January 2, 2024
hhiagencyAuto Insurance and Politics…
More politics and positioning here! The carriers have been implementing underwriting actions to slow their auto business and stem their losses for the past 6-12 months. I find it hard to believe that the Commissioner didn’t know about these tactics as soon as they were implemented. The letter of outcry is released only after his […]
December 7, 2023
hhiagencyEquitable Long-Term Care and Retirement!
Provided an Equitable variable whole life policy with long-term care rider to a customer this week and at age 85 she will have between $250K and $650K (depending on contributions and performance) in her cash surrender account with tax FREE gains and distribution. She can use this for retirement, lowering her tax rate, for long-term […]
December 4, 2023
hhiagencyHoliday Dinner to Thank Team!
Great time at our holiday dinner to thank my team for working so hard during this challenging insurance market. They are fantastic to work with and I’m grateful to have them on the team! See insights and ads Boost post Like Comment Share
November 21, 2023
hhiagencyTesla Launched its Own Car Insurance. These Drivers Say it’s a Lemon.
Well, here is a real shocker! I have many personal examples of friends and customers that have faced similar challenges with Tesla and took them to arbitration. I am very suspicious of ANY imbedded insurance program as insurance is a very complicated business and is really hard to do well. The claims infrastructure alone needs […]
October 24, 2023
hhiagencyProtect yourself from fraud!
I hate seeing this as it gives insurance a bad name but the reality is I’ve seen this type of fraud in every industry I’ve worked in for the past 25 years. Everyone, people or companies, should receive the actual policy from the underwriting carrier that clearly shows your coverages and coverage period. If you […]
October 17, 2023
hhiagencyAllstate in trouble with its investors!
Allstate may be selling off non-core businesses to fend off activist investors…could be a win/win for the investors. Will be interesting to see what the executive team does to try and hold onto their positions and board seats. Allstate Could Bolster Capital and Satisfy Activist with Sale of Non-Core Businesses: Report pandcspecialist.com • 1 min […]
October 11, 2023
hhiagencySmall Businesses Are Underinsured!
Insurance is one of those expense line items that small business owners hate paying, but since it is a must have, you should make sure you have the correct coverage and understand how your policies work. According to Hiscox, a shockingly large percentage of companies struggle with both. You should review your policies with your […]
September 14, 2023
hhiagencyNational Home Policy Increase by 21% According to Policygenius
Policygenius is a great 3rd party validation of aggregate rate increases across the country and they are seeing a 21% increase nationally. Some states like AZ, and CO are seeing greater increases than this as they don’t have legislation protecting against higher premiums like CA Prop 103 limiting rate increases to 6.9%…but CA carriers are […]
September 12, 2023
hhiagencyHow to get to 0% tax bracket!
Thrilled that Equitable had David McKnight host a webinar today on the need and process to get to a 0% tax bracket by retirement. If you haven’t read his book you need to and I can help you implement it. …see more
September 6, 2023
hhiagencyCA Reinsurance White Paper – Common Sense Approach to CA Insurance Crises
Refreshing to see a common sense approach to the insurance crises in California. Reinsurance manages risks globally so they are not too invested in one geography or vertical so they can call it as they see it and that’s what they did with this white paper…no politics…just solid recommendations to reduce wild fire risks, put […]