Insurance Agent Forum

[retirement plan tampa]

As now all know GM to filed for bankruptcy so is there any chances that Auto Insurance Industry affected by General Motors bankruptcy ???

[Paradigm]

No

[moonlightandmargaritas]

Originally Posted by retirement plan tampa

As now all know GM to filed for bankruptcy so is there any chances that Auto Insurance Industry affected by General Motors bankruptcy ???

[COLOR=blue]Here's who will be effected: auto insurance agents in places like Michigan/Ohio/Indiana that are dead/dying.[/COLOR]

[COLOR=blue]There will be less clients to serve.[/COLOR]

[stormtracker]

This is going to be a very interesting venture. I'd hazard to guess that the effect has already hit-- obviously, less new cars means less mandatory coverage. I'd love to own stock in Kia, Suzuki, or the up and coming Nissan/Toyota soon to be's. But, since I drive Chevy's I am not in the socioeconomic stocks class...