Fred Loya Insurance
| Company type | Private |
|---|---|
| Industry | Automobile insurance |
| Founded | 1974 |
| Founder | Fred Loya |
| Headquarters | El Paso , United States |
Area served | Alabama, Arizona, California, Colorado, Georgia, Illinois, Indiana, New Mexico, Nevada, Ohio, Texas |
Key people | 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) |
Number of employees | 5200 (2016) |
Fred Loya Insurance is a Hispanic-owned automobile insurance provider headquartered in Texas. By 2016, the company had a workforce of 5,200 employees and maintained 700 branches throughout Alabama, Arizona, California, Colorado, Georgia, Illinois, Indiana, New Mexico, Nevada, Ohio, and Texas. It holds the position of the 18th largest Latino-owned enterprise in the United States.
Founded in 1974 by Fred Loya in El Paso, Texas, the company centralized three claims centers from San Antonio into a single location in 2008 to enhance operational efficiency.
History and current company structure
Starting with one office in El Paso in 1974, Fred Loya established Loya Insurance Group. The business has grown to encompass over 361 agencies across six states: California, Colorado, Illinois, New Mexico, Nevada, and Texas.
These agencies are deliberately situated in accessible venues such as shopping malls, grocery outlets, street corners, and office complexes. Their placement primarily targets lower-income clientele by positioning offices in areas frequently visited by these customers.
Small Business Stimulus Campaign
Fred Loya Insurance initiated a program aimed at supporting small businesses by awarding $5,000 each week to a local small business within the El Paso region.
Locations
Agency sites include:
- Wal-Mart Supercenters
- 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
Fines and lawsuits
In 2012, the Texas authorities imposed a $300,000 penalty on Fred Loya Insurance for breaching state insurance regulations concerning misleading advertising and incorrect application of discount policies.
Additionally, a class-action lawsuit has been initiated alleging violations of California wage payment statutes, which may result in former and current employees receiving owed back wages.