Carriers

​NOTE: This is a rerun of a blog post we originally published in May 2022​. Since then, the carrier has informed its agency force of a commission reduction that will impact many more agents. Some Big I New York members have contacted us about it. Big I New York cannot and will not advise members regarding with whom they should or should not do business. We wish to re-emphasize the advice at the end of this post.Big I New York has asked Kemper Auto & Home to delay its announced commission reductions on certain auto insurance policies. The carrier was told in a meeting this week that the…

​The Big I New York board of directors had a virtual meeting on January 23 with senior leaders at Travelers to address the compensation approach associated with the Quantum Auto 2.0 Value product.  Loree Toedman, VP of Personal Insurance Field Sales, Jeff Burke, Northeast Regional VP of Personal Lines for Travelers and other members of Travelers team were very responsive to meeting with the Big I New York board to address any concerns. The Travelers team provided background and rationale for their approach with the Quantum Auto 2.0 Value product.  The new product will be launched on February 16, 2020 and is intended to provide more competitive…