On Jan. 17, 2003 the Western Growers Insurance Company was declared insolvent.
Given their sterling track record, why on earth would anyone give their plea for lower rates any credibility??? Does the CIGA fund all of a sudden have spare funds???
When a carrier picks up on this we’ll know for sure that the soft market is back.
Perhaps Western Growers leadership might appeal to its members to fund the CIGA obligation derived from its insurance company operations, after which time it could discuss rate adjustments.
On Jan. 17, 2003 the Western Growers Insurance Company was declared insolvent.
Given their sterling track record, why on earth would anyone give their plea for lower rates any credibility??? Does the CIGA fund all of a sudden have spare funds???
When a carrier picks up on this we’ll know for sure that the soft market is back.
It’s interesting that this comment comes from an association that drove
it’s almost captive carrier and PAULA, into the ground with low rates.
Perhaps Western Growers leadership might appeal to its members to fund the CIGA obligation derived from its insurance company operations, after which time it could discuss rate adjustments.