Congrats to the DOI in Missouri, not often companies are rehabilitated. $48 million in losses on $32 mil in premium, it’s called reinsurance folks. It’s there to take the lumps in the really bad years. Perhaps that was the need for management changes.
Congrats to the DOI in Missouri, not often companies are rehabilitated. $48 million in losses on $32 mil in premium, it’s called reinsurance folks. It’s there to take the lumps in the really bad years. Perhaps that was the need for management changes.
It is still a very fragile organization financially. Don’t get too excited yet but I agree this is very good news.
Still one of the all time worst insurance companies. They have raised rates so sky high, it has become flat out theft and the coverage is lousy.