Fred Loya Insurance

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Fred Loya Insurance Company
FoundedEl Paso, Texas, U.S. (1974)
FounderFred Loya
HeadquartersEl 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
ProductsAuto insurance
RevenueIncreaseUS$506.3 million (2012)[2]
Number of employees
5,200 (2015)

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]

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[edit]

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[edit]

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]


Some places that the agencies are located include:

  • Wal-Mart Supercenters
  • Fiesta Marts
  • Big 8 Food Source stores
  • Liborio Supermarkets
  • Fiesta Whole Food
  • Superior
  • Cardenas


  • Fred Loya Sr. - Chairman Emeritus
  • Fred Loya Jr. - Chief Executive Officer
  • Fred 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[edit]

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]


  1. ^ a b c "Loya Health Insurance Company review".
  2. ^ a b "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. ^ a b 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.

External links[edit]