Tighter Economy Fuels Competition in Insurance Marketplace

Summary


The slowing economy and tightening of credit standards have had an impact on the sales of new homes and automobiles, and that can't help but impact the home and auto insurance business in the state. "The economy has not affected State Farm's performance as we are ahead of pace from the last few years in regards to auto insurance sales," said Reid Clark, underwriting team manager for Mississippi Auto Operations, State Farm Insurance.

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Extract


Tighter Economy Fuels Competition in Insurance Marketplace

The slowing economy and tightening of credit standards have had an impact on the sales of new homes and automobiles, and that can't help but impact the home and auto insurance business in the state.

"Sure it has had an impact," said Keith Bills, president and owner of Bills Insurance, Grenada, and p...

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