“Sales of fixed-rate deferred annuities will jump over the next two years: A 20% increase this year and another 25% next year. Higher interest rates and increased stock market volatility are making annuities more attractive options than they have been in years. Higher rates let insurers hike the payouts they offer on deferred annuities, which accrue value tax-free until they begin making payments. Deregulation in the financial sector is good for annuities, whose sales sagged in 2017 because of the Dept. of Labor’s fiduciary rule. An appeals court later nixed it.” We offer several fixed annuity products from Great American Insurance Company. Give me a call to find out how you can secure one of these great products for yourself!
The 100 days between Memorial Day and Labor Day are recognized as the deadliest for teens, as collisions involving young drivers spikes sharply during this period. This year the Department of Insurance, the California Highway Patrol, Impact Teen Drivers, and the insurance industry are hoping to turn the tide by teaming up with the Ford Motor Company’s Driving Skills for Life Program to educate young drivers about the dangers of driving impaired with a unique behind-the-wheel experience.
“One mistake or poor decision can lead to painful and life-altering consequences from fines and increased insurance rates to the unthinkable-injuring or killing another person,” said Insurance Commissioner Dave Jones. “Educating young drivers and building their behind-the-wheel skills is one of best investments we can make.”
“Traffic collisions are the number one killer of teenagers in America. New drivers often don’t recognize dangerous driving situations,” said CHP Valley Division Assistant Chief Ryan Stonebraker. “Driving under the influence of any amount of alcohol or drugs, or even the slightest distraction, like reaching for a cell phone, can have devastating repercussions.”
While efforts to educate young drivers about the dangers of distractions and driving under the influence of alcohol are well established, the legalization of recreational cannabis presents a new opportunity for parents to talk with their teen drivers about a new impaired driving hazard, as a recent survey by the Property and Casualty Insurers Association of America found.
“Our survey found that many Californians are hearing the messages warning against distracted driving, but too many people appear to have nonchalant attitudes about the dangers of drug impaired driving,” said Armand Feliciano, Vice President Property Casualty Insurers Association of America. “We need more research, public awareness, and sound public policy surrounding the dangers of marijuana-impaired driving to help save lives and reduce crashes.”
James Lynch of the Insurance Information Institute added, “There is substantial evidence supporting that THC impairment leads to a higher rate of motor vehicle crashes, and the chance of an accident increases with consumption.”
Only 36% of workers surveyed anticipate that their monthly Social Security benefit “will be a major source of income” during retirement. However, 67% of retirees surveyed have determined that their monthly Social Security benefit “is a major source of income” during retirement (source: Employee Benefit Research Institute 2018 Retirement Confidence Survey). This reflects failure or insufficient planning for retirement. Please contact me for additional information on this very important subject.
On March 28, 1928, 90 years ago today, Farmers Automobile Inter-Insurance Exchange was born and on April 9th, sold its first auto policy on a 1925 Cadillac Phaeton to Charles Briscoe. This was the beginning of a wonderful Corporate story that has had tremendous positive impact on many individuals; employees, agents, district managers, and of course, the many customers that have had their lives saved from financial ruin through the products purchased through the Farmers Group of Companies through the years. I have been blessed in that I have met many wonderful people during my association with Farmers, both fellow employees, fellow district managers and fellow agents, not to mention the many wonderful customers that I am privileged to serve.
I began my career in the Home Office located at 4680 Wilshire Boulevard in the In Plant Printing department in 1977. From there I went to the Sales Department with positions as Sales Statistical Clerk, Sales Materials Coordinator and Sales Statistical Specialist. Bob Winton and Jim Pattenson were my bosses for the positions in Sales. Not only were they mentors of mine, but also became very close personal friends! During my tenure in Home Office Sales we had two Vice President’s of Sales, George Seebart and Bim Braddock; two of the finest gentlemen anyone would ever wish to meet and each taught me quite a bit about leadership! In 1983, the Regional Sales Manager in the Simi Regional Office, Stan Bergstrom, promoted me to Sales Administration Manager in the Simi Regional Office. Later that year I was promoted to Division Agency Manager in what was at that time known as the Central Division, which we soon changed to the Saleblazers Division. Stan was yet another boss who I had great respect for and developed a strong friendship with that lasted throughout the years. During my tenure at the Simi Regional Office we had two Vice President – Regional Manager’s in Paul Whealen and John Schock and again wonderful mentors, individuals and friends.
In 1984, I left employment of the Company and went to work for Ron Wheat as his District Manager Recruiting and Training Assistant. Ron taught me about working with agents, developing mutual respect with them and how to properly train so that they were as effective as possible when working with the client making coverage recommendations. I developed a deep respect and friendship with Ron and would be remiss if I didn’t mention his dad Bob with whom Ron shared an office for the beginning of my tenure with him. The two of them together were quite a team. In 1987 Stan Bergstrom and John Schock offered me a position as a District Manager in the Simi Valley area. I served 18 years in this position enjoying recruiting new agents and training them in the business of insurance. In 2005 I decided that it was time for a change and opened an agency for myself and have been building up a clientele ever since.
I mention the names of those that were instrumental in my career development but there are many, many more that have made a significant impact on my personal and professional life. People like Charlie Smith, Morry Samuels and Dave Malone who treated me so well during my first business trip to the Santa Ana Regional Office, my dear friends Jim & Bobbie Colclaser who through the years have treated me like family, Home Office friends and co workers Jack Wong, Brian Smith, Lorraine Gimlin, Bob Mobeck, Doug Onyon, Larnie Rowlett, Rick Wright. Donna Lilly, Patti Murphy Pattenson, Mike Bigley and Jerry Faulwell. Regional Office co workers and friends Shirley Johnson, Syd Thoreson, Clarence Mann, Cam McCluskey, George Gueperoux, Arnold Owen, Chuck Roberts, Will Hawkinson, Daryl Hubbard, Jim Jacobs, Paul Quinn, Marita Faulwell, Steve & Donna Mace, Lee Gay Wilk, Cathy Benaway and many, many more, too many to name. To everyone whose path I have crossed in the last forty years, you have made my life special and I thank you! Happy Birthday Farmers! If you have a story about your relationship with Farmers and want to share, please by all means post it on this blog as a tribute to Thomas Leavey and John Tyler!
In the wake of Thomas Fire, the Ventura County Sheriff’s Office reminds residents that charity and home repair scams often follow disasters. The Sheriff’s Office warns people about urgent appeals for charitable donations, and cautions residents in stricken areas about fraudulent home repair offers. The scammers often play on the emotions of people especially during major incidents.
If you are asked to make a charitable donation to help people in disaster affected areas, consider these tips:
• Donate to charities you know and trust.
• Be alert for charities that seem to have sprung up overnight.
• Do not give out personal or financial information including your credit card or bank account number unless you know the charity is reputable.
• Never send cash by mail.
• Be suspicious of random calls requesting a donation.
• Be cautious about clicking on links in emails requesting a donation.
• Check out a charity before you donate by contacting the Better Business Bureau’s Wise Giving Alliance at 703-276-0100 or at website www.give.org
Remember, fraudsters also target disaster affected areas, hoping to cash in on insurance settlements. Home and business owners who need to hire a contractor should:
• Check the contractor’s identification and references.
• Verify the contractor’s license though the State Contractors Board at http://www.cslb.ca.gov/
• Ask for copies of the contractor’s general liability and worker’s compensation insurance.
• Avoid paying more than the minimum in advance.
• Deal with reputable people in your community.
• Call local law enforcement if you suspect a con.
For more information on giving to victims of the Thomas Fire you can contact the below charities:
Ventura County United Way – http://vcunitedway.org/ or by calling (805) 485-6288.
Salvation Army – http://www.salvationarmy.org/ or by calling 1-800-SAL-ARMY.
American Red Cross – http://www.redcross.org/ or by calling 1-800-RED-CROSS