An article in today’s Insurance Journal is headlined – “A.M. Best Sees $12 Billion P/C Insurance Underwriting Loss for 2018.” This article has a great headline for insurance companies but the content paints a much better picture for consumers. Case in point, the article says that A.M. Best expects the P/C industry to generate pre-tax … Continue reading When the Insurance Industry Has an Underwriting Loss What Does that Mean for You?
In this video I describe what and who hired and non-owned auto coverage protects. I discuss the skyrocketing cost of auto claims over the past few years and why all companies should have this coverage. I also discuss the beautiful background featured in all of my videos to date. https://youtu.be/RSQ7iNgUC6U
Like all things with insurance there is no definitive answer about how much money you will get back when an insurance policy is cancelled. There are things called short-rate, pro-rata, and minimum earned premium that can all impact how much money you get back if your insurance policies are cancelled.