Bankers Auto Insurance Review

This Bankers Auto Insurance Review explores St. Petersburg, Florida-based Bankers Financial Corporation. Bankers Financial is a holding company. The Insurance division distributes property & casualty insurance, such as auto insurance, through a variety of insurance companies. The company also underwrites extended warranty coverage. The best way to compare car insurance quotes for FREE is to enter your ZIP code in our car insurance comparison tool.

Bankers Auto Insurance Facts

Bankers Financial was founded in 1982. The company is wholly owned by parent Bankers International Financial Corporation, Ltd., based in the Cayman Islands. Bankers Financial employs approximately 955 people. About 800 people work in its St. Petersburg headquarters office. In 2010, the company generated about $30.7 million in gross sales, according to Dun & Bradstreet. The company’s fiscal year ends in December.

Bankers Auto Insurance Distribution

Bankers Financial distributes many types of auto insurance, and other property & casualty insurance such as fire, flood, and excess flood policies, in about 30 states. The company uses a large network of independent insurance agents and brokers to distribute policies. Independent insurance providers often compare and contrast a variety of different insurance products and services to clients. Because they are independent, the client can choose the best auto insurance coverage to suit their needs.

Bankers Auto Insurance Special Services

Bankers Financial also provides car loan tracking through one of its subsidiary companies, Wagenen Financial Services. Clients such as banks and other financial institutions use the services of Wagenen Financial Services to obtain up-to-date information about car loans and leases.

Bankers Auto Insurance Branding Services

Bankers Financial offers a variety of specialized brands to clients, such as the Gilchrist Hunting Club of Trenton, Florida, with auto and other property & casualty insurance programs. Members of the club purchase insurance policies underwritten by Bankers Financial for the club’s members. This kind of distribution, sometimes called loyalty marketing, helps to attract and retain clients for the insurance company. This kind of insurance is marketed through Bankers Specialty Insurance Company. To receive affordable auto insurance quotes for FREE enter your ZIP code in our car insurance comparison tool.

Bankers Auto Insurance and Commercial Insurance Lines

Bankers Financial distributes a variety of insurance programs and services to personal and commercial clients:

• The company distributes private client insurance lines through its First Community Insurance Company. Individuals may purchase a variety of property & casualty insurance products and services, including homeowner policies.
• Commercial clients work with Bankers Employer Services, Bankers Surety Services, and Bankers Warranty Group. Commercial clients, including contractors and builders, may price a variety of solutions, including auto fleet insurance programs.
• Bankers Financial also offers outsourced commercial services through its BinTech Partners, Inc. subsidiary.

Bankers Financial underwrites a workers’ comp risk management program for clients in the state of Florida.

Bankers Auto Insurance Claims Service

According to the company website, the company responds to claims submitted online and by telephone. The company seeks to resolve customer claims within a maximum 30-day period. The company’s claims center is located in Metairie, Louisiana.

Bankers Auto Insurance Careers

The company seeks a variety of claims, customer service, bail bond, and resort professionals on an as-needed basis.

Claims Supervisors

They monitor, control, and report the property & casualty loss intake from Bankers Financial individual and commercial customers. Claims representatives work directly with customers seeking to report potential losses to the company. These professionals ultimately process loss and overflow claims liabilities underwritten by Bankers Financial. Claims professionals work with insurance company auditors to identify potential fraud claims and to manage loss claims submitted for resolution by the company. Customer service representatives work at the Bankers Financial St. Petersburg, Florida headquarters.

Customer Service Professionals

They work closely with claims personnel to address customer concerns. They assist in managing customer communications and to resolve any problems and issues that may occur. Customer service representatives of the company must obtain a 4-40 CSR License. This license allows the customer service professional to work under the authority of licensed insurance professionals. According to the Insurance School Florida website, the 4-40 CSR License takes about 40 hours to complete. The CSR candidate may complete the entire course online.

Collections Coordinators

These representatives work in the bail bonds unit. They assist in the collection and resolution of accounts receivable, including missing documents and paperwork (including audit of expired documents). They also assist in special projects relating to company receivables. Collections representatives work at the St. Petersburg, Florida headquarters office.

Hospitality and Resort Workers

They are also needed for the company’s Gilchrist Club resort. Housekeepers attend to the maintenance of the facility while servers assist in offering a variety of guest services. Hospitality and resort attendants work in the Trenton, Florida-based Gilchrist Club and resort location.

Bankers Auto Insurance Conclusion

Bankers Financial earns two out of a possible five stars for auto insurance. Bankers Financial doesn’t specialize in auto insurance. To receive multiple online car insurance quotes, enter your ZIP code above.