Fred Loya started selling insurance in 1975. Loya was a former cattle rancher.
He founded the Loya Insurance Group with a single storefront in El Paso, Texas.
Today Fred Loya Insurance has 360 agencies in Texas, California, New Mexico, Illinois, Nevada, and Colorado. The company has plans to expand to Arizona.
Agencies are located in shopping centers, grocery stores, street corners and big stores such as Wal-Mart, Big 8 Food Source stores, and Fiesta Marts.
Fred Loya Insurance has an F rating from the Better Business Bureau because of a large number of complaints against the business, mostly due to billing and collection issues and problems with products and services.
Fred Loya Insurance is the 19th-largest Hispanic-owned company in the United States with 2,700 employees and $506.3 million in revenue in 2012.