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Several companies may authorize the agent to sell for them, but the agent remains an independent businessperson. While the agent collects commissions, they do not collect a salary from the companies they represent. On average, independent agents work with thirteen property and casualty and six life and health insurance companies on a regular basis.
Farmers Insurance Group (informally Farmers) is an American insurer group of vehicles, homes and small businesses and also provides other insurance and financial services products. Farmers Insurance has more than 48,000 exclusive and independent agents and approximately 21,000 employees. Farmers is the trade name for three reciprocal exchanges ...
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
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Erie Insurance Group, based in Erie, Pennsylvania, is a property and casualty insurance company offering auto, home, business and life insurance through a network of independent insurance agents. As of 2021 [update] , Erie Insurance Group is ranked 347th on the 2021 Fortune 500 list of largest American corporations, based on total revenue for ...
Revenue. $1.9 billion USD (2015) [2] Number of employees. 2,400. Website. www.westfieldinsurance.com. Westfield Insurance, the primary subsidiary of Westfield Group [3], is a multi-line provider of business property and liability insurance, personal lines insurance (including auto, homeowner's and specialty), agribusiness insurance, and surety ...
Dunkley, John. A History of the Farmers Insurance Group of Companies. Los Angeles: Farmers Insurance Group, 1993. Brown, Kathi. Sound Thinking and Lofty Ideals: The First Seventy Five Years of Farmers Insurance.
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