Can Insurance Carriers Do That?

[seabee]

I have an insurance carrier that terminated my contract indicating "bad loss ratio" is that code for "we don't want your business?" or something else?

 

[Norwayguy]

I have an insurance carrier that terminated my contract indicating "bad loss ratio" is that code for "we don't want your business?" or something else?

Terminating your contract is code for we don't want your business.

 

[WinoBlues]

I have an insurance carrier that terminated my contract indicating "bad loss ratio" is that code for "we don't want your business?" or something else?

Can Do.

Can also report to C.L.U.E.

Lee

 

[BADTROUT]

Most contract can be terminated at will, at any time with prior notice. What they TELL you may vary greatly from the truth but they have to tell you something...

Look at your loss ratio
Look at your retention
Look at your production
look at your client loyaty

I would bet that even if you do not uncover the real reason they don't want your business, you will find areas to improve.