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Last Post 03/13/2010 8:58 PM by  cowboy26995
Underfunded Insurers in Florida
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cowboy26995
Member
Member
Posts:154


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03/11/2010 9:00 AM

    According to several recent articles in Florida newspapers a multitude of insurers operating in the state of Florida are severely underfunded and would not survive the aftermath of even a Cat 2. This is really encouraging for those looking foreward to the upcoming Cat season. It will be very important for all of us to ascertain the viability of any carrier you choose to work for. Handling several hundred claims for free would not be very pleasant. Now not only do you have to cull vendors for someone honest but on top of it cross your fingers either the vendor or carrier don't go belly up. Remember where you are on the list of carrier creditors!!!!!!!

    Marc Dubois
    Executive General Adjuster
    M.G.D. Claim Services Inc.
    "Your Commercial Claims Solution"
    0
    Ray Hall
    Senior Member
    Senior Member
    Posts:2443


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    03/11/2010 11:52 AM

    It has happened many

    times in my lifetime of adjusting.

    0
    Ray Hall
    Senior Member
    Senior Member
    Posts:2443


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    03/11/2010 11:53 AM

    It will happen the next time Florida gets hit...

    0
    cowboy26995
    Member
    Member
    Posts:154


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    03/13/2010 8:58 PM
    Marc Dubois
    Executive General Adjuster
    M.G.D. Claim Services Inc.
    "Your Commercial Claims Solution"
    0
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