%?

 

[Blastr17]

Is it a new product or just a comm reduction?

It is both. They are adding a lot of things you see on tv commercials

 

[CaptiveGuy]

You need 55% conversion to get 15%.

All you have to do is have more written auto premium than the previous year and the 5% is paid monthly. I'm still on accelerated commission for 2 more months but I'd take Erie's lower renewal over not selling the policy without them.

In 2014, a 5 percent bonus will be paid by achieving premium maintenance.
● Premium maintenance is achieved when 2013 total PPA direct written premium meets or exceeds 2012 PPA direct written premium.

 

[todd02]

Get ready for lower commissions over the entire industry.

Farmers had a nasty rumor that got SQUASHED by corporate and even destroyed a company sponsored forum in literally minutes after being shared that we are getting commissions sliced in HALF with our new home owners product.

I hear Allstates commissions are going to get sliced and diced as well next year.

 

[insurance1822]

The large nationals will continue this trend. Our regionals already get most of our business & we are thinking of rolling everything to regionals. They're more committed to the agents then the large nationals & in 20 years I gurantee we'll be squeezed out entirely by them.

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Get ready for lower commissions over the entire industry.

Farmers had a nasty rumor that got SQUASHED by corporate and even destroyed a company sponsored forum in literally minutes after being shared that we are getting commissions sliced in HALF with our new home owners product.

I hear Allstates commissions are going to get sliced and diced as well next year.

You better see the writing on the wall & open an Indy before its too late.

 

[nyc2phi]

The large nationals will continue this trend. Our regionals already get most of our business & we are thinking of rolling everything to regionals. They're more committed to the agents then the large nationals & in 20 years I gurantee we'll be squeezed out entirely by them. ---------- You better see the writing on the wall & open an Indy before its too late.

Out of that group of carriers you mentioned before, who do you like working with the best?