https://completemarkets.com/Article/article-post/2460/What-You-Can-Do-About-Insurer-Insolvency/
...with only marginal vigilance, this real-life insolvency could have been 'predi...stionable investments (in affiliates, real estate, cash increases, low yields, etc.)...
https://completemarkets.com/Article/article-post/989/Agents-Responsibility-For-Company-Insolvency/
... investments (junk bonds, too much real estate)
Agent grapevine is giving some ...
https://completemarkets.com/Article/article-post/1690/Work-Flow-Procedures-Manual-Personal-Insurance-Renewal-Procedure-Agency-Bill/
...you own a second home or any other real property, such as a mountain cabin or ... 2. Are you concerned about estate taxes?
...
https://completemarkets.com/Article/article-post/1324/GENERAL-CUSTOMER-QUESTIONNAIRE/
... ___ Purchase of Mutual Funds ___ Real Estate/Management Service ___ Travel Servi...ted? ____ Not Interested? ____ 3. Umbrella Liability Interested? ____ Not ...
https://completemarkets.com/Article/article-post/1688/WORK-FLOW-PROCEDURES-MANUAL-PERSONAL-RENEWAL-PROCEDURE/
...you own a second home or any other real property, such as a mountain cabin or ... 2. Are you concerned about estate taxes? ...
https://completemarkets.com/company/ase-insurance-services/Articles/content-package/Member-Content/TabCategory/article-post/989/Agents-Responsibility-For-Company-Insolvency/
... Dramatic changes in written premiums from one year to the next Surplus growing faster than 10% a year (could be unstable growth) Transfer of loss reserve portfolio (manipulation of the financial statement) Consistently under-reserving on your claims Questionable investments (junk bonds, too much real estate) Agent grapevine is giving some negative signals SECTION III-ITEMS THAT COULD BE INDICATIONS OF SOME FINANCIAL DIFFICULTIES: Assign one (1 ) point for every YES answer on the portion of the checklist. Consistently poor business decisions being made Information coming from branch inconsistent with ... from home office Employee morale down and turnover among underwriters up Letter from company denying rumors (add extra point if you hadn't heard rumors) Change in agency contracts, especially termination or profit-sharing procedures Extensive changes in agency force (many appointments or terminations) Makes erratic changes in underwriting authority, either more or less Slowdown in paying claims Slowdown in processing return premium endorsements and audits Overall deterioration in service Much lower rates or higher commissions than similar companies Enters new lines of business or markets that other companies are avoiding Sudden withdrawal from a territory ... ratios on NAIC IRIS test Low S&P and/or Moody's ratings Negative cash flow Combined ratio higher than industry average and/or increasing rapidly Any state (even if it isn't yours) taking action against the carrier Premium finance companies refuse to finance their premiums Umbrella carriers refuse to accept underlying coverage from that company SECTION II-ITEMS THAT PROBABLY ARE INDICATIONS OF FINANCIAL DIFFICULTIES: Assign three (3 ) points for every YES answer on this portion of the checklist. Major executive level management changes Frequent changes in auditors Sale of assets Stock ...
https://completemarkets.com/company/raley-watts-oneill/Articles/content-package/Member-Content/TabCategory/article-post/989/Agents-Responsibility-For-Company-Insolvency/
... Dramatic changes in written premiums from one year to the next Surplus growing faster than 10% a year (could be unstable growth) Transfer of loss reserve portfolio (manipulation of the financial statement) Consistently under-reserving on your claims Questionable investments (junk bonds, too much real estate) Agent grapevine is giving some negative signals SECTION III-ITEMS THAT COULD BE INDICATIONS OF SOME FINANCIAL DIFFICULTIES: Assign one (1 ) point for every YES answer on the portion of the checklist. Consistently poor business decisions being made Information coming from branch inconsistent with ... from home office Employee morale down and turnover among underwriters up Letter from company denying rumors (add extra point if you hadn't heard rumors) Change in agency contracts, especially termination or profit-sharing procedures Extensive changes in agency force (many appointments or terminations) Makes erratic changes in underwriting authority, either more or less Slowdown in paying claims Slowdown in processing return premium endorsements and audits Overall deterioration in service Much lower rates or higher commissions than similar companies Enters new lines of business or markets that other companies are avoiding Sudden withdrawal from a territory ... ratios on NAIC IRIS test Low S&P and/or Moody's ratings Negative cash flow Combined ratio higher than industry average and/or increasing rapidly Any state (even if it isn't yours) taking action against the carrier Premium finance companies refuse to finance their premiums Umbrella carriers refuse to accept underlying coverage from that company SECTION II-ITEMS THAT PROBABLY ARE INDICATIONS OF FINANCIAL DIFFICULTIES: Assign three (3 ) points for every YES answer on this portion of the checklist. Major executive level management changes Frequent changes in auditors Sale of assets Stock ...
https://completemarkets.com/company/scurich-insurance-services/Articles/content-package/Member-Content/TabCategory/article-post/989/Agents-Responsibility-For-Company-Insolvency/
... Dramatic changes in written premiums from one year to the next Surplus growing faster than 10% a year (could be unstable growth) Transfer of loss reserve portfolio (manipulation of the financial statement) Consistently under-reserving on your claims Questionable investments (junk bonds, too much real estate) Agent grapevine is giving some negative signals SECTION III-ITEMS THAT COULD BE INDICATIONS OF SOME FINANCIAL DIFFICULTIES: Assign one (1 ) point for every YES answer on the portion of the checklist. Consistently poor business decisions being made Information coming from branch inconsistent with ... from home office Employee morale down and turnover among underwriters up Letter from company denying rumors (add extra point if you hadn't heard rumors) Change in agency contracts, especially termination or profit-sharing procedures Extensive changes in agency force (many appointments or terminations) Makes erratic changes in underwriting authority, either more or less Slowdown in paying claims Slowdown in processing return premium endorsements and audits Overall deterioration in service Much lower rates or higher commissions than similar companies Enters new lines of business or markets that other companies are avoiding Sudden withdrawal from a territory ... ratios on NAIC IRIS test Low S&P and/or Moody's ratings Negative cash flow Combined ratio higher than industry average and/or increasing rapidly Any state (even if it isn't yours) taking action against the carrier Premium finance companies refuse to finance their premiums Umbrella carriers refuse to accept underlying coverage from that company SECTION II-ITEMS THAT PROBABLY ARE INDICATIONS OF FINANCIAL DIFFICULTIES: Assign three (3 ) points for every YES answer on this portion of the checklist. Major executive level management changes Frequent changes in auditors Sale of assets Stock ...
https://completemarkets.com/Article/article-post/2067/ASSESSING-YOUR-FIRMS-RESOURCES/
...nts of that business. Examples are real estate firms, financial institutions, car d...