Anyone know how this affects the cut-through endorsement that they have with ACP? We’re trying to move our Tower accounts but they just do some things better than others.
my broker told me they were an A rating
and I have contracts that stipulate that I use a company with an A or better rating.
So I am a bit confused. Is there some other rating that my broker could have been talking about? Or did they just lie to me?
I just need to know where to find the answers
Broker may not be telling you the whole story Renee.I’m currently looking at a Tower policy of a prospect. Very very cheap relative to the marketplace. The “A” rating might cost you a bit more than you are paying.
Currently Tower itself is basically done. They were purchased by a company called AM Trust and in the purchase AM Trust agreed to back all of Tower’s policies with their rating, which I believe is A-. What your broker is saying is not entirely false, but try to get more information out of them. If they’re selling Tower than they know all of this.
Anyone know how this affects the cut-through endorsement that they have with ACP? We’re trying to move our Tower accounts but they just do some things better than others.
Cameron- all those things they do better than others are showing in their fine results.
Steve, very true. Just hoping the cut-through endorsement still holds some weight.
my broker told me they were an A rating
and I have contracts that stipulate that I use a company with an A or better rating.
So I am a bit confused. Is there some other rating that my broker could have been talking about? Or did they just lie to me?
I just need to know where to find the answers
Broker may not be telling you the whole story Renee.I’m currently looking at a Tower policy of a prospect. Very very cheap relative to the marketplace. The “A” rating might cost you a bit more than you are paying.
Currently Tower itself is basically done. They were purchased by a company called AM Trust and in the purchase AM Trust agreed to back all of Tower’s policies with their rating, which I believe is A-. What your broker is saying is not entirely false, but try to get more information out of them. If they’re selling Tower than they know all of this.