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...I Business Auto product targets contractors, artisans, building supply dealers...or our program: Three years in business w/prior commercial coverage F...

...er. Great loss ratios. Mainly Contractors, all local radius, small to mid size accounts. Thanks in adva...

...elp find a market for, they have a small business and they drive their customers perso...tomers cars. They needs liability and auto coverage and they do not drive thei...

It seems an increasing number of carriers have resorted to hyper-inflating their residential Replacement Cost calculations as a means of generating increased premium revenue, and policyholders are outraged! Is this problem unique to Illinois or are agents in other states having similar experiences? When 3-4 bedroom tract homes that sold for $250,000 before the collapse of real estate prices generate RC estimates well in excess of $700,000 - more than double their current market value - there's a credibility problem! Is the Homeowners industry trying in one fell swoop to overcome the under-insurance issue that was a popular topic a couple years ago? Probably not, but it's time to re-examine the accuracy of widely used replacement cost algorithms.