As expected…hold on tight, this may be a bumpy ride. Our company still obtains decreases in workers’ compensation premium and property,liability and D&O (we just saved a client 70.5% this month) BUT…those clients with poor loss history have had some increases and many carriers are quoting at 40% to 50% higher rates, the incumbents tend to be the lowest. Business are going to start screaming at this new problem.
As expected…hold on tight, this may be a bumpy ride. Our company still obtains decreases in workers’ compensation premium and property,liability and D&O (we just saved a client 70.5% this month) BUT…those clients with poor loss history have had some increases and many carriers are quoting at 40% to 50% higher rates, the incumbents tend to be the lowest. Business are going to start screaming at this new problem.
Andrea Luoni
RateCraft
Businesses will simply flee the State in droves. We are considering that probability since California and Moonbeam are hostile to small businesses.