Not sure what everyone else on here focuses on.
But I do public auto and damn right when I thought we were heading for a hard market it seems soft again.
I am getting accounts come in that have 400-500% loss ratios (not that rare in the public auto niche) and I am getting quotes to them that I think are off the wall good and somehow am getting beat.
Either A) These carriers are still eager to write bad business or B) some of these other agents are misrepresenting stuff which happens all the time in this field.. call a taxi a limo and your rate gets cut in half.
Very frustrating right now though.. how are all the other markets? I am hearing WC is hardening up the quickest but still have clients complaining about price when they are stealing coverage.
One of my clients it was actually great.. I insured this guy back in 02 when the market was the hardest I had ever seen it.. had 1 cab in 02 he was paying $10,500 for 1 cab.. I just quoted him $3,750 for his renewal and he told me I was crazy..
Ugghhh.. I miss those early 2000 years when a 8 unit limo company was a $100k account.
But I do public auto and damn right when I thought we were heading for a hard market it seems soft again.
I am getting accounts come in that have 400-500% loss ratios (not that rare in the public auto niche) and I am getting quotes to them that I think are off the wall good and somehow am getting beat.
Either A) These carriers are still eager to write bad business or B) some of these other agents are misrepresenting stuff which happens all the time in this field.. call a taxi a limo and your rate gets cut in half.
Very frustrating right now though.. how are all the other markets? I am hearing WC is hardening up the quickest but still have clients complaining about price when they are stealing coverage.
One of my clients it was actually great.. I insured this guy back in 02 when the market was the hardest I had ever seen it.. had 1 cab in 02 he was paying $10,500 for 1 cab.. I just quoted him $3,750 for his renewal and he told me I was crazy..
Ugghhh.. I miss those early 2000 years when a 8 unit limo company was a $100k account.