Fred Loya Insurance is a

Texas Texas (, ; Spanish: ''Texas'', ''Tejas'') is a state in the South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2020, it is the second-largest U.S. state by ...

based

Hispanic 500 The HispanicBusiness 500 was a directory published by HispanTelligence of the 500 largest Hispanic and Latino Americans, Hispanic-owned business in the United States. The list was published for 31 years, ending at 2013. To be included in the list, a ...

car insurance company. As of 2016 the company had 5,200 employees and 700 offices in

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and Texas.Crawford, Jenn.
Hispanic Entrepreneur profile: Cattle rancher became insurance giant Fred Loya
" ''

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''. January 3, 2010. Retrieved on August 9, 2010. It is the 18th largest Latino-owned company in the country. The company is headquartered in

El Paso El Paso (; "the pass") is a city in and the seat of El Paso County in the western corner of the U.S. state of Texas. The 2020 population of the city from the U.S. Census Bureau was 678,815, making it the 23rd-largest city in the U.S., the s ...

, Texas and owned by Fred Loya, a

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. Loya began selling insurance in 1974. In 2008 Loya consolidated three

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claims centers into one.

History and current company structure

Fred Loya started Loya Insurance Group in 1974 in El Paso, Texas. It began as a single store front office and has since expanded to more than 361 agencies across six states

and

. The Loya Insurance Group agencies are located in multiple types of locations such as shopping centers, grocery stores, street corners, and office buildings. The agencies are in both small and large towns and cities and focus on being in places where the lower income people go on a regular basis.

Small Business Stimulus Campaign

Fred Loya Insurance has launched a small business incentive program in which it will choose to grant $5,000 per week for a small business in the El Paso area.

Locations

Some places that the agencies are located include: *

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* Fiesta Marts * Big 8 Food Source stores * Liborio Supermarkets * Fiesta Whole Food * Superior * Cardenas

Leadership

* Fred Loya Sr. - Chairman Emeritus * Fred Loya Jr. - Chief Executive Officer * Flower Loya - President * Ben Salazar - Chief Operating Officer * Joe Ramirez - Chief Financial Officer * Edgar Fiol - Executive Sales Director * Edgar Meza - Vice President of Claims Department * * George Briones - Director of Information and Technology * Lana Ruiz - Senior Underwriter * * Leah Williams - Data Analyst Source:

Fines and lawsuits

In 2012 Loya was fined $300,000 for violating state insurance laws in

after insurance regulators determined the auto insurance company used false advertising, and did not follow the company's filed criteria for policy discounts to customers.Kolenk, Vic
Fred Loya Insurance Co. fined $300,000 for violating state insurance laws
" ''

''. June 20th, 2012. Retrieved on June 27th, 2013. A proposed class-action lawsuit has been filed against Fred Loya Insurance Agency, and Loya Casualty Insurance Company. In this lawsuit, Plaintiffs contend that Loya did not comply with the requirements under California law for payment of wages. If successful, a class action allows former and current employees to receive back wages that are owed to them. Law Offices of Thomas W. Falvey.
Loya Insurance Agency Case
. Retrieved on June 27th, 2013.

References

External links

{{Portal, Texas, Companies, Latino and Hispanic American
Fred Loya Insurance
American companies established in 1974 Financial services companies established in 1974 Insurance companies of the United States Companies based in El Paso, Texas