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I guess the carriers are looking for places to grab money. Also, highly odd that two carriers hit me this month.
Years back I ran a very small agency and my team wrote "some" business - about 50K a week. I ditched it and went back to writing in 2008. Remember that year. That means no agent has written under me since 2008.
I checked my renewals for two carriers and both were zeroed out. It's not like it's a ton of money in the first place but absolutely prompted a call.
Both claim that agents who wrote under me "a few years back" had negative balances that were never satisfied. For example, just one agent alone has been negative over $480 since 2008. No action has ever been taken and all of the agents were direct - meaning they got paid direct so nothing would have come out of my next check.
Well...they took it out now and will continue to take it out until the entire balance is satisfied. And yes, according to my general agent contracts I'm ultimately on the hook for their entire balance. I called three of the agents this morning to discuss the matter. All three numbers disconnected.
Nice.
Years back I ran a very small agency and my team wrote "some" business - about 50K a week. I ditched it and went back to writing in 2008. Remember that year. That means no agent has written under me since 2008.
I checked my renewals for two carriers and both were zeroed out. It's not like it's a ton of money in the first place but absolutely prompted a call.
Both claim that agents who wrote under me "a few years back" had negative balances that were never satisfied. For example, just one agent alone has been negative over $480 since 2008. No action has ever been taken and all of the agents were direct - meaning they got paid direct so nothing would have come out of my next check.
Well...they took it out now and will continue to take it out until the entire balance is satisfied. And yes, according to my general agent contracts I'm ultimately on the hook for their entire balance. I called three of the agents this morning to discuss the matter. All three numbers disconnected.
Nice.
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