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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.

I have an auto hauler with a tractor/trailer and a pick-up/trailer currently with National Indemnity and he's being non-renewed for no apparent reason. After going round and round with them we're now searching for a new market. There's no losses on the acct and is currently paying about $27k/yr for just the auto policy. I've tried quoting with Progressive and they're declining to offer terms due to info on the Safer report which he's already corrected. I've already contacted Maxim Brokerage regarding Canal Insurance, Progressive, NTSG, and Great West, all which have declined to offer terms. If anyone has a suggestion on who I can try next that would be greatly appreciated, I have 47 days until the policy expires and I'd like to secure a quote ASAP. Thank you!

Looking for a market for Arizona used car dealer. Many vehicles are purchased from auction or other dealers and have salvage titles. Insured does some minor body/service work and turns them around. He also occasionally does body work on vehicles he does not own. Current carrier is cancelling due to non-compliance with recommendations. Insured says he has taken care of all clean-up and housekeeping issues but is not getting good communication from current carrier. Current policy expires soon and I highly doubt we will have loss runs prior to needing coverage. Thanks!!

Hello Peers I have a risk with 34 autos. Progressive is getting off the risk due because they have more than 20 units in their fleet plus. Their loss history is not good over the last five years at $250k. Expiring premium is $85k. Scottsdale has not yet told us if they are quoting. NICO via Pacific Gateway takes a very long time to offer any terms. The renewal date is 8/28/18. Any suggestions for a market? Thank you,