- 3,764
I say we egg her house!
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
No doubt, but you're a dirtbag to sell a book of business and use it as a prospecting list. If the clients call around and switch then that's one thing, but that's not at all the nature of the deal and if the lady was an Allstate agent and sold her book, she knew exactly what she was doing and she should have her professional name dragged through the mud over it.
we paid her $350k. our lawyers are saying a cease and desist really wont do much and we can only go after incurred damages (aka if we hit her now it's maybe 20 personal lines P&C policies.) we cant speculate into the future persay.....yet.....
to get the attorneys to really bite this, they want to see losses over 50k (which will eventaully happen) but we just have to wait and build a case (6 months of documented policies taken, clients taken, etc...) then we can really justify going for the big amount...
i did search her appointmetns and that's how i came across this in the first place. Otherwise...we never would have suspected it. she's 62 and we figured she was retiring (told us she might buy into a medical billing franchise...)
ultimately, when we have the 6 months documentation, we can nail her to the cross becaeuse we have a history. If we jump on her NOW....we'll get a few thousand BUT she'll just get smarter w/ her ways and hide it better.
right now, because we can easily track and document it...we're just building the case. If she gets smarter...we are screwed because it will become impossible to track.
Our attorneys assure us...sit patiently and let her hang herself out to dry. I would love to smear her BUT we all know I can't do that on a public forum. Once the case settles down the road I'll hapily post a link to the dockets.
Is this advice whats best for you or for your attorney? Yes a cease and desist letter doesn't have teeth your telling her we know what your doing and if you don't stop we will come after you, however that letter may actually work and you may stop hemoraging policies. Do you really want to wait until you:
1. Have damages in excess of $50k
2. Have funded her new agency with those policies because you will not be getting them back.
If you wait then you will have paid her $400K. Thats just my $.02 I'm sure glad I am not in your shoes right now. I just think you should make sure this advice isn't whats in your attorneys best interest a cease and desist letter now will cost what like $50-100 while a lawsuit will rack up the billable hours.