California Insurance Commissioner Steve Poizner has issued proposed regulations for Pay-Drive (Usage Based Auto Insurance), and is accepting public comments on the proposal until 5 p.m., Thursday, July 9, 2009.

According to the Commissioner, “Insurers frequently rely on consumers to provide their own estimates of the number of miles they drive annually. Continue reading "California Insurance Commissioner Seeks Comments on PAYD Auto Insurance"

The Insurance Journal is loaded with useful information for insurance agents and brokers. A division of the Insurance Journal, www.MyNewMarkets.com released Five Insurance Checklists And Client Letters Your Agency Can’t Be Without In 2009. Click here to read the article and view the checkslists and letters.

Most Insurance Agency Owners are savvy business people and when it comes to selling their agency, decide  to do it themselves. Many Business Owners would never consider selling their house without a Realtor and they’ve lived in houses longer than they’ve owned a business. The thing about selling a business is there’s no uniformity when selling a business. Every insurance agency is different and every agency needs attention in different areas. Continue reading "Use a Business Broker when selling your Insurance Agency"

California insurance Brokers should be happy to see the Department of Insurance approving rate increases for Workers Comp Insurance. A recent article in the Insurance Journal breaks down the insurance carriers, the rate increase they requested and what was approved. Continue reading "When will this soft market change for Insurance Agents and Brokers?"

Location: Las Vegas, NV.
Annual Revenue: $156,000
Asking Price: $299,500
Agency Description:

• 100% Health book of business
• Perfect fold in opportunity. No employees, office or other liabilities
• Business placed with carriers such as Anthem, Sierra and Pacificare
• Excellent book of business for established Brokerage to expand or new agent looking to start an agency
• Priced to Sell quick.
• To get more information about this agency click here for a Non-Disclosure Agreement and we can send you additional information

We received a call from a client that searched for an insurance agency to acquire for 18 months. He found a candidate, met the Owner and was positive he’d be buy this agency. After the first 2 visits, The Seller warmed up to him and gave him 3 years of financial information. After another week and another visit, the Seller gave him commission statements to reconcile against the financials. Continue reading "Business Brokers can Help Insurance Agency Buyers and Sellers close the deal"

We field calls and emails from buyers looking to acquire agencies on a daily basis. Even though the economy is in the tank and nobody knows what’s going to happen in our country the next few years, buyers are out and about looking for acquisition candidates. Continue reading "Insurance Agencies for Sale in California are Hard to Locate"

Most businesses that don’t sell, don’t sell because the Business Owners income can’t be verified. If you want to improve the accounting and Financial Reporting for your business or insurance agency, now is the time to prepare. With a few easy steps, you can easily improve your business and we’ve listed them below. Continue reading "Now is the Time to Develop Accounting Procedures for Next Year"

In spite of the slow down in the economy there are still an abundance of buyers looking to purchase insurance agencies and brokerages. Many sellers are reluctant to list their insurance agency for sale because they’re not writing the business they were the past 3 years and think they can get more by riding out the slow down. Continue reading "There are still More Insurance Agency Buyers than Sellers"

Agencies that sell nothing but Auto Insurance are going to have a difficult time over the next few years if they don’t diversify their product offering. Brokers too dependent on Broker Fees or that sell one product (auto) will have a difficult time competing if they’re not already. Continue reading "Sell Additional Lines to Increase Insurance Agency Revenues"