Allied/Nationwide

Aug 15, 2016

  1. dean8287
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    It appears that Allied/Nationwide is cutting their personal renewal from 15% to 10% starting 1/1/17. It's really ridiculous to only give 4 months notice on this.
     
    dean8287, Aug 15, 2016
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  2. tpowell138
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    4 months is too little? 60 days is all the (CA) DOI requires carriers to give insured/agent written notice to change policy contracts
     
  3. dean8287
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    I think your missing my point
     
    dean8287, Aug 16, 2016
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  4. insurance1822
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    What state? Are you appointed through an aggregator? Is it based off book size & other factors? On the whole book or moving fwd?

    This is catastrophic. I say roll the book. Wtf
     
  5. Johnboy
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    Well it looks like being a ADICO agent is no better than being a Nationwide agent. The party is over time to roll the book.
     
    Johnboy, Aug 16, 2016
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  6. Herkster
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    Notified by mail? Haven't seen anything yet here, and we are an AIDCO agent.
     
    Herkster, Aug 16, 2016
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  7. shawnmwalker
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    I have a significant meeting with senior leadership today. Will inquire. I have heard nothing.
     
  8. tpowell138
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    Got a update today that agencies under $5M WP with Nationwide will receive 10% Commish on renewals. Above $5M in WP you get 12%

    Commercial is still 15% New and Biz and renewal.
     
  9. insurance1822
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    I would imagine if you're in an aggregator then it doesn't matter? For retail Nationwide agents, that's criminal (if it's true.)
     
  10. indienoise
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    Somebody just posted today that groups are the future of p&c. I've tried really hard to keep anyone else's hands out of my agency. Been a small gang of regionals popping up though. Might soon be time to decide which indy model to commit to, nationals via a group, or all regionals. As somebody who planned to be in this for the long haul and let my kids take over, the decision may already be made.
     
    Last edited: Aug 16, 2016
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