Why Small Regionals Are Awesome

[indienoise]

Regionals know their market so much better. So many risks that a national flat declines the regional understands and gets it.

It makes insurance fun again with that down home family type approach and partnership.

It can go either way. I assume you mean commercial lines, I do mainly personal and I had to call up safeco to have a national carrier to take the risks my regional wouldn't. The regional knows the market they want, but their standard and preferred tiers have a huge gap between them that I need broader guidelines to fill. But, when its in their target there's no beating them.

 

[hesse]

What do you consider a small regional?

 

[cap361]

What regionals serve Texas?

 

[Italianik]

Looks like ins1822 took his happy pills LOL! This forum always cracks me up.
I only have regionals mostly because the nationals will not even talk to me and because they really don't offer much in terms of products, rates, and differentiation form competitors.

 

[dahonored1]

does NY have regionals that writes in the five boroughs lol I can't imagine NY having anything for that.

 

[bluelinebroker]

Who is in TN. Erie seems to be cheapest, farm bureau dominates

 

[TNagent82]

I'm in TN. Are you talking personal or commercial? Erie seems like they can be competitive on both personal and commercial. FB can be cheapest on house but they are also gonna have acv on roof claims and not as competitive on auto so I don't mind going against them. Southern Trust is a regional that can get real good pricing on personal. Not sure about commercial with them.

 

[nyc2phi]

I'm in TN. Are you talking personal or commercial? Erie seems like they can be competitive on both personal and commercial. FB can be cheapest on house but they are also gonna have acv on roof claims and not as competitive on auto so I don't mind going against them. Southern Trust is a regional that can get real good pricing on personal. Not sure about commercial with them.

I hear Erie is too cheap down there. Use to be that way up here but times have changed a bit. Still most can't compete on their coverage for targeted classes.

 

[insurance1822]

I consider Erie to be bigger then your standard "regional mutual." Erie used to shake the streets in personal lines but now I smoke em. Commercial lines? I've had many UW's refuse to even go against them for certain risks.

 

[cap361]

What carriers are you using for personal lines 1822?