RickyG
Expert
- 85
Anyone else on this forum do business in Nevada? It has been really tough to place monoline auto business. I am looking to see if anyone can recommend carriers to look into for these monoline auto policies.
Just in the last few years here is a list of the issues we have had from carriers we use/used on personal lines:
Encompass/Allstate- pricing went haywire about 3 years ago and they only are very rarely competitive. Wrote in last 2 years with them what we used to in 2 weeks
Infinity- pulled out of state
Hartford- pulled out of state (for us anyway)
Nationwide/Titan- pulled out of state
CSE (regional)- only will take autos with home policy (HO4 doesn't count) and previous limits must be 100/300+ which wipes out numerous monoline clients
Travelers- only will write auto with home policy
Mendota- rates shot way up and are no longer competitive for all but the most "challenged" clients
American General- won't write auto in NV
That leaves us with basically- Safeco, Progressive, Mercury and Kemper. All 3 have had significant rate increases but not as drastic as the previously mentioned companies which aren't competitive anymore or flat out won't write. Hoping I am missing a carrier that I am unaware of someone can turn me on to. Getting tons of calls to quote but due to pricing and above mentioned restrictions only able to help 2-3 out of 10 anymore. It used to be the opposite. Not to mention losing many clients due to existing policy rate increases with no outlet to rewrite.
Just in the last few years here is a list of the issues we have had from carriers we use/used on personal lines:
Encompass/Allstate- pricing went haywire about 3 years ago and they only are very rarely competitive. Wrote in last 2 years with them what we used to in 2 weeks
Infinity- pulled out of state
Hartford- pulled out of state (for us anyway)
Nationwide/Titan- pulled out of state
CSE (regional)- only will take autos with home policy (HO4 doesn't count) and previous limits must be 100/300+ which wipes out numerous monoline clients
Travelers- only will write auto with home policy
Mendota- rates shot way up and are no longer competitive for all but the most "challenged" clients
American General- won't write auto in NV
That leaves us with basically- Safeco, Progressive, Mercury and Kemper. All 3 have had significant rate increases but not as drastic as the previously mentioned companies which aren't competitive anymore or flat out won't write. Hoping I am missing a carrier that I am unaware of someone can turn me on to. Getting tons of calls to quote but due to pricing and above mentioned restrictions only able to help 2-3 out of 10 anymore. It used to be the opposite. Not to mention losing many clients due to existing policy rate increases with no outlet to rewrite.
