This is an absolute travesty to allow this company to cancel these policies mid-term. If you would like to reduce exposure non-renew at the appropriate time. To allow this company this despicable action at the start of Hurricane season is a farce. What are agents and clients expected to do? It is close to impossible to find wind coverage on commercial risks at this time. I believe the State should always do everything in their power to entice companies to write business in Florida however in this instance this company should be held accountable and penalized any and all ways allowable.
I have 3 mid-term cancels on my desk already \”Underwriting Reasons This Class No Longer Meets Our Underwritng Guidelines Due To Diminshed Reinsurance Capacity\”
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This is an absolute travesty to allow this company to cancel these policies mid-term. If you would like to reduce exposure non-renew at the appropriate time. To allow this company this despicable action at the start of Hurricane season is a farce. What are agents and clients expected to do? It is close to impossible to find wind coverage on commercial risks at this time. I believe the State should always do everything in their power to entice companies to write business in Florida however in this instance this company should be held accountable and penalized any and all ways allowable.
Perhaps I overlooked something, but don\’t see where the article states this is to be done mid-term-?
I have 3 mid-term cancels on my desk already \”Underwriting Reasons This Class No Longer Meets Our Underwritng Guidelines Due To Diminshed Reinsurance Capacity\”