Adams sells Allstate Insurance business - Coeur d'Alene Press: Business

Adams sells Allstate Insurance business

Cd'A City councilman contracts with Avalanche

Print
Font Size:
Default font size
Larger font size

Posted: Tuesday, July 10, 2012 12:15 am | Updated: 9:54 am, Fri Nov 16, 2012.

COEUR d'ALENE - Coeur d'Alene City Councilman Steve Adams sold his Allstate Insurance business.

Adams contracted with Avalanche Insurance in Dalton Gardens, and will continue selling insurance.

Adams, elected to the council in November, had owned his Allstate business on East Sherman Avenue for 20 years, having purchased it from his father, who had it for 34 years.

"I contracted with a broker, so I'm not out of insurance," Adams said. "I just needed to expand my horizons. Allstate was one company and now I'll have 40 companies (to work with under Avalanche)."

Called a termination agreement, Adams received a percentage of the business's value, taking in just over $200,000 in the deal. He still owns the East Sherman building but can't use it to sell insurance for at least one year, according to terms of the agreement.

Adams said he'll open up a business there next year.

Jeffi Tibbetts bought Adams' old business from Allstate July 1. She also bought another Allstate business from Terry Kosiancic, and merged the two into one operation, at 610 W. Hubbard Ave. No. 206. Born in St. Maries, Tibbetts moved back to the area from Seattle.

More about

More about

More about

  • Discuss

Welcome to the discussion.

2 comments:

  • Graham88 posted at 1:23 am on Mon, Nov 26, 2012.

    Graham88 Posts: 2

    Thanks for the great post here. I am working in the auto insurance industry by myself so it's always interesting for me to read something new about it. Please keep publishing such nice posts here in the nearest future too.

     
  • nikita_88 posted at 4:56 pm on Fri, Jul 13, 2012.

    nikita_88 Posts: 23

    if i am going to start a business like this do i need seo services for business listing? I think insurance business is a tough thing to do but it will be all worth it when you see your revenue is going up.

     
default avatar
Welcome to the site! Login or Signup below.
|
Not you?||
Logout|My Dashboard