Gee, if this was a \”real\” insurance company wouldn\’t it be filing quarterly statements on the NAIC format? In that case, they wouldn\’t be months behind on reporting financial data. Of course, if it was a \”real\” insurer it would have reinsurance, surplus, loss reserves, etc. – in short, all the elements that make up the premium that is charged to policyholders.
Now, magnify this by the Florida Citizens example, where they now want to write multiline policies and commercial business. Does anyone out there STILL think this is a solution?
We have updated our privacy policy to be more clear and meet the new requirements of the GDPR. By continuing to use our site, you accept our revised Privacy Policy.
Gee, if this was a \”real\” insurance company wouldn\’t it be filing quarterly statements on the NAIC format? In that case, they wouldn\’t be months behind on reporting financial data. Of course, if it was a \”real\” insurer it would have reinsurance, surplus, loss reserves, etc. – in short, all the elements that make up the premium that is charged to policyholders.
Now, magnify this by the Florida Citizens example, where they now want to write multiline policies and commercial business. Does anyone out there STILL think this is a solution?
Wow! Now I am reminded of why I do double backups of my agency every day.
Katrina uncovered corruption….the hurricane had nothing to do with the computer failures. maybe it was intentional to cover-up.time will tell.