The reality is that the owners of the company went out and spent BIG $ in the months prior to the problems. As if they knew something was going to happen. My read is that they probably had minimal limits, too, if these losses are even covered. I’m sure their carrier(s) are waiting to see what sort of advance knowledge the policyholder had of the issues.
That is your way of thinking because you are a person of integrity and would accept responsibility. Unfortunately as we all know there are others that feel and act just the opposite. I wish there were more like you out there.
Usually in cases like this, by this point there’s at least a disclosure of the identity of the insurance brokers and underwriters, if not the limits. Something’s suspicious is going on.
You would hope that NECC’s owners would want to make sure the injured are compensated properly and not hide assets. Just my way of thinking.
The reality is that the owners of the company went out and spent BIG $ in the months prior to the problems. As if they knew something was going to happen. My read is that they probably had minimal limits, too, if these losses are even covered. I’m sure their carrier(s) are waiting to see what sort of advance knowledge the policyholder had of the issues.
That is your way of thinking because you are a person of integrity and would accept responsibility. Unfortunately as we all know there are others that feel and act just the opposite. I wish there were more like you out there.
Have a nice Thanksgiving.
They deserve a tax cut, right?
Usually in cases like this, by this point there’s at least a disclosure of the identity of the insurance brokers and underwriters, if not the limits. Something’s suspicious is going on.
Are you saying the agent and/or insurance carrier(s) are hiding something? Not disclosing policy limits isn’t suspicious; it’s standard practice.