Yep, and there will be more for sure. The market is over-saturated with carriers and let’s face it, many of these carriers’ operations are just so poorly ran that they just shouldn’t be in business period.
The terrible management strategy IS the business strategy for most of these domestics. I’d really like to see how surplus was cut in half in 18 months…
I don’t believe it was AOB claims caused Sawgrass to implode. I followed this company for years and am surprised it took this long for their demise. Go back to their inception and track their progress — it was a mission doomed to fail from the start — low, unsustainable prices!
Another one bites the dust…
Yep, and there will be more for sure. The market is over-saturated with carriers and let’s face it, many of these carriers’ operations are just so poorly ran that they just shouldn’t be in business period.
The terrible management strategy IS the business strategy for most of these domestics. I’d really like to see how surplus was cut in half in 18 months…
Probably due to AOB claims
dan (sic):
I don’t believe it was AOB claims caused Sawgrass to implode. I followed this company for years and am surprised it took this long for their demise. Go back to their inception and track their progress — it was a mission doomed to fail from the start — low, unsustainable prices!
Actually, it looks like a spat between Sawgrass and a reinsurer allegedly trying to damage them by trying to use trade secrets against them was the issue: https://www.law360.com/articles/819226/insurer-says-competitor-is-trying-to-steal-trade-secrets