Managing an Agency in a Troubled Economy: An Agency’s Best Investment

Stock market volatility and poor economic conditions create investment challenges for businesses or investors. New investment opportunities must be weighed carefully, says InsurBanc’s executive vice president and senior lending officer Bob Pettinicchi. In these times, agents just might find that the best investment they can make is their very own agencies.

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User Comments

  1. Papalii Natu Tugaga

    January 12, 2009 at 9:27 pm

    How much for sending the video as sound system is not perfect on screen. Appreciate your help as am keen to have a copy for reference/ infromation. Regards PNT.

  2. Tom Camiolo

    January 14, 2009 at 11:50 am

    Waste of time redundant.

  3. Bob Oveissi

    January 31, 2009 at 8:47 pm

    It says things like “investors need to do their homework” or “adhere to best practices” or “have a good sales culture”…etc…there isn’t much real info here at all…just “catch phrases”. It then ends with this pearl “The best investment for an agent is their own business’…
    I understand the video seems to infer that agencies shouldn’t take their own money and go to the market to invest. That sentence isn’t worth the whole 3 minutes.

    Thanks for trying to give us good info, even if some of them aren’t as good as the others.

  4. Stephen Conway

    February 6, 2009 at 5:29 am

    Go ahead, buy another boat and don’t invest in your agency. I’ll buy what is left (for a song) after you have no choice but to sell.

  5. Rich King

    February 7, 2009 at 12:52 pm

    Investing in your agency to maximize value over time makes sense. Independent agencies don’t have the national advertising, brand awareness and essentially guaranteed buyback value of captives like Allstate.

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