Mr. Newman has enjoyed a 30-year career in the insurance, real estate, information technology and commercial mortgage industries. He has initiated or participated in a number of start-ups business opportunities. In late 2013 Mr. Newman was presented an opportunity to represent Farmers Insurance in Monroe County. Mr. Newman formed The Newman Agency and opened his office at 800 Main Street in Stroudsburg, Pennsylvania. He and his seasoned staff of professionals look forward to serving the entire Pocono Region.
The Newman Agency, as agent for Farmers Insurance and its affiliates offers insurance products for individuals and businesses including:
- Personal Umbrella Liability Coverage
- Personal Automobile
- Recreational Vehicles
- Personal Watercraft
- Business Owners Policy
- Business Umbrella
- Business Auto
- Business Property
- General Liability
- Workers Compensation
The Farmers Agency Division supports its organization with a vast network of underwriters and agency support professionals to provide the highest level of service in satisfying the needs of our clients when claims support is required.
Rick’s connection to the insurance industry began in 1974 with his first job in sales with Mutual of Omaha. In 1976 Rick was introduced to an opportunity with Chicago Title Insurance Company in Cherry Hill, New Jersey, where he was charged with developing the company’s regional relationships with attorneys and realtors. In 1979 he was offered his first start up challenge, opening Fidelity Abstract’s new Atlantic County operations in Linwood, New Jersey.
In 1985, Rick re-connected with his first mentor in the title business to form Guardian Title Agency of Princeton. Within six months the company was profitable, forging relationships with many of the area’s most respected attorneys and real estate developers. While managing sales, marketing and operations for Guardian, Rick and his attorney developed a groundbreaking regulatory strategy to create an affiliated business relationship structure to successfully navigate the regulations of HUD and the Department of Banking and Insurance in New Jersey. His licensing concept ultimately was used for the formation of Weichert Title Agency, an affiliated business of Weichert Realtors, which he founded in 1990.
He served as Vice President of Guardian Title Agency of Mercer County Inc. and President of Weichert Title until 1996, when he merged his interest in Guardian Title with New Jersey Title Insurance Company (NJT) and simultaneously sold his interest in Weichert Title Agency. Established in 1887, NJT was New Jersey’s oldest title insurer and a most respected institution in the state. As Executive Vice President and member its board of directors, Rick headed sales and marketing and was responsible for redirecting the core business strategy of the company from 109 years of direct operations to an agency oriented structure. He identified and negotiated the sale and merger of the company’s New Jersey branch operations with four of the state’s most prominent title agencies.
In 1997, Rick sourced an opportunity to acquire the popular title production software company WinTitle and initiated an acquisition by the stockholders of NJT. This software was used as the platform for the development of Snap Close, which provides information services to the title insurance and mortgage industries.
Following the sale of his interest in New Jersey Title Insurance Company in 2000 and a brief two-year retirement, Newman joined his friend/founder of InterBay Funding, LLC in Fort Washington, Pennsylvania. As the company’s first Regional Manager, he was responsible for its wholesale broker relationships in New Jersey. Newman’s entrepreneurial drive could not be quieted for long however, so with the blessing of the senior management of InterBay, Mr. Newman left the company in 2004 to form Commercial Capital Network (CCN) as a correspondent to InterBay Funding and Silver Hill Financial— companies owned by Bayview Financial of Miami, Florida. As a correspondent to the Bayview Companies, CCN was empowered to offer nationwide access to commercial mortgage loan programs that accommodated the unique financial needs of inns, bed and breakfast and hotel properties.
Commercial Capital Network still serves this niche market, consulting with owners of inns, bed & breakfasts, and hotels throughout the US.