Suggestions
Brian Trouette
Trouette Insurance Agency, San Ramon, CA and Scottsdale, AZ
Brian Trouette
Brian Trouette is the Owner at Trouette Insurance Agency, LLC. He has held this position since 2015. Trouette Insurance Agency, LLC is an independent insurance agency located in Baton Rouge, Louisiana.
Professional Background
- Owner at Trouette Insurance Agency, LLC (2015 - present)
- Previously worked at Allstate Insurance Company (2011 - 2015)
- Studied Business Administration and Management at Louisiana State University (2007 - 2011)
Education
- Bachelor's degree in Business Administration and Management from Louisiana State University (2011)
Contact Information
- LinkedIn: https://www.linkedin.com/in/brian-trouette-5b60352/
Highlights
CA is looking to export its insurance chaos to the rest of the country. The article is calling for federal grants and tax credits for people who harden their home against wildfire. The article says nothing of the CA 2018 laws AB 1772, AB 1800, and SB 894 which increased carrier liability in CA while the insurance commissioner refused to allow rate increases. It says nothing of the creative attempts carriers have made at pricing- including wildfire deductible. The article also does not address other issues the media seems unwilling to discuss. If carriers are worried about wildfire, why are they restricting growth in urban areas? Loss ratios are up across the board. Crime is a big factor. The folks that steadfastly ignore crime loss ratios in carriers are the authors of Prop 47. For non CA residents, this is the law that allows someone to steal from your home or a business up to $950 so they can’t be arrested. I have long advocated that insurance should be a free market. Allow the carriers to charge the rates they need and force agents to a higher standard of conduct. For example, if you hire a financial advisor, they will take you through a process of determining risk tolerance for investments. With a continuum of coverages and options from carriers, this would make sense in the insurance industry. Agents should be asking, are you willing to take on more risk with one policy and pay less or pay more for broader coverage? Yet, not a single elected official has advocated for such rules. I believe this is because of the complexity of insurance. Terms like Building Ordinance or Law, Personal Injury, Water backup, Replacement Cost, and Actual Cash Value confuse people- even regulators. It is so much simpler to pass some laws and pretend to fix a problem. In fact, everything CA has done under the guidance of the CA insurance commission Ricardo Lara has exacerbated the insurance crisis. This insurance crisis is going to spread. If you are an advisor to your clients, here is some advice: Don’t file small claims. Keep high deductibles. Beware of “Free” services like glass replacement. We are finding that carriers are beginning to apply the CA rules to other states now. Many are requiring a home/auto pairing to write new business. A home that might be insurable may be declined over auto losses. This happens in our agency about once per week now as carriers are telling us “Clean Business Only”. The insurance industry if made up of investors. When investors lose money, they flee the market.
