https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/164/Windows-Of-Opportunity/
... record $4.5 million in revenue in 1991, and he projects more than $5 million in revenue this year. The agency currently has 75,000 customers and 40 employees. Everhart says hole-in-one coverage is his most profitable line of business. About 15,000 golf tournaments in the , and the carry hole-in-one insurance through and Everhart agency subsidiary, the National Hole-In-One Association. The tournaments offer prizes for holes-in-one ranging from a few thousand dollars cash or a new automobile to $1 million cash, and buy insurance to cover the ... a profit for the underwriter, it's liable to pull the whole book of business, ' Everhart says. A few years ago, I started a program to insure Corvettes. We had a large client base. But then the carrier doubled its sports car rates and practically put me out of business. Also, his lines of business are sensitive to changing legislation. The notary public bonds and used-car dealer bonds are required by the state, ' he explains. If the Legislature changes the law, it could put us out of those ... wild fluctuations in premiums, last-minute restrictions and other aggravations that left them unable to prepare adequate budgets or schedules. Hibbs-Hallmark wrote its own stringent underwriting guidelines (requiring one counselor for every four students, written safety plans, sexual abuse policies and safety evaluations of equipment and facilities, among other things) and arranged an exclusive contract with a carrier. Today, it insures about 60 camps in Texas , Arkansas and Missouri , with $1.5 million in annual premiums. We don't insure every camp, ' says Monaghan. We just look ...
https://completemarkets.com/Article/article-post/164/Windows-Of-Opportunity/
...ble line of business. About 15,000 golf tournaments in the , and the carry h...afety evaluations of equipment and facilities, among other things) and arrange...