Fred Loya Insurance

Last updated
Fred Loya Insurance Company
Industry Insurance
Founded El Paso, Texas, U.S. (1974)
FounderFred Loya
Headquarters El Paso, Texas, U.S.
Number of locations
700 agencies [1]
Area served
California, Colorado, Illinois, Indiana, Nevada, New Mexico, Texas, Georgia, Alabama, Arizona, Ohio
Key people
Fred Loya, President & CEO
Products Auto insurance
RevenueIncrease2.svg US$506.3 million (2012) [2]
Number of employees
5,200 (2015)
Website fredloya.com

Fred Loya Insurance is a Texas based Hispanic 500 car insurance company. [3] As of 2016 the company had 5,200 employees and 700 offices in Alabama, Arizona, California, Colorado, Georgia, Illinois, Indiana, New Mexico, Nevada, Ohio and Texas. [4] It is the 18th largest Latino-owned company in the country. [2]

Contents

The company is headquartered in El Paso, Texas and owned by Fred Loya, a Latin American. Loya began selling insurance in 1974. [4] In 2008 Loya consolidated three San Antonio claims centers into one. [5]

History and current company structure

Fred Loya Insurance Corporate Office Fred Loya Insurance corporate office.jpeg
Fred Loya Insurance Corporate Office

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 California, Colorado, Illinois, New Mexico, Nevada and Texas. [1]

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. [1]

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. [6]

Locations

Some places that the agencies are located include:

Leadership

Source: [7]

Fines and lawsuits

In 2012 Loya was fined $300,000 for violating state insurance laws in Texas 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. [8]

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. [9]

Related Research Articles

<span class="mw-page-title-main">Hudspeth County, Texas</span> County in Texas, United States

Hudspeth County is a county located in the U.S. state of Texas. As of the 2020 census, the population was 3,202. Its county seat is Sierra Blanca, and the largest community is Fort Hancock. The county is named for Claude Benton Hudspeth, a state senator and United States Representative from El Paso. It is northeast of the Mexico–U.S. border.

<span class="mw-page-title-main">El Paso County, Texas</span> County in Texas, United States

El Paso County is the westernmost county in the U.S. state of Texas. As of the 2020 census, the population was 865,657, making it the ninth-most populous county in the state of Texas. Its seat is the city of El Paso, the sixth-most populous city in Texas and the 22nd-most populous city in the United States. The county was created in 1850 and later organized in 1871.

<span class="mw-page-title-main">Culberson County, Texas</span> County in Texas, United States

Culberson County is a county located in the U.S. state of Texas. As of the 2020 census, its population was 2,188. The county seat is Van Horn. Culberson County was founded in 1911 and organized the next year. It is named for David B. Culberson, a Confederate soldier and U.S. representative.

<span class="mw-page-title-main">El Paso, Texas</span> City in Texas, United States

El Paso is a city in and the county seat of El Paso County, Texas, United States. The 2020 population of the city from the U.S. Census Bureau was 678,815, making it the 22nd-most populous city in the U.S., the most populous city in West Texas, and the sixth-most populous city in Texas. Its metropolitan statistical area covers all of El Paso and Hudspeth counties in Texas, and had a population of 868,859 in 2020.

<span class="mw-page-title-main">Socorro, Texas</span> City in Texas, United States

Socorro is a city in El Paso County, Texas, United States. It is located on the north bank of the Rio Grande southeast of El Paso, and on the border of Mexico. El Paso adjoins it on the west and the smaller city of San Elizario on the southeast; small unincorporated areas of El Paso County separate it from the nearby municipalities of Horizon City to the north and Clint to the east. As of the 2020 census, the city population was 34,306. By the 2010 census, the number had grown to 32,013. As of July 1, 2019, the population estimate for the city from the U.S. Census was 34,370. It is part of the El Paso Metropolitan Statistical Area. The city is El Paso County's second-largest municipality, after El Paso. It has a council-manager type of government with five city council members.

<span class="mw-page-title-main">Mexican Americans</span> Americans of Mexican ancestry

Mexican Americans are Americans of Mexican heritage. In 2022, Mexican Americans comprised 11.2% of the US population and 58.9% of all Hispanic and Latino Americans. In 2019, 71% of Mexican Americans were born in the United States. Mexicans born outside the US make up 53% of the total population of foreign-born Hispanic Americans and 25% of the total foreign-born population. Chicano is a term used by some to describe the unique identity held by Mexican-Americans. The United States is home to the second-largest Mexican community in the world, behind only Mexico.

<span class="mw-page-title-main">Silvestre Reyes</span> American politician (born 1944)

Silvestre "Silver" Reyes is an American politician who was the U.S. representative for Texas's 16th congressional district, serving from 1997 to 2013. A member of the Democratic Party, he was Chairman of the House Permanent Select Committee on Intelligence between 2007 and 2011. In the Democratic Primary election on May 29, 2012, Reyes lost by a margin wide enough to avert a runoff election to former El Paso city councilman Beto O'Rourke.

Luis Alfonso JiménezJr. was an American sculptor and graphic artist of Mexican descent who identified as a Chicano. He was known for portraying Mexican, Southwestern, Hispanic-American, and general themes in his public commissions, some of which are site specific. The most famous of these is Blue Mustang. Jiménez died in an industrial accident during its construction. It was commissioned by the Denver International Airport and completed after his death.

<span class="mw-page-title-main">Chedraui</span> Mexican supermarket company

Chedraui is a publicly traded Mexican grocery store and department store chain which also operates stores in the U.S. in the states of California, Arizona, New Mexico, Texas, and Nevada under the banner name El Super and stores in Texas under the banner name Fiesta Mart. It is traded on the Mexican Stock Exchange under the symbol CHEDRAUI.

<span class="mw-page-title-main">Fiesta Mart</span> Latino-American supermarket chain based in Houston, Texas and established in 1972

Fiesta Mart, L.L.C., formerly Fiesta Mart Inc., is a Latino-American supermarket chain based in Houston, Texas that was established in 1972. Fiesta Mart stores are located in Texas. The chain uses a cartoon parrot as a mascot. As of 2004 it operated 34 supermarkets in Greater Houston, 16 supermarkets in other locations in Texas, and 17 Beverage Mart liquor store locations. During the same year it had 7.5% of the grocery market share in Greater Houston. Many of its stores were located in Hispanic neighborhoods and other minority neighborhoods.

<span class="mw-page-title-main">Anti-Mexican sentiment</span> Discrimination

Anti-Mexican sentiment, is prejudice, fear, discrimination, or hatred towards Mexico and people of Mexican descent, Mexican culture and/or Mexican Spanish. It is most commonly found in the United States.

<span class="mw-page-title-main">Punjabi Mexican Americans</span> Americans descended from Punjabi people who initially immigrated to Mexico

The Punjabi Mexican American community, the majority of which is localized to Yuba City, California, is a distinctive ethnicity holding its roots in a migration pattern that occurred almost a century ago. The first meeting of these cultures occurred in the Imperial and Central Valleys in 1907, near the largest irrigation system in the Western Hemisphere.

Luis Miranda Casañas, a native of Santana barrio, in Arecibo, Puerto Rico, was the Chairman of the Board of Universal, the largest insurance group in Puerto Rico, which he founded in 1998. It also has a corporate presence on the United States mainland. He is credited, during his long career with Universal, as being the driving force behind the emporium's gradual but steady expansion into diverse lines of business and of successfully surviving banking's incursion into the insurance business.

Patricio Fernández Flores was an American prelate of the Catholic Church. He served from 1979 to 2004 as archbishop of the Archdiocese of San Antonio in Texas, bishop of the Diocese of El Paso in Texas from 1978 to 1979, and auxiliary bishop of the Archdiocese of San Antonio from 1970 to 1978.

<span class="mw-page-title-main">Lowe's Market</span> Regional supermarket chain

Lowe's Market is an American regional supermarket chain, primarily in West Texas and South Texas and throughout New Mexico. The company also operates stores in Colorado, Arizona and Kansas. The company's home office is in Littlefield, Texas.

The following is a timeline of Latino civil rights in the United States.

The Hispanic population in Houston is increasing as more immigrants from Latin American countries come to work in the area. As of 2006 the city has the third-largest Hispanic population in the United States. As of 2011, the city is 44% Hispanic. As of 2011, of the city's U.S. citizens that are Hispanic, half are age 18 or older, and are therefore at the age range eligible to vote. As of 2011 many Hispanics in Houston are not U.S. citizens, especially those living in Gulfton and Spring Branch, and are therefore ineligible to vote in elections. As a result, Hispanics have proportionally less representation in the municipal government than other ethnic groups. As of April 2011 two of the Houston City Council members are Hispanic, making up 18% of the council.

<span class="mw-page-title-main">E. Javier Loya</span> Businessman and CEO of OTC Global Holdings

Enrique Javier Loya is a Mexican-American business entrepreneur, and former college football player. He is a minority owner of the NFL's Houston Texans. Loya is also the co-founder of independent commodity broker OTC Global Holdings.

References

  1. 1 2 3 "Loya Health Insurance Company review".
  2. 1 2 "El Paso's 28 companies second in nation for Latino Business 500".
  3. "Contact Us." (Archive) Fred Loya Insurance. Retrieved on August 9, 2012. "Corporate Headquarters 1800 Lee Trevino El Paso, Texas 79936."
  4. 1 2 Crawford, Jenn. "Hispanic Entrepreneur profile: Cattle rancher became insurance giant Fred Loya." El Paso Times . January 3, 2010. Retrieved on August 9, 2010.
  5. Poling, Travis. "Fred Loya to merge 3 S.A. claims centers." San Antonio Express-News . January 15, 2008. Business Page 01E. Retrieved on August 9, 2010.
  6. "Fred Loya Small Business Stimulus Campaign". kvia. 18 May 2020. Retrieved 10 July 2020.
  7. "About Us". Fredloya. Retrieved 24 May 2020.
  8. Kolenk, Vic "Fred Loya Insurance Co. fined $300,000 for violating state insurance laws." El Paso Times . June 20th, 2012. Retrieved on June 27th, 2013.
  9. Law Offices of Thomas W. Falvey. "Loya Insurance Agency Case". Retrieved on June 27th, 2013.