Got another KSKJ rescission today, again on a woman who was not at all on my radar. IIRC, her only condition was scoliosis. But I wrote her two $10k policies, as she called me a few mos. later and wanted to add coverage. I'm sure her health hadn't changed. She's pretty normal and has sent me some referrals. So I have to think this is mistake, but I haven't checked yet on which policy was rescinded - the first one or the second one.
I heard KSKJ is rescinding some policy’s
- Thread starter DonP
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- 25,824
Ouch.
I have written a couple of large, for me, life cases in the last year. If there are a couple of contestable claims denied I may have to expat.
- 25,824
Oh, there are plenty more coming. KSKJ is probably starting with the ones nearest non-contestability and working backwards. This latest one I think was written in 01/2023, but I need to check which is which. I have some other members of this family with KSKJ too and they may just need to be placed elsewhere.
- Thread starter
- #36
It would seem to me this is a direct attack on fex agents . I haven't heard any agents outside fex agents mention this . It's a lesson to all agents who fall in love with carriers . It's all about profit . A carrier will turn on an agent in a second and throw them under the bus
- 19,610
They have rescinded non FEX agents too. Things do happen that you don't know about.
And you fall in love with companies more than any agent I've ever seen. You argued for years about the greatness of Trans. Then you ditched them for AmAm.
Where we do agree is that this appears to be a vindictive attack. Not a business decision.
But it's going to be affect FEX more because they were by far their number 1 GA.
FEX did 5 times the production of the number 2 GA.
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Good way to lose your vested renewals.
- 5,911
It would seem to me that someone got a bur in thier saddle and are hell bent on making themselves felt among the agent force. Knowing a little bit about human nature, someone with pull is ticked about a conversation or email and is now throwing thier weight around to make a statement... and they are making a statement... and a very pointed one at that. I have very little skin in this one, but it seems obvious to me.
- Thread starter
- #40
I never fell in love with Trans nor am am . I write them while there hot . Trans was a great carrier for 6 or so yrs taking many ailments and having great ss billing .Am Am for me and many agents has been super easy to deal with . Rates are avg, Drafting is good and the agent can redraft themselves for client
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