NY is a very difficult state to write profitable business in. Especially when they are talking about writing highvalue downstate homes. Reinsurance costs are thru the roof right now….Good Luck to them, there going to need it!!
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Does anyone know how they will distributing their products? Direct or through IA’s?
These are ex-AIG execs
They are a terrific company who distribute through IA’s. They write in Florida, SC and now NY.
NY is a very difficult state to write profitable business in. Especially when they are talking about writing highvalue downstate homes. Reinsurance costs are thru the roof right now….Good Luck to them, there going to need it!!
We help them out here in FL with $$$, they don’t write any business here and then they go to NY GREAT