Allstate insurance consolidating cic
After the claims center closes, some sales personnel will be based at the building, but Siemienas couldn't say how many would be.He says the closing does not affect field agents who assist customers seeking insurance policies and other service.There are many methods to determine the value of a book of business, or an entire brokerage, such as basing the sale on a percentage of gross commissions, using a multiple of EBITDA, or a placing a flat figure determined by the number of markets, producers, staff, and location.However, equally as important in quantifying the cost for the sale of an agency is to establish the terms.
Legacies are no longer considered and ultimately its the economies of scale that are the most appealing in these transactions.
Now in the business world it is a dead-man-walking rule of thumb to advertise a lot when you are hurting for business.
Could be too that with each aired commercial, and sporting event, and sponsored car race, that they are reminding Allstate affected people everywhere of their actual corporate mission, and true personality. POSTED: pm EDT May 27, 2009UPDATED: pm EDT May 27, 2009SOUTH PORTLAND, Maine -- Allstate Insurance is consolidating its claims offices and has made a decision to close its South Portland claims office on 75 John Roberts Road, a company official said.
Recently more and more large transfers are using this method for a full takeover of an insurance office.
The buyer benefits if consolidating or streamlining the operations reduce the expenses as the any decrease in operating costs would increase the earnings.