American Agency System

American Agency System

A way to sell insurance whereby a self-employed individual or an independent company offers policies through different, competing insurers. This person or company is responsible for finding potential policyholders and often explains the advantages and disadvantages of individual policies. If a client buys a policy, the person or company receives a commission from the insurer. The advantages to the American agency system are that it keeps costs down for insurance companies (because they do not have to pay for marketing themselves) and provides potential policyholders a wider array of options. It is also called the independent agency system.
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The PIA National Company Award of Excellence honors a company for its commitment to PIA, to the American Agency System and to furthering the interests of professional insurance agents by creating a better business environment.
This dichotomy has me comparing our extremes in the American agency system and in the insurance industry as a whole.
Underwriters need to look at the ways to recreate the success of the American agency system, but with the mantra of better, faster, and cheaper.
NEW YORK -- Employers' threat of increasing litigation by employees seeking overtime pay maybe tempered by new regulations introduced by the US Department of Labor, according to Robert Stein, Chief Executive of the American Agency System in an address made to business leaders at the Helmsley Hotel today.
Annually, the PIA National Company Award of Excellence honors a company for its commitment to PIA, to the American Agency System and to furthering the interests of professional insurance agents by creating a better business environment.
She has more than 25 years of experience in the American agency system as a leader, author and trainer.
The Amerisure Companies operate through the American Agency System.
In my nearly three decades in the American agency system, I have seen a new crisis every few years--and many of you have seen them, too.
The annual PIA National Company Award of Excellence honors companies for their commitment to PIA, to the American Agency System, and to furthering the interests of and creating a better business environment for professional independent insurance agents.
Mary Daniels and Robert Stein of The American Agency System coordinated the Employment Services session at the 2004 Risk Insurance Management Society (RIMS) conference in San Diego yesterday.
Clark wrote, "The Local Agent believes in the American agency system .
The projects the PIA-CCEO undertakes are cutting-edge, and critical to the success of both the companies that market their products through the American Agency System and the PIA agents who represent those companies.
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