Review Mortgage Lenders

Allstate Mortgage

1236 SW 89 St Oklahoma City, OK 73139

Do Not Work For This Man!

Brian Seiferlein, formerly of First Mountain Mortgage, and currently of Allstate Insurance, leaves a hilarious message for someone firing them ...

Allstate releases estimated insurance losses after Harvey

Allstate expects losses of about $593m in August
due to Harvey

Allstate expects insurance losses of about $593 million in August after Hurricane Harvey left a path of destruction along the Gulf Coast. The initial accounting Thursday follows warnings from other insurers that are tallying the damages from a hurricane season that is nowhere near being over. Allstate’s monthly losses, which likely have not been fully accounted for, are more than three times the $181 million recorded in July before hurricanes devastated islands in the Atlantic and began to strike the United States. Harvey made landfall in Texas on Aug. 25. More than half the losses from that storm are related to vehicle damage. The insurer, based just outside of Chicago, says that because of widespread damage and the inability of people to get to their homes or cars, its estimated losses may grow. Hurricane Irma slammed into Florida this month and Allstate has not released its estimates for that storm.

Warren Buffett: Hurricane Harvey Was Worse Than Irma For Car Insurer Geico

"It's very hard to give numbers but ... there were more total losses by quite a margin in Harvey than in Irma," Buffett, the chairman and CEO of Berkshire, told The Wall Street Journal  Tuesday about Geico's business.

In August, Buffett had said he expects Geico to report losses on about 50,000 cars following Harvey.

As the No. 1 insurer in Florida, Geico will hardly be unscathed by Irma though. Irma was more like a typical hurricane, causing heavy wind damage.

"Auto insurance claims from this storm are also expected to be significant, and we expect Berkshire Hathaway's Geico unit to have the largest exposure, based on its nearly 26% share of the Florida auto insurance (physical damage) market," Cathy Seifert, an insurance analyst with CFRA Reasearch, wrote in a recent note.

Progressive ( PGR ) is the third largest car insurer in Florida, with a roughly 14% market share, while Allstate Corp . ( ALL ) is No. 4, with 10%, she added.

How do insurance agents make money?

Just wondering....Im starting a new job for ALLSTATE, and also as a mortgage broker!
I know how the mortgage part of it works, but how do insurance agents get paid?
How much should you expect?

Insurance agents are compensated by a percentage of the premiums they write with the company. Depending upon the type of insurance that percentage can be anywhere between 7 and 20%. You won't be making a living on 10 clients.