Colombian put in receivership

[DonP]

Very interesting . In article company est’s that they received .5% of 1 million Covid claims. I’ve already got calls from Medicare clients were their columbian agents trying to replace it . These are sicker people with 5 yr old policys . I advised them against it as new policys much more exp with questionable health

 

[rousemark]

Is just Columbian Mutual affected? They are the only CFG company in NY.

 

[DonP]

Is just Columbian Mutual affected? They are the only CFG company in NY.

I assume it’s the whole company . The article mentioned a failed takeover

 

[Newby]

I’ve never been a huge believer in AM Best’s ability to judge a company’s financials. But they have been saying that Columbian’s long term outlook was dismal for years.
I guess they got that one right.