well, look at the interest occurred, it almost doubled… if it get’s appealed how much more interest will be acrued if they lose on the appeal? if they were smart, pay up especially since many others have settled already…
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I agree with your point Karen. It is time for reinsurers to pay their fair share.
Reinsurers resisted paying because they make their money on the float, and if the float is more profitable the reinsurer makes more money.
It is sad but ture.
I agree, they take the premiums but don’t want to pay. Any punitive damages for bad faith on the horizon?
We even fight within our own industry. How sad. Come up reinsurers pony up
well, look at the interest occurred, it almost doubled… if it get’s appealed how much more interest will be acrued if they lose on the appeal? if they were smart, pay up especially since many others have settled already…